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 Elmore 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.

Cloverdale Jewelers

3326 Main St, Millbrook, AL 36054

(334) 201-8444

Joanna's Fine Jewelry & Gifts

3571 Grandview Dr, Millbrook, AL 36054

(334) 285-1615

Big Chief Gold Buyers

5695 US Highway 231, Wetumpka, AL 36092

(334) 201-6487

Whole-Heart Jewelry

109 Company Street, Suite 120, Wetumpka, AL 36092

(334) 303-5501

Caron Jewelry & Pawn

52 Village Loop, Wetumpka, AL 36093

(334) 567-0304

Harrison's Jewelry and Pawn

5695 US Highway 231, Wetumpka, AL 36092

(334) 478-3830

Bryan Jewelry

1876 E Main St, Prattville, AL 36066

(334) 365-6552

River Region Coins & Cllctbls

1513 Bridge Creek Rd, Prattville, AL 36067

(334) 356-2640

Zales

2324 Hilltop Farm Rd, Prattville, AL 36067

(334) 277-4373

Rick's Jewelers

1992 Highway 14 E, Prattville, AL 36066

(334) 361-7660

Southern Bullion Coin And Jewelry

1963 Cobbs Ford Rd, Prattville, AL 36066

(334) 356-0741

Tiger Stripes

136 Shady Oak Ln, Prattville, AL 36066

(334) 361-7216

Cheapskates East

185 W Main St, Prattville, AL 36067

(334) 358-3400

Mack's Fine Jewelry Designs

831 S Memorial Dr, Prattville, AL 36067

(334) 361-9001

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.