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 Presa 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.

Simon's Loan & Jewelry

7771 Broadway, Lemon Grove, CA 91945

(619) 462-6866

San Diego Buying Group

4720 Palm Avenue, La Mesa, CA 91941

(619) 461-0600

Blumenthal Jewelers

8353 La Mesa Blvd, La Mesa, CA 91942

(619) 335-1807

Gold Buyers We Pay More!

7777 Alvarado Rd Ste 200, La Mesa, CA 91942

(858) 597-0050

Leo Hamel Fine Jewelers

9320 Fuerte Dr, La Mesa, CA 91941

(619) 644-0000

Leo Hamel Estate Jewelry Buyers

9461 Grossmont Summit Dr, La Mesa, CA 91941

(619) 644-0000

Simon & Simon Jewelry And Loan

139 E 8th St, National City, CA 91950

(619) 477-6404

Payday Advance

1610 Highland Ave, National City, CA 91950

(619) 336-9500

Payday Advance

936 Highland Ave, National City, CA 91950

(619) 477-2284

Roberto's Pawn

560 Highland Ave., National City, CA 91950

(619) 474-2222

Express Pawn Shop

1050 Highland Ave Ste E, National City, CA 91950

(619) 474-5566

Monte de Piedad

2720 E. Plaza Blvd, National City, CA 91950

(619) 475-7500

Silver Store Jewelry & Loan

415 Parkway Plz, El Cajon, CA 92020

(619) 593-7591

Bargain Jewelry Resale

1057 Broadway, El Cajon, CA 92021

(619) 441-2800

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.