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 Dowling 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.

Instant Cash Advance

725 W State St, Hastings, MI 49058

(269) 945-0200

Hodges Jewelry & Gifts

122 W State St, Hastings, MI 49058

(269) 945-2963

Gilmore Jewelers

102 E State St, Hastings, MI 49058

(269) 945-9572

Silver Moon Gallery & Gifts

8653 N 32nd St, Richland, MI 49083

(269) 629-0102

Choices Unlimited

8887 Gull Rd, Richland, MI 49083

(269) 629-5507

C & M Precious Metals

946 Capital Ave NE, Battle Creek, MI 49017

(269) 963-4653

Pearlman's Percious Metals, Arts, and Antiques

692 Capital Ave SW, Battle Creek, MI 49015

(888) 811-1529

King Jewelers

2811 Capital Ave SW, Battle Creek, MI 49015

(269) 979-5758

Rogers & Hollands

LAKEVIEW Sq, Battle Creek, MI 49015

(269) 979-5405

Rogers & Hollands

5775 Beckley Rd Ste F-107, Battle Creek, MI 49015

(269) 979-9700

Zales

5775 Beckley Rd Ste 241, Battle Creek, MI 49015

(269) 979-4900

Pearlmans Jewelers

692 Capital Ave SW, Battle Creek, MI 49015

(269) 963-1529

Kay Jewelers

5775 Beckley Rd Space 707, Battle Creek, MI 49015

(269) 979-3894

Fred Meyer Jewelers

5775 Beckley Rd Sp 243, Battle Creek, MI 49015

(269) 979-4300

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.