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 Germanton 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.

Gilley's Jewelry

264 Summit Square Blvd, Winston Salem, NC 27105

(336) 283-4282

Helzberg

3320 Silas Creek Pkwy, Winston Salem, NC 27103

(336) 659-9778

Schiffman's Jewelers

137 S Stratford Rd, Winston Salem, NC 27104

(336) 725-1911

Windsor Jewelers

526 S Stratford Rd, Winston Salem, NC 27103

(336) 722-9953

Discount Gold Inc

4263 N Patterson Ave, Winston Salem, NC 27105

(336) 661-9388

Deva Fine Jewelry

49 Miller St, Winston Salem, NC 27104

(336) 723-4022

Long Jewelers

378 E Hanes Mill Rd, Winston Salem, NC 27105

(336) 377-2433

Kay Jewelers

3320 Silas Creek Pkwy Suite 216, Winston Salem, NC 27103

(336) 765-4432

Long Jewelers

5900 University Pkwy, Winston Salem, NC 27105

(336) 377-2433

Terry's Gold Mine

1612 S Hawthorne Rd, Winston Salem, NC 27103

(336) 765-4297

Deva Fine Jewelry

924 Burke St, Winston Salem, NC 27101

(336) 723-4022

Lee's Custom Jewelry

4842 Country Club Rd, Winston Salem, NC 27104

(336) 659-4448

Jared - Galleria of Jewelry

1976 S Stratford Rd, Winston Salem, NC 27103

(336) 765-7779

Vandy Jewelers

947 Hanes Mall Blvd, Winston Salem, NC 27103

(336) 659-1968

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.