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 Ransom 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.

Renberger's Jewelry

115 E Main St, Ness City, KS 67560

(785) 798-2880

Kuhn's Diamond Jewelers

1009 Main St, Hays, KS 67601

(785) 625-2121

Showcase Jewelers LTD

4333 Vine St Ste 25, Hays, KS 67601

(785) 628-3737

Simply Charmed

1011 Main St, Hays, KS 67601

(785) 625-7476

Engravingshop.com

1009 Main St, Hays, KS 67601

(785) 621-2730

Diamond R Jewelry

208 E 8th St Ste B, Hays, KS 67601

(785) 621-4656

Diamond R Jewelry

1008 Main St, Hays, KS 67601

(785) 621-4656

Flatlander Pawn & Gun

2707 Vine St Ste 19A, Hays, KS 67601

(785) 623-4000

Hays City Gold & Silver

2201 Vine St, Hays, KS 67601

(785) 628-3603

Riddle's Jewelry

2911 Vine St, Hays, KS 67601

(785) 623-4066

Post Rock Trading Co

607 E Main St, Hanston, KS 67849

(620) 357-8919

Beads To Buckskins Books

2519 US Highway 283, Hill City, KS 67642

(785) 421-2333

Black & Gold Feeds

960 Dd Rd, Plainville, KS 67663

(785) 623-1346

Shaw Jewelry Co

732 Main St, Hoxie, KS 67740

(785) 675-3571

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.