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 Lenoxville 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.

David Elizabeth Jewelry

2269 Tingley St, Kingsley, PA 18826

(570) 434-4020

Art Strands Jewelry & Gifts

5 Park Pl, Carbondale, PA 18407

(570) 282-4096

Jewelry Traders

1600 Main St, Peckville, PA 18452

(570) 489-1100

Vintage Gold and Coin

1620 Main St, Olyphant, PA 18447

(570) 487-1106

Alan's Coins

414 Lackawanna Ave, Olyphant, PA 18447

(570) 489-2646

Gold-N-Edge

1253 Scranton Carbondale Hwy, Blakely, PA 18447

(570) 382-3602

Finger Fashions Inc

1606 Newton Ransom Blvd, Clarks Summit, PA 18411

(570) 587-4835

Hoffman Diamond Products Inc

106 Yale Blvd, Clarks Green, PA 18411

(570) 586-5540

Pronko Steve Diamond Inc & Fine Jewelry

817 Boulevard Ave, Scranton, PA 18519

(570) 489-0951

Immediate Cash For Gold

101 Pittston Ave Ste 5, Scranton, PA 18505

(570) 955-5420

Gold Buyers At The Mall

100 Viewmont Mall, Scranton, PA 18508

(570) 344-3868

Silver & Gold Connection

24 Viewmont Mall, Scranton, PA 18508

(570) 963-7540

J B Jewelers

524 moosic st., Scranton, PA 18505

(570) 969-2524

Zales

718 Viewmont Mall, Scranton, PA 18508

(570) 969-6096

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.