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 Fenwick Island 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.

Atlantic Gold

INLET Vlg, Ocean City, MD 21842

(410) 289-4848

D A Kozma LTD

9936 Stephen Decatur Highway #10, Ocean City, MD 21842

(410) 524-4653

Free As A Bird

401 S Atlantic Ave, Ocean City, MD 21842

(410) 289-5002

Liljenquist & Beckstead

115 St Gold Coast Mall, Ocean City, MD 21842

(410) 524-0979

OC Jewelers

9927 Stephen Decatur Hwy G6, Ocean City, MD 21842

(410) 390-8093

D A Kozma Ltd

9936 Stephen Decatur Hwy Ste 403, Ocean City, MD 21842

(410) 213-7505

D A Kozma LTD

12741 Ocean Gtwy Ste 610, Ocean City, MD 21842

(410) 524-4653

Buddhas Beads

12638 Ocean Gtwy, Ocean City, MD 21842

(410) 213-7008

D A Kozma LTD

9963 Stephen Decatur Hwy #10, Ocean City, MD 21842

(410) 213-7505

Grand Jewelry

2100 N Baltimore Ave, Ocean City, MD 21842

(410) 289-8698

Kay Jewelers Outlet

12741 Ocean Gtwy Suite 640, Ocean City, MD 21842

(410) 213-1601

Somerset Jewelers Inc

412 S Atlantic Ave, Ocean City, MD 21842

(410) 289-7011

Ideas Unlimited

10100 Coastal Hwy, Ocean City, MD 21842

(410) 524-5191

Sanibal Jewelry

401 S Atlantic Ave Ste RAMPR, Ocean City, MD 21842

(410) 289-5002

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.