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 Olustee 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.

Gold Buyers-United Svc Of America

120 NW Burk Ave, Lake City, FL 32055

(386) 965-3470

wellborn pawn and gun

122 sw florida gateway drive, lake city, FL 32024

(386) 754-7207

Gold Buyers of Lake City Inc

126 SW Main Blvd, Lake City, FL 32025

(386) 243-8551

Bestgoldpriceslakecity.Com

120 NW Burk Ave, Lake City, FL 32055

(386) 965-3470

Money Man The/Check Cashing & Pawn

1010 SW Main Blvd, Lake City, FL 32025

(386) 752-7828

Rowand's

261 N Marion Ave, Lake City, FL 32055

(386) 752-3550

N Fl Rare Coins & Bullion

1101 W US Highway 90 Ste 130, Lake City, FL 32055

(386) 365-3085

American Pawn Brokers Inc

905 SW Main Blvd Ste 100, Lake City, FL 32025

(386) 752-6927

Ambers Heavenly Gemstone

319 N Marion Ave, Lake City, FL 32055

(386) 438-5927

Chastain Jewelers

2469 W US Highway 90 Suite A8, Lake City, FL 32055

(386) 961-8000

Duval Jewelry Gun & Pawn Inc

698 W Macclenny Ave, Macclenny, FL 32063

(904) 259-9455

Wellborn Pawn & Gun

12655 County Road 137, Wellborn, FL 32094

(386) 963-5626

Gold Buyers of Starke

14970 US Highway 301 S, Starke, FL 32091

(904) 964-2511

Bradford Gun & Pawn

1401 N Temple Ave, Starke, FL 32091

(904) 964-9655

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.