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 Yuma 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.

Cinbadd Enterprises

2544 S 4th Ave, Yuma, AZ 85364

(928) 344-1196

Cash America Pawn

2895 S 4th Ave, Yuma, AZ 85364

(928) 317-2801

Cash America Pawn

2895 S 4th Ave, Yuma, AZ 85364

(928) 317-2801

Cash America Pawn

2895 S 4th Ave, Yuma, AZ 85364

(928) 317-2801

Cash America Pawn

2895 S 4th Ave, Yuma, AZ 85364

(928) 248-8005

Zales

1401 S Yuma Palms Pkwy # G4, Yuma, AZ 85365

(928) 329-1211

Julian's Jewelry

2059 S Avenue A, Yuma, AZ 85364

(928) 782-5343

Paul Bensel Jewelers

264 W 32nd St, Yuma, AZ 85364

(928) 344-3344

Bensel Paul Jewelers

3000 S 4th Ave Ste B, Yuma, AZ 85364

(928) 344-3344

Gonzo's Jewelry & Gift Shop

1332 S 4th Ave, Yuma, AZ 85364

(928) 328-1176

Lorenzo Jewelers

224 S Main St, Yuma, AZ 85364

(928) 726-5949

Ideal Jewelers

2241 S Avenue A Ste 29, Yuma, AZ 85364

(928) 343-9337

Coyote Coin & Pawn

1322 S 4th Ave, Yuma AZ, 85364, Yuma, AZ 85364

(928) 782-7966

Heritage Jewelers Inc

2429 S 4th Ave, Yuma, AZ 85364

(928) 344-2547

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.