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 Millwood 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.

Roush Gold & Silver Exchange

55780 St Rt 124, Portland, OH 45770

(740) 843-5310

Roush Gold and Silver Exchange

115 Washington St, Ravenswood, WV 26164

(304) 488-5793

Tetrick's Showcase Jewelers

229 Washington St, Ravenswood, WV 26164

(304) 273-4401

Goldigger's

328 Church St S, Ripley, WV 25271

(304) 373-1160

The Jeweler's Touch

111 Court St N, Ripley, WV 25271

(304) 372-2700

Tetricks Showcase Jewelers

127 Court St N, Ripley, WV 25271

(304) 273-4401

Bauer Security Products

319 Rosita Lynn Dr, Point Pleasant, WV 25550

(304) 675-1800

Cashland

397 W Main St, Pomeroy, OH 45769

(740) 444-4353

Cashland

1312 Eastern Ave Ste B, Gallipolis, OH 45631

(740) 441-8815

Cashland

305 1/2 Upper River Rd, Gallipolis, OH 45631

(740) 441-8815

Acquisitions Fine Jewelry

151 2nd Ave, Gallipolis, OH 45631

(740) 446-2842

Davies Paul Jewelers

404 2nd Ave # 1647, Gallipolis, OH 45631

(614) 446-1647

Siders Jewelers Inc

2145 Eastern Ave Ste H, Gallipolis, OH 45631

(740) 446-3283

Peebles

31 Ohio River Plz, Gallipolis, OH 45631

(740) 446-0358

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.