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 Millersville 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.

Turquoise Land

SOUTHGATE Shopping Ce, Glen Burnie, MD 21061

(410) 768-2141

Express Gold

7900 Ritchie Hwy Ste D121, Glen Burnie, MD 21061

(410) 412-3064

Gold Traders

7900 Ritchie Hwy, Glen Burnie, MD 21061

(410) 553-6791

Arundel Firearms & Pawn

7427 Baltimore Annapolis Blvd, Glen Burnie, MD 21061

(410) 761-6381

Adam A Adams Jeweler

420 Crain Hwy S, Glen Burnie, MD 21061

(410) 787-2270

Marvelous Creations by Madonna

301 Morris Hill Ave, Glen Burnie, MD 21060

(443) 520-1764

Kay Jewelers

6711 Ritchie Hwy Ste 221, Glen Burnie, MD 21061

(410) 760-3269

PH Lee Jewelry

54 Mountain Rd, Glen Burnie, MD 21060

(410) 760-5659

Designs By Stephanie

1121 Annapolis Rd Ste 306, Odenton, MD 21113

(410) 674-9494

Carlynda Jewelers

1334 Unit F Defense Hwy, Gambrills, MD 21054

(410) 774-5503

Little Treasury Jewelers Inc

2506 New Market Ln, Gambrills, MD 21054

(410) 721-7100

Altered Image

8521 Fort Smallwood Rd, Pasadena, MD 21122

(410) 360-3369

Goldfather of Pasedena

8154 Ritchie Hwy, Pasadena, MD 21122

(410) 544-4001

Zales

Sp 449, Hanover, MD 21076

(443) 755-9896

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.