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 Colfax 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.

Jamestown Jewelers Inc

116 B E Main, Jamestown, NC 27282

(336) 802-1442

West Green Pawn

1410 W Green Dr, High Point, NC 27260

(336) 882-7297

Cash America Pawn

2601 S Main St, High Point, NC 27263

(336) 803-7219

Rany's Jewelry Inc

2705 N Main St Ste 101, High Point, NC 27265

(336) 887-3095

Kay Jewelers

921 Westchester Dr Ste 1220, High Point, NC 27262

(336) 883-2783

Kay Jewelers

921 Eastchester Dr # 1220, High Point, NC 27262

(336) 883-2782

Joyeria Luna

1007 S Main St, High Point, NC 27260

(336) 885-0807

Rosemarie's Costume Jewelry for Less

www.jujubelle.com/rosemarie, High Point, NC 27265

(336) 324-5952

Beth Gantt, Origami Owl Independent Designer

533 N. Hamilton St, High Point, NC 27262

(336) 688-1644

Josten's

2931 Archdale Rd, High Point, NC 27263

(336) 454-6704

First National Pawn & Pawnway

1185 E Lexington Ave Ste 102, High Point, NC 27262

(336) 883-7296

USA Pawn

1033 S Main St, High Point, NC 27260

(336) 884-4022

It's Fashion

2610 Plaza Ct Ste 101, High Point, NC 27263

(336) 883-4996

J Michael Fine Jewelry

11651 N Main St Ste R, High Point, NC 27263

(336) 431-2450

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.