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 Scott Depot 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.

Red Fox Antiques & Cash 4 Gold

6164 Teays Valley Rd, Scott Depot, WV 25560

(304) 757-9598

Marrs Jewelers Inc.

1 Bank St, Nitro, WV 25143

(304) 755-1631

Ultimate Pawn & Performance

3113 Teays Valley Rd, Hurricane, WV 25526

(304) 397-6518

Calvin Broyles Jewelers

24 Scott Way, Suite 10, Hurricane, WV 25526

(304) 757-3920

Stamper Jewelry

270 Progress Way, Hurricane, WV 25526

(304) 562-7474

Stamper Jewelry

3522 Teays Valley Rd, Hurricane, WV 25526

(304) 562-7800

Jostens

3501 Teays Valley Rd, Hurricane, WV 25526

(304) 397-6565

Broyles Calvin Jewelers

4144 State Route 34 Ste 4, Hurricane, WV 25526

(304) 757-3920

Stamper Jewelry & Loan

3536 Teays Valley Rd, Hurricane, WV 25526

(304) 562-7800

The Coin Man

2412 Kanawha Ter Ste 4, Saint Albans, WV 25177

(304) 382-2651

Dean's Pawn Shop

313 Maccorkle Ave, Saint Albans, WV 25177

(304) 722-4657

KV Jewelry and Loan

101 MacCorkle Ave, Saint Albans, WV 25177

(304) 721-4618

Diamond Used Cars

1825 Maccorkle Ave, Saint Albans, WV 25177

(304) 727-1099

Olde Timer Clock Shop

2223 State St, Culloden, WV 25510

(304) 743-8010

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.