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 Richland 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.

Uptown Jewelry & Pawn

1509 3rd Ave, Phenix City, AL 36867

(334) 291-9555

Uptown Jewelry & Pawn

1509 3rd Ave, Phenix City, AL 36867

(334) 291-9555

Uptown Jewelry & Pawn

1509 3rd Ave, Phenix City, AL 36867

(334) 291-9555

Goldfinger

3753 Hwy 431 N, Phenix City, AL 36867

(334) 578-1648

The Gold Man

3744 Opelika Rd., Phenix City, AL 36870

(770) 885-0113

Pawn Headquarters Inc

1218 Highway 280 Byp, Phenix City, AL 36869

(334) 298-7222

Uptown Jewelry & Pawn

1509 3rd Ave, Phenix City, AL 36867

(334) 291-9555

Northside Pawn Shop

1029 Highway 280 Byp, Phenix City, AL 36867

(334) 448-3120

Pawn Headquarters Inc

1218 Highway 280 Byp, Phenix City, AL 36867

(334) 298-7222

Pawn Central

422 Martin Luther King Jr Pkwy S, Phenix City, AL 36869

(334) 732-0635

Keys2heart

18 Rusty Dr, Phenix City, AL 36869

(334) 855-1080

Facets Fine Jewelry

5409 Summerville Rd, Phenix City, AL 36867

(334) 298-9881

Custom Jewelers Inc

3747 US Highway 80 W, Phenix City, AL 36870

(334) 297-4741

Wholesale Jewelers

3608 US Highway 431 N, Phenix City, AL 36867

(334) 297-1115

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.