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 Squaw Lake 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.

Kelsey's Jewelry

318 Beltrami Ave NW, Bemidji, MN 56601

(218) 444-4367

Ravenrock Jewelry

1000 Paul Bunyan Dr., Suite 102, Bemidji, MN 56601

(218) 444-6040

Pawn USA

207 2nd St NW, Bemidji, MN 56601

(218) 308-7625

Ideal Pawn

265 Paul Bunyan Dr NW, Bemidji, MN 56601

(218) 444-3325

The Coin Box

1045 E US Highway 169, Grand Rapids, MN 55744

(218) 999-7509

Jerry's Coin

904 NE 4th St, Grand Rapids, MN 55744

(218) 326-8928

T & B Pawn & Gun Shop

2530 1st Ave, Hibbing, MN 55746

(218) 263-9335

Iron Hills North Gun & Pawn

324 Barclay Ave, Pine River, MN 56474

(218) 587-3373

Silver Creek Traders

31038 Government Dr, Pequot Lakes, MN 56472

(218) 568-5144

Beadlamite Designs

1501 59th St SW, Baudette, MN 56623

(218) 634-2164

Minnesota Gold Buyers Inc

202 Minnesota Ave N, Aitkin, MN 56431

(218) 927-1433

Rocks The Jeweler

314 Chestnut St, Virginia, MN 55792

(218) 741-7625

DREAMLAND COINS

208 10th St S, Virginia, MN 55792

(218) 741-9399

North Star Gun & Pawn

233 Chestnut St, Virginia, MN 55792

(218) 741-3987

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.