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 National City 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.

The Coin Cove & Collectibles

551 W Lake St, Tawas City, MI 48763

(989) 362-2443

The Coin Cove & Collectibles

80 W M 55, Tawas City, MI 48763

(989) 362-2443

Instant Cash Advance

200 W Bay St, East Tawas, MI 48730

(989) 362-0000

Fusion

106 W Westover St, East Tawas, MI 48730

(989) 362-5499

Blue Bear Jewelry

115 Newman St, East Tawas, MI 48730

(989) 305-6465

Branham's Jewelry

219 Newman St, East Tawas, MI 48730

(989) 362-3674

Instant Cash Advance

216 N State St, Oscoda, MI 48750

(989) 569-3850

Branham's Jewelry Stores Ltd.

5226 N US Highway 23, Oscoda, MI 48750

(989) 739-1341

R & M Coins Antiques & Collectibles

4435 N US Highway 23, Oscoda, MI 48750

(989) 739-5991

Dazzled Jewels

325 E Huron Rd, Au Gres, MI 48703

(989) 646-2034

DazzledJewels.biz

400 Clark St, Omer, MI 48749

(855) 384-3343

Ladieanne's Timeless Treasures

4681 W Cedar Lake Rd, Greenbush, MI 48738

(989) 739-2668

Walt's Coin & Bullion

1186 Northern Trl, Alger, MI 48610

(989) 873-3942

Instant Cash Advance

2496 I 75 Business Loop, West Branch, MI 48661

(989) 345-0400

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.