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 Port St. Lucie 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.

OJ's Coin And Jewelry

7590 S US Highway 1, Port Saint Lucie, FL 34952

(772) 340-4951

OJ's Coin And Jewelry

7590 S US Highway 1, Port Saint Lucie, FL 34952

(772) 340-4951

Blue Water Coins

64 Goforth Road, Port Saint Lucie, FL 34952

(772) 529-1008

Treasure Coast Gold And Estate Exchange

762 SW Bayshore Blvd, Port Saint Lucie, FL 34983

(772) 777-2703

Florida Gold Center

1012 SW Saint Lucie West Blvd, Port Saint Lucie, FL 34986

(772) 343-9411

Gold Deposit

8631 S US Highway 1, Port Saint Lucie, FL 34952

(772) 224-2562

Gold Deposit

594 Beach Ave, Port Saint Lucie, FL 34952

(772) 429-0766

A Golden Moment

2973 SE Cates Cir, Port Saint Lucie, FL 34952

(772) 341-4950

Florida Gold Buyers

2012 SE Port St Lucie Blvd, Port Saint Lucie, FL 34952

(772) 408-4640

Treasure Coast Coin & Bullion

2014 SE Port St Lucie Blvd, Port Saint Lucie, FL 34952

(772) 408-4640

Town Jewelers ll

3259 SW Port St Lucie Blvd, Port Saint Lucie, FL 34953

(772) 236-5575

Cash America Pawn

8429 S US Highway 1, Port Saint Lucie, FL 34952

(772) 878-1044

Cash America Pawn

8429 S US Highway 1, Port Saint Lucie, FL 34952

(772) 207-4650

OJ's Coin And Jewelry

7590 S US Highway 1, Port Saint Lucie, FL 34952

(772) 340-4951

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.