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 Peel 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.

Shining Examples

101 E Main St, Gassville, AR 72635

(870) 435-2727

Porter's Pawn & Bargain Center

102 W Commercial St, Harrison, AR 72601

(870) 741-5626

Castle Rental & Private Pawn

1411 N Main St, Harrison, AR 72601

(870) 741-2999

Shipman's Jewelry

102 N Willow St, Harrison, AR 72601

(870) 741-8295

Dey Gem Jewelry

115 W Industrial Park Rd Ste 5, Harrison, AR 72601

(870) 741-8150

Selections by Victoria

2223 Rock Springs Rd, Harrison, AR 72601

(870) 365-3079

Capital Pawn

1010 N Main St, Harrison, AR 72601

(870) 741-4782

Golden Pawn Shop

815 Highway 62 65 N, Harrison, AR 72601

(870) 741-6204

Master Goldsmith

107 W Rush Ave, Harrison, AR 72601

(870) 741-5670

Castle Rental & Pawn Center

1421 N Main St, Harrison, AR 72601

(870) 741-4600

Kee Fashion Jewelry

6601 Cashew Ln, Harrison, AR 72601

(870) 754-2862

Sugar Gems Beads

410 N Main St, Harrison, AR 72601

(870) 688-4337

Gold & Silver Exchange

809 Highway 62 65 N, Harrison, AR 72601

(870) 365-0231

Castle Rental & Private Pawn

1411 N Main St, Harrison, AR 72601

(870) 741-2999

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.