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 Wadmalaw Island 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.

Island Gold and Silver

3338 Maybank Hwy Ste C, Johns Island, SC 29455

(843) 901-0207

New York Jewelry

979 River Rd, Johns Island, SC 29455

(843) 557-1336

Designs by Crickett

6104 Young St, Ravenel, SC 29470

(843) 209-9362

Charleston Gold Store

1414 Savannah Hwy, Charleston, SC 29407

(843) 277-2926

American Precious Metals-

253 King St, Charleston, SC 29401

(843) 722-2073

Polly's Fine Jewelry - West Ashley

2048 Sam Rittenberg Blvd, Charleston, SC 29407

(843) 763-0017

Gold King

105 Broad St, Charleston, SC 29401

(843) 937-0801

Charleston Gold, Silver, and Collectibles LLC

1377 Ashley River Rd, Charleston, SC 29407

(843) 212-5862

Lowcountry Diamond & Gold

1738 Ashley River Rd, Charleston, SC 29407

(843) 769-0107

Charleston Coin Exchange

1730 Savannah Hwy, Charleston, SC 29407

(843) 637-3304

Bring Your Gold

1418 Remount Rd, North Charleston, SC 29406

(843) 637-4994

Elite Liquidations, LLC

PO Box 80158, Charleston, SC 29416

(843) 225-0420

George's Loan & Music Co

516 King St, Charleston, SC 29403

(843) 723-1051

George's Loan & Music Co

516 King St, Charleston, SC 29403

(843) 723-1051

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.