Finding someone to buy your silver items can take some time, so you need to make sure that you look around and find the best silver dealers Collins has to offer. This way, you can make sure that you get the best price possible for all of your valuables.

A good buyer will carefully assess all of your things to give you an accurate understanding of how much they are worth. You can then use this information to decide what to do. Selling your silver can earn you quite a bit from the right dealer.

Cashland

214 Milan Ave Unit A, Norwalk, OH 44857

(419) 216-2140

Crider Jewelers Inc

122 Blossom Centre Blvd, Willard, OH 44890

(419) 933-8421

Cashland

15 E Walton St, Willard, OH 44890

(419) 951-0215

La La Lucy

420 Ohio St, Huron, OH 44839

(419) 656-0783

Cargo Jewelers & Gallery

699 Toledo St, Vermilion, OH 44089

(440) 967-4256

Small Town Girls

52001 N Ridge Rd, Vermilion, OH 44089

(440) 967-5251

Jennifer Tatum-Strader

11 Clark Ct, Oberlin, OH 44074

(440) 596-0460

Mermaids Tale The

201 Church St, Amherst, OH 44001

(440) 988-7826

Vegas Jewelers

2278 Kresge Dr, Amherst, OH 44001

(440) 282-1880

Willow's Fashion Jewelry and Gifts

111 S center St., LaGrange, OH 44050

(440) 723-0321

Northcoast Coins

2916 Park Ln, Sandusky, OH 44870

(419) 626-4120

Samuels Jewelers

4314 Milan Rd, Sandusky, OH 44870

(419) 627-6249

J.B. Robinson Jewelers

4314 Milan Rd Unit 270, Sandusky, OH 44870

(419) 624-1325

James A Bertsch Jewelers

101 W Market St, Sandusky, OH 44870

(419) 625-1241

Tactics That Successful Silver Dealers Use

Silver is a commodity. That means that any single ounce of silver is worth the same as any other ounce of silver at the same purity level. It's been used as money in a variety of cultures and silver dealers use tactics to buy and sell silver and make a profit. Here is how they do it.

Wholesale Markup

Silver dealers are in business to make money and they often do it by buying silver coins or bullion at wholesale prices. Perhaps they were able to buy a silver coin for the rock bottom price of $15. When these coins become scarce in the market, the dealer may choose to offer them to a collector. Collectors pay a higher price and remove the coins from circulation. The dealer makes a profit on the markup over the wholesale price that he paid.

Replacement Cost Price

A dealer should never sell anything for less than the cost of what it would take to replace it. That's the philosophy of most successful dealers in metals. They take the long view and buy silver when it reaches a low. Let's use the same number we used above. Say they bought an ounce for $15.

That's a good buy because the price of silver typically goes for more than that. To gain a profit, the dealer will have to hold onto the bullion until the price rises. At that point, he must sell it at a price no lower than what it would cost him to replace it. If silver has risen to $30 an ounce, he's made a tidy profit when he sells.

The first tactic requires finding the right kind of buyer in order to make a profit. The second one requires patience while waiting for the market to change. Both can be very lucrative.