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 Lakeville 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.

Medawar Jewelers

3093 S Linden Rd, Flint, MI 48507

(810) 733-7778

Wannie Style Handbags and Accessories

1982 S Grand Traverse St Okemos Mi 48864, Flint, MI 48503

(810) 232-7573

Latonya's Discount Jewelry Plc

3114 Flushing Rd, Flint, MI 48504

(810) 424-3777

Paradise Express

3600 S Dort Hwy Ste 25, Flint, MI 48507

(810) 743-0330

Medawar Jeweler

3490 Calkins Rd, Flint, MI 48532

(810) 733-7741

Versona

G3539 Miller Rd, Flint, MI 48507

(810) 230-2900

Sterling Jewelers

3241 S Linden Rd, Flint, MI 48507

(810) 732-0309

Solid Gold and Silver

G3316 Miller Rd, Flint, MI 48507

(810) 407-6316

Ragheb Fashion Inc

3341 S Linden Rd, Flint, MI 48507

(810) 732-4858

Mega Pawn

3825 Corunna Rd, Flint, MI 48532

(810) 235-1900

Mega Pawn

3910 Corunna Rd, Flint, MI 48532

(810) 237-7296

Whaley Chet Jewelers

700 Citizens Banking Ctr, Flint, MI 48502

(810) 238-8223

Tom's Diamonds

3489 S Linden Rd, Flint, MI 48507

(810) 732-0046

Antiques By Cecilia

3106 N Shore Dr, Flint, MI 48504

(810) 736-0800

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.