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 Indian Trail 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.

THE PERFECT JEWELRY LLC

KLOSS LANE, Indian Trail, NC 28079

(980) 226-0959

Anthony's Custom Jewelry

608 Indian Trail Rd S, Indian Trail, NC 28079

(704) 821-2007

One Sassy Chic

13803 Independence Blvd # E, Indian Trail, NC 28079

(704) 882-0573

Diamond City Jewelry & Loan

14200 Independence Blvd, Indian Trail, NC 28079

(704) 684-0664

Kings Jewelry

1819 Matthews Township Pkwy, Matthews, NC 28105

(704) 315-6012

Anthony's Custom Jewelry

5941 Weddington-Monroe Road, Matthews, NC 28104

(704) 821-2007

Trade St Jewelers

100 W John St, Matthews, NC 28105

(704) 321-7944

Trade of The Carolinas

646 Matthews Mint Hill Rd, Matthews, NC 28105

(704) 708-4904

A P Treasures

1200 Millbank Dr, Matthews, NC 28104

(704) 970-7509

Designs By Shirlee

165 S Trade St, Matthews, NC 28105

(704) 841-7602

Gold & Silver Mint

4512 Potters Rd, Matthews, NC 28104

(704) 821-0633

J Jones Jewelers

11229-G East Independence Blvd, Matthews, NC 28105

(704) 845-2058

Lapidary Arts and Jewerly Design

11500 E.Independence Blvd, Matthews, NC 28105

(704) 847-7099

Tucker's Jewelry Repair

1215 N Charlotte Ave, Monroe, NC 28110

(704) 283-1514

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.