March 08, 2020 - Jewelry & Luxury Items
In this post, we give you solid, actual numbers for how much pawn shops pay for watches of various brands. These brands include Rolex, Movado, Casio, Fossil, Shinola, Breitling, TAG Heuer, Seiko, Chopard, Panerai.
How do we have this data? At PawnGuru, we facilitate online introductions between pawn shops and pawn customers who are looking to pawn or sell their watches for top dollar.
How it works is you list your watch on PawnGuru for free, which only takes a couple minutes. This signals to pawn shops in your local area that you’re thinking about selling or pawning your watch. The pawn shops will then bid on your watch, and you’ll receive these offers online.
We’ll go into detail on how to pawn a watch later on in this post, but first, see how much pawn shops pay for watches below!
Based on the available 2020 data from PawnGuru transaction requests, here is how much pawn shops pay for watches on average:
There is a huge variance between the minimum and maximum watch offers because there are so many different types of watches that people pawn or sell to pawn shops. High-end, luxury watches will sell for a lot more than lower-end watches.
We’ll get more specific on how much pawn shops pay for specific types of watches included in those numbers, below.
The average price pawn shops paid for a Rolex watch in 2020 was $2327.75.
On average, pawn shops paid $23.35 for a Fossil watch in 2020.
The average price that pawn shops paid for Movado watch in 2020 was $100.68.
Pawn shops paid an average of $310.38 dollars for a TAG Heuer watch in 2020.
In 2020, pawn shops bought Casio watches for an average of $26.13.
Seiko watches were sold to pawn shops for $38.71 on average in 2020.
Shinola watches were bought for $119.54 on average in 2020 by pawn shops.
In 2020, pawn shops paid an average of $1414.28 for Breitling watches.
Chopard watches were sold to pawn shops for an average of $1500 in 2020.
The average price that pawn shops paid for a Panerai watch in 2020 was $1550
Now that we’ve answered your question, “how much do pawn shops pay for watches?” based on PawnGuru’s 2020 data set, you can feel confident to pawn or sell your watch to a pawn shop.
Here’s how to pawn or sell your watch:
Related reading: How to Pawn a Rolex Watch and Pawning a Watch for the Most Money Possible
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.
More Articles