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 Locust Grove 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.

Dan's Jewelry & Pawn

5390 Lyndon Dr Unit B, Locust Grove, VA 22508

(540) 972-2618

Culpeper Pawnbroker

255 Southgate Shopping Ctr, Culpeper, VA 22701

(540) 829-7296

Daniel's Coins

1023 Caroline St, Fredericksburg, VA 22401

(540) 693-6030

Fines Coins

925 Caroline St, Fredericksburg, VA 22401

(540) 371-5077

Pawn King

4521 Plank Rd Ste A, Fredericksburg, VA 22407

(540) 785-7474

Spotsylvania Gold & Pawn Inc

5049 Jefferson Davis Hwy, Fredericksburg, VA 22408

(540) 786-2500

Collector's Den

717 Caroline St, Fredericksburg, VA 22401

(540) 373-2430

Gold Deposit

137 Spotsylvania Mall, Fredericksburg, VA 22407

(703) 343-6964

Fredericksburg Pawn Shop

447 Jefferson Davis Hwy, Fredericksburg, VA 22401

(540) 371-7835

Cash Palace Pawn Shop

511 Jefferson Davis Hwy, Fredericksburg, VA 22401

(540) 834-4200

Helzberg

3102 Plank Rd, Fredericksburg, VA 22407

(540) 786-8242

Zales

3102 Plank Rd, Fredericksburg, VA 22407

(540) 786-3519

B & B Pawnbrokers

4420 Lafayette Blvd, Fredericksburg, VA 22408

(540) 891-8850

Diamonds & Designs Jewelers

3589 Plank Rd, Fredericksburg, VA 22407

(540) 786-9509

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.