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 Index 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.

Karhma's Jeweled Creations

1429 Avenue D, Snohomish, WA 98290

(425) 320-6993

Berens & Co

5501 Mero Rd, Snohomish, WA 98290

(425) 220-3854

Heather Fenske Independent

11704 37th St SE, Snohomish, WA 98290

(425) 238-2925

Dani Lorain Charles

6508 145th St SE, Snohomish, WA 98296

(425) 350-6193

Pavonine Studios

17014 Broadway Ave, Snohomish, WA 98296

(360) 668-5342

Elfstone Celtic Jewelry

1429 Avenue D PMB 402, Snohomish, WA 98290

(360) 568-1801

Seven One Two

20323 118th St SE, Snohomish, WA 98290

(425) 308-2110

Kaleidoscope Jewelry

17420 100th Ave SE, Snohomish, WA 98296

(425) 308-5534

Castle Jewelry

35715 SE Crest View Loop, Snoqualmie, WA 98065

(425) 996-8765

golden coin jewelry & loan

8050 Rail road ave, North Bend, WA 98045

(425) 292-0694

Joelene Rice

16816 426th Pl SE, North Bend, WA 98045

(425) 246-0567

Danielle's Silver

15320 NE 198th St, Woodinville, WA 98072

(425) 753-2077

Foxfire Jewelers

14176 NE Woodinville Duvall Rd, Woodinville, WA 98072

(425) 485-0625

JM Fashion Consultant Custom Jewelry Designer

14914 NE 177th Dr, Woodinville, WA 98072

(425) 483-0423

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.