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 Slovan 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.

Accent On Gold

7900 Steubenville Pike Ste 33, Imperial, PA 15126

(724) 695-7717

Wheeling Coin

1900 Pennsylvania Ave, Weirton, WV 26062

(304) 723-7204

Wheeling Coin

350 Three Springs Dr, Weirton, WV 26062

(304) 723-6036

Prestige Pawn Shop

1306 Potomac Ave, Weirton, WV 26062

(304) 723-5853

Prestige Coins

1306 Potomac Ave, Weirton, WV 26062

(304) 723-5658

Wheeling Coin

3628 Main St, Weirton, WV 26062

(304) 748-1567

Wheeling Coin

2417 Pennsylvania Ave, Weirton, WV 26062

(304) 723-2355

R.E. Saxon Jeweler

333 Penco Road, Weirton, WV 26062

(304) 723-2727

SerenDipity Boutique

324 B Penco Road, Weirton, WV 26062

(412) 999-9015

Greiff Tina

3012 Estate Dr, Oakdale, PA 15071

(412) 787-7575

Wheeling Coin

106 Togo St, Wellsburg, WV 26070

(304) 737-1077

Filberto Jewelers

RR 2, Wellsburg, WV 26070

(304) 737-0021

Cashland

2134 Sunset Blvd, Steubenville, OH 43952

(740) 461-2704

Zales

100 Mall Dr Unit D1, Steubenville, OH 43952

(740) 266-9571

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.