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 Topeka 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.

T & R Coins

5642 SW 29th St, Topeka, KS 66614

(785) 232-5585

John Burke Rare Coins

1025 SW Wanamaker Rd Ste C, Topeka, KS 66604

(785) 267-1405

GOLD & SILVER BUYERS DIRECT

420 SE 29th St Suite "D", Topeka, KS 66605

(785) 286-7848

Cash 4 Gold & Silver

2861 S Kansas Ave, Topeka, KS 66611

(785) 260-0533

David's Jewelers

623 S Kansas Ave, Topeka, KS 66603

(785) 246-8769

Briman's Leading Jewelers

734 S Kansas Ave, Topeka, KS 66603

(785) 380-4453

Integrity Gun & Pawn

301 NE US Highway 24, Topeka, KS 66608

(785) 232-7296

Calhoun's Jewelers

4029 SW 10th Ave, Topeka, KS 66604

(785) 267-4450

Gold Buyers

2027 SW Fairlawn Rd, Topeka, KS 66604

(785) 271-2362

John Burke Rare Coins

2121 SW Wanamaker Rd Ste 107A, Topeka, KS 66614

(785) 267-1405

David's Jewelers

623 S Kansas Ave, Topeka, KS 66603

(785) 246-8769

Briman's Leading Jewelers

734 S Kansas Ave, Topeka, KS 66603

(785) 380-4453

Calhoun's Jewelers

4029 SW 10th Ave, Topeka, KS 66604

(785) 267-4450

Integrity Gun & Pawn

301 NE US Highway 24, Topeka, KS 66608

(785) 380-4361

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.