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 Palisades Park 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.

Your Name Jewelry

1350 15th St # 2E, Fort Lee, NJ 07024

(201) 224-6464

Viviana Jewelry

4528 Florda Ave, Fort Lee, NJ 07024

(201) 363-1717

Tsangaropoulos

1622 Anderson Ave, Fort Lee, NJ 07024

(201) 592-1490

Charsinsky Designs

201 Bridge Plz N # 6K, Fort Lee, NJ 07024

(201) 947-8385

Diamonds Source Jewelers

2151 Lemoine Ave Ste A14, Fort Lee, NJ 07024

(201) 302-0420

Syna Inc

2125 Center Ave Ste 107, Fort Lee, NJ 07024

(201) 585-2021

Auramet Trading

2 Executive Dr Ste 645, Fort Lee, NJ 07024

(201) 947-2768

M G Worldwide

177 Main St # 155, Fort Lee, NJ 07024

(201) 877-2189

Onyx Jewlers

2013 Lemoine Ave, Fort Lee, NJ 07024

(201) 302-0430

S Diamond Creations

465 Bluff Rd, Fort Lee, NJ 07024

(201) 381-7829

Sardeira

2400 Hudson Ter, Fort Lee, NJ 07024

(917) 941-1216

Kiky Creation Inc

221 Main St, Fort Lee, NJ 07024

(201) 944-6999

Kay Jewelers

501 River Rd Space 39, Edgewater, NJ 07020

(201) 313-7941

Taline's Jewelry

725 River Rd, Edgewater, NJ 07020

(201) 945-1077

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.