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 East Rutherford 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.

Americana Precious Metals

217 Paterson Ave, East Rutherford, NJ 07073

(201) 933-1100

Gold Type Business Machines

351 Paterson Ave, East Rutherford, NJ 07073

(201) 935-5090

Braccio Inc

62 Railroad Ave, East Rutherford, NJ 07073

(201) 531-1600

Park Ave Gold Buyers & Sellers Inc

116 Park Ave, East Rutherford, NJ 07073

(201) 460-0081

Americana Coin Exchange

217 Paterson Ave, East Rutherford, NJ 07073

(201) 933-2000

East Rutherford Jewelry Exchange

75 Route 17 South, East Rutherford, NJ 07073

(201) 507-0009

East Rutherford Jewelry Exchange

81 Rt-17 S, East Rutherford, NJ 07073

(201) 507-0009

Corbo Jewelers of Rutherford

58 Park Ave, Rutherford, NJ 07070

(201) 438-4454

Manhattan Gold Buyers & Sllrs

116 Park Ave, Rutherford, NJ 07070

(201) 460-0081

Steve's Hobby Shop

2 Franklin Pl, Rutherford, NJ 07070

(201) 935-3737

Steamist

1 Altman Dr, Rutherford, NJ 07070

(201) 933-0700

Marcus Jewelers

58 Park Ave, Rutherford, NJ 07070

(201) 939-0079

Miracles Happen Adornments

247 Carmita Ave, Rutherford, NJ 07070

(201) 446-4565

ATHRA LUXE

430 Gotham Parkway, Carlstadt, NJ 07072

(201) 964-9770

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.