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 Exeter 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.

Thorin & Co.

716 Centre Of New England Blvd, Coventry, RI 02816

(888) 885-6367

Country Pewter

401 Arnold Rd, Coventry, RI 02816

(401) 828-9028

Eloquence Fine Jewelry and Gifts

5849 Post Rd, East Greenwich, RI 02818

(401) 885-9141

Lost Treasures

75 Main St, East Greenwich, RI 02818

(401) 885-4500

Chronomatic Jewelry Co.

20 Water St, East Greenwich, RI 02818

(401) 884-6361

Chronomatic Inc

1503 S County Trl, East Greenwich, RI 02818

(401) 884-6361

Danielles

90 Middle Rd, East Greenwich, RI 02818

(401) 619-4055

Charmed Braclets

175 Main St, East Greenwich, RI 02818

(401) 398-0972

Dugan Custom Jewelers

164 Main St, East Greenwich, RI 02818

(401) 277-2998

Charmed

200 Deerfield Dr, East Greenwich, RI 02818

(401) 884-8830

Holmes Jewelers

5670 Post Rd, East Greenwich, RI 02818

(401) 398-0771

Firstline Jewelry Products

655 Main St, East Greenwich, RI 02818

(401) 383-2522

Alex & Ani Inc

10 Briggs Dr, East Greenwich, RI 02818

(401) 884-4020

Eloquence Jewelers

164 Main St, East Greenwich, RI 02818

(401) 885-6100

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.