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 Point 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.

Mikes World Of Coins

9 Windsor Ln, Cornwall, NY 12518

(845) 534-5614

Joseph's Fine Jewelry

169 Main St, Cold Spring, NY 10516

(845) 265-2323

Side Effects/NY

137 Main St, Cold Spring, NY 10516

(914) 621-1560

Open Concept Gallery

125 Main St, Cold Spring, NY 10516

(845) 260-0141

Momminia Jewelry & Beads

113 Main St Ste 1, Cold Spring, NY 10516

(845) 265-2260

DJV Jewelry Corporation

1005 Park St, Peekskill, NY 10566

(914) 737-6550

Cowan's Jewelers

335 Windsor Hwy, New Windsor, NY 12553

(845) 561-1272

Tali Jewelry Design

3039 E Main St, Mohegan Lake, NY 10547

(914) 930-8091

Fort Knox Gold Buyers

165 Route 32, Central Valley, NY 10917

(845) 928-4653

Zales

443 Evergreen Ct, Central Valley, NY 10917

(845) 928-5132

Kay Jewelers

344 Red Apple Ct # 344, Central Valley, NY 10917

(845) 928-3892

Kay Jewelers Outlet

889 Grapevine Ct, Central Valley, NY 10917

(845) 928-3892

Kay Jewelers

889 Grapevine Ct, Central Valley, NY 10917

(845) 928-3892

Anthony Jewelry & Coin

3633 Hill Blvd, Jefferson Valley, NY 10535

(914) 302-6932

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.