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 Otter Creek 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.

Cash Munny

1821 N Young Blvd, Chiefland, FL 32626

(352) 493-4485

National Jewelry Inc

26 N Main St, Chiefland, FL 32626

(352) 490-6000

Cash Munny

1821 N Young Blvd, Chiefland, FL 32626

(352) 493-4485

Bejeweled Custom Jewelers Inc

2475 N Young Blvd Cheifland, Chiefland, FL 32626

(352) 493-6620

Andover End Jewelry Gifts

10 SW 7th St # B, Williston, FL 32696

(352) 528-3600

Cash N Dash Jewelry & Pawn Inc

806 E Wade St, Trenton, FL 32693

(352) 463-2210

Southern Sportsman

16040 NW US Highway 19, Fanning Springs, FL 32693

(352) 463-2650

silver castle art

221 se 175th ave, Micanopy, FL 32667

(828) 200-3641

J & M Pawn

806-P Nc Hwy 66 South, Kville, NC 32686

(336) 992-7296

Wade's Coin & Currency

579 SE US Highway 19, Crystal River, FL 34429

(352) 795-9550

American Trading Post Pawn

787 NE 5th St, Crystal River, FL 34429

(352) 436-4590

Zales

1801 NW US Highway 19, Crystal River, FL 34428

(352) 794-0288

Pats Pawn

915 SE US Highway 19, Crystal River, FL 34429

(352) 794-6040

Diamond Ridge Pawn

6894 W Gulf To Lake Hwy, Crystal River, FL 34429

(352) 564-7296

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.