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 Fort Gaines 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.

G E Morgan Jeweler

108 W Court Sq, Abbeville, AL 36310

(334) 585-3495

Court Square Jewelers Inc

632 Dothan Rd, Abbeville, AL 36310

(334) 585-2281

Whitlock Jewelry Store

124 E Broad St, Eufaula, AL 36027

(334) 687-4806

Johnston Jewelry Store

141 E Broad St, Eufaula, AL 36027

(334) 687-8253

John's Jewelry

7 Grove St, Headland, AL 36345

(334) 693-9795

Ringsandmore.net

box 18, cowarts, AL 36321

(334) 796-4475

Christopher's Diamond & Jewelry Salon

2373 S US Highway 231, Ozark, AL 36360

(334) 774-1008

Harbin Jewelers

1394 S US Highway 231 Ste 7, Ozark, AL 36360

(334) 774-4427

Show Gun & Pawn Inc

1120 Andrews Ave, Ozark, AL 36360

(334) 774-4700

Lannie's Pretty Lil Gems

317 S Union Ave, Ozark, AL 36360

(334) 774-2900

Diamondz & Pearlz Boutique

990 Saint Johns Rd, Gordon, AL 36343

(334) 701-5065

Goldfinger

4177 Montgomery Hwy Ste 6, Dothan, AL 36303

(334) 699-4653

Super Pawn Center

2322 Ross Clark Cir, Dothan, AL 36301

(334) 793-2400

Kay Jewelers

900 Commons Dr Suite 301, Dothan, AL 36303

(334) 792-1602

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.