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 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.

Treasure Chest

144 Broad St, Newton, MS 39345

(601) 635-2885

LaBiche Jewelers, LLC

2212 8th St, Meridian, MS 39301

(601) 693-6071

Wilkerson Gold Buying Center

2526 N Hills St, Meridian, MS 39305

(601) 693-0068

Coastal Gold N Silver

1210 Bonita Lakes Cir, Meridian, MS 39301

(601) 693-3040

United States Rare Coin & Currency

2115 5th St, Meridian, MS 39301

(601) 480-6402

24 Krt Inc

4908 29th Ave, Meridian, MS 39305

(601) 483-9922

Jewelry Palace

1300 Bonita Lakes Cir, Meridian, MS 39301

(601) 482-0268

Kay Jewelers

1490 Bonita Lakes Cir, Meridian, MS 39301

(601) 484-3005

Reeds Jewelers

1150 Bonita Lakes Cir, Meridian, MS 39301

(601) 693-7884

Jewel Time

1834 Bonita Lakes Cir, Meridian, MS 39301

(601) 693-4886

Lawrence's Jewelry and Repair

2501 7th St, Meridian, MS 39301

(601) 482-8391

Jewelmount Inc

9416 Lizelia Rd, Meridian, MS 39305

(601) 934-1600

Paynes Custom Jewelry

9165 Lizelia Rd, Meridian, MS 39305

(601) 679-5169

Jewelers Bench

4803 Poplar Springs Dr, Meridian, MS 39305

(601) 483-4733

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.