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 Palm Beach 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.

Patti Esbia Antique & Estate Jewelry

326 Peruvian Ave, Palm Beach, FL 33480

(561) 693-3177

Patti Esbia Antique & Estate Jewelry

326 Peruvian Ave, Palm Beach, FL 33480

(561) 693-3177

Trianon

237A Worth Ave, Palm Beach, FL 33480

(561) 802-4410

Palm Beach Investments

214 Brazilian Ave Ste 210, Palm Beach, FL 33480

(561) 655-7693

Danielian Jewelers

106 N County Rd, Palm Beach, FL 33480

(561) 655-4954

Mystique Created Gems

250 Worth Ave, Palm Beach, FL 33480

(561) 655-3008

Graff Diamonds

221 Worth Ave # A, Palm Beach, FL 33480

(561) 355-9292

Tamara Comolli Fine Jewelry Collection

150 Worth Ave, Palm Beach, FL 33480

(561) 659-3700

Sequin Of Palm Beach

330 S County Rd, Palm Beach, FL 33480

(561) 833-7300

King of Pawns

821 N Military Trl, West Palm Beach, FL 33415

(561) 402-7815

Rechant Metals

1730 S Congress Av-B, West Palm Beach, FL 33406

(561) 964-8180

Palm Beach Gold Exchange

2215 N Military Trl, West Palm Beach, FL 33409

(561) 656-4653

Endeavor Metals Group

324 Datura St Ste 207, West Palm Beach, FL 33401

(561) 671-4620

King of Pawns

821 N Military Trl, West Palm Beach, FL 33415

(561) 402-7815

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.