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 San Felipe 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.

Chain Of Gold

5000 Katy Mills Cir, Katy, TX 77494

(281) 395-2927

Cristal Stoned Glamour

23915 Nomini Hall Lane, Katy, TX 77493

(210) 392-5724

Highpoint Technology Group

3130 N Fry Rd, Katy, TX 77449

(832) 321-4141

We Buy Gold Center

20035 Katy Freeway, Katy, TX 77449

(832) 778-4848

Diamonds N More

5000 Katy Mills Cir, Katy, TX 77494

(281) 644-2005

Cash America Pawn

3902 N Fry Rd, Katy, TX 77449

(281) 201-5341

Paul Montgomery & Associates

810 S Mason Rd Ste 345, Katy, TX 77450

(832) 437-5266

Gold & Silver

5000 Katy Mills Cir # B21, Katy, TX 77494

(281) 574-1149

Kay Jewelers Outlet

5000 Katy Mills Cir Suite 220, Katy, TX 77494

(281) 693-6021

Gold Connection Jewelers, Watches & Wedding Rings

206 E Highway 90A, Richmond, TX 77406

(281) 346-4165

Zales

5530 W Grand Pkwy S, Richmond, TX 77406

(281) 239-3843

Cash America Pawn

4216 Avenue H, Rosenberg, TX 77471

(281) 342-5656

Cash America Pawn

4216 Avenue H, Rosenberg, TX 77471

(281) 201-5239

Shine Jewelry Co

4203 Avenue H Ste 4, Rosenberg, TX 77471

(281) 342-1309

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.