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 San Pedro 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.

Stanley Barrett Company

456 W 8th St, San Pedro, CA 90731

(310) 548-7800

Speedy Cash

904 S Gaffey St, San Pedro, CA 90731

(310) 694-0233

Pacific Gold Traders

825 S Pacific Ave, San Pedro, CA 90731

(310) 833-6922

Royal Pawnshop Jewelry and Loan

701 S Pacific Ave, San Pedro, CA 90731

(310) 547-1500

San Pedro Jewelry & Loan

805 S Pacific Ave, San Pedro, CA 90731

(310) 832-7296

Diamond & Gold Exchange

170 S Beverly Dr Suite 310, Beverly Hills, CA 90212

(323) 747-1412

Hrcpm

31 W Del Mar Blvd, Pasadena, CA 91105

(562) 646-1363

Van Nuys Pawn Shop

6374 Van Nuys Blvd, Van Nuys, CA 91401

(818) 676-9241

Victory Pawn Shop

13306 Victory Blvd, Van Nuys, CA 91401

(818) 904-9689

Augusta Precious Metals

8484 Wilshire Blvd # 515, Beverly Hills, CA 90211

(855) 242-4121

Gold Max of California Inc

5908 Del Amo Blvd, Lakewood, CA 90713

(562) 420-1921

Gillio & Associates

10113 Riverside Dr, Toluca Lake, CA 91602

(818) 985-3900

Gold R Us

8308 Wilshire Blvd, Beverly Hills, CA 90211

(323) 951-9100

Van Nuys Pawn Shop

6374 Van Nuys Blvd, Van Nuys, CA 91401

(818) 676-9241

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.