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 Lombard 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.

Riviera Jewelers Ltd

409 N Main St, Glen Ellyn, IL 60137

(630) 469-4954

Gold Max USA

321 Roosevelt Rd, Glen Ellyn, IL 60137

(877) 465-3629

Fast Cash For Gold

2N417 Mildred Ave, Glen Ellyn, IL 60137

(630) 422-1373

Rogers & Hollands

448 Oakbrook Ctr, Oak Brook, IL 60523

(630) 571-7400

East Queen Fine Jewelry

100 Oakbrook Ctr Ste 18, Oak Brook, IL 60523

(630) 571-9068

Helzberg

2155 W 22nd St, Oak Brook, IL 60523

(630) 368-9430

Helzberg

3031 Butterfield Rd Ste 101, Oak Brook, IL 60523

(630) 928-1628

Hinsdale Fine Jewelry Co

1415 W 22nd St Ste 125, Oak Brook, IL 60523

(630) 645-1800

Tiffany & Co.

299 Oakbrook Ctr, Oak Brook, IL 60523

(630) 574-7900

Na Hoku Jewelers

130 Oakbrook Ctr, Oak Brook, IL 60523

(630) 575-8215

Dowling Jewelry Design

1600 16th St Ste T21, Oak Brook, IL 60523

(630) 575-8788

Silver Chic

116 Oakbrook Ctr, Oak Brook, IL 60523

(630) 586-0080

Razny Jewelers

1501 W Lake Addison, Addison, IL 60101

(630) 932-4900

Mr. Pawn

591 N York St, Elmhurst, IL 60126

(630) 538-3547

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.