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 Endeavor 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.

Forever Yours Jewelry

123 W Cook St, Portage, WI 53901

(608) 745-3330

Sterling Jewelers

3000 New Pinery Rd, Portage, WI 53901

(608) 745-4374

Silver-Smith Jewelry

30 W Montello St, Montello, WI 53949

(608) 297-7775

Muddy Bear

403 N Main St, Westfield, WI 53964

(608) 296-4499

Diamonds In The Dells

731 Oak St, Wisconsin Dells, WI 53965

(608) 253-0600

Kaminski Coin Co

1411 Michigan Ave, Wisconsin Dells, WI 53965

(608) 254-7908

Kaminski Coin Co

731 Race St, Wisconsin Dells, WI 53965

(608) 254-7908

Out of The Woods

400 Broadway Ste 1, Wisconsin Dells, WI 53965

(608) 254-2993

Ladysmith Jewelry

860 County Road A, Grand Marsh, WI 53936

(608) 584-4738

Thompson's Jewelry Inc

416 Oak St, Baraboo, WI 53913

(608) 356-6535

Sophie's Fine Jewelry & Gifts

830 US Highway 12, Baraboo, WI 53913

(608) 356-7212

Kay Jewelers Outlet

210 Gasser Rd, Baraboo, WI 53913

(608) 253-9802

Hill's Gallery & Gifts

121 4th St, Baraboo, WI 53913

(608) 356-8383

Fletcher Repair

714 7th St, Baraboo, WI 53913

(608) 356-2515

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.