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 Helen 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.

Instant Cash Advance

2496 I 75 Business Loop, West Branch, MI 48661

(989) 345-0400

Jim's Wholesale Gems

2540 Woodlawn Dr, West Branch, MI 48661

(989) 701-6835

The Silver Lining Boutique & Wine Tasting Room

224 W Houghton Ave, West Branch, MI 48661

(989) 345-5226

Ms. LadyBalls

214 W Houghton Ave, West Branch, MI 48661

(989) 415-2569

Gold Rush Jewelers

828 W Houghton Lake Dr, Prudenville, MI 48651

(989) 366-7071

Gardiner's Jewelry

706 Lake St, Roscommon, MI 48653

(989) 275-5512

Peebles

3451 W Houghton Lake Dr, Houghton Lake, MI 48629

(989) 366-0477

Walt's Coin & Bullion

1186 Northern Trl, Alger, MI 48610

(989) 873-3942

Instant Cash Advance

172 James Robertson Dr, Gladwin, MI 48624

(989) 426-0100

Butterfly

1476 Recreation Dr, Gladwin, MI 48624

(989) 246-1520

Gladwin Hobby Shop

400 E Cedar Ave, Gladwin, MI 48624

(989) 426-7300

Jenkins Custom Jewelers

247 W Cedar Ave, Gladwin, MI 48624

(989) 426-4409

Davis Jewelers

235 E Michigan Ave, Grayling, MI 49738

(989) 348-5111

Gems By Em

5757 8 Mile Rd, Bentley, MI 48613

(989) 832-1676

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.