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 Notre Dame 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.

South Bend Gold & Silver Exchange

3202 Mishawaka Ave, South Bend, IN 46615

(574) 210-2636

RJ's Gold

439 S Michigan St, South Bend, IN 46601

(574) 607-2149

Casper's Coins & Jewelry

214 N Dixie Way, South Bend, IN 46637

(574) 272-5554

Christos Coins & Jewlery

433 N Dixie Way, South Bend, IN 46637

(574) 247-1818

J R Fox Jewelers

1105 E Ireland Rd, South Bend, IN 46614

(574) 291-5700

Diamond Jim's Jewelry

1601 Lincoln Way W, South Bend, IN 46628

(574) 288-0300

World Wide Jewelry & Pawn

1072 Lincoln Way E, South Bend, IN 46601

(574) 232-9909

Native Chique

3115 S Locust Rd, South Bend, IN 46614

(574) 703-5470

Gold N Diamond Wholesale Outlet

3227 W Sample St, South Bend, IN 46619

(574) 246-9989

Mgr Jewelers

722 S Ironwood Dr, South Bend, IN 46615

(574) 472-0919

Gemologist

202 S Michigan St, South Bend, IN 46601

(574) 287-1427

Diamond Import Co

202 S Michigan St, South Bend, IN 46601

(574) 287-1427

Chris Allen Jewlers

17917 State Road 23, South Bend, IN 46635

(574) 204-2618

Mckinley Jewelry And Pawn

2050 E Ireland Rd, South Bend, IN 46614

(574) 855-2783

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.