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 Wicomico Church 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.

Ross's Rings and Things

200 Irvington Rd, Kilmarnock, VA 22482

(804) 435-3529

Broken Chain Gold, LLC

25 Sandy Street/Fine Antiques, Callao, VA 22435

(540) 842-5426

Goodman's Interiors

6871 Main St, Gloucester, VA 23061

(804) 824-9383

Courthouse Pawnshop

6743 Main St, Gloucester, VA 23061

(804) 693-0362

The Silver Box

6630 Main St, Gloucester, VA 23061

(804) 694-3100

Diane's Distinctive Jewelry

3514 Hilton Dr, Lexington Park, MD 20653

(301) 863-6390

Kay Jewelers

46360 Lexington Village Way Suite 102, Lexington Park, MD 20653

(301) 862-9867

Two Charmed

46927 Schirra St Apt B, Patuxent River, MD 20670

(808) 388-7110

A Plus Gold Buyers

25322 Lankford Hwy, Onley, VA 23418

(757) 787-8188

Jerry's Coins & Jewlery

10237 Rogers Rd, Nassawadox, VA 23413

(757) 442-2274

Blair's Jewelry & Gifts

22861 Three Notch Rd Ste 1, California, MD 20619

(301) 862-5333

G & H Jewelers

45330 Alton Ln, California, MD 20619

(301) 862-1100

Maertens Fine Jewelry & Gifts Inc

13342 Hg Trueman Rd, Lusby, MD 20657

(410) 394-3990

County Gold Buyers & Jewelry

5758 George Washington Mem Hwy, Yorktown, VA 23692

(757) 988-8777

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.