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 Walnut Grove 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.

Gold & Silver Extravaganza II / J&S Gold and Silver LLC

1149 Old Fannin Rd Ste 4, Brandon, MS 39047

(601) 321-9010

Sims Gold, Silver and Coin Exchange

118 Service Dr. Suite 2, Brandon, MS 39042

(601) 940-3007

Project Undefined

209 Bay Park Dr, Brandon, MS 39047

(601) 966-2061

Velvet Paper Photography

209 Bay Park Dr, Brandon, MS 39047

(601) 966-2061

Ferber's Jewelry

113 Suncrest Pl., Brandon, MS 39047

(601) 405-3200

And C Jewelry Plus Boutique

101 Black St, Brandon, MS 39042

(601) 824-1530

Monkey Charms

118 Service Dr Ste 3, Brandon, MS 39042

(601) 824-9130

Pawn Masters

1584 Old Fannin Rd, Brandon, MS 39047

(601) 487-8964

Courtyard Mfg Jewelers, LLC

210 Woodgate Dr S, Suite B, Brandon, MS 39042

(601) 825-6162

Heart Of The South Apparel And Gift- AKA Monogram Express

131GATEWAY Drive Suite A, Brandon, MS 39042

(601) 825-1248

Julie's Fine Jewelry

234 Magnolia Dr, Raleigh, MS 39153

(601) 782-9596

Silver Gallery Inc

122 Ingleside East Dr, Madison, MS 39110

(601) 853-0551

Stein Jewelry

1896 Main St, Madison, MS 39110

(601) 605-8648

The Jewel Shoppe, The Diamond Store

215 W Main St, Louisville, MS 39339

(662) 773-3320

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.