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 Scranton 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.

Designs By Faith

683 Bridgewood Sq, Belhaven, NC 27810

(252) 943-0271

Carolina Bead N' Button

1110 Wilson Street Ext, Plymouth, NC 27962

(252) 793-5223

Jewel Shoppe

110 W Water St, Plymouth, NC 27962

(252) 793-4515

It's Fashion

512 Pamlico Plz, Washington, NC 27889

(252) 974-5498

Downs Jewelers

315 Decoy Dr, Washington, NC 27889

(252) 946-1623

Inner BANKS Icehouses

806 Swan Point Dr, Washington, NC 27889

(252) 975-2468

Frank's Jewelers

160 W Main St, Washington, NC 27889

(252) 946-2378

Stewart's Jewelry Store

121 N Market St, Washington, NC 27889

(252) 946-2611

1 of a kind jewelry mall, ltd

117 Pirate Cove Rd, Washington, NC 27889

(252) 946-7987

Premier Designs Independent Distributor - Marilene Corbett

PO Box 1331, Chocowinity, NC 27817

(252) 414-0009

Zales

3154 Dr M L King Jr Blvd, New Bern, NC 28562

(252) 638-4977

Mike's Downtown Jewelers

222 Middle St, New Bern, NC 28560

(252) 649-3155

Gifted Sista

429 Garner Rd, New Bern, NC 28560

(888) 489-1638

J & W Jewelry & Loan

2406 Dr M L King Jr Blvd, New Bern, NC 28562

(252) 637-7999

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.