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 Mount Royal 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.

Action Video & Sports Cards

302 Parkville Station Rd, Mantua, NJ 08051

(856) 464-1535

United Check Cashing

29 E Broad St Ste A, Paulsboro, NJ 08066

(856) 423-6612

Norberts Jewelers

1309 N Delaware St, Paulsboro, NJ 08066

(856) 423-1016

Woodbury Heights Cash For Gold

722 Mantua Pike, Woodbury Heights, NJ 08097

(856) 579-8178

Luna's Jewelry Boutique, LLC

P. O. Box 293, Wenonah, NJ 08090

(856) 494-4093

My Sister's Designs

201 E Mantua Ave, Wenonah, NJ 08090

(856) 468-7022

Family Goldbuyers

1406 Clements Bridge Rd, Woodbury, NJ 08096

(856) 848-8118

We Buy Gold & Silver

835 N Broad St, Woodbury, NJ 08096

(856) 202-5144

Quality Gold

190 N Evergreen Ave, Woodbury, NJ 08096

(856) 579-7118

United Check Cashing

664 Mantua Pike Ste 600, Woodbury, NJ 08096

(856) 845-4070

Zales

1750 Deptford Center Rd, Woodbury, NJ 08096

(856) 845-7722

Kay Jewelers

1750 Deptford Center Rd Space 1130, Woodbury, NJ 08096

(856) 845-6985

Jared - Galleria of Jewelry

2000 Clements Bridge Rd, Woodbury, NJ 08096

(856) 251-6956

Jade Mountain Jewelry Llp

1027 Kohler Ave, Woodbury, NJ 08096

(856) 853-9164

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.