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 Perry Hall 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.

Daves Deals

5512 Ebenezer Road Suite C, White Marsh, MD 21162

(410) 335-2111

Silver Top Mfg Co Inc

11120 Pulaski Hwy, White Marsh, MD 21162

(410) 335-5500

KD Gold and Silver Exchange

7915 Belair Rd Suite C, Nottingham, MD 21236

(410) 661-3570

Kay Jewelers

8200 Perry Hall Blvd Space 1450, Nottingham, MD 21236

(410) 931-6747

Fred Meyer Jewelers

8200 Perry Hall Blvd, Nottingham, MD 21236

(410) 931-7225

Jared Jewelry Boutique

8200 Perry Hall Blvd Ste 1076 Ste 1076, Nottingham, MD 21236

(410) 933-2059

Jared The Galleria of Jewelry

8200 Honeygo Blvd, Nottingham, MD 21236

(410) 931-5380

Jared - Galleria of Jewelry

8200 Honeygo Blvd, Nottingham, MD 21236

(410) 931-5380

Purple Peacock

9510 Belair Rd, Nottingham, MD 21236

(410) 248-0837

Jared The Galleria of Jewelry

8332 Honeygo Blvd, Nottingham, MD 21236

(410) 931-5380

Vito Fino Jewelers

9650 Belair Rd, Nottingham, MD 21236

(410) 256-9555

Ur Stylesin Silver

8200 Perry Hall Blvd, Nottingham, MD 21236

(410) 933-6665

Piercing Pagoda

8200 Perry Hall Blvd, Nottingham, MD 21236

(410) 933-0816

Sterling Jewelers

8200 Perry Hall Blvd, Nottingham, MD 21236

(410) 931-7473

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.