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 Wykagyl 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.

Obsession Jewelers

6 Mill Rd, Eastchester, NY 10709

(914) 337-9170

Wallach Jewelry Designs

1953 Palmer Ave, Larchmont, NY 10538

(914) 833-0665

Palmer Jewelers Inc

1925 Palmer Ave, Larchmont NY, 10538, Larchmont, NY 10538

(914) 834-9342

Pam Older Designs

81 W Garden Rd, Larchmont, NY 10538

(914) 630-0017

Shenier Inc

1967 Palmer Ave, Larchmont, NY 10538

(914) 833-1318

Westchester Gold Buyers

8 Anderson St, New Rochelle, NY 10801

(914) 355-4182

Downtown Gold City Inc

760 Main St, New Rochelle, NY 10805

(914) 636-1302

Gold Rush

290 5th Ave, New Rochelle, NY 10801

(914) 999-4488

Westchester Gold Buyers

8 Anderson St, New Rochelle, NY 10801

(914) 355-4182

Westchester Gold Buyers

8 Anderson St, New Rochelle, NY 10801

(914) 355-4182

New Rochelle Jewelers

20 1/2 Division St, New Rochelle, NY 10801

(914) 576-1677

Quick Cash Of New Rochelle

199 North Ave Apt 1, New Rochelle, NY 10801

(914) 738-5626

Avon Center

63 Memorial Hwy, New Rochelle, NY 10801

(914) 772-8293

La Gravinese Jewelers

115 Pondfield Rd, Bronxville, NY 10708

(914) 337-0923

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.