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 Suffolk 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.

Precision Pawn

892 N. Main St. (Suffolk Plaza Shopping Center), Suffolk, VA 23434

(757) 925-2969

Affordable Gold Buyers

1238 Holland Rd, Suffolk, VA 23434

(757) 809-5554

Sonnys Pawn Shop

3104 High St, Portsmouth, VA 23707

(757) 399-4411

Jems From Jennie

5750 Churchland Blvd, Portsmouth, VA 23703

(757) 484-9581

Churchland Pawn Shop

4241 Portsmouth Blvd, Portsmouth, VA 23701

(757) 337-0850

Hampton Roads Gold Exchange

1160 Big Bethel Rd, Hampton, VA 23666

(757) 838-4653

TBM Precious Metals

4410 Claiborne Sq E Ste 334, Hampton, VA 23666

(757) 746-3614

Hampton Roads Exchange

1328 E Pembroke Ave, Hampton, VA 23669

(757) 848-5103

TBM Precious Metals

26 Town Center Way # 194, Hampton, VA 23666

(757) 746-3614

Reed S Walton Coins

1138 Big Bethel Rd, Hampton, VA 23666

(757) 838-4366

Mercury Pawn Shop

3300 W Mercury Blvd Ste A, Hampton, VA 23666

(757) 826-0500

Cash Quick

3300 W Mercury Blvd Ste A, Hampton, VA 23666

(757) 826-0500

Langley Pawn Shop Inc

1115 N King St, Hampton, VA 23669

(757) 723-2222

Chucks Camera Plus

555 Settlers Landing Rd, Hampton, VA 23669

(757) 509-1900

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.