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 Chalmette 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.

Cohen James H & Sons Inc

437 Royal St, New Orleans, LA 70130

(504) 777-2887

Blanchard And Co Inc

909 Poydras St, New Orleans, LA 70112

(504) 837-3010

Fischer's Jewelry & Loan Co Inc

1036 Canal St, New Orleans, LA 70112

(504) 533-8652

Pelican Pawn & Jewelry

3315 Jefferson Hwy, New Orleans, LA 70121

(504) 313-6455

Quarter Smith The

535 Saint Louis St, New Orleans, LA 70130

(504) 524-9731

Freedom Metals

326 South Broad St., New Orleans, LA 70119

(504) 975-0661

Kenner Scrap Gold Shop

4619 Jefferson Hwy, New Orleans, LA 70121

(504) 265-8110

Gold Rush Gold

4619 Jefferson Hwy, New Orleans, LA 70121

(504) 496-3375

New Orleans Silver and Gold

1517 Saint Charles Ave, New Orleans, LA 70130

(504) 858-4653

Bex Gold Exchange

147 Carondelet St Ste 1120, New Orleans, LA 70130

(504) 715-7378

Cash & Gold Inc

629 Canal St, New Orleans, LA 70130

(504) 528-9055

Mr Goldman

829 Canal St, New Orleans, LA 70112

(504) 566-3001

Causeway Coin Company

2940 General Degaulle Dr, New Orleans, LA 70114

(504) 368-2646

Top Dollar Gold Buyers

6626 Jefferson Hwy, New Orleans, LA 70123

(504) 575-3467

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.