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 Moodus 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.

Bangles and Gems

27 Maple Ave, East Haddam, CT 06423

(860) 373-6989

Devine's

4 Summit St Ste 1, East Hampton, CT 06424

(860) 267-4492

Heathers Fine Jewelry

34 E High St, East Hampton, CT 06424

(860) 467-4848

Becker's Jewelers

95 Linwood Ave., Colchester, CT 06415

(860) 603-2477

Plotkin's Jewelry Jewelry & Gift Shop

119 S Main St, Colchester, CT 06415

(860) 531-4595

The Jewelry Connection

35 Lebanon Ave, Colchester, CT 06415

(860) 537-0525

Gineva Jewelry

514 Westchester Rd Ste 1, Colchester, CT 06415

(860) 365-5817

Rings And Things

44 Main St, Colchester, CT 06415

(860) 537-0539

Hammered Edge Studio

4 Water St, Chester, CT 06412

(860) 526-1654

Artistry by Ann Marie

12 Fox Run Road, Deep River, CT 06417

(860) 526-9328

Deep River Jewelry Design

381 Main St, Deep River, CT 06417

(860) 526-9270

Eves Addiction

16 Grove St, Deep River, CT 06417

(860) 526-5522

Chaos

114 Main St, Deep River, CT 06417

(860) 526-6878

Jay Kirzhner Watchmaker

34 E Hampton Rd, Marlborough, CT 06447

(860) 295-0709

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.