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 Spencerville 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.

J & K Jewelers

3411 Spencerville Rd, Burtonsville, MD 20866

(301) 421-9871

Everett Designers Of Jewelry

6030 Daybreak Cir Ste A250, Clarksville, MD 21029

(410) 531-7990

SUPERPAWN, Inc.

10119A Washington Blvd N, Laurel, MD 20723

(301) 844-6184

Secret Garden Jewelry and Gifts

14828 Baltimore Ave, Laurel, MD 20707

(240) 456-0425

ACLD Creations

13303 Adams Place, Suite # 301, Laurel, MD 20708

(301) 758-9658

Bling & Things

8733 Contee RD #103, Laurel, MD 20708

(301) 776-2036

Golden Eagle Coin Exchange

8730 Cherry Ln Ste 14, Laurel, MD 20707

(301) 206-9222

Golden Eagle Coin Exchange

3386 Laurel Fort Meade Rd, Laurel, MD 20724

(301) 317-0108

Laurel Jewelry Shop

302 Main St, Laurel, MD 20707

(301) 483-0330

Coin Wrap Inc

6510 Virginia Manor Rd, Laurel, MD 20707

(301) 210-5222

Organol Gold

13007 Old Stage Coach Rd, Laurel, MD 20708

(202) 560-3331

East Coast Pawn Inc

13919 Baltimore Ave Ste 2, Laurel, MD 20707

(301) 497-3100

Best Pawn

10051 N 2nd St, Laurel, MD 20723

(301) 725-0247

Yassi Designs

601 7th St Suite #103, Laurel, MD 20707

(301) 326-5745

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.