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 La Motte 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.

Ray's Jewelry Inc

134 S Main St, Maquoketa, IA 52060

(563) 652-4681

Bracelets By Barbara

402 N Arcade St, Maquoketa, IA 52060

(563) 564-5513

Galena Beads

109 N Main St, Galena, IL 61036

(815) 777-4080

D & D Coins

405 N Division St, Galena, IL 61036

(815) 777-1813

La Belle Epoque

306 S Main St, Galena, IL 61036

(815) 777-2367

Dondi Enterprises

53 Croydon Crst, Dubuque, IA 52001

(563) 583-6313

Liberty Coin Company

1870 Asbury Rd, Dubuque, IA 52001

(563) 557-1001

Crow's Nest Tattoo

169 Main St, Dubuque, IA 52001

(563) 589-0169

Zales

555 John F Kennedy Rd, Dubuque, IA 52002

(563) 583-5733

Kay Jewelers

555 John F Kennedy Rd Unit 270, Dubuque, IA 52002

(563) 557-9233

Dubuque Coin & Antique

1828 Carter Rd, Dubuque, IA 52001

(563) 557-1407

The Jewelry Box

245 W 1st St, Dubuque, IA 52001

(563) 583-5249

McCoy Jewelers

261 Main Street, Dubuque, IA 52001

(563) 556-5325

Rockdale Remnants Antiques & Collectables

2601 Rockdale Rd, Dubuque, IA 52003

(563) 588-2211

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.