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 Hillman 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.

John Henry's Coins & Antiques

209 N 2nd Ave, Alpena, MI 49707

(989) 354-6036

Peebles

2676 US Highway 23 S, Alpena, MI 49707

(989) 354-4637

Alpine Gold & Silver Exchange

1363 W Main St, Gaylord, MI 49735

(989) 448-2400

Kay Jewelers

856 Edelweiss Village Pkwy, Gaylord, MI 49735

(989) 705-7112

Spy Tattoos LLC

403a W.main street, gaylord, MI 49735

(989) 858-6553

Alley Cat Bead Company

1821 S. Otsego Ave., Gaylord, MI 49735

(989) 705-2733

Hogan's Jewelers Inc

311 W Main St, Gaylord, MI 49735

(989) 732-4444

Goldenrod Of Indian River

3596 S Straits Hwy, Indian River, MI 49749

(231) 238-9006

Coming Attractions Gift & Jewelry

410 E Main St, Harrisville, MI 48740

(989) 724-3400

Davis Jewelers

235 E Michigan Ave, Grayling, MI 49738

(989) 348-5111

Reusch Jewelry

318 N Main St, Cheboygan, MI 49721

(231) 627-5342

Andres Custom Jewelry

300 N Main St, Cheboygan, MI 49721

(231) 627-9767

Rogers Jewelry

227 N Main St, Cheboygan, MI 49721

(231) 627-4653

Andres Custom Jewelry

300 Mill St Ste 8, Cheboygan, MI 49721

(231) 627-9767

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.