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 Umatilla 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.

Goss Family Jewelers

215 E Main St Suite D, Hermiston, OR 97838

(541) 605-2523

Goss Family Jewelers

138 E Main St, Hermiston, OR 97838

(541) 567-2583

Ace Jewlery & Loan

80876 N Highway 395, Hermiston, OR 97838

(541) 289-1223

Alexander Daniel Jewlery Works

245 E Main St Ste C, Hermiston, OR 97838

(541) 289-5001

Ed and Moes Pawn Shop & Guitar Bar

419 W Entiat Ave Ste. C, Kennewick, WA 99336

(509) 586-7560

Ace Jewelry & Loan

429 W Entiat Ave, Kennewick, WA 99336

(509) 591-9280

Coin Cradle

2810 W Kennewick Ave Ste E, Kennewick, WA 99336

(509) 735-1507

R & D Coins & Jewelry

510 W 1st Ave, Kennewick, WA 99336

(509) 586-0681

The Pawn Shop

719 W Columbia Dr, Kennewick, WA 99336

(509) 582-8793

Ben Bridge Jewelers

1321 N Columbia Center Blvd Ste 381, Kennewick, WA 99336

(509) 783-1205

Ben Bridge Jewelers

381 S Columbia Center Blvd, Kennewick, WA 99336

(509) 783-1205

Door's Jewelry

2214 W 4th Ave, Kennewick, WA 99336

(509) 582-7772

Fred Meyer Jewelers

1321 N Columbia Center Blvd Ste 487, Kennewick, WA 99336

(509) 736-0992

Fred Meyer Jewelers

2811 W 10th Ave, Kennewick, WA 99336

(509) 735-8715

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.