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 Franklin 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.

Heavenly Creations

9004 E Admiral Doyle Dr, Jeanerette, LA 70544

(337) 276-5692

The Silver Nickel OLD TIME GENERAL STORE

3095 1st Street, Berwick, LA 70342

(985) 519-2830

Klutts L W Jewelers

924 7th St, Morgan City, LA 70380

(985) 384-8919

Charlie's Pawn Shop

7212 Highway 182 E, Morgan City, LA 70380

(985) 384-7296

Klutts L W Jewelers

924 7th St, Morgan City, LA 70380

(985) 384-8919

Brown's Jewelers

6421 Highway 182 E, Morgan City, LA 70380

(985) 385-0516

Charlie's Pawn Shop

7212 Highway 182 E, Morgan City, LA 70380

(985) 384-7296

Family Pawn & Jewelry Inc

1115 7th St, Morgan City, LA 70380

(985) 384-2152

It's Fashion

851 Highway 90 E, Morgan City, LA 70380

(985) 399-2599

Bailey Sherry

2610 Fir Dr, Morgan City, LA 70380

(985) 385-2223

Sherry's Intuitions

111 Everett St, Morgan City, LA 70380

(985) 385-1111

Bayou State Pawn & Jewelry

805 S Lewis St, New Iberia, LA 70560

(337) 365-7296

Acadiana Pawn Shop

321 N Landry Dr, New Iberia, LA 70560

(337) 367-0610

Gold Xchange

616 S Lewis St, New Iberia, LA 70560

(337) 321-6395

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.