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 Longwood 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.

Gold & Silver Connections

9970 Beach Dr SW Ste 7, Calabash, NC 28467

(910) 575-5305

Jewelry By Wendy, Gallery and Gifts

10152 Beach Dr SW Suite 6, Calabash, NC 28467

(910) 575-0024

Exclusives Fine Jewelry

7290 Beach Dr SW Ste 14, Ocean Isle Beach, NC 28469

(910) 575-4711

Kay Jewelers

120 Shallotte Crossing Pkwy, Shallotte, NC 28470

(910) 755-7133

Pawn-Usa

5001 Main St Ste 4, Shallotte, NC 28470

(910) 754-7918

Britt's Jewelers

150 Holden Beach Rd SW Ste 2, Shallotte, NC 28470

(910) 754-4929

Douglas Diamond Jewelers

4700 Main St, Shallotte, NC 28470

(910) 755-5546

Tripps Jewelry Shop

4910 Main St, Shallotte, NC 28470

(910) 754-6807

Benjamin's Jewelers

291 Highway 90 E, Little River, SC 29566

(843) 280-7360

Stateline Pawn

2229 Highway 17 Ste F, Little River, SC 29566

(843) 427-7897

Crossroads Pawn

4257 Sea Mountain Hwy, Little River, SC 29566

(843) 399-9199

Bz Jewelry

2128 Georgetown Cir, Little River, SC 29566

(843) 280-5495

Studio St Jean

279 Highway 57 S Unit 4, Little River, SC 29566

(843) 734-0764

Neely's Boutique A/K/A Us Gold Exchange Of Sc Inc

4637 Lightkeepers Way Unit 4F, Little River, SC 29566

(843) 281-0672

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.