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 Baring 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.

Jeff's Watch Service

810 Fir St., Sultan, WA 98294

(425) 591-0169

Olivier's Jewelry

16226 354th Ave SE, Sultan, WA 98294

(360) 793-9202

My Repurposed Barn

32219 116th St SE, Sultan, WA 98294

(425) 736-4704

Prospector's Plus

1311 Skywall Dr, Sultan, WA 98294

(425) 750-9290

Barefoot Jewelers

PO Box 242, North Lakewood, WA 98259

(425) 876-7582

Wyatt's Jewelers

14751 N Kelsey St, Monroe, WA 98272

(360) 794-7373

Pawn Pro's - CLOSED

19602 State Route 2, Monroe, WA 98272

(360) 863-3710

Fred Meyer Jewelers

18805 State Route 2, Monroe, WA 98272

(360) 805-8115

Positive Assertions

29729 133rd Pl SE, Monroe, WA 98272

(360) 305-1587

Monroe Jewelers LTD

13824 205th Ave SE, Monroe, WA 98272

(360) 794-7393

Red Forever Designs

13410 261st Dr SE, Monroe, WA 98272

(360) 794-7609

Monroe Jewelers

19569 State Route 2, Monroe, WA 98272

(360) 794-7393

House Of SHIMMER

26610 NE Anderson St, Duvall, WA 98019

(206) 819-4552

golden coin jewelry & loan

8050 Rail road ave, North Bend, WA 98045

(425) 292-0694

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.