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 Sparkill 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.

A B Artisans

474 Piermont Ave Ste A, Piermont, NY 10968

(845) 359-6639

Jack Gabriel Jewelry

269 Livingston St Ste F, Northvale, NJ 07647

(201) 767-7042

Northvale Jewelry Exchange

269 Livingston St Ste F, Northvale, NJ 07647

(201) 941-5149

Moa International

230 Union St, Northvale, NJ 07647

(201) 784-8805

Hildas Jewelry

269 Livingston St # F, Northvale, NJ 07647

(201) 767-1612

Silver Touch

269 Livingston St Ste S, Northvale, NJ 07647

(201) 767-5517

Rainbow Gems

269 Livingston St # F, Northvale, NJ 07647

(201) 767-7571

Edgekraft

37 Ramland Rd, Orangeburg, NY 10962

(845) 398-1600

Audrey's

103 Main St, Dobbs Ferry, NY 10522

(914) 231-7820

Soho East

12 Elm St, Dobbs Ferry, NY 10522

(914) 262-1738

Rosenwasser Pearl S Jwlr

8 Cedar St, Dobbs Ferry, NY 10522

(914) 693-4094

GLITTERS JEWELRY

59 Main Street, Irvington, NY 10533

(914) 231-7793

Hudson Valley Numismatics

, Hastings On Hudson, NY 10706

(914) 649-3317

Hudson Valley Numismatics

, Hastings On Hudson, NY 10706

(914) 649-3317

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.