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 Glendale Heights 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.

A-Active Pawners & Jewelers

1566 Bloomingdale Rd, Glendale Heights, IL 60139

(630) 681-1580

Marelli Gold Exchange

2101 Bloomingdale Rd, Glendale Heights, IL 60139

(630) 351-6907

Midwest Gold Buyers

357 W Army Trail Rd, Bloomingdale, IL 60108

(630) 289-4653

Gold Buyers At The Mall

152 Stratford Square Mall, Bloomingdale, IL 60108

(630) 307-2965

Zales

205 Stratford Square Mall, Bloomingdale, IL 60108

(630) 351-9505

Rogers & Hollands

412 Stratford Square Mall, Bloomingdale, IL 60108

(630) 351-9850

Zales

405 Stratford Square Mall, Bloomingdale, IL 60108

(630) 351-9366

Fred Meyer Jewelers

203 Stratford Square Mall, Bloomingdale, IL 60108

(630) 529-0282

Pashamam

225 Lakeview Ln, Bloomingdale, IL 60108

(630) 202-7191

Trade 4 Gold

358 W Army Trail Rd Ste 140, Bloomingdale, IL 60108

(630) 400-6791

Gold Max USA

369 W Army Trail Rd, Bloomingdale, IL 60108

(877) 465-3629

Kay Jewelers

616 Stratford Square Mall Unit F16, Bloomingdale, IL 60108

(630) 893-9464

Silver Design

203 Stratford Square Mall, Bloomingdale, IL 60108

(630) 980-0819

Riviera Jewelers Ltd

409 N Main St, Glen Ellyn, IL 60137

(630) 469-4954

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.