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 Henrietta 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.

Battisti's Salon & Day Spa

2575 Chili Ave, Rochester, NY 14624

(585) 426-3030

Gem Lab The

4098 W Henrietta Rd, Rochester, NY 14623

(585) 359-3900

East Ridge Gold and Diamond Buyers

213 E Ridge Rd, Rochester, NY 14621

(585) 342-9190

Ny Gold & Diamond

1635 E Henrietta Rd Ste 3, Rochester, NY 14623

(585) 286-9111

Jewelry Lab

354 Greece Ridge Center Dr, Rochester, NY 14626

(585) 227-8940

Trilliant Jewelers

113 Pattonwood Dr Stutson Bridge Plaza, Rochester, NY 14622

(585) 338-1020

The Source Fine Jewelers

3300 Monroe Ave #100, Rochester, NY 14618

(585) 586-9145

Rocgold / Lyell & Mt Read

1338 Lyell Ave, Rochester, NY 14606

(585) 880-3769

TomeTraders.com

147 Clay Rd., Bldg. #1, Rochester, NY 14623

(585) 978-9006

Ridge Coin & Gold Exchange

945 Jefferson Rd, Rochester, NY 14623

(585) 234-5678

Gold Depot

657 Titus Ave, Rochester, NY 14617

(585) 424-4653

Rochester Gold & Diamonds

1440 Dewey Ave, Rochester, NY 14615

(585) 424-4653

Rochester Gold and diamond

657 Titus Ave, Rochester, NY 14617

(585) 424-4653

All Things Antiques and Collectibles

2788 Dewey Ave, Rochester, NY 14616

(585) 647-9320

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.