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.

RDR Gold Inc

4708 Forest Dr Ste C, Columbia, SC 29206

(803) 743-4408

Gudmundson And Buyck Jewelers

2931 Devine St, Columbia, SC 29205

(803) 771-7260

David's Fine Jewelry

7001 Saint Andrews Rd Ste G, Columbia, SC 29212

(803) 732-1235

Jewelry Warehouse

1270 Bower Pkwy, Columbia, SC 29212

(803) 772-1470

Garnet & Black Traditions

10136 Two Notch Rd, Columbia, SC 29229

(803) 788-0189

Zales

100 Columbiana Cir Ste 1302, Columbia, SC 29212

(803) 736-1745

Jewelry Warehouse

10136 Two Notch Rd Ste 109B, Columbia, SC 29229

(803) 788-0189

Sandler's Fine Jewelry

471 Town Center Pl # 13, Columbia, SC 29229

(803) 788-1590

RDR Gold Inc

4708 Forest Dr # C, Columbia, SC 29206

(803) 743-4408

Satterfield's Jewelry Wrhse

1270 Bower Pkwy # C16, Columbia, SC 29212

(803) 772-1470

Sylvan's

1500 Main St, Columbia, SC 29201

(803) 779-2250

Moseley Diamond Showcase Inc

1632 Broad River Rd, Columbia, SC 29210

(803) 798-6002

Mims Fine Jewelry

6780 Garners Ferry Rd, Columbia, SC 29209

(803) 776-5340

Decker's Jewelry and Pawn

1735 Decker Blvd Ste 70, Columbia, SC 29206

(803) 790-4118

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.