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 Spanish Fort 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.

US Gold Kit

, Spanish Fort, AL 36527

(251) 626-9433

Spanish Fort Gold & Coin

6450 US Highway 90 Ste H, Spanish Fort, AL 36527

(251) 626-5050

Ware Jewelers

30500 State Highway 181 Ste 316, Spanish Fort, AL 36527

(251) 338-9273

Private Gallery

30500 State Highway 181 Ste 220, Spanish Fort, AL 36527

(251) 621-3767

East Bay Coin & Jewelers

25945 State Highway 181, Daphne, AL 36526

(251) 625-3332

American Gold Parties

2101 U S Hwy 98, Daphne, AL 36526

(251) 626-0777

East Bay Coin & Jewelers

25945 State Highway 181, Daphne, AL 36526

(251) 625-3332

Wade Jewelers

27955 US Highway 98, Daphne, AL 36526

(251) 621-7890

Gold Mine Pawn Shop

602 US Highway 98, Daphne, AL 36526

(251) 626-6500

Southern Bullion Coin-Jewelry

6850 US Highway 90, Daphne, AL 36526

(251) 625-1818

Eddie's Wholesale Jewelry

29182 US Highway 98, Daphne, AL 36526

(251) 626-2525

T J's Jewelry - CLOSED

602 US Highway 98, Daphne, AL 36526

(251) 626-6500

Wade Jewelers

28588 US Highway 98 Ste 6, Daphne, AL 36526

(251) 621-7890

Private Gallery

1014 Stanton Rd Ste C, Daphne, AL 36526

(251) 626-7556

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.