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 Kensington 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.

Vogue Jewelers

19 W Federal St, Youngstown, OH 44503

(330) 743-0440

Rogers Enterprises

7401 Market St, Youngstown, OH 44512

(330) 726-9200

Piercing Pagoda

7401 Market St Spc K1307, Youngstown, OH 44512

(330) 758-8476

Fashionistas.name

7400 West Blvd Apt 228, Youngstown, OH 44512

(330) 990-7899

Cece Couture

339 Boardman Canfield Rd, Youngstown, OH 44512

(330) 729-9801

Jersey World

7401 Market St # 465, Youngstown, OH 44512

(330) 758-8210

Jewelry In Candles

2110 Windsor Ave, Youngstown, OH 44502

(330) 781-5320

Delphina Jewelry

6708 Bowman Ave, Youngstown, OH 44515

(330) 792-0327

Watch Battery Express

278 Boardman Canfield Rd, Youngstown, OH 44512

(330) 758-4711

Jewels & More

7401 Market St Spc K112, Youngstown, OH 44512

(330) 965-0244

Avenue

511 Boardman Canfield Rd, Youngstown, OH 44512

(330) 758-0409

Prestige Pawn

156 Carolina Ave # B, Chester, WV 26034

(304) 387-3457

Handcrafted Creations

11836 South Avenue Route 164, North Lima, OH 44452

(330) 718-5219

Morris Pawn Shop

435 Tuscarawas St E, Canton, OH 44702

(330) 409-0895

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.