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 New Albany 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.

Towanda Coin Jewelry & More

510 Main St, Towanda, PA 18848

(570) 265-7444

Dorothy Fisher Goldsmith

288 Eagles Mere Ave, Eagles Mere, PA 17731

(570) 525-3076

North Jewelers

218 S Main St, Athens, PA 18810

(570) 888-2112

Pauling Larry E

663 Evergreen Rd, Hughesville, PA 17737

(570) 584-5502

Reagan's Steele Jewelry

108 W Lockhart St, Sayre, PA 18840

(570) 888-9604

Jrc Jewelry Designs

229 Desmond St, Sayre, PA 18840

(570) 888-6886

Broad Street Exchange

314 Broad St, Waverly, NY 14892

(607) 565-6669

Broad Street Exchange

368 Broad St, Waverly, NY 14892

(607) 565-6669

The Jewelry Repair Shop

323 Broad St, Waverly, NY 14892

(607) 565-2890

Fred Meyer Jewelers

300 Lycoming Mall Cir Ste 228, Muncy, PA 17756

(570) 546-6966

Kay Jewelers

300 Lycoming Mall Cir Suite 276, Muncy, PA 17756

(570) 546-5586

Sister Regina Kiel Studio One

LAKE St, Dallas, PA 18612

(570) 675-1865

Roth Oscar Jewelers

2925 Memorial Hwy, Dallas, PA 18612

(866) 534-9482

Outrageous

11 Dallas Village Shopping Ctr, Dallas, PA 18612

(570) 675-5595

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.