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 Wilmington 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.

Janet Grillo

3505 Silverside Rd, Wilmington, DE 19810

(302) 777-4854

Black Label Jewelry Co Glam

1521 Concord Pike, Wilmington, DE 19803

(302) 468-7020

Whimsey World Wide

4719 Kirkwood Hwy, Wilmington, DE 19808

(302) 994-5114

All About Jewelry Inc

4538 Kirkwood Hwy, Wilmington, DE 19808

(302) 996-9350

Angel's Boutique

5400 Doral Dr, Wilmington, DE 19808

(888) 987-3512

Indulgence Jewelers

4001 Kennett Pike Ste 130, Wilmington, DE 19807

(302) 426-9811

Goldbug

719 N Market St, Wilmington, DE 19801

(302) 426-1646

Piercing Pagoda

4737 Concord Pike, Wilmington, DE 19803

(302) 477-0808

Avenue

3234 Kirkwood Hwy Ste A, Wilmington, DE 19808

(302) 999-8086

Jewels Metal and Thread

1456 River Rd, Wilmington, DE 19809

(310) 403-5854

Diamond State Depository

406 W Basin Rd, New Castle, DE 19720

(302) 322-6150

United Check Cashing

287 Christiana Rd Ste 23, New Castle, DE 19720

(302) 328-4800

United Check Cashing

104 Penn Mart Shopping Ctr, New Castle, DE 19720

(302) 322-0633

Bridgewater Jewelers

318 Delaware St, New Castle, DE 19720

(302) 328-2101

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.