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 West Chester 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.

USA Gold and Diamond Exchange

6883 Fountains Blvd, West Chester, OH 45069

(513) 777-6888

Yelton's Fine Jewelers

9263 Schulze Dr, West Chester, OH 45069

(513) 860-1750

Fugazzi Jewelers

9096 Cox Rd, West Chester, OH 45069

(513) 777-6970

Shimmer-Boutique.com

PO Box 952, West Chester, OH 45071

(513) 593-5790

Avenue

7570 Voice Of America Centre Dr, West Chester, OH 45069

(513) 759-6222

J S Gold & Coin

7132 Cincinnati Dayton Rd, Liberty Townshp, OH 45069

(513) 779-1222

FCx

7601 Innovation Way, Mason, OH 45040

(513) 204-0256

James Wolf Jewelers

5375 Deerfield Blvd, Mason, OH 45040

(513) 770-4321

Watch Station Headquarters

4000 Luxottica Pl, Mason, OH 45040

(513) 765-6000

Heritage Coins & Awards

312 W Main St, Mason, OH 45040

(513) 398-9581

Memories That Last A Lifetime

4690 Cox Smith Rd, Mason, OH 45040

(513) 709-8044

Perfect Accents by Lori

817 Riley Ln, Monroe, OH 45050

(502) 868-1319

Ultra Diamonds

846 Premium Outlets Dr, Monroe, OH 45050

(513) 539-8956

Jared The Galleria of Jewelry

846 Premium Outlets Dr, Monroe, OH 45050

(513) 539-8956

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.