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 Thomasville 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.

Forest's Jewelers & Watch Rpr

34 Salem St, Thomasville, NC 27360

(336) 472-7231

Joyeria Luna

1056 National Hwy, Thomasville, NC 27360

(336) 475-0807

J & S Jewelers

14 Salem St, Thomasville, NC 27360

(336) 475-3071

Thomasville Jewelry & Loan

710 E Main St, Thomasville, NC 27360

(336) 476-7296

Gold Exchange

916 Randolph St # B, Thomasville, NC 27360

(336) 472-2258

Barking Dog Jewelry Design Std

1 Oak Meadow Ln, Thomasville, NC 27360

(336) 472-4898

Peebles

1033 Randolph St, Thomasville, NC 27360

(336) 472-9332

It's Fashion

1033 Randolph St, Thomasville, NC 27360

(336) 476-2980

Avis Self Storage

709 Randolph St, Thomasville, NC 27360

(336) 476-9220

West Green Pawn

1410 W Green Dr, High Point, NC 27260

(336) 882-7297

Cash America Pawn

2601 S Main St, High Point, NC 27263

(336) 803-7219

Rany's Jewelry Inc

2705 N Main St Ste 101, High Point, NC 27265

(336) 887-3095

Kay Jewelers

921 Westchester Dr Ste 1220, High Point, NC 27262

(336) 883-2783

Kay Jewelers

921 Eastchester Dr # 1220, High Point, NC 27262

(336) 883-2782

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.