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 Mascot has to offer. This way, you can make sure that you get the best price possible for all of your valuables.

Precious Gem

423 W Duke Of Gloucester St, Williamsburg, VA 23185

(757) 220-1115

Silver Vault LTD

416 W Duke Of Gloucester St, Williamsburg, VA 23185

(757) 220-3777

Hi Ho Silver

4640 Casey Blvd, Williamsburg, VA 23188

(757) 903-4941

County Gold Buyers & Jewelry

5758 George Washington Mem Hwy, Yorktown, VA 23692

(757) 988-8777

Yorktown Trading Post

8624 George Washington Mem Hwy, Yorktown, VA 23692

(757) 877-5287

Connections Coin Co Inc

375 E Williamsburg Rd, Sandston, VA 23150

(804) 328-6640

Now & Then Treasures

211 W Williamsburg Rd, Sandston, VA 23150

(804) 326-2964

Old Town Golden Treasure

8034 Mechanicsville Tpke, Mechanicsville, VA 23111

(804) 277-4871

Chandler's Second Hand Antiques

10379 Chamberlayne Rd, Mechanicsville, VA 23116

(804) 513-9640

Mechanicsville Coin

8090 Mechanicsville Tpke Ste H, Mechanicsville, VA 23111

(804) 730-7230

East End Coin Exchange

65 S Airport Dr, Henrico, VA 23075

(804) 328-2870

East End Coin Exchange

59 S. Airport Drive, Highland Springs, VA 23075

(804) 328-2870

Zee Jewels

10101 Brook Rd Suite 718, Glen Allen, VA 23060

(804) 262-8851

Silver City

10101 Brook Rd, Glen Allen, VA 23059

(804) 553-9786

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.