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 White Rock 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.

Golden Eagle Precious Metals Exchange

403 Chapin Rd, Chapin, SC 29036

(803) 345-8806

Palmetto Gems & Gemological Services

130 B Amicks Ferry Road, Chapin, SC 29036

(803) 407-6661

Julia Neal Interiors Apparel & Fine Jewelry

223 Columbia Ave, Chapin, SC 29036

(803) 345-3320

Columbia Gold and Gallery

7532 Woodrow St, Irmo, SC 29063

(803) 315-0332

Golden Eagle Precious Metals Exchange

1100 Dutch Fork Rd (Wal Mart), Irmo, SC 29063

(803) 217-1021

Beckham, Joan E

1751 Kennerly Rd, Irmo, SC 29063

(803) 781-3589

Dems Fine Jewelers

1068 Lake Murray Blvd, Irmo, SC 29063

(803) 407-5290

Boltinhouse Jewelers

3015 Platt Springs Rd, West Columbia, SC 29170

(803) 794-1466

Palmetto Gold & Pawn

1622 Airport Blvd, West Columbia, SC 29169

(803) 794-3639

West Columbia Pawn Shop

1215 Augusta Rd, West Columbia, SC 29169

(803) 739-4555

Tri-City Pawn Shop Inc

302 Charleston Hwy, West Columbia, SC 29169

(803) 796-5255

N B Handy

110 Archive Ct, West Columbia, SC 29169

(803) 791-0900

Satterfield's Jewelry Wrhse

2909 Platt Springs Rd, West Columbia, SC 29170

(803) 794-0302

Phelps Jewelers

950 Sunset Blvd, West Columbia, SC 29169

(803) 794-1444

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.