There are many items you can pawn for quick cash. Some of the most popular items include gold and silver jewelry, Rolex watches, Apple products, guns, and tools, but pawn shops are interested in plenty of other items as well.
When people think of pawning something in a pawn shop, they think of items like jewelry and electronics. But there are many other things you didn’t know you could pawn. In fact, there are a lot of items that are worth money to a pawnbroker. So if you’re in need of some quick cash and have some items lying around that you don’t really need, you should consider pawning them. In this article, we’ll discuss some of the best items to bring to a pawn shop. Keep reading to learn more!
What Do Pawn Shops Buy?
Pawn shops work by giving people a loan against an item that they bring in. The person then has a set amount of time to pay back the loan, plus interest. If they can’t pay it back, the pawn shop keeps the item and sells it. This is why it’s important to know what your pawn shop is willing to buy before you go in.
What Can You Pawn at a Pawn Shop?
Pawn shops will buy just about anything that has value and they are interested in a variety of items. However, there are some things that pawn shops are always interested in. These items include jewelry, guns, electronics, and tools. If you have any such things lying around your house, it’s worth taking them to a pawn shop to see what they can offer you. In fact, some pawn shops may offer more money than what you would get on eBay or Craigslist.
DID YOU KNOW: Pawn shops are everywhere, but do you know where they get their name from? The word ‘pawn’ comes from Latin and means pledge because personal items are used as a pledge to repay the loan!
Things You Didn’t Know You Could Pawn
Pawn shops are a great option for getting cash quickly, and there are many things you can sell for quick cash. If you have some old stuff you want to get rid of, be sure to check out the offer at your local pawn shop!
Things Pawn Shops Always Buy
Before we look at the items you can pawn, there are some rules you need to be aware of. When pawning an item, it’s important to bring the right documentation. This includes your driver’s license or ID, the title to the item you’re pawning, and proof of ownership.
If you’re pawning a firearm, be sure to bring your concealed weapon license or permit. Without this documentation, the pawn shop may not be able to process your transaction.
Now that you know what to bring, we can take a look at all the things you can sell at a pawn shop.
What Can I Pawn & in What Condition?
Gold and silver jewelry – new, vintage, or estate
– new, vintage, or estate Rolex watches – newer models in good condition
– newer models in good condition iPhones – any generation in good condition
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– any generation in good condition Other high-end electronics – mobile phones, tablets, and laptops in good condition
– mobile phones, tablets, and laptops in good condition Guns – any type, any condition, must have a firing pin
– any type, any condition, must have a firing pin Tools – power tools and hand tools in good condition
– power tools and hand tools in good condition Musical instruments – guitar, violin, cello, piano
– guitar, violin, cello, piano Collectible coins and stamps – must be in mint condition
– must be in mint condition Jewelry – any type, any condition, must have all stones and gems intact
All of these are high-demand pawn items, but what about things that aren’t as commonly pawned? There are many items that people can pawn for cash that may not be so obvious.
Let’s look at the things you didn’t know could be sold at a pawn shop!
High-end fashion items – designer handbags and watches
– designer handbags and watches Artwork – paintings or sculptures
– paintings or sculptures Household appliances – TVs and computers
– TVs and computers Home decorations – couches, chairs, other furniture
– couches, chairs, other furniture Cookware – pots, pans, dishes
– lawnmowers or weed whackers Camping gear – tents and sleeping bag
– tents and sleeping bag Workout equipment – treadmills or ellipticals
– treadmills or ellipticals Sporting equipment – golf clubs and fishing rods
– golf clubs and fishing rods Children items – car seats, cribs, strollers
– car seats, cribs, strollers Gaming systems – Xbox, Nintendo, PlayStation
– Xbox, Nintendo, PlayStation Other entertainment – books, CDs, DVDs, board games
These are some of the best things to pawn and you probably didn’t even know that you could do that! Although the prices vary depending on the state you live in, pawn shops usually offer a wide range of prices to fit any budget. Who knows, you may have some extra cash just waiting to be pawned!
How Do You Know if an Item Is Worth Pawning?
Out of all the things you can pawn, the best items to bring to a pawn shop are those that are in high demand and have a high resale value.
To determine if an item is worth pawning, ask yourself two questions:
Does the item have sentimental value? Is the item’s current market value high?
If you answer yes to both questions, then the item is likely worth pawning.
What Is the Usual Pawn Shop Interest Rate?
If you’re wondering what can you sell at a pawn shop and at what interest rate, you should know that the pawn shop interest rate varies depending on the state you live in. It’s usually higher than with other types of loans. This is because pawn shops take on a higher risk than lenders take when issuing a loan. If you can’t pay back the loan, the pawn shop will keep your item, but there’s no guarantee that it will sell. So be sure to weigh all of your options before deciding to pawn items.
Key Takeaways
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Pawn shops give you a loan, so bring the right documentation when pawning an item. Pawning high-demand items is best for getting a high return. There are many things to pawn for cash that you may not have known about. The pawn shop interest rate varies depending on the state but it’s usually higher than with other types of loans.
Pawn Shops vs Secured Loans: How Are They Different?
When it comes to getting a loan, there are two main options: a pawn shop or a secured loan.
At a pawn shop , you bring things worth money to pawn and get a loan against them .
, you bring things worth money to pawn and . A secured loan is when you take out a loan from a bank and use your house or car as collateral.
So, what’s the difference between a pawn shop and a secured loan?
The biggest difference is that with a pawn shop, you don’t have to worry about losing your house or car if you can’t pay back the loan.
Both pawn shops and secured loans have their pros and cons. Getting money from a pawn shop is a lot quicker and easier than getting a secured loan since there are plenty of things to sell at a pawn shop. However, the interest rates are usually higher than with a secured loan.
For secured loans, however, you need to have an asset (i.e car or house) that the lender can take if you don’t pay back the loan.
So if you’re in need of some quick cash, a pawn shop may be the right solution for you! If you’re not in a rush and have an asset to your name, a secured loan might be a better option than selling pawn shop items.
DID YOU KNOW: We all know that getting a loan with poor credit can be hard, especially if you’re dealing with an emergency situation, but it’s not impossible. Luckily, there are specialized fast loans you can get if you have bad credit.
Conclusion
So what are the most attractive things to pawn? The answer is going to vary depending on your location and the demand for certain items in your area. Generally, high-value items that are easy to transport and have a low risk of theft will be more attractive to pawn shops.
We hope we’ve answered some of your questions about what things pawn shops buy. Remember to check your options first, and only pawn something that you can afford to part with!
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