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 Lanham 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.

Parkway Pawn & Gold Buyers Inc

13177 Centerpointe Way, Woodbridge, VA 22193

(703) 670-9988

Jewelry By Design

2932 Prince William Pkwy, Woodbridge, VA 22192

(703) 580-8880

Van Doren Jewelers

4216 Merchant Plaza, Woodbridge, VA 22192

(703) 878-3456

Corsecrafts

13809 Meadowbrook Rd, Woodbridge, VA 22193

(703) 590-6558

Designs by DeLucien

427 Glen View ct, Arnold, MD 21012

(888) 396-0667

Everett Designers Of Jewelry

6030 Daybreak Cir Ste A250, Clarksville, MD 21029

(410) 531-7990

Bead Boutique

28 Solomons Island Rd S, Prince Frederick, MD 20678

(410) 535-6337

Calvert Pawn

102 Central Square Dr, Prince Frederick, MD 20678

(410) 535-0488

T C Martin Jewelers

30537 Potomac Way Ste 107, Charlotte Hall, MD 20622

(301) 884-8581

Satin to Pearls

5700 Rowanberry Dr, Elkridge, MD 21075

(410) 564-3000

Toni's Custom Fit Toe Rings

5715 Rowanberry Dr, Elkridge, MD 21075

(703) 200-7814

La Gran Tenochtitlan

7540 Washington Blvd, Elkridge, MD 21075

(410) 799-9119

Columbia Jewelery Service Center

10300 Little Patuxent Pkwy Ste 1615, Columbia, MD 21044

(410) 997-1230

Helzberg

10300 Little Patuxent Pkwy Ste 2690, Columbia, MD 21044

(410) 730-9076

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.