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 Milford 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.

Paycheck Advance

5505 Sun Valley Blvd, Sun Valley, NV 89433

(775) 673-1777

Paycheck Advance

5505 Sun Valley Blvd, Sun Valley, NV 89433

(775) 673-1777

The Reno Gold Exchange

6419 S Virginia St, Reno, NV 89511

(775) 996-1895

Silver State Coin & Bullion

44 W 1st St, Reno, NV 89501

(775) 322-4166

Sierra Silver & Gold Buyers

358 N Virginia St, Reno, NV 89501

(775) 329-4653

Southgate Coins

5032 S Virginia St, Reno, NV 89502

(775) 322-3600

Grand Gold Coins And Investments

2500 E 2nd St, Reno, NV 89502

(775) 329-0621

Consolidated Reno Coin

130 W 2nd St, Reno, NV 89501

(775) 322-2815

Goldilock's Jewelry & Coins

25 W 2nd St, Reno, NV 89501

(775) 322-1236

Pawn World

346 N Virginia St, Reno, NV 89501

(775) 964-8672

Advanced Gold & Silver

638 W 5th St, Reno, NV 89503

(775) 329-1188

Horseshoe Jewelry And Loan

229 N Virginia St, Reno, NV 89501

(775) 644-3189

Palace Jewelry & Loan Company Inc.

300 N Virginia St, Reno, NV 89501

(775) 621-5849

Check City

5220 Longley Ln, Reno, NV 89511

(775) 964-4876

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.