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 Panorama City 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.

Sepulveda United Pawnbroker's

8238 Sepulveda Pl, Panorama City, CA 91402

(818) 786-7296

Sepulveda United Pawnbroker's

8238 Sepulveda Pl, Panorama City, CA 91402

(818) 786-7296

Lawrence Silver Jewelry

14650 Parthenia St, Panorama City, CA 91402

(818) 830-4154

Silver City

8401 Van Nuys Blvd # 500, Panorama City, CA 91402

(818) 894-0212

Speedy Cash

13263 Van Nuys Blvd, Pacoima, CA 91331

(818) 208-4153

Alright Pawn Shop

9044 Woodman Ave, Arleta, CA 91331

(818) 892-0278

Crest Loan & Jewelry Co - CLOSED

13067 Van Nuys Blvd, Pacoima, CA 91331

(818) 896-7820

G & R Jewelry Loan Co

15254 Parthenia St, North Hills, CA 91343

(818) 891-2323

Cash for Gold & Silver of North Hills

15339 Parthenia St, North Hills, CA 91343

(818) 288-2674

Speedy Cash

10223 Sepulveda Blvd, Mission Hills, CA 91345

(818) 208-4149

Sunland Jewelry Store

8733 Sunland Blvd, Sun Valley, CA 91352

(818) 574-6525

Sun Valley Jewelers

8053 Vineland Ave, Sun Valley, CA 91352

(818) 767-6432

Ed Bernet Metals

9005 Norris Ave, Sun Valley, CA 91352

(818) 768-6678

Gold Diggers

14719 Rinaldi St, San Fernando, CA 91340

(818) 599-7893

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.