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.

Lionville Jeweler

453 Uwchlan Ave, Chester Springs, PA 19425

(610) 594-8131

American Gold And Estate Buyers Inc

4 Walnut Ave, Berwyn, PA 19312

(610) 640-4653

Michelle Book Reiki/Reiki Infused Jewelry

1055 Westlakes Dr, Berwyn, PA 19312

(610) 858-8840

Ree Gallagher Jewelry

224 Pond Vw, Chadds Ford, PA 19317

(610) 388-1694

Dan Doubet Jewelers

100 Ridge Rd Ste 42, Chadds Ford, PA 19317

(610) 358-8989

Dan Doubet Jewelers-Chadds Frd

21 Old Rdg Vlg, Chadds Ford, PA 19317

(610) 358-8989

Benari Jewelers

3606 W Chester Pike, Newtown Square, PA 19073

(610) 355-1800

Littman Jewelers

3551 W Chester Pike, Newtown Square, PA 19073

(724) 832-9477

Uniquely Diamonds

3513 W Chester Pike, Newtown Square, PA 19073

(610) 356-5025

Goldsmith Mccarthy Stephen

10 Smedley Ln, Newtown Square, PA 19073

(610) 356-5081

Alex Perakis Coins & Currency

P.O. Box 246, Glen Riddle Lima, PA 19037

(610) 627-1212

422 jewelrs

1224 Egypt Road, Phoenixville, PA 19460

(610) 551-3060

Diving Cat Studio Gallery

246 Bridge Street, Phoenixville, PA 19460

(610) 933-3901

Wolfberg Jewelers

228 Bridge St, Phoenixville, PA 19460

(610) 933-3052

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.