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 Liberty 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.

Mallory's

125 E 3rd St, West Liberty, IA 52776

(319) 627-2922

Black & Gold Vapors

440 Kirkwood Ave, Iowa City, IA 52240

(319) 359-1384

Herteen & Stocker Jewelers

101 S Dubuque St, Iowa City, IA 52240

(319) 338-4212

Andre Custom Jewelry

741 Mormon Trek Blvd, Iowa City, IA 52246

(319) 338-6757

Beadology Iowa

220 E Washington St, Iowa City, IA 52240

(319) 359-7328

Money And More Of Iowa City

1025 S Riverside Dr, Iowa City, IA 52246

(319) 359-7077

Glassando

201 S Clinton St Ste 116, Iowa City, IA 52240

(319) 341-7887

Wgn Companies

19 S Dubuque St, Iowa City, IA 52240

(319) 351-0011

Bella Joli

414 Highland Ct, Iowa City, IA 52240

(319) 341-4562

Bella Joli

125 S Dubuque St Ste A, Iowa City, IA 52240

(319) 341-4562

A & A Coins & Collectables

248 Woolf Ave, Iowa City, IA 52246

(319) 338-1424

Dean Oakes Numismatist Office

1656 Sycamore St, Iowa City, IA 52240

(319) 338-1144

M C Ginsberg Jewelers Inc

110 E Washington St, Iowa City, IA 52240

(319) 351-1700

Lionne Designs

414 Highland Ct, Iowa City, IA 52240

(319) 887-3302

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.