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 Danville 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.

Crafting by the Moonlight

1708 Apple Valley Dr, Howard, OH 43028

(740) 390-0846

Rhoads Jeweler

257 W Main St, Loudonville, OH 44842

(419) 994-4451

Lingenfelter Jewelers

129 W Main St, Loudonville, OH 44842

(419) 994-3450

Creative Outlet

226 W Main St, Loudonville, OH 44842

(419) 994-5092

The Gold Exchange @ Mt Vernon Coin & Collectables

110 S Main St, Mount Vernon, OH 43050

(740) 263-7981

Rundell Goldsmiths

210 S Main St, Mount Vernon, OH 43050

(740) 397-9678

The Gold Exchange @ Mt Vernon Coin & Collectables

110 S Main St, Mount Vernon, OH 43050

(740) 263-7981

Hunnicuts Jewelry & Repair

49 Clarence Ct, Mount Vernon, OH 43050

(740) 392-3318

Knox Coin & Jewelry Exchange

310 Coshocton Ave, Mount Vernon, OH 43050

(740) 397-5100

Hunnicut's Jewelry & Repair

204 S Main St, Mount Vernon, OH 43050

(740) 392-3318

Cashland

987 Coshocton Ave, Mount Vernon, OH 43050

(740) 324-5157

Deans Jewelry

1558 Coshocton Ave Ste 3, Mount Vernon, OH 43050

(740) 393-1663

Huff's Fine Jewelry Inc

25 N Main St, Fredericktown, OH 43019

(740) 694-1722

Ultimate Cycler Guru

277 E South St # # 21101, Shreve, OH 44676

(330) 231-1594

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.