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 Port Richey 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.

US Gold and Silver Inc

6014 US Highway 19 Ste 101, New Port Richey, FL 34652

(727) 842-4300

Collectibles Unlimited

4124 US Highway 19, New Port Richey, FL 34652

(727) 847-4102

GoldMax

7647 State Road 54, New Port Richey, FL 34653

(813) 434-4222

Silver Dollar Coin Shop

5623 US Highway 19 Ste 105, New Port Richey, FL 34652

(727) 841-7446

Gold L & M

7139 US Highway 19 # 1, New Port Richey, FL 34652

(727) 807-7941

Pawn Star

7294 State Road 54, New Port Richey, FL 34653

(727) 834-8183

Silver Dollar Pawn Inc

5607 State Road 54, New Port Richey, FL 34652

(727) 847-1130

Pasco Jewelry & Loan Inc

6217 US Highway 19, New Port Richey, FL 34652

(727) 841-9970

Cash For Gold & Silver

7438 US Highway 19 # B, New Port Richey, FL 34652

(727) 841-9698

Gold Galore Diamond Center

10216 State Road 52, Hudson, FL 34669

(727) 856-5084

AA Pawn Coin & Jewelry Inc

10632 County Line Rd, Hudson, FL 34667

(727) 863-1213

Pawn Solutions Hudson

14129 US Highway 19, Hudson, FL 34667

(727) 869-7799

Pasco Coins & Jewelry

15039 US Highway 19, Hudson, FL 34667

(727) 869-1121

Coins Jewelry & More

8721 Florida 52, Hudson, FL 34667

(727) 809-0478

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.