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 Works 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.

We Buy Gold and Silver

212 S White Horse Pike, Waterford Works, NJ 08089

(856) 809-6489

We Buy Gold & Silver

212 White Horse Pike, Atco, NJ 08004

(856) 809-6489

Cash For Coins

78 S White Horse Pike, Berlin, NJ 08009

(856) 767-9438

Raphael Pawnbrokers

122 S White Horse Pike, Berlin, NJ 08009

(856) 336-3273

Berlin Cash For Gold

37 W White Horse Pike, Berlin, NJ 08009

(856) 210-6114

We Buy Gold & Silver

599 Nj 73, Berlin, NJ 08009

(856) 809-6011

Meritz Jewelers

41 Clementon Rd, Berlin, NJ 08009

(856) 767-1456

Raphael Fine Jewelry & Pawn

122 S White Horse Pike, Berlin, NJ 08009

(856) 753-8862

Joe The Jeweler

37 W White Horse Pike, Berlin, NJ 08009

(856) 809-2760

Meritz Jewelers

41 Berlin Farmers Market, Berlin, NJ 08009

(856) 767-1456

Perfect Jewelry Inc

41 Clementon Rd, Berlin, NJ 08009

(856) 767-7787

Cash For Coins

78 S White Horse Pike, Berlin, NJ 08009

(856) 767-9438

Raphael Pawnbrokers

122 S White Horse Pike, Berlin, NJ 08009

(856) 336-3273

We Buy Gold & Silver - CLOSED

100 Cross Keys Rd, Berlin, NJ 08009

(856) 210-6820

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.