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 Media 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.

Midwest Coins

412 North Roosevelt Avenue, Burlington, IA 52601

(319) 795-2148

Natural Inspirations

213 Jefferson St, Burlington, IA 52601

(319) 752-7396

Gypsi

312 Jefferson St, Burlington, IA 52601

(319) 237-1999

Law's Jewelry

319 Jefferson St, Burlington, IA 52601

(319) 752-1938

Becker's Jewelers

401 S Gear Ave, West Burlington, IA 52655

(319) 752-3196

Kay Jewelers

Westland Mall, West Burlington, IA 52655

(319) 752-7344

Kay Jewelers

550 S Gear Ave Suite 40, West Burlington, IA 52655

(319) 752-7344

Riddle's Jewelry

550 S Gear Ave Ste 58, West Burlington, IA 52655

(319) 752-5174

ABC Pawn & Gun

914 Broadway St, West Burlington, IA 52655

(319) 754-7296

The Silver Fox

153 W Davis St, Bushnell, IL 61422

(309) 772-3995

Alice's Pantry

3532 175th St, Wever, IA 52658

(319) 372-8104

Mediapolis Community Ball Diamonds

407 N Patsy St, Mediapolis, IA 52637

(319) 394-9201

Rhodes Jewelry

627 Main St, Mediapolis, IA 52637

(319) 394-9333

Crystal Rose Cottage

1408 Avenue E, Fort Madison, IA 52627

(319) 572-8002

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.