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 Paynes Creek 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.

Gold Exchange The

413 Walnut St, Red Bluff, CA 96080

(530) 528-8000

Gold Exchange The

413 Walnut St, Red Bluff, CA 96080

(530) 528-8000

North State Gold

442 Walnut St, Red Bluff, CA 96080

(530) 528-2274

Palo Cedro Coins & Estate Jewelry

9350 Deschutes Rd Suite A, Palo Cedro, CA 96073

(530) 547-3325

The Patriot Gold & Silver Exchange Inc

9372 Deschutes Rd Ste A, Palo Cedro, CA 96073

(530) 547-1093

Shasta County Gold Jewelry & Coin

2750 East St, Anderson, CA 96007

(530) 378-0851

Chuck's Coin

2130 Hilltop Dr, Redding, CA 96002

(530) 246-2370

Patriot Gold & Silver Exch

3637 Eureka Way, Redding, CA 96001

(530) 605-3726

Steve's Precious Metals

1113 Hilltop Dr, Redding, CA 96003

(530) 223-0170

Heart Of Gold Jewelers

1320 Yuba St, Redding, CA 96001

(530) 999-2835

Olde West Gun & Loan

568 N Market St, Redding, CA 96003

(530) 338-3423

Olde West Gun & Loan Co. Inc.

568 N Market St, Redding, CA 96003

(530) 338-3432

Chuck's Coin

2130 Hilltop Dr, Redding, CA 96002

(530) 246-2370

Goldmart

1191 Hilltop Dr, Redding, CA 96003

(530) 221-4653

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.