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 Henley 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.

Jody's Timeless Treasures

302 Witt Rd, Eldon, MO 65026

(573) 392-5241

Bead Beach

1804 S Business 54, Eldon, MO 65026

(573) 557-2323

Eldon Hobby & Video

1804 S Business 54, Eldon, MO 65026

(573) 392-4541

Henley Jewelers Inc

202 S Maple St, Eldon, MO 65026

(573) 392-4511

Zales

200 Capitol Ct, Jefferson City, MO 65101

(573) 893-4001

Zales

3600 Country Club Dr Ste 300, Jefferson City, MO 65109

(573) 893-4001

Trim's Pawn Store

1101 Missouri Blvd, Jefferson City, MO 65109

(877) 790-7551

The Blue Diamond

1803 Missouri Blvd Ste A, Jefferson City, MO 65109

(573) 634-4241

Kay Jewelers

3600 Country Club Dr Suite 300, Jefferson City, MO 65109

(573) 634-0045

Kas A Designs

308 W Dunklin St, Jefferson City, MO 65101

(573) 634-8198

Gold Buyers Of America

3600 Country Club Dr Ste 312, Jefferson City, MO 65109

(573) 681-0318

Illinois Gold Rush

1015 Madison St, Jefferson City, MO 65101

(573) 761-0602

Show-Me Gold & Silver

3600 county club drive, jefferson city, MO 65109

(573) 896-5114

Sayheyy

520 Ellis Blvd Ste K, Jefferson City, MO 65101

(573) 635-1744

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.