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 Lakebay 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.

Beadjeweler

6010 Yeazell Road Kp S, Longbranch, WA 98351

(253) 884-2681

Reverence Jewelry Design Gallery

3116 Harborview Dr, Gig Harbor, WA 98335

(253) 358-2278

Gold Coins & Relics

5287 Olympic Dr NW Unit B, Gig Harbor, WA 98335

(253) 851-4653

Reverence Jewelry Design Gallery

3116 Harborview Dr, Gig Harbor, WA 98335

(253) 358-2278

Clark's Jewelers

6946 Kimball Dr, Gig Harbor, WA 98335

(253) 851-5395

Ken Walker Jewelers

4912 Point Fosdick Dr NW, Gig Harbor, WA 98335

(253) 851-6516

Kit A Jeweler Designed For You

3104 Shyleen St, Gig Harbor, WA 98335

(253) 851-5546

Harbor Skate

3226 Harborview Dr, Gig Harbor, WA 98332

(253) 857-7433

Kreations-By-Kat LTD

4010 105th Street Ct NW, Gig Harbor, WA 98332

(253) 858-7496

Pam's Pearls

3303 Ross Ave, Gig Harbor, WA 98332

(253) 851-2190

Art Beads

11901 137th Avenue Kp N Kp N # 100, Gig Harbor, WA 98329

(253) 857-3433

Gig Harbor Beads

7700 Pioneer Way Ste 104, Gig Harbor, WA 98335

(253) 858-6750

13 Penguins

202 35th Avenue Ct NW, Gig Harbor, WA 98335

(253) 906-4004

Van Der Veen Jewelers

4711 Point Fosdick Dr NW, Gig Harbor, WA 98335

(253) 514-6791

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.