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 Park 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.

Goldies

13630 W 8 Mile Rd, Oak Park, MI 48237

(248) 582-4653

Express Payday Advance and Check Cashing

24800 Greenfield Rd, Oak Park, MI 48237

(248) 968-0900

Oak Park Gold Box

8771 W 9 Mile Rd, Oak Park, MI 48237

(248) 204-0534

Express Payday Advance and Check Cashing

24800 Greenfield Rd, Oak Park, MI 48237

(248) 968-0900

Diamond Island

21700 Greenfield Rd 390, Oak Park, MI 48237

(248) 968-2000

Sam's Diamonds

21700 Greenfield Rd Ste 392, Oak Park, MI 48237

(248) 968-1700

J Maro Jewelry Inc

21700 Greenfield Rd Ste 345, Oak Park, MI 48237

(248) 968-3896

King Bey Jewelry Store

21700 Greenfield Rd, Oak Park, MI 48237

(248) 629-7173

K and S Design Jewelers

21700 Greenfield Road, Suite 477, Oak Park, MI 48237

(248) 967-4434

All Dressed Up

8138 W 9 Mile Rd, Oak Park, MI 48237

(248) 548-3737

B Juelz

21700 Greenfield Rd, Oak Park, MI 48237

(248) 268-3005

Do U Ceramics, LLC

10730 W 9 Mile, Oak park, MI 48237

(313) 412-3173

Renaissance Jewelers

21700 Greenfield Rd Ste 404, Oak Park, MI 48237

(248) 968-0450

Zalman's Treasures

26001 Coolidge Hwy, Oak Park, MI 48237

(248) 547-8383

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.