January 12, 2020 - Jewelry & Luxury Items
It’s true that brass – even what you might consider scrap – can net you some cash. Many people have brass around: ornaments, key rings, old brass instruments, candle holders, hardware, or even shell casings can be worth money.
If you’re looking to unload some brass, you have a couple options: selling or pawning. But what’s the difference and what is the right option for you? We’ve put together this quick guide to help you determine if you should pawn or sell brass.
The decision to pawn or sell will probably hinge on what type of metal you have.
If what you have is considered scrap, like old hardware or brass shell casings, chances are selling is the best option. Generally, scrap brass is sold to salvage yards or other metal recycling services, and they pay per pound.
But, if your brass is valuable (think trumpets, horns, ornaments, and figurines), consider a pawn shop. You’ll get more bang for your buck than if you were to sell per pound.
If your brass is scrap metal like shell casings, you’ll want to locate a salvage yard or other recycling facility in your area. You can take the scrap brass to them where they will weigh it pay you per pound. Brass will net you around .90 to 1.50/per pound.
If you have brass that isn’t scrap, you can try to sell it on an online marketplace, via classified ads, or at yard sales. Keep in mind that if you sell it online, you’ll need to ship it, and shipping heavy metal isn’t cheap.
If you have valuable brass that you don’t want to scrap, consider pawning it. Pawning is a smart option for a few reasons.
Pawn shops act as a short-term loan. Let’s say you need cash now. You could visit a pawn shop with a brass item like an instrument and get cash on the spot. Then, if you want the item back, you simply need to repay the loan in the amount of time the pawn shop grants, and the item becomes yours again.
This is a great option if you’d rather not give up ownership of the item.
If you don’t want the item back, pawning is still a valid option. Probably one of the aspects that makes it most attractive is the convenience. If you sell online via a classified, you need to find a buyer, set up times to meet, or pay to pack and ship.
If you pawn, you avoid that hassle completely and just trade your brass for cash.
Whether you decide to pawn or sell brass will depend on several factors. The best option for you will depend on the reasons you’re getting rid of the brass to begin with.
Do you need cash now but have an attachment to the items? Will you be able to pay the loan back in a timely fashion? If so, consider pawning. If the items have no sentimental value, you don’t care to get them back, and you’re not in a time crunch, you can sell or pawn.
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