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 Wartrace 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.

Speedy Cash

1698 Memorial Blvd, Murfreesboro, TN 37129

(615) 713-1697

Cash America Pawn

320 SE Broad St, Murfreesboro, TN 37130

(615) 494-1842

Toliver's Jewelry & Loan Co

115 SE Broad St, Murfreesboro, TN 37130

(615) 893-1951

Cash America Pawn

320 SE Broad St, Murfreesboro, TN 37130

(615) 713-2533

Bell Jewelers

821 NW Broad St, Murfreesboro, TN 37129

(615) 893-9162

Platinum And Gold Jewelry

202 N Thompson Ln, Murfreesboro, TN 37129

(615) 624-6086

Murfreesboro Pawn And Gun

338 SE Broad St, Murfreesboro, TN 37130

(615) 895-2274

Tom's Pawn And Wholesale Jewelry

1215 NW Broad St, Murfreesboro, TN 37129

(615) 849-3550

Three Silver Monkeys

2920 Comer Dr, Murfreesboro, TN 37128

(615) 896-7465

First Cash

111 E Mtcs Rd, Murfreesboro, TN 37129

(615) 624-9079

Gold & Coin Connextion

2568 S Church St, Murfreesboro, TN 37127

(615) 890-2646

Speedy Cash

1698 Memorial Blvd, Murfreesboro, TN 37129

(615) 713-1697

Smyrna Coin

1410 Kensington Square Ct Ste 102, Murfreesboro, TN 37130

(615) 410-7183

Smyrna Coin

1410 Kensington Square Ct Suite 102, Murfreesboro, TN 37130

(615) 355-6400

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.