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 Wendell 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.

The Hook Company

2012 South Main Street, Suite 510, Wake Forest, NC 27587

(919) 570-0300

Lyda's Dream

PO Box 1633, Wake Forest, NC 27588

(855) 716-0443

Selma Jewelry Co

108 N Raiford St, Selma, NC 27576

(919) 965-8582

Crosses For Christ

1540 Firetower Rd, Selma, NC 27576

(919) 524-3385

La Plazita Latina Jewelry

1120 S Pollock St, Selma, NC 27576

(919) 351-0495

Cathi Winborne Jewelry

6748 Winborne Rd, Sims, NC 27880

(888) 991-6424

Evans Jewelers

103 S 3rd St, Smithfield, NC 27577

(919) 300-7923

Zales

1221 Industrial Park Dr, Smithfield, NC 27577

(919) 209-0000

Zales

1025 Outlet Center Dr # 1221, Smithfield, NC 27577

(919) 209-0000

Kay Jewelers Outlet

1025 Outlet Center Dr Ste 430, Smithfield, NC 27577

(919) 938-2444

Bubblykimjoydesigns

127 Weatherspoon Ln, Smithfield, NC 27577

(919) 464-3068

The Jewel Box

1699 E Booker Dairy Rd, Smithfield, NC 27577

(919) 934-2500

Ultra Diamonds

1025 Industrial Park Dr, Smithfield, NC 27577

(919) 938-2444

Zales Jewelers Outlet

1221 Outlet Center Dr, Smithfield, NC 27577

(919) 209-0000

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.