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 Eastlake 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.

Horse Tail Designs

4711 S County Road 185, Byers, CO 80103

(720) 810-4299

Mile High Coin LTD

2222 S Havana St, Aurora, CO 80014

(720) 961-3120

Golden Nugget Gold Buyers

15450 E Smoky Hill Rd, Aurora, CO 80015

(303) 963-5321

Gold Exchange

3140 S Parker Rd Ste 9, Aurora, CO 80014

(303) 337-8166

Peoples Pawn and Jewelry

11430 E Colfax Ave, Aurora, CO 80010

(720) 240-9028

Cash in a Flash

15350 E Hampden Ave, Aurora, CO 80013

(303) 952-8000

THE PRECIOUS METALS CO

5426 S Parker Rd, Aurora, CO 80015

(804) 677-6913

Cash For Gold

2295 S Chambers Rd, Aurora, CO 80014

(303) 671-2870

EZ Pawn

15350 E Colfax Ave, Aurora, CO 80011

(303) 341-0021

EZ Pawn

1780 S Buckley Rd Unit 6, Aurora, CO 80017

(303) 368-0841

Colfax Pawn

9701 E Colfax Ave, Aurora, CO 80010

(303) 341-2829

EZ Pawn

12415 E Mississippi Ave Unit 503, Aurora, CO 80012

(303) 367-9075

EZ Pawn

9520 E Colfax Ave, Aurora, CO 80010

(303) 340-4461

EZ Pawn

797 Peoria St Ste F, Aurora, CO 80011

(303) 367-5559

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.