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 Thousand Oaks 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.

Thousand Oaks Gold Buyers

3041 E Thousand Oaks Blvd, Thousand Oaks, CA 91362

(805) 379-0808

Sunset Sterling

2219 E Thousand Oaks Blvd # 459, Thousand Oaks, CA 91362

(805) 374-9114

GOLD24K. KARATBARS INTERNATIONAL

1325 E.T.O. Blvd, Thousand Oaks, CA 91360

(805) 551-0299

Goldfellow

3639 E Thousand Oaks Blvd, Westlake Village, CA 91362

(805) 496-4151

California Metals

2806 Townsgate Rd Ste A, Westlake Village, CA 91361

(818) 706-0411

Conejo Valley Stamp and Coin Inc

2637 Townsgate Rd, Westlake Village, CA 91361

(805) 495-8168

Penny Pinchers A Collectors Paradise

2355 Tapo St Suite 16, Simi Valley, CA 93063

(805) 527-0056

Simi Jewelers & Pawnbrokers

2513 Tapo St Ste 6, Simi Valley, CA 93063

(805) 526-6789

Conejo Valley Stamp and Coin Inc

2637 Townsgate Rd, Westlake Village, CA 91361

(888) 302-8171

Penny Pinchers A Collectors Paradise

2355 Tapo St Suite 16, Simi Valley, CA 93063

(805) 426-9220

Pacific Coast Coin & Currency

1390 Madera Rd, Simi Valley, CA 93065

(805) 306-9979

Simi Valley Cash For Gold

2780 Tapo Canyon Rd, Simi Valley, CA 93063

(877) 465-3676

Simi Valley Cash For Gold

1030B E Los Angeles Ave, Simi Valley, CA 93065

(877) 465-3676

Pacific Coast Coin & Currency

1424 Madera Rd Ste 102, Simi Valley, CA 93065

(805) 306-5900

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.