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 Horatio 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.

Gold & Diamond

1124 Broad St # # 10, Sumter, SC 29150

(803) 775-7225

Reliable Pawn Shop

33 W Liberty St, Sumter, SC 29150

(803) 773-7789

Shaw Gate Pawn & Loan Shop

5435 Broad St, Sumter, SC 29154

(803) 494-2530

Highway 15 S Pawn Shop

1154 Pocalla Rd, Sumter, SC 29150

(803) 418-5626

Top Dollar Pawn & Sales

1990 Peach Orchard Rd, Sumter, SC 29154

(803) 499-4900

Gold N Diamond

1057 Broad St Ste 48, Sumter, SC 29150

(803) 938-9558

Jewelry Wholesale Inc

41 E Wesmark Blvd, Sumter, SC 29150

(803) 778-1031

Galloway & Moseley Inc

444 N Guignard Dr Ste A, Sumter, SC 29150

(803) 775-1209

Jewel Time

1057 Broad St, Sumter, SC 29150

(803) 773-9117

It's Fashion

1342 Broad St, Sumter, SC 29150

(803) 469-2152

Burl's Fine Jewelry Inc

600 Bultman Dr # 5A, Sumter, SC 29150

(803) 778-2486

Zenia'sTreasures

PO Box 405, Sumter, SC 29151

(803) 968-0467

Lainey's Lane

2711 Burning Tree Rd, Sumter, SC 29154

(760) 214-1543

Rogers Jewelers

741 Bultman Dr # 15, Sumter SC, 29150, Sumter, SC 29150

(803) 775-1818

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.