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 Magdalena 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.

Diamondback Designs

328 6th St N, Socorro, NM 87801

(575) 838-0010

Fastbucks

2526 State Highway 47, Los Lunas, NM 87031

(505) 565-0643

Guns & Gold Pawn

3476 State Highway 47, Los Lunas, NM 87031

(505) 565-2958

White Mesa Inc

44 White Mesa Rd, Estancia, NM 87016

(505) 384-2766

National Jewelry Buyers

5815 Menaul Blvd NE, Albuquerque, NM 87110

(505) 888-1805

Gold & Silver Exchange

6101 Menaul Blvd NE, Albuquerque, NM 87110

(877) 632-1619

Castle Gold & Silver

5606 Menaul Blvd NE, Albuquerque, NM 87110

(505) 569-0371

Rocky Mountain Gold & Silver Exchange

7200 Menaul Blvd NE, Albuquerque, NM 87110

(505) 884-5964

ABQ Gold & Silver Exchange

7101 Menaul Blvd NE, Albuquerque, NM 87110

(866) 678-7628

Albuquerque Gold Center

201 San Pedro Dr SE, Albuquerque, NM 87108

(505) 255-0722

Crown Jewels & Coin

3248 San Mateo Blvd NE, Albuquerque, NM 87110

(505) 884-4888

Gold Buyers

3216 San Mateo Blvd NE, Albuquerque, NM 87110

(505) 225-2221

Santa Fe Gold Corp

6100 Uptown Blvd NE, Albuquerque, NM 87110

(505) 255-4852

Auro M Gold

7408 Carbondale Ct NW, Albuquerque, NM 87114

(505) 803-7808

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.