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 Glenbeulah 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.

Shoppes On Mill Street

412 E Mill St, Plymouth, WI 53073

(920) 892-8500

Cecka Jw

412 E Mill St, Plymouth, WI 53073

(920) 892-8500

Nesemann Diamond Center

217 E Mill St, Plymouth, WI 53073

(920) 892-7726

Nesemann Diamond Center

W5132 County Road O, Plymouth, WI 53073

(920) 892-7726

Metalmorphis Jewelry

W6093 Brady Rd, Elkhart Lake, WI 53020

(920) 980-6424

JSM Art Glass Studio

N5764 County Road Tt, Sheboygan Falls, WI 53085

(920) 467-2281

The Goldsmith

177 S Main St, Fond Du Lac, WI 54935

(920) 921-3113

Greater Milwaukee Coin & Jewelry

17 Forest Ave, Fond Du Lac, WI 54935

(888) 781-4200

The Goldsmith

177 S Main St, Fond Du Lac, WI 54935

(920) 921-3113

All Coins

159 4th St, Fond Du Lac, WI 54935

(920) 923-6878

All Coins

36 Cumberlynn Cir, Fond Du Lac, WI 54935

(920) 923-6878

The Goldsmith

177 S Main St, Fond Du Lac, WI 54935

(920) 921-3113

Krail Jewelry Store

105 N Main St, Fond Du Lac, WI 54935

(920) 933-4900

Krail Jewelry Store Inc

105 N Main St, Fond Du Lac, WI 54935

(920) 921-2475

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.