A couple of years ago, a client asked if he could pay my fee in silver. He was convinced I should be investing in precious metals, and his idea was that by paying me this way, I'd get interested and continue to buy silver and gold.
I knew at the time that his hopes for me were going on deaf ears, but it didn't seem to make much sense to disappoint him, so I took the silver payment -- one bar and a handful of pure silver coins.
A couple of weeks ago, I stumbled over this silver investment in my safe deposit box, and I made the decision right then and there to dump the stuff. So I began looking for a precious metals dealer that was someone other than a pawn shop.
I found a couple of jewelry stores who advertised that they bought the gold and silver. One store was in a shopping mall. I drove over there and looked inside the shop. It didn't look very prosperous to me. Then I started wondering how I would know whether they would pay a fair price, And there was the question of how they would pay. Would it be in cash or by their store check? I knew I didn't want their check.
So I moved on.
Dallas Gold and Silver Exchange is a big outfit. Its bullion exchange arm is U.S. Bullion, Inc., and it is a publicly traded company. The store in Dallas that was nearest me was on Reeder Road, reasonably near Love Field. So I decided to check them out in person.
Sherry Coe greeted me. She's been in that specialized business for many years, and it didn't take me but a couple of minutes to learn she knows her stuff. On a crawling light board near the ceiling, the current prices being paid on the market are posted.
Within ten minutes, Mrs. Coe had checked my silver, determined its gross weight, and multiplied by the current number on the crawl light board. I walked out with cash; no company check.
Dallas Gold and Silver Exchange is a huge place where precious jewels also are bought and sold, jewelry, too.
My experience with them, especially with the help of Mrs. Coe, was excellent.
Dallas Gold and Silver Exchange
11311 Reeder Road
973 484-3662 800 527-5307
BILL CHERRY, REALTORS
DALLAS - PARK CITIES