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 Medway 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 & Coin

116 S Main St, New Carlisle, OH 45344

(937) 845-4000

premierdesings

3120 enon rd, Enon, OH 45323

(937) 559-6333

Cashland

83 W Dayton Yellow Springs Rd, Fairborn, OH 45324

(937) 412-2066

Lev's Pawn Shop

65 S Broad St, Fairborn, OH 45324

(937) 754-1770

Osterman Jewelers

MALL At Fairfield Cmns, Beavercreek, OH 45324

(937) 426-4885

Jennifer's Touch Jewelry

220 Xenia Ave, Yellow Springs, OH 45387

(937) 470-2680

Ohio Silver Co

245 Xenia Ave, Yellow Springs, OH 45387

(937) 767-8261

Heaven On Earth Emporium

253c Xenia Avenue, Yellow Springs, OH 45387

(937) 767-2000

Rita Caz Jewelry Studio & Gallery Inc

224 Xenia Ave, Yellow Springs, OH 45387

(937) 767-7713

Twisted Tines

255 Xenia Ave, Yellow Springs, OH 45387

(937) 767-1610

Pappy's Corner

5800 S State Route 202, Tipp City, OH 45371

(937) 667-8732

Crossroads Coins Inc

344 E National Rd, Vandalia, OH 45377

(937) 410-0809

Cashland

322 E National Rd, Vandalia, OH 45377

(937) 815-0178

United Check Cashing

561 N Dixie Dr, Vandalia, OH 45377

(937) 275-3981

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.