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 Jessieville 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.

Banna's Fine Jewelry

4656 N Highway 7 Ste H, Hot Springs Village, AR 71909

(501) 984-5000

Central Arkansas Gold Silver & Coin

2922 Central Ave, Hot Springs National Park, AR 71913

(501) 609-9992

Gold & Silver Exchange

3026 Central Ave, Hot Springs National Park, AR 71913

(501) 623-4653

Pak Plaza Pawn & Sport Shop

3601 Central Ave, Hot Springs National Park, AR 71913

(501) 623-7561

Lauray's The Diamond Center

402 Central Ave, Hot Springs National Park, AR 71901

(501) 321-2441

Arkansas Gold & Diamond Exch

3302 Central Ave, Hot Springs National Park, AR 71913

(501) 463-4235

Alboe Inc dba Mid South Gold

3555 Malvern Rd, Hot Springs National Park, AR 71901

(501) 262-9822

270 Pawn

4430 Albert Pike Rd, Hot Springs National Park, AR 71913

(501) 767-2408

7 South Pawn Shop

5737 Central Ave, Hot Springs National Park, AR 71913

(501) 525-6666

Central Gold Silver & Coin

454 Broadway St, Hot Springs National Park, AR 71901

(501) 624-2646

Nwa Gold & Silver

3955 Central Ave, Hot Springs National Park, AR 71913

(501) 520-5550

Pak Plaza Pawn & Sport Shop

3601 Central Ave, Hot Springs National Park, AR 71913

(501) 781-0328

Lauray's The Diamond Center

402 Central Ave, Hot Springs National Park, AR 71901

(501) 321-2441

Crystal Springs Mining Co & Gallery

620 Central Ave, Hot Springs National Park, AR 71901

(501) 623-2323

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.