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 Warm Springs 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.

Anaconda Coins & Jewelry Exchange

404 E Park Ave, Anaconda, MT 59711

(406) 491-4156

Raven Antiques & Appraisals

404 E Park Ave, Anaconda, MT 59711

(406) 491-4156

Beyond Necessity Gifts

301 E Park Ave, Anaconda, MT 59711

(406) 563-3218

Hoyal Jewelry

116 E Park Ave, Anaconda, MT 59711

(406) 563-2081

The Desiderio Gallery

366 Tristan River Ln, Deer Lodge, MT 59722

(406) 498-3273

All Star Collectibles

2225 Amherst Ave, Butte, MT 59701

(406) 723-1155

Bruce & Bob's Good Guy Pawn

202 S Arizona St, Butte, MT 59701

(406) 565-4483

Keenan Jewelers

BUTTE Plz, Butte, MT 59701

(406) 494-2897

Asterism Services

7 S Montana St, Butte, MT 59701

(406) 723-2156

Riddle's Jewelry

3100 Harrison Ave Ste E3, Butte, MT 59701

(406) 494-4534

Keenan Jewelers

3100 Harrison Ave # C5, Butte, MT 59701

(406) 494-2897

Jensen Jewelers

3215 Harrison Ave, Butte, MT 59701

(406) 494-1115

All Star Collectibles

1822 Harrison Ave, Butte, MT 59701

(406) 723-1155

Coins N Cards

1867 Harrison Ave, Butte, MT 59701

(406) 782-4237

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.