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 Waverly 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.

Tenenbaums Jewelry

219 W Bremer Ave, Waverly, IA 50677

(319) 352-0873

The Designer's Bench

720 3rd St SE, Waverly, IA 50677

(319) 269-4126

Ford, Linda

2235 Larrabee Ave, Waverly, IA 50677

(319) 352-2149

Tenenbaum's Jewelry Inc

219 E Bremer Ave, Waverly, IA 50677

(319) 352-4112

Casey Coin Precious Metals

5223 University Ave, Cedar Falls, IA 50613

(319) 266-7662

Coin Shop

2512 White Tail Dr, Cedar Falls, IA 50613

(319) 277-7797

L R Jewelers

323 Main St, Cedar Falls, IA 50613

(319) 266-1705

Zales

6301 University Ave, Cedar Falls, IA 50613

(319) 277-7447

Davidson Dittmer Jewelers

116 Main St, Cedar Falls, IA 50613

(319) 266-2601

Kay Jewelers

6301 University Ave Ste 1300, Cedar Falls, IA 50613

(319) 277-2475

Precieux Art Jewelers

6015 University Ave, Cedar Falls, IA 50613

(319) 277-0717

Riddle's Jewelry

6301 University Ave Ste 1185, Cedar Falls, IA 50613

(319) 277-2250

Duee's Pawn

2024 Center St, Cedar Falls, IA 50613

(866) 924-4047

Luxuron Inc

5814 Westminster Dr, Cedar Falls, IA 50613

(319) 553-0237

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.