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 Lonoke 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.

The Gold Buying Center

341 S James St, Jacksonville, AR 72076

(501) 983-0045

McIntire Rare Collectibles

27 Crestview Plz, Jacksonville, AR 72076

(501) 985-1663

Abdin Jewelers

2126 N 1st St Ste K, Jacksonville, AR 72076

(501) 982-2871

The Jewelry Exchange & Loan Co

84 Municipal Dr, Jacksonville, AR 72076

(501) 982-4478

Cripple Creek Flea Market

100 Municipal Dr, Jacksonville, AR 72076

(501) 985-9842

The Gold Buying Center

1002 S Pine St, Cabot, AR 72023

(501) 941-2929

Gold & Silver Bars

1002 S Pine St, Cabot, AR 72023

(501) 941-2188

County Line Pawn

316 W Main St, Cabot, AR 72023

(501) 941-7300

Glaze Diamonds and Denim

1004 S. Pine St. Suite B, Cabot, AR 72023

(501) 286-7728

Diamond State Jewelers

1106 S Pine St Ste A, Cabot, AR 72023

(501) 941-3533

Gails Gifts & Interiors

19 Thompson Dr, Cabot, AR 72023

(501) 941-7738

Juleah Diane's

1013 N 2nd St, Cabot, AR 72023

(501) 743-2180

US PAWN and LOAN

18134 Arkansas Hwy 5, Austin, AR 72007

(501) 843-3632

Money Tree Loans

8700 Warden Rd, Sherwood, AR 72120

(501) 436-0151

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.