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 Newton Center 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.

Newton Trade Center

636 Commonwealth Ave, Newton Center, MA 02459

(888) 495-4120

Newton Trade Center

636 Commonwealth Ave, Newton Center, MA 02459

(888) 495-4120

Pageo (Newton)

843 Beacon St, Newton Center, MA 02459

(617) 964-4940

Coast Coast Custom Jewelry Design by Isaac

636 Commonwealth Ave, Newton Center, MA 02459

(617) 796-7828

Vard Couture Design Company

30 Village Cir, Newton Center, MA 02459

(617) 467-5364

Alice Mandell Jewelry

69 Union St, Newton Center, MA 02459

(617) 965-4750

The Silver Woman

49 Union St, Newton Center, MA 02459

(617) 969-9699

Folklorica

61 Union St, Newton Center, MA 02459

(617) 630-1815

Design Jewelry Inc

1280 Centre St, Newton Center, MA 02459

(617) 965-4650

Sasco Industries Inc

210 Nahanton St # 413, Newton Center, MA 02459

(617) 916-5260

Como

91 Union St, Newton Center, MA 02459

(617) 527-9100

Peterson's Jewelry

757 Beacon St, Newton Center, MA 02459

(617) 244-2259

Talori

51 Union St, Newton Center, MA 02459

(617) 916-9462

Kiki D. Design & Consign

214 Sumner Street, Newton Centre, MA 02459

(617) 467-4153

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.