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 Cranbury 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.

G C Variedades

112 N Main St, Hightstown, NJ 08520

(609) 443-5044

Creations Jewelry

510 US Highway 130 Ste 11, East Windsor, NJ 08520

(609) 443-8066

Jewelry Design Gallery

319 US Highway 130, Hightstown, NJ 08520

(609) 371-1800

Kay Jewelers

72 Princeton Hightstown Rd Ste 1, East Windsor, NJ 08520

(609) 371-0139

Goldcore Jewelers

10 Schalks Crossing Road, Plainsboro, NJ 08536

(609) 275-1501

Nationwide Gold & Estate Buyers

400 Spotswood Englishtown Rd, Monroe Township, NJ 08831

(732) 251-8600

Park Avenue Distributors Inc

20C Ventnor Dr, Monroe Township, NJ 08831

(609) 395-1763

Monroe Jewelers

1600 Perrineville Rd Ste 11, Monroe Township, NJ 08831

(609) 409-3600

Piercing Pagoda

18 N State Home Rd, Monroe Township, NJ 08831

(732) 238-9594

Belle Jewelers

4095 US Highway 1 Ste 33A, Monmouth Junction, NJ 08852

(732) 329-2811

Formica Edward R

5 Graham Pl, Millstone Township, NJ 08535

(732) 786-1811

IBUYANDSELLIT.COM

451 A Rt 33, Millstone Township, NJ 08535

(732) 900-8524

Felicia Limited

13 Palmer Cir, Millstone Township, NJ 08535

(732) 786-8080

Budd's Card & Jewelry Shop

87 Laurel Ave, Kingston, NJ 08528

(609) 924-0525

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.