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 Rion 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.

Lugoff Gold

68 Roseborough Rd, Lugoff, SC 29078

(803) 438-0920

Lugoff Gold and Silver

11 Riverside Dr, Lugoff, SC 29078

(803) 438-0920

Adrias_Made_By_Hand

1017 Medfield Rd, Lugoff, SC 29078

(803) 569-8285

TheSterlingHut.com

, Lexington, SC 29073

(803) 764-5295

TheSterlingHut.com

, Lexington, SC 29073

(803) 764-5295

Challenge Coins Limited

100 Old Cherokee Rd #F-330, Lexington, SC 29072

(800) 818-3229

Lexington Pawn & Gun

4884 Sunset Blvd, Lexington, SC 29072

(803) 957-4998

Jewelers Chapman

903 N Lake Dr, Lexington, SC 29072

(803) 996-5530

Jewelry Warehouse

5140 Sunset Blvd Ste G, Lexington, SC 29072

(803) 996-0255

Scullygirls

101 Berkman Ct, Lexington, SC 29072

(803) 665-6160

Kay Jewelers

5135K Sunset Blvd, Lexington, SC 29072

(803) 359-5036

Magickal Menagerie Enterprises LLC

Booth C22 at 4414 Augusta Rd, Lexington, SC 29073

(803) 741-4016

CLASSEE' FEET Foot Jewelry

110 A Wilhowie Dr., Lexington, SC 29073

(803) 465-1805

Sculptguy's Pendants

153 Rustic Crossing, Lexington, SC 29073

(803) 351-9119

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.