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 Tomah 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.

Mockler Jewelers

22123 Fleming Ave, Tomah, WI 54660

(608) 372-7829

Strazdins Jewelry Studio

505 Main St, Wilton, WI 54670

(608) 435-6603

Rosie's Creations

19333 Juneau Rd, Wilton, WI 54670

(608) 372-7633

Sparta Gold Exchange

418 W Wisconsin St, Sparta, WI 54656

(608) 269-0030

Biederman Jewelers

109 S Water St, Sparta, WI 54656

(608) 269-8131

Mark's Jewelry

237 Main St, Elroy, WI 53929

(608) 462-5545

Gloria Jean Jewelry

870 Oak Ridge Ct Apt 307, Mauston, WI 53948

(608) 847-5396

Ohnan Pearls & Gifts

N1901 Wafle Rd, Mauston, WI 53948

(608) 847-3313

Jewley Creations by Nettie Ann

N6131 Marts Road, Black River Falls, WI 54615

(715) 284-2205

E&S Coins

211 Main St, Wonewoc, WI 53968

(608) 985-7400

Jewelers Bench

8840 County Road Z, Nekoosa, WI 54457

(715) 325-7947

Brush Hollow Studio

S4709 County Rd S, Viroqua, WI 54665

(608) 637-7949

Biederman Jewelers Inc

S5199 Deaver Ln, Viroqua, WI 54665

(608) 637-2191

Gary's Rock Shop

317 S Main St, Viroqua, WI 54665

(608) 637-7700

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.