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 Sacramento 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.

Capital City Loan and Jewelry

5656 Auburn Blvd, Sacramento, CA 95841

(916) 520-1891

Sacramento Loan & Jewelry Inc

916 J St, Sacramento, CA 95814

(916) 281-0601

Best Collateral

908 J St, Sacramento, CA 95814

(916) 520-1875

River City Jewelry & Loan

9649 Folsom Blvd, Sacramento, CA 95827

(916) 438-9108

Buy Sell Loan Inc.

4612 Auburn Blvd, Sacramento, CA 95841

(916) 374-7511

Gold-N-Pawn

6618 Florin Rd, Sacramento, CA 95828

(916) 399-9011

Diamond & Gold Vault

1750 Howe Ave, Sacramento, CA 95825

(916) 920-4988

Excelsior Coin Gallery

2710 Arden Way, Sacramento, CA 95825

(916) 246-2328

Americana Rare Coin

8887 Folsom Blvd. Suite 6, Sacramento, CA 95826

(916) 376-7352

Mom's Silver Shop

3510 Auburn Blvd #12, Sacramento, CA 95821

(916) 993-9787

Capital City Loan & Jewelry

3409 El Camino Ave, Sacramento, CA 95821

(916) 487-2274

Crown Precious Metals

3245 Folsom Blvd, Sacramento, CA 95816

(916) 456-6227

Cal National Coin

2943 Fulton Ave, Sacramento, CA 95821

(916) 482-8048

Capital City Loan & Jewelry

7214 Florin Mall Dr, Sacramento, CA 95823

(916) 737-5100

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.