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 Umpire 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.

Fabulous Finds Inc

801 Mena street, Mena, AR 71953

(479) 394-6700

Lindy's Jewelry & Repair

1000 Mena St, Mena, AR 71953

(479) 394-3289

Moon Raven's Cusom Jewelry

811 Mena St, Mena, AR 71953

(479) 234-1994

Southern Specialties Fine Jewelry

49 Courthouse Sq, Murfreesboro, AR 71958

(870) 285-3371

Ace Of Diamonds

201 E Main, Murfreesboro, AR 71958

(870) 285-3133

Jeanine's Fine Jewelry

102 S Main St, Nashville, AR 71852

(870) 845-0011

Huddleston Eugene

1414 Highway 70 E, De Queen, AR 71832

(870) 642-7554

Baker's Bargain House & Sales

168 Highway 71 N, De Queen, AR 71832

(870) 642-6225

Tele Coin Co Inc City

137 W Robinson Rd, De Queen, AR 71832

(870) 642-2048

Gordon's Jewelers

67 Central Rd, Horatio, AR 71842

(870) 832-4596

Blue Moon Crystals & Jewelry

P.O. Box 935, Mount Ida, AR 71957

(870) 898-0869

Crystal Seen Trading Co

2568 Highway 270 E, Mount Ida, AR 71957

(870) 867-4072

Blue Moon Crystals & Jewelry

6328 Highway 270 E, Mount Ida, AR 71957

(870) 867-3209

Green's Jewelry

420 E Hamilton St Ste 7, Ashdown, AR 71822

(870) 898-5600

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.