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 Partlow 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.

Dan's Jewelry & Pawn

5390 Lyndon Dr Unit B, Locust Grove, VA 22508

(540) 972-2618

American Enterprise Pawn Shop

10740 Jefferson Ave, Newport News, VA 23601

(757) 320-2813

Collectors Shop Inc

648 J Clyde Morris Blvd Ste A, Newport News, VA 23601

(757) 595-7732

Advance Pawnbrokers

13144 Jefferson Ave, Newport News, VA 23608

(757) 969-1203

Hiddenwood Gold Rush Inc

12458 Warwick Blvd, Newport News, VA 23606

(757) 594-9009

Denbigh Gold Buyers

14369 Warwick Blvd, Newport News, VA 23602

(757) 969-5473

Good New Recovery and lock smith

11932 jefferson ave, Newport News, VA 23606

(757) 236-2655

Gold Exchange

616 Jefferson Ave, Newport News, VA 23607

(757) 877-3560

Js Gold and Beauty Supply

6022 Jefferson Ave, Newport News, VA 23605

(757) 246-0325

Best Jewelry & Loan

10247 Warwick Blvd, Newport News, VA 23601

(757) 595-9191

Denbigh Pawn Shop

15525 Warwick Blvd Ste 100, Newport News, VA 23608

(757) 887-3333

Cash Converters

14346 Warwick Blvd, Newport News, VA 23602

(757) 988-1111

Hampton Roads Gold Exchange

6116 Jefferson Ave, Newport News, VA 23605

(757) 827-4444

Elite Pawn Shop

10011 Jefferson Ave, Newport News, VA 23605

(757) 594-0606

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.