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 Wynnewood 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.

Hollywood Jewelers INC

416 Mayflower Ln, Wynnewood, PA 19096

(610) 667-6862

Gold Fellow-Wynnewood

339 E Lancaster Ave, Wynnewood, PA 19096

(484) 412-8720

Main Line Precious Metals

1 West Lancaster Ave, Ardmore, PA 19003

(610) 991-3078

Dandelion

31 Coulter Ave, Ardmore, PA 19003

(610) 649-8303

Giannini Jewelers Inc

15 E Lancaster Ave, Ardmore, PA 19003

(610) 642-6388

Main Line Coin & Stamp

16 E Lancaster Ave, Ardmore, PA 19003

(610) 649-7900

Optima Jewelers

723 Montgomery Ave, Narberth, PA 19072

(610) 668-8689

A Brandt Son Jewelers

230 Windsor Ave, Narberth, PA 19072

(610) 617-4199

Barbara Ellick Designs

705 Montgomery Ave, Penn Valley, PA 19072

(610) 664-7910

Amira Littman Group

1111 Hagys Ford Rd, Penn Valley, PA 19072

(610) 667-2875

Littman, Mario

521 Broad Acres Rd, Penn Valley, PA 19072

(610) 664-3064

Precious Metals Exchange Of Delaware County Inc.

1243 W Chester Pike, Havertown, PA 19083

(610) 314-7814

Precious Metal Exchange

1243 W Chester Pike, Havertown, PA 19083

(610) 853-4653

United Check Cashing

1157 W Chester Pike Ste 1, Havertown, PA 19083

(610) 789-6770

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.