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 Elsmore 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.

D J M A C Jewelry

1305 Central St, Humboldt, KS 66748

(620) 210-0165

Bracelets Are US & A Touch of Sun

111 E Main St, Chanute, KS 66720

(620) 432-9919

Al's Jewelry

101 E Main St, Chanute, KS 66720

(620) 431-2589

Stephiemc Designs

13 N Grant Ave, Chanute, KS 66720

(620) 431-4555

Bartelsmeyer Jewelry

1519 S National Ave, Fort Scott, KS 66701

(620) 223-2070

This That

19 N Main St, Fort Scott, KS 66701

(620) 223-5865

Makaelderon's Cauldron

1605 Cameron Dr., Fort Scott, KS 66701

(620) 223-2908

John's Jewelry

128 E Forest Ave, Girard, KS 66743

(620) 724-8718

Parsons Fine Jewelry

1722 Parsons Plz, Parsons, KS 67357

(620) 421-2180

Gold & Silver Jewelry Gun & Pawn

1701 Main St, Parsons, KS 67357

(620) 421-0048

Parsons Fine Jewelry

1722 Main St, Parsons, KS 67357

(620) 421-2180

Neodesha Coin & Collectibles

418 Main St, Neodesha, KS 66757

(620) 325-2737

Chambers Jewelry

605 Main St, Neodesha, KS 66757

(620) 325-3535

Bud's Jewelry

720 N Broadway St, Pittsburg, KS 66762

(620) 231-7399

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.