January 24, 2020 - Pawn Resources
With the California border such a close drive away and Vegas a little further down the state, there is an influx of fascinating items in the dozens of pawnshops open for business in Reno, Nevada. Whether you have a specific item you know is valuable or you just need emergency money, it’s good to know what interests pawn dealers. Using PawnGuru to distinguish what items yield high payouts and what’s better left at home makes getting quick money much easier!
There is a wide disparity in the amount dealers are willing to offer a collateral loan. Some commodities are worth more in places like Reno because of the local demand. For example, musical instruments are typically valued highly in Reno because of the city’s proximity with Vegas, Sacramento, and San Francisco. The high concentration of performers makes these items appraised with a higher volume.
This article guides you through three items that pawnshops can’t wait to write up a contract to get cash in your hands now!
If you could use some extra cash and have an abundance of jewelry you don’t wear on a daily basis, this is one of the best places to start. Whether you have a family heirloom wedding ring, scrap gold or silver—jewelry has innate value to pawnshops.
Many will take wedding rings handed down and pawn the gold or silver while keeping the diamond as a remembrance. Minimalists might even pawn or sell the whole ring if they don’t believe in owning things for the sake of owning them.
Gold and silver are appraised by the karat while diamonds will need a more specialized eye to analyze the cut, karat, color, clarity, and size. At the time of writing, gold is valued at over $40 a gram and diamonds fluctuate in value. Even precious stones can be pawned. To truly find out an accurate appraisal for the entire Reno area, list your jewelry on PawnGuru to find out its value!
The market for high-end electronics is constantly widening as technology becomes more sophisticated. New electronics debut in retail stores almost ubiquitously. This makes pawning electronic items a lucrative approach for short-term loans. Everything from gaming consoles, TVs, desktop computers, tablets, and laptops can get a surprisingly high payout.
Cell phones are also a hot commodity. The newest installment of the iPhone is worth $1k from a retailer making older models more available. Contrary to popular belief, older model iPhones are still valuable because of the demand. Between competition with the Samsung Galaxy 9, the steep price of the iPhone making smartphone users reluctant to update, and more consumers buying their phone outside of service carrier stores—the market for pawned phones will continue to grow.
With the wide variety and spectrum of available electronics, items like laptops can range anywhere from $15 to $500. It all depends on details like brand, quality, and condition. Find out how much your electronics might be worth on PawnGuru!
As we said earlier, musical instruments are a great item to use as collateral against a pawn loan. This is especially true in Reno! The high convergence of musicians, DJs, and producers make musical instruments highly coveted items for consumers and pawn dealers alike!
Many parents who shelled out funds for their children’s musical instrument only to have their kids quit later are relieved they can still get some money back. The guitar is the cornerstone in musical instrument pawning and can range anywhere from $20 to $1,600 in value. For example, the typical value of a Gibson Guitar on Pawnguru is $1,058.
Of course, speakers and amplifiers are also a constant presence in pawnshops, but DJ equipment is also rising in demand! You can pawn anything from Traktor Controllers to wax vinyl in this realm. Since there are so many variables involved in knowing your equipment’s potential value, it’s wise to use PawnGuru to get a gauge of pricing.
Pawning can be trepidatious for those who are not well versed in getting a short-term loan this way. Fortunately, pawn shops are credible and can be a safe alternative to traditional loan services that damage your credit and can have even higher interest rates than a pawnshop!
PawnGuru is a free resource that simplifies the whole process of pawning. All you need to do is list your items and the PawnGuru portal takes care of the rest. Your listing will be sent out to local pawnshops in our affiliate network. Within minutes you’ll receive offers you can sift through to find the highest offer. There’s no obligation and PawnGuru’s vetting system can keep you safe from dishonest shops!
To get an idea of how much your items are worth in Reno, click here to use PawnGuru!
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