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 Pacolet Mills 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.

Zales

1 Factory Shops Blvd, Gaffney, SC 29341

(864) 574-2330

Hartline Co

116 W Meadow St, Gaffney, SC 29340

(864) 489-8363

Hartzog's Gifts & Fine Jewlers

400 N Limestone St, Gaffney, SC 29340

(864) 489-2244

Rob's Jewelers

310 N Limestone St, Gaffney, SC 29340

(864) 488-3636

Brian's Jewelry & Repair

200 W Floyd Baker Blvd, Gaffney, SC 29341

(864) 902-8787

Jewelry and Decorative Creations by Linda

187 Whispering Pines Rd, Gaffney, SC 29341

(864) 489-7787

Jones E H Jewelers

505 N Limestone St, Gaffney, SC 29340

(864) 489-2624

East Coast Jewelers

530 Factory Shops Blvd, Gaffney, SC 29341

(864) 489-1494

Ultra Diamonds

405 Factory Shops Blvd, Gaffney, SC 29341

(704) 979-1727

It's Fashion

1625 W Floyd Baker Blvd, Gaffney, SC 29341

(864) 487-4878

E-Z Money Pawn Shop Inc

163A John B White Sr Blvd, Spartanburg, SC 29306

(864) 585-0496

All Stars Gold & Pawn

1529 John B White Sr Blvd, Spartanburg, SC 29301

(864) 574-9006

Diamond Jewelers Of Spartanburg

153 E Main St, Spartanburg, SC 29306

(864) 582-5675

B & D Family Jewelers Inc

1735 Ste 6 John B White Sr Blvd, Spartanburg, SC 29301

(864) 576-7600

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.