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 Iron Ridge 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.

Douglas Jeweler

30 N Main St, Hartford, WI 53027

(262) 673-6443

Frankly Fabyoulous Jewelry

1558 Woodruff Way, Hartford, WI 53027

(262) 224-8237

J M Jewelry

1100 E Commerce Blvd, Slinger, WI 53086

(262) 644-0999

Mainly Gold

730 E Washington St # 12, Slinger, WI 53086

(262) 644-4653

Knowles Gold & Silver

W2186 County Road Y, Lomira, WI 53048

(920) 269-1205

Knowles Gold & Silver

W2186 Cty Y #2, Knowles, WI 53048

(920) 269-1205

Beaver Dam Gold & Coin

129 Park Ave., Beaver Dam, WI 53916

(920) 246-8282

Freber's Jewelry

1740 N Spring St, Beaver Dam, WI 53916

(920) 885-5055

Len's Diamond Center Inc

110 Front St, Beaver Dam, WI 53916

(920) 887-8296

West Bend Coin & Collectibles

130 N Main St, West Bend, WI 53095

(262) 338-2646

American Gold & Gems

106 N Main St, West Bend, WI 53095

(262) 338-4590

West Bend Coin & Collectibles

130 N Main St, West Bend, WI 53095

(262) 338-2646

West Bend Coin & Collectibles

130 N Main St, West Bend, WI 53095

(262) 338-2646

Kolomon Enterprises

130 N Main St, West Bend, WI 53095

(262) 338-2646

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.