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 Gulfport 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.

Gulf Coast Gold & Silver Buyers

11457 Highway 49, Gulfport, MS 39503

(228) 314-4777

JB's Pawn & Jewelry

2000 Pass Rd, Gulfport, MS 39501

(228) 271-3104

Speedy Cash

9240 Highway 49, Gulfport, MS 39503

(228) 206-3723

US Jewelry and Gold

406 E Pass Rd, Gulfport, MS 39507

(228) 284-1667

Kay Jewelers Outlet

10750 Factory Shop Blvd, Gulfport, MS 39503

(228) 575-9946

Creative Marx Handmade Jewelry

PO Box 3174, Gulfport, MS 39505

(228) 355-2833

Ultra Diamonds

10750 Factory Shop Blvd, Gulfport, MS 39503

(228) 575-9946

Fashion Touch Shoe Boutique

707 Watkins Ave, Gulfport, MS 39507

(228) 896-0808

Jay Jay's Pawn & Jewelry

1600 25th Ave, Gulfport, MS 39501

(228) 864-3194

Orange Grove Pawn & Jewelry

14341 Dedeaux Rd, Gulfport, MS 39503

(228) 831-8888

Diamond Exchange

3105 25th Ave, Gulfport, MS 39501

(228) 864-3481

It's Fashion Metro

135 Hardy Court Shopping Ctr, Gulfport, MS 39507

(228) 822-2130

Palestine 1 Jewelry

11312 Highway 49 Ste A-1, Gulfport, MS 39503

(228) 265-7774

Paull & Paull Jewelers Inc

1500 Pass Rd, Gulfport, MS 39501

(228) 863-1046

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.