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 Hinckley 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.

Brilliant Choice

3651 Regency Woods Trl, Richfield, OH 44286

(330) 659-0783

Vmr

4199 Kinross Lakes Pkwy, Richfield, OH 44286

(330) 659-3993

Richfield Coin & Jewelry Exchange

4078 Broadview Rd, Richfield, OH 44286

(330) 659-0411

John Muni Jewelers

3807 Brecksville Rd Ste 3, Richfield, OH 44286

(330) 659-0063

Caterina's Fine Jewelry & Gifts

5160 Wallings Rd, North Royalton, OH 44133

(440) 582-2806

Continental Fine Jewelry

11309 State Rd, North Royalton, OH 44133

(440) 237-0838

Gardella Jewelry

7432 Julia Dr, North Royalton, OH 44133

(440) 877-9261

Anthony's Jewelry & Design

13517 W 130th St, North Royalton, OH 44133

(440) 877-9336

D'oro Jewelers

6785 Wallings Rd, North Royalton, OH 44133

(440) 838-3676

Cossel Enterprises

6185 Royalwood Rd, North Royalton, OH 44133

(440) 237-7828

Coin Co

12871 State Rd, North Royalton, OH 44133

(440) 237-2646

The Coin Company

5710 Wallings Rd, North Royalton, OH 44133

(440) 237-2646

Goldsmith Jewelers Inc

12861 State Rd, North Royalton, OH 44133

(440) 237-4500

Ekj Coins & Jewelry

13517 W 130th St, North Royalton, OH 44133

(440) 582-2686

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.