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 Elsie 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.

Karats & Grams Inc

15700 Nectar Ln, Haslett, MI 48840

(517) 339-1052

Ace Of Diamonds

120 E Superior St, Alma, MI 48801

(989) 285-1585

Gold-N-Gems Jewelers

110 E Superior St, Alma, MI 48801

(989) 463-2420

Sundance Jewelry

201 E Grand River Ave, East Lansing, MI 48823

(517) 337-7446

Sundance Jewelry

201 E Grand River Ave, East Lansing, MI 48823

(517) 337-7446

Silver & Beyond

333 Albert Ave Ste 102, East Lansing, MI 48823

(517) 337-3202

Promise Jewelers

1542 W Grand River Ave, East Lansing, MI 48823

(517) 574-5378

D Emotions

2900 West Rd, East Lansing, MI 48823

(517) 574-4209

Silver Streak

317 E Grand River Ave, East Lansing, MI 48823

(517) 332-6000

Ocean Blue Jewelers

1328 Foxfire St, East Lansing, MI 48823

(517) 980-1068

Solid Gold Jewelers

765 E Main St, Flushing, MI 48433

(810) 867-4366

Jewelcraft Corporation

132 N Cherry St, Flushing, MI 48433

(810) 659-4221

Legends Jewelry

104 W Grand River Ave, Williamston, MI 48895

(517) 655-4221

Genesee Valley & Gold Silver

8603 Miller Rd, Swartz Creek, MI 48473

(810) 733-1320

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.