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 Purchase 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.

CFG Gold Buyers

100 Main St, White Plains, NY 10601

(850) 252-5945

Coin Mint Ltd

200 Hamilton Ave # 11B, White Plains, NY 10601

(914) 428-6682

Syndicate Diamonds

50 Main St. 10th Floor, White Plains, NY 10606

(914) 517-0078

CFG Gold Buyers

100 Main St, White Plains, NY 10601

(850) 252-5945

CFG Gold Buyers

100 Main St, White Plains, NY 10601

(850) 252-5945

Cartier White Plains Boutique at Neiman Marcus

Westchester Mall, Maples & Paulding Building 125 Westchester Avenue, White Plains, NY 10601

(914) 989-4941

Diamond Bharat Corp

1 Barker Ave # 320, White Plains, NY 10601

(914) 831-6500

Zales

125 Westchester Ave Ste 3240, White Plains, NY 10601

(914) 328-3894

Benchmark Gold Galleria - CLOSED

100 Main St, White Plains, NY 10601

(914) 686-8045

Sumaq Design by Eduardo

457 Tarrytown Road, White Plains, NY 10607

(914) 358-4748

David Yurman

125 Westchester Ave, White Plains, NY 10601

(914) 539-4444

Tiffany & Co.

125 Westchester Ave, White Plains, NY 10601

(914) 686-5100

Ritani Corp

30 Dr Martin Luther King Blvd, White Plains, NY 10601

(212) 354-0160

Kay Jewelers

100 Main St Ste 326, White Plains, NY 10601

(914) 682-5203

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.