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 Glen Burnie 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.

Kay Jewelers

6711 Ritchie Hwy Ste 221, Glen Burnie, MD 21061

(410) 760-3269

PH Lee Jewelry

54 Mountain Rd, Glen Burnie, MD 21060

(410) 760-5659

Altered Image

8521 Fort Smallwood Rd, Pasadena, MD 21122

(410) 360-3369

Goldfather of Pasedena

8154 Ritchie Hwy, Pasadena, MD 21122

(410) 544-4001

Gem Stoned Designs

8187 New Cut Rd, Severn, MD 21144

(443) 274-7163

Anne Arundal Jewelry Buyers

2622 Annapolis Rd, Severn, MD 21144

(410) 551-6360

Marc Todd Jewelers Inc

560 Ritchie Hwy Ste E, Severna Park, MD 21146

(410) 975-9557

Custom Creations

243 Moreau Ct, Severna Park, MD 21146

(410) 647-4040

Accinelli Jewelers

600 Baltimore Annapolis Blvd # 102, Severna Park, MD 21146

(410) 647-4480

Arianna's Gold Exchange

537 Ritchie Hwy, Severna Park, MD 21146

(410) 544-2011

Zales

Sp 449, Hanover, MD 21076

(443) 755-9896

Zales

7000 Arundel Mills Cir Ste 449, Hanover, MD 21076

(443) 755-9896

Crystal Palace

7000 Arundel Mills Cir, Hanover, MD 21076

(410) 579-2497

Kay Jewelers Outlet

7000 Arundel Mills Cir Space 243A, Hanover, MD 21076

(410) 579-2352

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.