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 Southaven 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.

Platinum & Gold

579 Goodman Road East, Suite 1, Southaven, MS 38671

(406) 763-6539

North Mississippi Coin Co

7020 Tchulahoma Rd, Southaven, MS 38671

(662) 349-1771

Best Jewelry

1076 Goodman Rd E, Southaven, MS 38671

(662) 510-5494

Southern Jewelry

7075 Malco Blvd # 109, Southaven, MS 38671

(662) 349-0008

Zales

6494 Towne Center Loop, Southaven, MS 38671

(662) 536-1724

Custom Jewelry-Southaven

1055 Goodman Rd E Ste D, Southaven, MS 38671

(662) 349-9070

Kay Jewelers

6588 Towne Center Loop, Southaven, MS 38671

(662) 536-1939

Dabbs Gun & Pawn Shop

7957 Highway 51 N, Southaven, MS 38671

(662) 393-6498

Robert Irwin Jewelers

35 Goodman Rd W Ste D, Southaven, MS 38671

(662) 349-8880

Southaven Clock Watch & Jewelry

8866 Millbranch Rd, Southaven, MS 38671

(662) 393-9839

Avenue

35 Goodman Rd W Ste J, Southaven, MS 38671

(662) 349-0880

It's Fashion

463 Stateline Rd W, Southaven, MS 38671

(662) 342-6616

Versona

6562 Towne Center Xing, Southaven, MS 38671

(662) 349-3707

Dunn's Jewelry

1255 Main St, Southaven, MS 38671

(662) 363-1501

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.