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 Salem 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.

Las Cruces Gold Buyers

755 S Telshore Blvd, Ste 101 A, Las Cruces, NM 88011

(575) 556-9197

Goldguys

304 Wyatt Dr, Las Cruces, NM 88001

(575) 680-2202

Gold Guys

4025 Calle De Estrellas, Las Cruces, NM 88012

(575) 524-3117

Austins

230 E Idaho Ave, Las Cruces, NM 88005

(575) 323-0291

Wright Jewelers

1300 El Paseo Rd, Las Cruces, NM 88001

(575) 526-2809

Zales

700 S Telshor Blvd Ste 1452, Las Cruces, NM 88011

(575) 522-0843

Kay Jewelers

700 S Telshor Blvd Space 1452, Las Cruces, NM 88011

(575) 521-0975

Gordon's Jewelers

700 S Telshor Blvd, Las Cruces, NM 88011

(575) 522-1800

Make Believe Jewelry and Gifts

1900 S Espina St, Las Cruces, NM 88001

(575) 496-9878

Rocked Out Silver

PO Box 8371, Las Cruces, NM 88006

(575) 202-2678

Jazmina's Dress Up Dress Shop

140 e Madrid ste a, Las cruces, NM 88001

(575) 202-4374

Traderman

122 Avenida De Mesilla, Las Cruces, NM 88005

(575) 541-0215

Geo's Gold & Silver Jewelry

2180 N Main St, Las Cruces, NM 88001

(575) 524-3736

Mmj's Pawn

2215 N Main St, Las Cruces, NM 88001

(575) 526-9053

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.