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 Whittier 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.

What's Hot Shop

989 Tsalagi Rd, Cherokee, NC 28719

(828) 497-9500

Alan's Jewelry & Pawn

510 Paint Town Rd, Cherokee, NC 28719

(828) 554-0431

Smoky Mountain Gold-Ruby Mine

971 Tsali Blvd, Cherokee, NC 28719

(828) 497-6574

Jewelry Outlet

648 W Main St, Sylva, NC 28779

(828) 586-4599

Plaza Pawn & Gun

365 Jackson Plz, Sylva, NC 28779

(828) 586-4500

Gold & Silver Shop

165 Main St, Bryson City, NC 28713

(828) 488-9567

J C Ball

2199 Balltown Rd, Bryson City, NC 28713

(828) 488-9567

Seven Silver Seas

521 Soco Rd, Maggie Valley, NC 28751

(828) 926-1877

Quartzyone

2495 Soco Rd, Maggie Valley, NC 28751

(828) 944-0745

Cowee Valley Lapidary

1408 Ruby Mine Rd, Franklin, NC 28734

(828) 524-2321

Smoky Mountain Jewelers

250 Highlands Rd, Franklin, NC 28734

(828) 349-4653

Cowee Gift Shop & Mason Mtn

5315 Bryson City Rd, Franklin, NC 28734

(828) 524-4570

Anil B Dholakia Inc

4961 Highlands Rd, Franklin, NC 28734

(828) 524-6657

Stewart's Of Franklin-Jewelers

38 E Main St, Franklin, NC 28734

(828) 369-9440

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.