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 Englewood 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.

Suncoast Gold & Silver

11 W Green St, Englewood, FL 34223

(941) 474-3400

Southwest Florida Coin Jewelry & Collectibles

140 N Indiana Ave, Englewood, FL 34223

(941) 475-4740

Young's Creative Jewelry

2828 S McCall Rd Ste 346, Englewood, FL 34224

(941) 475-0507

Ambassador Estate Jewelry

148 S Indiana Ave, Englewood, FL 34223

(941) 475-3433

Young's Creative Jewelry

2828 S McCall Rd Ste 46, Englewood, FL 34224

(941) 475-0507

Silver Lining Jewelers

212 Casey Key Rd, Nokomis, FL 34275

(941) 451-1830

Venice Estate Jewelry & Loan

1940 Tamiami Trl S, Venice, FL 34293

(941) 493-3200

Cash Four Your Gold

2242 Tamiami Trl S, Venice, FL 34293

(941) 412-4663

Andys Cash For Gold

440 US Highway 41 Byp N, Venice, FL 34285

(941) 451-8103

Coins & Classic Collectables by Classic Creations

2389 Tamiami Trl S, Venice, FL 34293

(941) 497-6331

Nic Nac Nook Jewelers

507 Tamiami Trl S, Venice, FL 34285

(941) 488-7007

Venice Estate Jewelry & Loan

1940 Tamiami Trl S, Venice, FL 34293

(941) 493-3200

Shrode Jewelry

233 W Venice Ave, Venice, FL 34285

(941) 488-3119

Raburn Jewelers

2173 Tamiami Trl S, Venice, FL 34293

(941) 493-5773

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.