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 Elberon 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.

R-Little Store

107 West St NW, Blairstown, IA 52209

(319) 454-6320

Jessy's Gems Gallery

117 W 4th St, Vinton, IA 52349

(319) 472-3573

Ladybug Safari

1551 280th St, Brandon, IA 52210

(319) 981-0524

Jewel Box

922 Main St, Grinnell, IA 50112

(641) 236-9818

Bill's Jewelry Shop

903 Main St, Grinnell, IA 50112

(641) 236-1008

Kay Jewelers

MARSHALL Town Ctr, Marshalltown, IA 50158

(641) 752-1763

Riddle's Jewelry

2500 S Center St Ste 1490, Marshalltown, IA 50158

(641) 754-9788

Hellberg's Jewelers

13 W Main St, Marshalltown, IA 50158

(641) 752-3675

Valuables Cash

132 W Main St, Marshalltown, IA 50158

(641) 328-1003

Gold Estate

1523 E San Marnan Dr, Waterloo, IA 50702

(319) 833-4653

EZPAWN Payday Loans

920 Laporte Rd, Waterloo, IA 50702

(319) 287-9053

Gold Buyers At the Mall

2060 Crossroads Blvd, Waterloo, IA 50702

(319) 232-5989

Zales

2060 Crossroads Blvd Ste 149, Waterloo, IA 50702

(319) 233-5277

Facets

201 E Tower Park Dr, Waterloo, IA 50701

(319) 233-5357

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.