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 Waukee 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.

Set2Please

7865 Drake St, Clive, IA 50325

(515) 249-6707

Designs Of Love

13953 Lake Shore Dr, Clive, IA 50325

(515) 971-6810

Coins Stamps 'N' Stuff

8190 Hickman Rd, Clive, IA 50325

(866) 791-2451

Anglo Diamond

12851 University Ave, Clive, IA 50325

(515) 218-8033

Jane Foreman, Jane Foreman Designs

208 SE Main St, Grimes, IA 50111

(515) 971-4941

Gold Guys

101 Jordan Creek Pkwy # 11273, West Des Moines, IA 50266

(515) 223-1021

Gold Doctors

2800 University Ave Ste H1A, West Des Moines, IA 50266

(515) 223-4499

Josephs Jewelry Stores

5425 Mills Civic Pkwy, West Des Moines, IA 50266

(515) 318-7316

Helzberg

101 Jordan Creek Pkwy # 11270, West Des Moines, IA 50266

(515) 226-9111

Hermans Fine Jewelry

2900 University Ave Ste B4, West Des Moines, IA 50266

(515) 222-2600

Zales

101 Jordan Creek Pkwy Ste 12180, West Des Moines, IA 50266

(515) 225-8296

Josephs Jewelry Stores

1551 Valley West Dr Ste 229, West Des Moines, IA 50266

(515) 223-6044

S Joseph & Sons Inc

5425 Mills Civic Pkwy, West Des Moines, IA 50266

(515) 440-2991

Iowa Diamond

4601 Westown Pkwy Ste 215, West Des Moines, IA 50266

(515) 246-8070

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.