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 Rachel 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.

Pickers Paradise

3002 White Hall Blvd, Fairmont, WV 26554

(304) 363-8800

EZ Pawn

3367 Freedom Hwy, Fairmont, WV 26554

(304) 534-4343

Watson's Coins & Antiques

216 Adams St, Fairmont, WV 26554

(304) 367-0080

Keyland Pawn Brokers

500 Country Club Rd, Fairmont, WV 26554

(304) 366-4623

Whites Fine Jewelry

9 Middletown Rd, Fairmont, WV 26554

(304) 366-7999

Whites Fine Jewelry

13 Middletown Rd, Fairmont, WV 26554

(304) 366-7999

Minnocci's Jewelry & Loan - CLOSED

117 Fairmont Ave, Fairmont, WV 26554

(304) 367-0067

Jeweler's Bench

9329 Middletown Mall, Fairmont, WV 26554

(304) 366-1599

MaxPoint Gold Buyers - Cash for Gold | Sell Gold and Gift Cards

2399 Meadowbrook Road, Bridgeport, WV 26330

(304) 435-8088

Le Roy's Jewelers

2399 Meadowbrook Mall Ste 310, Bridgeport, WV 26330

(304) 842-6944

Williams Jewelers

113 Steele St, Bridgeport, WV 26330

(304) 842-7166

Zales

635 Meadowbrook Rd, Bridgeport, WV 26330

(304) 842-8661

Zales

2399 Meadowbrook Mall, Bridgeport, WV 26330

(304) 842-8661

LeRoy's Jewelers

2510 Meadowbrook Mall, Bridgeport, WV 26330

(304) 842-6944

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.