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 Waterford 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.

Leesburg Court Of Shoppes

124 Penny Ln, Sterling, VA 20164

(703) 777-3363

M&H Watch & Jewelry

47100 Community Plz, Suite 110, Sterling, VA 20164

(703) 430-4930

Silver & Gold Connection

21100 Dulles Town Cir, Sterling, VA 20166

(703) 421-7663

Dulles Express Jewelry & Watch Service Center

21100 Dulles Town Cir K12, Sterling, VA 20166

(703) 430-1394

Towne Silver & Goldsmith

21100 Dulles Town Cir Ste 158, Sterling, VA 20166

(703) 404-4027

DMV Gold & Jewelry of Leesburg

25 Catoctin Cir NE, Leesburg, VA 20176

(703) 777-2470

Leesburg Court of Shoppes

19487 James Monroe Hwy, Leesburg, VA 20175

(703) 777-3363

Chili Peppers Collectibles

7 W Market St, Leesburg, VA 20176

(703) 687-4299

Leesburg Court Of Shoppes

319 E Market St, Leesburg, VA 20176

(703) 777-3363

Jewelry Appraisals by Graduate Gemologist

202 Valley View Ave SW, Leesburg, VA 20175

(703) 777-9307

Kind Of Jewelry Store & Pawn

120 E Market St Ste B, Leesburg, VA 20176

(703) 777-9339

Leesburg Jewelers

312 E Market St Ste A, Leesburg, VA 20176

(703) 777-1966

The Other Kind of Jewelry Store

14 S King St, Leesburg, VA 20175

(703) 777-2774

Leesburg Pawn

940 Edwards Ferry Rd NE, Leesburg, VA 20176

(703) 777-9331

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.