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 Eureka 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.

Rickie's D-Zigns

37320 132nd St, Mina, SD 57451

(605) 226-0490

Larsen's Jewelry

211 N Main St, Mobridge, SD 57601

(605) 845-3759

Rolling Plains Sales

315 N Main St, Mobridge, SD 57601

(605) 845-7780

Aberdeen Gold & Silver

12 6th Ave SW, Aberdeen, SD 57401

(605) 725-6224

EZ Pawn

1003 6th Ave SE, Aberdeen, SD 57401

(605) 262-0902

Gold N Gems Super City Mall

2201 6th Ave SE Ste 5, Aberdeen SD, 57401, Aberdeen, SD 57401

(605) 262-0952

Heiser's Jewelry

Aberdeen Mall, Aberdeen, SD 57401

(605) 225-6705

The Fatima Project

38560 127th St, Aberdeen, SD 57401

(888) 971-2467

Jostens

2420 Pheasant Run Blvd, Aberdeen, SD 57401

(605) 225-0830

Heiser's Jewelry

3315 6th Ave SE Ste 53, Aberdeen, SD 57401

(605) 225-6705

Anthony Jewelers

923 6th Ave SE Ste A, Aberdeen, SD 57401

(605) 225-9408

Nadine's Knacks

602 Walnut St Box 74, Hecla, SD 57446

(605) 994-2147

Crcrystalsplus

2008 Main Ave, Oakes, ND 58474

(701) 793-3071

Lori's Pharmacy

PO Box 347, Groton, SD 57445

(605) 397-2363

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.