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 Aberdeen 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.

Buxton Jewelry Store

119 E Commerce St, Aberdeen, MS 39730

(662) 369-2681

Buxton Music Store-

119 E Commerce St, Aberdeen, MS 39730

(662) 369-2682

It's Fashion

1443 Highway 45 N, West Point, MS 39773

(662) 492-0370

Gary's Pawn & Gun Shop - CLOSED

1066 Highway 45 S, West Point, MS 39773

(662) 494-7392

Ulmer's Jewelry & Pawn - CLOSED

504 W Main St, West Point, MS 39773

Lee's Jewelry & Repair

201 N Browder St, Columbus, MS 39702

(662) 243-2116

Diamond Pawn And Gun Shop

2512 Main St, Columbus, MS 39701

(662) 729-4748

Diamond Pawn And Gun Shop

2512 Main St, Columbus, MS 39701

(662) 729-4748

Zales

1404 Old Aberdeen Rd Ste 3, Columbus, MS 39705

(662) 329-4372

Rae's Jewelry

110 5th St S, Columbus, MS 39701

(662) 328-8824

Kay Jewelers

1908 Highway 45 N Ste 2 Ste 2, Columbus, MS 39705

(662) 327-5955

Jewelry Designers INC

68 Brickerton St # 2, Columbus, MS 39701

(662) 327-5550

Jewelry & Gifts

1404 Old Aberdeen Rd, Columbus, MS 39705

(662) 329-6666

Savage Bennie Enterprise

805A Alabama St, Columbus, MS 39702

(662) 329-1033

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.