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 Lake Geneva 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.

Lather And Lace

25710 NE State Road 26, Melrose, FL 32666

(352) 478-4540

Dj's Jewelry & Loan

6005 SE US Highway 301 Ste 102, Hawthorne, FL 32640

(352) 481-5511

Gold Buyers of Starke

14970 US Highway 301 S, Starke, FL 32091

(904) 964-2511

Bradford Gun & Pawn

1401 N Temple Ave, Starke, FL 32091

(904) 964-9655

Williams Jewelry

114 W Madison St, Starke, FL 32091

(904) 290-2536

Lightning Pawn

438 S Walnut St, Starke, FL 32091

(904) 964-7296

Lightning Pawn

1642 S Walnut St, Starke, FL 32091

(904) 964-7296

Gold Buyers Of Middleburg

2475 Blanding Blvd, Middleburg, FL 32068

(904) 203-2140

Gold Buyers Of Middleburg

2554 Blanding Blvd, Middleburg, FL 32068

(904) 203-2174

Legacy Numismatics

2569 County Road 220 Ste 208, Middleburg, FL 32068

(904) 272-2572

American Shooting Sports

365 College Dr, Middleburg, FL 32068

(904) 375-9832

Middleburg Pawn

2494 Blanding Blvd Ste 4, Middleburg, FL 32068

(904) 282-8178

Middleburg Pawn - CLOSED

3931 Lake Crest Ter, Middleburg, FL 32068

(904) 291-1217

14K Gold & Diamond Ctr

110 N 19th St, Palatka, FL 32177

(386) 336-2409

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.