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 Rice 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.

The Gold Exchange

1350 S Main St, Blackstone, VA 23824

(434) 298-0019

American Family Pawn & Guns

2427 Anderson Hwy, Powhatan, VA 23139

(804) 708-3131

Clyde's Coins

1960 Old Tavern Rd, Powhatan, VA 23139

(804) 598-8661

AAA Cash For Assets

2044 New Dorset Road, Powhatan, VA 23139

(804) 928-9678

Clyde's Coins

1960 Old Tavern Rd, Powhatan, VA 23139

(804) 598-8661

The Gold Spot

1940 Sandy Hook Rd Ste 101, Goochland, VA 23063

(804) 556-0276

The Gold Exchange

41 N Main St, Chase City, VA 23924

(434) 917-5722

J&T Coins

10637 Hull Street Rd, Midlothian, VA 23112

(804) 276-1784

Skyline Coins

1807 Huguenot Rd Ste 119, Midlothian, VA 23113

(804) 794-0087

Family Coin & Jewelry

6501 Centralia Rd, Chesterfield, VA 23832

(804) 748-7941

Cole's Coins & Collectibles

13119 Rivers Bend Blvd, Chester, VA 23836

(804) 314-9940

Ladysmith

12931 Branders Bridge Rd, Chester, VA 23831

(804) 796-6875

Pawn Solutions

4116 S Amherst Hwy, Madison Heights, VA 24572

(434) 845-0009

Renaissance Gold and Silver Exchange

4487 S Amherst Hwy, Madison Heights, VA 24572

(434) 845-2039

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.