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 Groves 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.

Triangle Pawn

3400 Twin City Hwy, Groves, TX 77619

(409) 963-3344

Triangle Pawn

3400 Twin City Hwy, Groves, TX 77619

(409) 963-3344

First American Exchange

1417 Magnolia Ave Ste C, Port Neches, TX 77651

(409) 853-1022

Zales

3100 Highway 365, Port Arthur, TX 77642

(409) 727-2422

EZ Pawn

3427 N Twin City Hwy, Port Arthur, TX 77642

(409) 963-3711

Goldwiser

4997 N Twin City Hwy, Port Arthur, TX 77642

(713) 568-2468

Kay Jewelers

3100 Highway 365 Suite 47, Port Arthur, TX 77642

(409) 722-0790

Lone Star Pawn

2409 Nederland Ave, Nederland, TX 77627

(409) 727-6411

Gordon's Jewelers

CENTRAL Mall, Port Arthur, TX 77627

(409) 727-4531

Golden Triangle Associates

109 N 12th St, Nederland, TX 77627

(409) 853-4302

Vintage World Coin

1308 Boston Ave, Nederland, TX 77627

(409) 347-8698

Texas Gold & Silver Exchange

1816 Nederland Ave, Nederland, TX 77627

(409) 237-5224

United Check Cashing

2007 Avenue N, Nederland, TX 77627

(409) 724-2543

Texas Gold & Silver Exchange

2440 N Bourque Ct, Nederland, TX 77627

(409) 422-0070

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.