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 Springvale 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.

Jewelers Outlet

879 Main St, Sanford, ME 04073

(207) 490-5838

G M Pollack & Sons

941 Main St # 520, Sanford, ME 04073

(207) 490-9824

Ne Me Ho Jewelry

RR 202, Alfred, ME 04002

(800) 850-8420

Santora Fine Art

1230 S Waterboro Rd, Lyman, ME 04002

(207) 499-4089

Ring Weaver Designs

165 Diamond Hill Rd, North Berwick, ME 03906

(207) 251-5863

Nicole's Creations

126 Northland Ct, North Waterboro, ME 04061

(207) 468-0782

Anita's Beads

2517 Wakefield Road, Sanbornville, NH 03872

(603) 522-6529

The Deep Blue Inc

8 Western Ave Ste 2, Kennebunk, ME 04043

(207) 967-6185

Benoits Portside

4 Spring St, Kennebunk, ME 04043

(207) 967-2950

Lakeshore Adventures

11 Main Street, Limerick, ME 04048

(207) 370-4508

Stateline Gold Buyers

4 Main St, Somersworth, NH 03878

(603) 841-5893

Nh Pain Technologies

255 Route 108, Somersworth, NH 03878

(603) 841-5970

Daphne's Jewelry Works

1 Front St, Rochester, NH 03868

(603) 740-4447

Des Marais Diane

25 Pine St, Rochester, NH 03867

(603) 332-8999

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.