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 Ostrander 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.

von Harringa Metals

2241 Klondike Road, Delaware, OH 43015

(740) 417-5040

Cashland

268 S Sandusky St, Delaware, OH 43015

(740) 513-2365

Delaware Diamonds

49 N Sandusky St, Delaware, OH 43015

(740) 513-8373

United Check Cashing

433 Allenby Dr, Marysville, OH 43040

(937) 642-3423

Cashland

1099 W 5th St, Marysville, OH 43040

(937) 303-4528

Lambert Jewelers

327 E 5th St, Marysville, OH 43040

(937) 642-2603

Powell Jewelers

10245 Sawmill Pkwy, Powell, OH 43065

(614) 764-4764

Kimberly's Diamond Corner

1 N Liberty St, Powell, OH 43065

(614) 436-4653

Iteco Inc

449 Village Park Dr, Powell, OH 43065

(614) 785-0450

Oriental Traders Company

40 Clairedan Dr, Powell, OH 43065

(614) 846-1712

Abbott-Powell Jewelers

244 W Olentangy St, Powell, OH 43065

(614) 764-4764

Deboer Design Studio Limited

4415 Millwater Dr, Powell, OH 43065

(740) 881-9997

The Glass Chain

PO Box 132, Unionville Center, OH 43077

(614) 592-2653

Hoffman Coins

137 W Main St, Plain City, OH 43064

(614) 873-2646

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.