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 Evanston 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.

Windy City Jewelry & Loan

959 Howard St, Evanston, IL 60202

(847) 957-8993

Windy City Jewelry & Loan

959 Howard St, Evanston, IL 60202

(847) 957-8993

Windy City Jewelry & Loan

959 Howard St, Evanston, IL 60202

(847) 957-8993

Peggie Robinson Designs

1601 Payne St, Evanston, IL 60201

(847) 475-2121

Seejanesparkle

817A Chicago Ave, Evanston, IL 60202

(847) 859-6017

Christopher Duquet Fine Jewelry

1224 Chicago Ave Ste 102, Evanston, IL 60202

(847) 733-0656

Ayla's Originals

1511 Sherman Ave, Evanston, IL 60201

(847) 328-4040

Aa Classic Jewelers & Loan

959 Howard St, Evanston, IL 60202

(847) 475-7296

Elite Precious Metals

1723 Howard St, Evanston, IL 60202

(847) 866-0916

Korsage-Brown Steff

915 Fowler Ave, Evanston, IL 60202

(847) 866-0286

Fuenfer Jewelers Inc

124 Skokie Blvd, Wilmette, IL 60091

(847) 256-9444

Village Loan & Jewelry

1409 Lake Ave, Wilmette, IL 60091

(847) 251-8888

Barbara Handlon Designer-Fine

903 Ridge Rd Ste 203, Wilmette, IL 60091

(847) 256-6636

Skokie Cash Jewelry & Pawn

4859 Dempster St, Skokie, IL 60077

(847) 481-6620

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.