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 Deadwood 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.

Raindogs

162 Beach Ave, Yachats, OR 97498

(541) 547-3000

Fred Meyer Jewelers

4701 Highway 101, Florence, OR 97439

(541) 902-7315

Waterlily Studio Jewelry And Beads

1901 Highway 101, Florence, OR 97439

(541) 725-4162

Oregon Coast Tattoo

1379 Rhododendron Drive A, Florence, OR 97439

(541) 991-8281

Waterlity Studio Jewelry & Beads

595 Highway 101, Florence, OR 97439

(541) 999-6308

Brower's Stamp & Coin

493 Highway 101, Florence, OR 97439

(541) 997-9202

Lost Mine Silverworks

1133 Bay St, Florence, OR 97439

(541) 997-8919

Wicked Kitty Designs

2298 17th St, Florence, OR 97439

(310) 502-9225

Silver Lining Boutique

2217 Highway 101, Florence, OR 97439

(541) 997-2440

The Courtyard On 6th

264 W 6th Ave, Junction City, OR 97448

(541) 234-2160

Doug & Mim's

340 NW Hemlock St, Waldport, OR 97394

(541) 563-2454

Hauser Gallery Ethnic Artifacts & Jewelry

Highway 101, Seal Rock, OR 97376

(541) 563-5232

Eugene Coin & Jewelry

2472 Willamette St, Eugene, OR 97405

(541) 683-8445

Gold Rush Nugget Bucket

965 Tyinn St, Eugene, OR 97402

(541) 515-6138

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.