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 Lincoln Park 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.

Fort Jewelry & Loans

1568 Fort St, Lincoln Park, MI 48146

(313) 388-0041

Platinum PawnShop

1379 Dix Toledo rd, Lincoln park, MI 48146

(313) 769-5229

Fort Jewelry & Loans

1568 Fort St, Lincoln Park, MI 48146

(313) 228-9783

Fort Jewelry & Loans

1568 Fort St, Lincoln Park, MI 48146

(313) 388-0041

Celebrity Silver

3819 Fort St, Lincoln Park, MI 48146

(313) 908-4509

Carved In Gold Inc.

3406 Fort St., Lincoln Park, MI 48146

(313) 914-4109

Engelhard West Inc

1512 John A Papalas Dr, Lincoln Park, MI 48146

(313) 382-6374

International Village

1168 Fort St, Lincoln Park, MI 48146

(313) 429-3911

Lapidary Services

P. O. Box 274, Allen Park, MI 48101

(313) 971-1978

Brennan Jewlery

7627 Allen Rd, Allen Park, MI 48101

(313) 388-1140

Lucky Wig Shop

4006 W Jefferson Ave, Ecorse, MI 48229

(313) 928-3541

Bondy's Gold & Loan

19225 Eureka Rd, Southgate, MI 48195

(734) 283-1786

Southgate GOLD MINE - CLOSED

14432 Northline Rd, Southgate, MI 48195

(734) 281-1333

Check N Gold

18855 Eureka Rd, Southgate, MI 48195

(734) 225-7676

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.