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 Oak Grove 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.

Heritage Jewelers & The Clock & Watch Clinic

108 SE 8th St, Oak Grove, MO 64075

(816) 690-3348

Brass Armadillo Antique Mall

1450 NW Golfview Dr, Grain Valley, MO 64029

(816) 847-5260

Odessa Gun & Pawn

210 South Second, Odessa, MO 64076

(816) 230-8661

Gold Rush Exchange

721 NW 7 Hwy Suite A, Blue Springs, MO 64014

(816) 298-5676

Kennedy's Custom Jewelers Inc

900 SW State Route 7, Blue Springs, MO 64014

(816) 295-6513

Cn Cash For Gold

1114 NE Coronado Dr, Blue Springs, MO 64014

(816) 988-7866

Patriot Pawn & Guns

1120 SW 7 Highway, Blue Springs, MO 64014

(816) 229-7296

Gold Guys

1344 NW State Route 7, Blue Springs, MO 64014

(816) 220-4700

Kennedy's Custom Jewelers Inc

900 SW State Route 7, Blue Springs, MO 64014

(816) 337-3010

Then & Now Jewelry

617 SW US 40 HWY, Blue Springs, MO 64014

(816) 228-1270

Then and Now Jewelry

623 NW Mock Ave Ste D, Blue Springs, MO 64014

(816) 228-1270

Closet Cash - CLOSED

1344 NW State Route 7, Blue Springs, MO 64014

(816) 220-4700

Bacchus & Rockwells Rare Coins

619 NW Murray Rd, Lees Summit, MO 64081

(816) 524-7855

Bacchus & Rockwells Rare Coins

619 NW Murray Rd, Lees Summit, MO 64081

(816) 524-7855

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.