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 Cove City 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.

Zak's of Mallardtown USA

1553 10 Mile Fork Rd, Trenton, NC 28585

(252) 448-1920

Designs By Shelia

218 N Herritage St, Kinston, NC 28501

(252) 520-7867

Payday Jewelry Music & Pawn

1700 W Vernon Ave, Kinston, NC 28504

(252) 686-0935

Jolly's Pawn Shop

1502 W Vernon Ave, Kinston, NC 28504

(252) 522-5593

Stout Family Jewelers

2405 N Herritage St # B, Kinston, NC 28501

(252) 522-0888

Brian West Jewelers

1002 W Vernon Ave, Kinston, NC 28501

(252) 527-4542

Apple Gold Group

4483 US Highway 70 W, Kinston, NC 28504

(252) 520-2060

Thomas Jewelers

834 Hardee Rd Ste H8, Kinston, NC 28504

(252) 522-1005

It's Fashion

2411 N Herritage St, Kinston, NC 28501

(252) 523-0342

Zales

3154 Dr M L King Jr Blvd, New Bern, NC 28562

(252) 638-4977

Mike's Downtown Jewelers

222 Middle St, New Bern, NC 28560

(252) 649-3155

Gifted Sista

429 Garner Rd, New Bern, NC 28560

(888) 489-1638

J & W Jewelry & Loan

2406 Dr M L King Jr Blvd, New Bern, NC 28562

(252) 637-7999

Kay Jewelers

3010 Dr M L King Jr Blvd, New Bern, NC 28562

(252) 633-1028

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.