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 Kenmore 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.

Cash America Pawn

7016 NE Bothell Way, Kenmore, WA 98028

(425) 205-2200

Cash America Pawn

7016 NE Bothell Way Suite A, Kenmore, WA 98028

(425) 318-3080

Pawn X Change - CLOSED

7016 NE Bothell Way, Kenmore, WA 98028

(425) 205-2200

Cash America

7016 NE Bothell Way, Kenmore, WA 98028

(425) 205-2200

Kenmore Jewel Box

6524 NE 181st St Ste 7, Kenmore, WA 98028

(425) 486-5073

Sparkling Promises Inc

19017 Kenlake Pl NE, Kenmore, WA 98028

(425) 894-6934

MAS Bracelets

PO Box 82067, Kenmore, WA 98028

(206) 399-1307

Hafoco, Inc.

19224 22nd Avenue, Bothell, WA 98012

(425) 409-3852

Bothell GOLD TRADER

10009 Main Street, Bothell, WA 98011

(425) 246-2304

Olson Design

10034 Main St, Bothell, WA 98011

(425) 489-0617

Mojoii

15933 23rd Ln SE, Mill Creek, WA 98012

(206) 965-0240

Tic Tac Toe Rings

10709 A203 Valley View Rd, Bothell, WA 98011

(425) 770-5265

Mill Creek Jewelers

16306 Bothell-Everett Hwy, Mill Creek Plaza, Bothell, WA 98012

(425) 745-5122

Bob & Ruby's Boxes

303 217th Pl SW, Bothell, WA 98021

(425) 481-0119

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.