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 North Chili 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.

Willowcreek Antiques & Interiors

5377 W. Ridge rd, Spencerport, NY 14559

(585) 261-2513

J William Jewelers

106 S Union St, Spencerport, NY 14559

(585) 349-8300

Art Tech Casting Co

82 Main St, Scottsville, NY 14546

(585) 889-9187

Ridge Coin

2064 E Ridge Rd, Rochester, NY 14622

(585) 234-5678

Jewelry And Coin Exchange

1964 W Ridge Rd, Rochester, NY 14626

(585) 227-6370

Diamond Exchange

2284 Lyell Ave, Rochester, NY 14606

(585) 429-6416

Brighton Coin Co

2423 Monroe Ave, Rochester, NY 14618

(585) 271-0210

Gold 4 Cash

2779 W Henrietta Rd, Rochester, NY 14623

(585) 415-1514

Silver & Gold Expressions

411 Lyell Ave, Rochester, NY 14606

(607) 267-4766

Battisti's Salon & Day Spa

2575 Chili Ave, Rochester, NY 14624

(585) 426-3030

Gem Lab The

4098 W Henrietta Rd, Rochester, NY 14623

(585) 359-3900

East Ridge Gold and Diamond Buyers

213 E Ridge Rd, Rochester, NY 14621

(585) 342-9190

Ny Gold & Diamond

1635 E Henrietta Rd Ste 3, Rochester, NY 14623

(585) 286-9111

Jewelry Lab

354 Greece Ridge Center Dr, Rochester, NY 14626

(585) 227-8940

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.