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 Round Lake 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.

Amberman Postal History Co

14 Brenden Ct, Clifton Park, NY 12065

(518) 280-2125

Hoff Jewelers

1683 Route 9 Ste 3, Clifton Park, NY 12065

(518) 373-8645

Glennpeter Jewelers

1505 Half Moon Parkway (Rte 9), Clifton Park, NY 12065

(518) 383-5295

Kay Jewelers

22 Clifton Country Rd Suite 80, Clifton Park, NY 12065

(518) 371-1661

A Bead Just So

49 Front St, Ballston Spa, NY 12020

(518) 309-4070

Corina Contemporary Jewelry & Fine Crafts

89 Milton Ave, Ballston Spa, NY 12020

(518) 885-0930

True Elegance Boutique

124 Milton Ave (Rt50), Ballston Spa, NY 12020

(518) 229-0097

Empire State Coin

25 Broad St, Waterford, NY 12188

(518) 238-3932

Olde Saratoga Coin

219 S Broadway Ste 1, Saratoga Springs, NY 12866

(518) 580-2336

American Gold and Silver Buyers

, Saratoga Springs, NY 12866

(800) 769-1839

Zales

3065 Route 50, Saratoga Springs, NY 12866

(518) 583-6047

Minerva Coin & Jewelry LTD

63 Spring St, Saratoga Springs, NY 12866

(518) 581-7000

The Vault

10 Caroline St, Saratoga Springs, NY 12866

(518) 583-3479

Plumb Gold

3065 Route 50, Saratoga Springs, NY 12866

(518) 580-9394

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.