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 Dundalk 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.

Fast Cash Pawnbrokers Inc

3401 Dundalk Ave, Dundalk, MD 21222

(410) 285-4495

Poplar Jewelry

1709 Poplar Pl, Dundalk, MD 21222

(443) 376-5017

Deeva Deezigns

2721 Delk Ct, Dundalk, MD 21222

(443) 415-2518

Leah's Lovely Boutique

304 Bayside Dr, Dundalk, MD 21222

(443) 955-8716

Jeff's Coin & Currency

2401 North Point Blvd, Dundalk, MD 21222

(443) 271-5497

Gold Father of Dundalk

28 N Dundalk Ave, Dundalk, MD 21222

(410) 288-4653

The Goldfather

1801 Dundalk Ave, Dundalk, MD 21222

(443) 835-3848

Owlsome Treasures

4415 Greencove Cir, Sparrows Point, MD 21219

(410) 477-4668

Essex Pawn

138 Eastern Blvd, Essex, MD 21221

(410) 687-5045

Hercules Ta Goldfathers

507 Eastern Blvd, Essex, MD 21221

(410) 391-4653

Got Gold

205 Eastern Blvd, Essex, MD 21221

(410) 687-0333

Avenue

8675 Pulaski Hwy Ste 102, Rosedale, MD 21237

(410) 574-3656

Golden Ring Ena

8653 Philadelphia Rd, Rosedale, MD 21237

(410) 682-9637

Beaddazzzling Designs

9102 Abigail Dr Apt 1A, Rosedale, MD 21237

(443) 760-1148

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.