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 Brightwaters 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.

Zales

1701 Sunrise Hwy, Bay Shore, NY 11706

(631) 969-0433

Fischer Charles

50 E Main St, Bay Shore, NY 11706

(631) 665-3807

Empire Pawn of Suffolk Inc

50 E Main St, Bay Shore, NY 11706

(631) 666-1200

Eastern Numismatics Inc Of Bay Shore

50 E Main St, Bay Shore, NY 11706

(631) 666-1200

Rubenstein Rare Coins

1750 Sunrise Hwy, Bay Shore, NY 11706

(631) 665-8924

Silver & Gold Connection

1701 Sunrise Hwy, Bay Shore, NY 11706

(631) 666-0757

Kay Jewelers

1701 Sunrise Hwy Suite M10, Bay Shore, NY 11706

(631) 665-1528

Chem Tech

60 Corbin Ave, Bay Shore, NY 11706

(631) 940-7234

Elite Fashion Accessories Corp

201 Higbie Ln, West Islip, NY 11795

(631) 893-3054

Anthony Louis Jewelers-Islip

480 Main St, Islip, NY 11751

(631) 224-2662

Mazza Fine Jewelry

491 Main St, Islip, NY 11751

(631) 277-8411

lia sophia

18 spruce st, Islip, NY 11751

(516) 383-6484

Just Your Style Jewelry

29 Wilshire Dr, North Babylon, NY 11703

(347) 650-7202

Argyle Jewelers

150 Deer Park Ave, Babylon, NY 11702

(631) 321-0800

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.