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 Huntington Station 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.

Empire Jeweler/Pawn East

824 E Jericho Tpke, Huntington Station, NY 11746

(631) 427-4653

Coin Galleries Of Oyster Bay

230 E Jericho Tpke, Huntington Station, NY 11746

(631) 425-9800

Babylon Gold & Diamond Exchange

469 E Jericho Tpke, Huntington Station, NY 11746

(631) 486-4448

Nassau Gold Buyers

221 Walt Whitman Rd, Huntington Station, NY 11746

(516) 234-7588

Zales

160 Walt Whitman Rd, Huntington Station, NY 11746

(631) 271-1238

Tkdiamonds

2 Pebble Ln By Appointment O, Huntington Station, NY 11746

(516) 380-2251

Silver Line

160 Walt Whitman Rd Ste 1101, Huntington Station, NY 11746

(631) 424-4085

Wall Street Gold

664 Walt Whitman Rd, Melville, NY 11747

(631) 651-9650

Numismatic Assets Inc

900 Walt Whitman Rd, Suite 105, Melville, NY 11747

(631) 425-6203

Whitman Coin & Jewelry Inc

552 Walt Whitman Rd, Melville, NY 11747

(631) 673-0111

Father And Sons 110 Jewlers

829 Walt Whitman Rd, Melville, NY 11747

(631) 423-2966

Gem Pawnbrokers

708 Walt Whitman Rd, Melville, NY 11747

(631) 683-5336

Gemstone Capital

150 Broadhollow Rd, Melville, NY 11747

(631) 427-3808

Collectors Coins & Jewelry / Gold Silver & Diamond Buyer

331 New York Ave, Huntington, NY 11743

(631) 421-4774

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.