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 Genoa 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.

Karri Piazza

2606 Baumgartner Dr, La Crosse, WI 54603

(608) 781-3652

Fred Meyer Jewelers

3800 State Road 16 Ste 151, La Crosse, WI 54601

(608) 779-9712

Designing Jewelers

314 4th St S, La Crosse, WI 54601

(608) 782-4499

Kay Jewelers

3800 State Road 16 Suite 125, La Crosse, WI 54601

(608) 781-1788

Rogers Enterprises Inc

3800 State Road 16 # 173, La Crosse, WI 54601

(608) 781-9300

Howes Diamond Jewelers

324 Main St, La Crosse, WI 54601

(608) 785-1441

Piercing Pagoda

3800 State Road 16 Ste 3502, La Crosse, WI 54601

(608) 783-1177

Crazy Frank's

611 S US Hwy 61, Readstown, WI 54652

(608) 629-5186

Mark Jewellers

2928 Market Pl Ste 169, Onalaska, WI 54650

(608) 788-9990

Gem Shop & Diamond Source

110 Main St, Gays Mills, WI 54631

(608) 624-6667

Elliott Jewelers

31 W Main St, Waukon, IA 52172

(563) 568-3661

Jostens

510 Amy Dr, Holmen, WI 54636

(608) 526-2100

Sparta Gold Exchange

418 W Wisconsin St, Sparta, WI 54656

(608) 269-0030

Biederman Jewelers

109 S Water St, Sparta, WI 54656

(608) 269-8131

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.