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 Hiram 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.

Stella & Dot

10821 Bluestone Lake Dr, Mantua, OH 44255

(216) 650-4382

Rusty Vault Coin Co

8100 Main St, Garrettsville, OH 44231

(330) 527-9057

Bonitas International

12383 Kinsman Rd, Newbury, OH 44065

(440) 564-9666

Princeton Enterprises Limited

12242 Kinsman Rd, Newbury, OH 44065

(440) 564-7411

Zales

549 S Chillicothe Rd Ste 390, Aurora, OH 44202

(330) 995-0069

Kay Jewelers

7175 N Aurora Rd, Aurora, OH 44202

(330) 995-1583

Peace Unique Jewelry Designs

101 New Hudson Rd, Aurora, OH 44202

(330) 995-0023

Pretty Wired Up Jewelry

455-34 Hill Dr, Aurora, OH 44202

(330) 562-2723

Peter Andrew Designs Inc

260 Lena Dr, Aurora, OH 44202

(330) 562-1414

Let It Be Beading

PO Box 28, West Farmington, OH 44491

(330) 889-9517

Karl's Jewelry

PO Box 65, Middlefield, OH 44062

(440) 632-5291

Country Arts & Jewelry

15864 Nauvoo Rd Frnt, Middlefield, OH 44062

(440) 632-5343

Karl's Jewelry

15962 E High St, Middlefield, OH 44062

(440) 632-5291

Collector's Palace

9274 State Route 43, Streetsboro, OH 44241

(330) 626-2464

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.