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 Cove 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.

La Grande Gold & Silver

2212 Island Ave Suite 108, La Grande, OR 97850

(541) 963-7221

Dainty Jewels

101 Fir St, La Grande, OR 97850

(541) 605-0418

To Zion

200 S Main St, Joseph, OR 97846

(541) 432-0745

Shady Ladys Jewelry

203 S Main St, Joseph, OR 97846

(541) 432-5000

Baker City Gold & Silver

1812 Main St, Baker City, OR 97814

(541) 523-2133

J Tabor Jewelers

1913 Main St, Baker City, OR 97814

(541) 524-1999

Angela's

235 Gover Ln, Halfway, OR 97834

(541) 742-2333

Martin's Jewelers

18 E Main St, Walla Walla, WA 99362

(509) 525-7573

Walla Walla Pawn Shop - CLOSED

915 W Pine St, Walla Walla, WA 99362

(509) 876-4576

123 Pawn Shop

1500 E Isaacs Ave, Walla Walla, WA 99362

(509) 529-7296

Falkenbergs Jewelers

6 E Main St, Walla Walla, WA 99362

(509) 525-6060

Antique Mall of Walla Walla

315 S 9th Ave, Walla Walla, WA 99362

(509) 529-0677

Finest Jewelery By Farr

18 E Main St, Walla Walla, WA 99362

(509) 522-2576

Sally Shafer Jewelry

384 S 1st Ave, Walla Walla, WA 99362

(509) 522-1340

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.