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 Fennville 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.

Klinge & Company

6172 Riverside Rd, Fennville, MI 49408

(269) 857-1025

Phillip & Son

25 Center St, Douglas, MI 49406

(269) 857-8738

Newb's

360 Water St, Douglas, MI 49406

(269) 857-1001

Choo Choo Boutique

2902 Blue Star Memorial Hwy, Douglas, MI 49406

(269) 857-3737

Koorey Creations

104 Hoffman St, Saugatuck, MI 49453

(269) 857-8050

Alexandra Winslow

125 Mason St, Saugatuck, MI 49453

(269) 857-2752

Klinge And Company

6172 Riverside Dr, Saugatuck, MI 49453

(269) 857-1025

Fresh Produce

201 Culver St, Saugatuck, MI 49453

(269) 857-4213

Art Glass Alcove

142 Butler St, Saugatuck, MI 49453

(269) 857-3431

Sanborns

109 Butler St, Saugatuck, MI 49453

(269) 857-3120

Earth Echo

403 Water St # A, Saugatuck, MI 49453

(616) 283-8781

Rebecca Wallace Premier Dsgns

719 Linn St, Allegan, MI 49010

(269) 686-2227

Hathaway Cottage & Gifts

106 Locust St, Allegan, MI 49010

(269) 355-1411

Totem Products

6595 103rd Ave, South Haven, MI 49090

(269) 637-0337

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.