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 South Pasadena 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.

Alhambra Coin Center

254 E Main St, Alhambra, CA 91801

(626) 282-1151

Silver Jewelry House

27 W Main St Ste A, Alhambra, CA 91801

(626) 457-1168

Miracle Mile Coin Center

2515 Huntington Dr, San Marino, CA 91108

(626) 396-4060

R & R Jewelry Watch

2210 S Atlantic Blvd, Monterey Park, CA 91754

(323) 727-5050

S H Gold Bullion Inc

250 E Garvey Ave, Monterey Park, CA 91755

(626) 307-4312

Gold Farms

8512 Garvey Ave, Rosemead, CA 91770

(626) 872-6800

Brown's Jewelry & Loan Co

8222 Garvey Ave, Rosemead, CA 91770

(626) 280-0440

American Buying Service

4961 Santa Anita Ave, Temple City, CA 91780

(626) 279-6100

Baldwin Jewelers

15 Kersting Ct, Sierra Madre, CA 91024

(626) 355-5771

Speedy Cash

11000 Lower Azusa Rd, El Monte, CA 91731

(626) 618-6923

Valley Jewelry & Loan Company

11841 Valley Blvd, El Monte, CA 91732

(626) 444-7296

Gold Buyers of California

3545 Lexington Ave, El Monte, CA 91731

(626) 575-1621

American Buying Service Inc

4961 Santa Anita Ave, El Monte, CA 91731

(626) 279-6100

Alla Pawn Shop

3014 Peck Rd, El Monte, CA 91731

(626) 448-4400

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.