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 Godfrey 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.

Michael Herr Diamonds and Fine Jewelry

17221 Chesterfield Airport Rd, Chesterfield, MO 63005

(636) 530-0006

Gordon's Jewelers

248 Chesterfield Mall, Chesterfield, MO 63017

(636) 536-1996

Kay Jewelers Outlet

18511 Outlet Blvd Suite 815, Chesterfield, MO 63005

(636) 778-2302

Kay Jewelers

50 Chesterfield Mall Suite 400, Chesterfield, MO 63017

(636) 536-0808

Jared The Galleria of Jewelry

18527 Outlet Blvd, Chesterfield, MO 63005

(636) 778-2306

Jade

17209 Chesterfield Airport Rd, Chesterfield, MO 63005

(314) 200-5595

Frisco Gold

1734 Clarkson Rd Ste 227, Chesterfield, MO 63017

(314) 225-8808

Coins R US INC

2290 Hill House Rd, Chesterfield, MO 63017

(636) 394-8544

Pulse

1644 Clarkson Rd, Chesterfield, MO 63017

(636) 519-4022

Jared - Galleria of Jewelry

975 Chesterfield Center Drive, Chesterfield, MO 63017

(636) 536-9733

Swarovski

291 Chesterfield Mall, Chesterfield, MO 63017

(636) 536-7300

Custom Creations

50 Clarkson Wilson Ctr, Chesterfield, MO 63017

(636) 532-7920

Michael Andrews Jewelers Ltd

2219 Ole Castle Ct, Chesterfield, MO 63017

(636) 227-8405

Hannoush Jewelers

224 Chesterfield Mall, Chesterfield, MO 63017

(636) 536-2906

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.