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 Drake 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.

Loveland Gold and Silver

2121 N Lincoln Ave Ste B5, Loveland, CO 80538

(970) 593-5667

Top Dollar Gold

1601 E Eisenhower Blvd, Loveland, CO 80537

(970) 669-1230

Helzberg

5985 Sky Pond Dr, Loveland, CO 80538

(970) 461-3774

Antares Jewelry Studio

1400 Falls Ct, Loveland, CO 80538

(970) 461-2910

Sunspirit Designs

350 E 7th St Ste 9, Loveland, CO 80537

(970) 622-9500

Kay Jewelers

5971 Sky Pond Dr Suite C118, Loveland, CO 80538

(970) 593-0740

Jared The Galleria of Jewelry

THE Promenade Shops At Cente, Loveland, CO 80538

(970) 461-5925

Jared - Galleria of Jewelry

5802 Sky Pond Dr, Loveland, CO 80538

(970) 461-5925

Rydquist Fine Jewelry

533 E Eisenhower Blvd, Loveland, CO 80537

(970) 599-9141

Foundation Pawn

1121 E Eisenhower Blvd, Loveland, CO 80537

(970) 685-4942

Noco Studio

425 E Eisenhower Blvd, Loveland, CO 80537

(970) 669-1838

Ultra Diamonds

5602 McWhinney Blvd, Loveland, CO 80538

(970) 663-5130

Rydquist Fine Jewelry

697 E Eisenhower Blvd, Loveland, CO 80537

(970) 599-9141

Noble House Precious Investments

206 E 29th St, Loveland, CO 80538

(970) 622-9443

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.