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 Ballston Spa has to offer. This way, you can make sure that you get the best price possible for all of your valuables.

Idle Hands

PO Box 4634, Bennington, VT 05201

(855) 446-0683

Goodman's Jewelers

32 Spring St, Williamstown, MA 01267

(413) 458-8452

Kolodny-Gallagher Designs

43 Green Brook Drive, Malden Bridge, NY 12115

(518) 766-4903

Gold Leaf Studios Inc

2237 Route 30, Dorset, VT 05251

(802) 867-5565

Nina's

241 Depot St, Manchester Center, VT 05255

(802) 362-4657

Silverado

4776 Main St, Manchester Center, VT 05255

(802) 362-9137

Jewel Of The Mill

4732 Main St, Manchester Center, VT 05255

(802) 362-1608

Vermont Braclet

241 High Hill Rd, Manchester Center, VT 05255

(802) 362-4971

Atef Fine Jewlers

101 Main St, North Adams, MA 01247

(413) 663-8799

Di Lego's Jewelry Store

16 Ashland St, North Adams, MA 01247

(413) 663-8140

Air Tite Holders Inc

1560 Curran Hwy, North Adams, MA 01247

(413) 664-2730

Eagle Coin Co

475 Union St Ste 4, North Adams, MA 01247

(413) 664-6600

Peebles

78 Main St, North Adams, MA 01247

(413) 663-5159

Hannoush Jewelers

655 Cheshire Rd, Lanesboro, MA 01237

(413) 445-8895

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.