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 Hayes 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.

Benchworks Fine Jewelers

238 W Prien Lake Rd, Lake Charles, LA 70601

(337) 478-0477

Kay Jewelers

620 W Prien Lake Rd, Lake Charles, LA 70601

(337) 480-0550

Gordon's Jewelers

524 W Prien Lake Rd, Lake Charles, LA 70601

(337) 477-6468

Jim Price Fine Jewelers

1746 West Prien Lake Rd, Lake Charles, LA 70601

(337) 478-3953

Louviere's Fine Jewlery

123 W College St, Lake Charles, LA 70605

(337) 477-4400

Bijoux Jewelry Design

4070 Nelson Rd Ste 600, Lake Charles, LA 70605

(337) 478-0770

Kay Jewelers

676 W Prien Lake Rd, Lake Charles, LA 70601

(337) 480-0550

Kay Jewelers

496 W Prien Lake Rd, Lake Charles, LA 70601

(337) 480-0550

Jim Price Jewelers

4949 E Saint Charles Ave, Lake Charles, LA 70605

(337) 478-3953

Chad's Pawn Shop

1720 Broad St, Lake Charles, LA 70601

(337) 436-0892

Accessory Zone

2910 Ryan St, Lake Charles, LA 70601

(337) 493-8529

Derrick's Watch Repair

202 W Prien Lake Rd, Lake Charles, LA 70601

(337) 474-5050

Glitz Inc

645 Petro Point Dr, Lake Charles, LA 70607

(337) 478-3304

Big A Pawn Shops

817 E Prien Lake Rd, Lake Charles, LA 70601

(337) 478-9643

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.