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 Alma 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.

Bnox Gold & Iron

404 1st St, Pepin, WI 54759

(715) 442-2201

Metal Detectors of Western Wi

N7317 County Road C, Durand, WI 54736

(715) 283-4314

Edison Coins

23713 Washington St, Independence, WI 54747

(715) 985-3644

Southern Exposure Silver

23686 Washington St, Independence, WI 54747

(715) 985-2102

Gold Buyers At The Mall

4800 Golf Rd, Eau Claire, WI 54701

(715) 514-4008

Williams Diamond Center Inc

2823 London Rd, Eau Claire, WI 54701

(715) 834-9929

Legal Tender Coin

515 S Barstow St Ste 112, Eau Claire, WI 54701

(715) 834-7697

Greater Midwest Mercantile

403 S. Barstow St, Eau Claire, WI 54701

(715) 832-0075

General Coin & Gun Exchange

2832 London Rd, Eau Claire, WI 54701

(715) 835-2646

C & C Pawnbrokers

412 Washington St, Eau Claire, WI 54701

(715) 855-1111

Me-No-Monie Street Pawn & Loan

1243 Menomonie St, Eau Claire, WI 54703

(715) 852-2222

Rogers & Hollands

4800 Golf Rd Ste 125, Eau Claire, WI 54701

(715) 831-9800

Lasker Jewelers

3705 Oakwood Mall Dr, Eau Claire, WI 54701

(715) 835-5914

Helzberg

4800 Golf Rd Ste 12, Eau Claire, WI 54701

(715) 833-2322

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.