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 Deer Isle 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.

Pearson Design Studio

29 Old Ferry Rd, Deer Isle, ME 04627

(207) 348-2535

Front Shore Jewelry

1277 Meadow Pond Rd, Islesboro, ME 04848

(207) 734-8848

Shaw Sam Contemporary Jewelry

126 Main St, Mount Desert, ME 04660

(207) 276-5000

Shaws Contemporary Jewelry

126 Main St, Northeast Harbor, ME 04662

(207) 276-5000

Lisa Hall Jewelry

8 Summit Rd, Northeast Harbor, ME 04662

(207) 276-5900

Michael Good Designs

325 Commercial St, Rockport, ME 04856

(207) 236-9623

Michaels Good Designs

499 Main St, Rockport, ME 04856

(207) 594-2580

Leonard's

56 Commercial St, Rockport, ME 04856

(207) 236-3999

Mcn Coins

890 West St, Rockport, ME 04856

(207) 701-8411

Camden Jewelry Company Inc.

4 Bayview Dr, Rockport, ME 04856

(207) 236-8124

Stonecutter's Jewelry

205 Commercial St, Rockport, ME 04856

(207) 236-2554

Harbor Stones

29 Main St, Camden, ME 04843

(207) 236-4800

Etienne Perret

14 Sea St, Camden, ME 04843

(207) 236-9696

Barnstable Originals

50 Harden Ave, Camden, ME 04843

(207) 236-8162

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.