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 Henry 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.

Rocky Mount Golden Silver

19828 Virgil H Goode Hwy, Rocky Mount, VA 24151

(540) 482-0086

Sugar Daddy's Jewelry Pawn

1537 Franklin St, Rocky Mount, VA 24151

(540) 238-2303

Ye Olde Coin Shoppe

119 E Blue Ridge St, Stuart, VA 24171

(276) 694-3530

Loranjoy

109 E Matthews St, Stoneville, NC 27048

(336) 573-3590

Stoneville GNS

115 S Henry St, Stoneville, NC 27048

(336) 573-1233

Eden Jewelry & Repair

234 E Meadow Rd, Eden, NC 27288

(336) 623-1511

It's Fashion

645 S Van Buren Rd, Eden, NC 27288

(336) 627-1885

Trade It

730 S Van Buren Rd, Eden, NC 27288

(336) 627-6673

Ernest Coin Shop

417 S 2nd Ave, Mayodan, NC 27027

(336) 427-3232

Yonces Coins

5411 Williamson Rd, Roanoke, VA 24012

(540) 362-4437

Roanoke Coin Exchange

640 Brandon Ave SW, Roanoke, VA 24015

(540) 982-8587

NCB Enterprises

1512 Hollins Rd NE, Roanoke, VA 24012

(540) 537-4521

Creative Cat LLc

2316 Orange Ave NE, Roanoke, VA 24012

(540) 266-4147

The Jewelry Exchange

2615 Orange Ave NE, Roanoke, VA 24012

(540) 904-7298

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.