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 Monkton 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.

David Epstein Designer Jeweler

465 Lincoln Hill Rd, Hinesburg, VT 05461

(802) 482-2174

Vermont Coin & Jewelry

2997 Shelburne Rd Ste 4, Shelburne, VT 05482

(802) 985-3950

Koplewicz Martin & Judith

185 Pine Haven Shores Rd, Shelburne, VT 05482

(802) 846-9274

New World Coin And Jewelry.

5667 Williston Rd, Williston, VT 05495

(802) 871-5684

Sparkle Jewelry Design

310 Brennan Woods Dr, Williston, VT 05495

(802) 878-6614

Argento Laraine Fine Jewelry

166 Sycamore Street Suite 140, Williston, VT 05495

(802) 871-5115

Argento Laraine Fine Jewelery

135 Talcott Rd, Williston, VT 05495

(802) 871-5115

Martin's Coins & Jewelry

1525 Shelburne Rd, South Burlington, VT 05403

(802) 658-2646

Yin's Gift Shop

155 Dorset St, South Burlington, VT 05403

(802) 657-3583

Zales

155 Dorset St, South Burlington, VT 05403

(802) 863-1371

Wink Jewelry

155 Dorset St, South Burlington, VT 05403

(802) 865-4321

Vermont Coin & Jewelry

150 Dorset Street Blue Mall, South Burlington, VT 05403

(802) 489-5263

Blue Moon Jewelry

155 Dorset St, South Burlington, VT 05403

(802) 865-4321

Queen City Coins

1174 Williston Rd Ste 5, South Burlington, VT 05403

(802) 864-7840

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.