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 Hickory Flat 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.

Simply EV Designs

1110 County Road 825, Blue Mountain, MS 38610

(662) 801-5390

Earth Grace Jewelry

1335 County Road 88, New Albany, MS 38652

(662) 539-7224

Southern Traditions

120 W Bankhead St, New Albany, MS 38652

(662) 534-0410

Aj's Jewelry & Pawn Inc

702 State Highway 30 E, New Albany, MS 38652

(662) 534-0306

MS Gold, Silver & Coin Exchange LLC.

109 North Main Street, Ripley, MS 38663

(662) 993-8040

Stone's Jewelry & Gifts

101 Hospital St, Ripley, MS 38663

(662) 837-4215

Mississippi Gold King

2000 Jackson Ave W, Oxford, MS 38655

(662) 380-5027

The Oxford Gold, Silver, and Diamond Buyers

1107 Van Buren, Oxford, MS 38655

(662) 513-5977

Lammons Jewelry

1126 N Lamar Blvd, Oxford, MS 38655

(662) 234-2777

Elyncia Fine Jewelry

400 S Lamar Blvd Ste B, Oxford, MS 38655

(662) 234-6341

Between Sisters Inc

1944 University Ave, Oxford, MS 38655

(662) 236-2524

Buy Gold Center

230 Highway 15 N, Pontotoc, MS 38863

(662) 200-2064

Between Sisters

282 W Oxford St, Pontotoc, MS 38863

(662) 489-0096

The Red Door

346A W Oxford St, Pontotoc, MS 38863

(662) 489-1074

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.