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 Lynwood 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.

Italy Gold

3100 E Imperial Hwy, Lynwood, CA 90262

(310) 608-7049

Tweedy Jewelry & Loan

3228 Tweedy Blvd, Lynwood, CA 90262

(323) 569-9660

Gold Express

2787 E Del Amo Blvd, Compton, CA 90221

(310) 764-5770

Blake's Pawn Shop

407 W Compton Blvd, Compton, CA 90220

(323) 774-0940

B G Loan & Jewelry Co

7520 Eastern Ave, Bell Gardens, CA 90201

(562) 927-7296

Gold Exchange - Pawn Shop

2658 E Florence Ave, Huntington Park, CA 90255

(323) 588-0262

Sun Omega Gold

6819 Pacific Blvd, Huntington Park, CA 90255

(323) 581-1414

Louis Jewelry & Loan

7600 Pacific Blvd, Huntington Park, CA 90255

(323) 589-0634

Silverado Pawn Shop

2600 E Florence Ave, Huntington Park, CA 90255

(323) 585-6928

The Check Cashing Place

2885 E Florence Ave, Huntington Park, CA 90255

(323) 586-9810

Jewlery And Loan Pawn Shop

2701 E Gage Ave, Huntington Park, CA 90255

(323) 587-5626

Charles Jewelry & Loan

2648 E Florence Ave, Huntington Park, CA 90255

(323) 585-3066

Diamond & Gold Exchange

7553 Melrose Ave, Los Angeles, CA 90046

(323) 452-3972

Pegasus Metals LLC

640 S Hill St, Los Angeles, CA 90014

(213) 455-8528

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.