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 Santaquin 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.

Line Design

815 S 630 W, Payson, UT 84651

(801) 465-3856

Broken Spoke Tack & Feed

10 S 900 E, Payson, UT 84651

(801) 465-7765

ZZZ PAWN SHOP

189 N Main St, Spanish Fork, UT 84660

(801) 798-7444

Drockton Billion & Coin

1266 E Center St, Spanish Fork, UT 84660

(801) 794-2646

Larry's Jewelry & Rock Shop

693 E 100 S, Spanish Fork, UT 84660

(801) 798-2758

Wrap-Bracelets.com

42 North University Ave., Suite 209, Mapleton, UT 84664

(801) 910-7798

Silver Co

1753 S Main St, Mapleton, UT 84664

(801) 491-9090

Check City

1221 N 500 W, Provo, UT 84604

(801) 373-7171

EZ Pawn

305 S University Ave, Provo, UT 84601

(801) 623-5600

Rust Coin & Gift Shop

1774 N University Pkwy Ste 54, Provo, UT 84604

(801) 377-1574

Provo Gold Buyers

275 N University Ave, Provo, UT 84601

(801) 377-6929

Wilson Diamonds

404 W 2230 N, Provo, UT 84604

(801) 226-2565

Zales

1200 Towne Centre Blvd, Provo, UT 84601

(801) 852-9800

Schubachs

1200 Towne Centre Blvd Spc 1084, Provo, UT 84601

(801) 852-5025

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.