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 Groton 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.

Noa Jewelry & Hand Crafts

157 Main St, Groton, MA 01450

(978) 448-0990

Nashoba Coin & Stamp

26 Park St, Pepperell, MA 01463

(978) 433-5595

Squirrel-Eze

160 South Rd, Pepperell, MA 01463

(978) 433-9962

Focused Laser Solutions

2 Shaker Rd Ste E100, Shirley, MA 01464

(978) 425-6601

Runway Glitz Jewelry

92 Groton Rd, Shirley, MA 01464

(978) 732-0077

The Turquoise Mine Jewelry Gallery

294 Great Road, Littleton, MA 01460

(508) 983-4041

NES National Emblematic

180 Harwood Ave, Littleton, MA 01460

(978) 952-6710

Country Side Trading

287 Great Rd, Littleton, MA 01460

(978) 486-0015

Diamond Jewelry

190 Littleton Rd Ste F, Westford, MA 01886

(978) 692-7711

Townsend Fine Jewelry

222 Main St, Townsend, MA 01469

(978) 597-0000

Townsend Fine Jewelry

33 Turner Rd, Townsend, MA 01469

(978) 597-0000

Cash For Gold Nashua

404 Middlesex Rd, Tyngsboro, MA 01879

(978) 226-5087

SRP Cash for Gold

19 Vinal Sq, North Chelmsford, MA 01863

(978) 251-9994

Diane Meehan

102 Wightman St, North Chelmsford, MA 01863

(617) 686-0786

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.