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 Herndon 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.

The Bullion Bank

4086 Airline Pkwy, Chantilly, VA 20151

(888) 359-0293

Christian Bernard

11808 Fair Oaks Mall, Fairfax, VA 20151

(703) 385-5818

Elp Louizos Goldsmiths

2972 Chain Bridge Rd Ste B, Oakton, VA 22124

(703) 281-7454

Cameo Coins & Collectibles

444 Maple Ave E, Vienna, VA 22180

(703) 281-7053

DMV Grillz & Jewelry

1934 Old Gallows Rd #350, Vienna, VA 22182

(267) 595-6660

Vienna Jewelry & Estate Buyers

320 Maple Ave E, Vienna, VA 22180

(703) 938-0000

Professional Design Jewelers

134 Maple Ave W, Vienna, VA 22180

(703) 255-2332

Penny Pincher Coins

10409-C Main Street, Fairfax, VA 22030

(703) 383-1414

Daniel Roberts Fine Jewelers

10254 Main St, Fairfax, VA 22030

(703) 951-0070

Zales

11911 Fair Lakes Shopping Ctr, Fairfax, VA 22033

(703) 277-2835

Clarion Fine Jewelry

11211 Lee Hwy Ste D, Fairfax, VA 22030

(703) 293-6206

Kay Jewelers

11739U Fair Oaks Mall Unit J210, Fairfax, VA 22033

(703) 591-4340

Hall of Fame Cards & Collectibles

11325 Seven Locks Rd Ste 15, Potomac, MD 20854

(301) 299-9201

Linnwells Limited Mail Order

1032 Willowleaf Way, Potomac, MD 20854

(301) 424-6656

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.