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 Saint Albans 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.

Esthers Creations Inc

194-37 114 Road Ste. 0003, Saint Albans, NY 11412

(718) 776-4663

Val's Craft City

20506 115th Ave, Saint Albans, NY 11412

(929) 277-6578

A F Design Inc

19320 Keno Ave, Hollis, NY 11423

(347) 548-5236

Linden Jewels

22803 Linden Blvd, Cambria Heights, NY 11411

(718) 276-0050

Galaxie Gems

PO Box 110005, Cambria Heights, NY 11411

(646) 732-8411

Isin Gold Corp

21617 Merrick Blvd, Laurelton, NY 11413

(718) 525-4654

Pawn & Sell

22216 S Conduit Ave, Springfield Gardens, NY 11413

(718) 949-7296

Howard Jewelers

21702 Jamaica Ave, Queens Village, NY 11428

(718) 465-3335

Gem Pawnbrokers Corp

21615 Jamaica Ave, Queens Village, NY 11428

(718) 464-5179

Allthatsmith.com

P.O. Box 280648, Jamaica, NY 11428

(917) 446-2256

Sterling Silver

25942 Craft Ave, Rosedale, NY 11422

(718) 723-6410

King Pawn Usa

24120 S Conduit Ave, Rosedale, NY 11422

(718) 276-1200

EZ Pawn

25306 Rockaway Blvd, Rosedale, NY 11422

(718) 341-7296

Enterprise Pawnbrokers Inc.

1303 Hempstead Tpke, Elmont, NY 11003

(516) 204-9408

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.