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 Virginia Beach 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.

Madison Jewelers

5304 Providence Rd, Virginia Beach, VA 23464

(757) 828-4040

Beach Gold Assay

3813 Princess Anne Rd Ste 124, Virginia Beach, VA 23456

(757) 769-8797

Long Jewelers

2965 Virginia Beach Blvd, Virginia Beach, VA 23452

(757) 394-3186

Collectors Choice

5441 Virginia Beach Blvd # 120, Virginia Beach, VA 23462

(757) 439-1516

Collectors Choice

309 Aragona Blvd # 103, Virginia Beach, VA 23462

(757) 623-1944

Silver Eagle Coins & Collectibles

2724 North Mall Drive, Virginia Beach, VA 23452

(757) 351-1105

Hull, Linda

309 Aragona Blvd, Virginia Beach, VA 23462

(757) 623-1944

World Collectibles & Pawn

4469 Blackbeard Rd, Virginia Beach, VA 23455

(757) 313-7487

Candl Coins & Stamps

536 Independence Blvd, Virginia Beach, VA 23462

(757) 499-5156

Cash Converters

564 First Colonial Rd, Virginia Beach, VA 23451

(757) 422-4400

Gold Plus Recycling Pembroke Mall

4554 Virginia Beach Blvd, Virginia Beach, VA 23462

(757) 814-4494

Old Dominion Laboratory

6041 Indian River Rd, Virginia Beach, VA 23464

(757) 639-5200

Princess Anne County Coins

2692 Virginia Beach Blvd, Virginia Beach, VA 23452

(757) 463-1360

Cash Converters

3877 Holland Rd, Virginia Beach, VA 23452

(757) 306-9690

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.