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 Newtonville 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.

Ase Metal Recovery Inc

891 New Loudon Rd, Latham, NY 12110

(518) 250-4297

Art Of Gold

848 Loudon Rd, Latham, NY 12110

(518) 783-2212

Mayfair Jewelers

549 Troy Schenectady Rd, Latham, NY 12110

(518) 785-7898

Coins

6 Airport Park Blvd, Latham, NY 12110

(518) 786-7200

Connellys Diamond Gallery

594 New Loudon Rd, Latham, NY 12110

(518) 782-0569

Top Fine Jewelry Inc

465 Troy Schenectady Rd, Latham, NY 12110

(518) 785-0700

Double Spiral Designs

194 Forts Ferry Rd, Latham, NY 12110

(518) 321-8837

Cash for Causes

PO Box 334, Watervliet, NY 12189

(518) 428-2383

A Past Treasures

129 Columbia St, Cohoes, NY 12047

(518) 233-0030

Pamela Jones Independent Designer Origami Owl 12710339

14 Summit St, Cohoes, NY 12047

(518) 892-2512

The Collector's Friend

470 North Greenbush Rd., Rensselaer, NY 12144

(518) 238-3818

Jewelry By Don Cook

1 Agway Dr, Rensselaer, NY 12144

(518) 286-2665

Empire State Coin

25 Broad St, Waterford, NY 12188

(518) 238-3932

Theresa Girzone Jewelry

155 Kennewyck Cir, Slingerlands, NY 12159

(518) 456-4165

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.