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 Oaks 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.

422 Jewelrs Co.

PO Box 860, Oaks, PA 19456

(610) 551-3060

Chiccarine's Fine Jewelry

201 Second Ave Ste 115, Collegeville, PA 19426

(610) 489-2007

Sabre's Fine Jewelry

416 E Main St, Collegeville, PA 19426

(610) 489-2200

422 jewelrs

1224 Egypt Road, Phoenixville, PA 19460

(610) 551-3060

Diving Cat Studio Gallery

246 Bridge Street, Phoenixville, PA 19460

(610) 933-3901

Wolfberg Jewelers

228 Bridge St, Phoenixville, PA 19460

(610) 933-3052

Romantic Jewelers

241 Bridge St, Phoenixville, PA 19460

(610) 933-3833

Kolodij Myron

33 Vaux Ln, Phoenixville, PA 19460

(610) 666-5358

Phoenixville Coin and Jewelry Exchange

122 B Bridge St, Phoenixville, PA 19460

(610) 933-1200

Federal Coin Exchange

237 High St, Phoenixville, PA 19460

(610) 323-6700

Phoenixville Gold Buyers

135 Nutt Rd, Phoenixville, PA 19460

(610) 427-8727

AAS Appraisal Lab

188 E Dekalb Pike, King Of Prussia, PA 19406

(215) 301-8429

AAS Appraisal Lab

188 E Dekalb Pike, King Of Prussia, PA 19406

(215) 301-8429

Zales

160 N Gulph Rd Ste 202, King Of Prussia, PA 19406

(610) 337-4430

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.