If you’re asking “how much do pawn shops pay for watches” and you want the latest data based on actual pawn shop offers from 2016, you came to the right place.
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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, IWC Shaffhausen, Panerai and Patek Phillipe.
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!
How Much do Pawn Shops Pay for Watches on Average?
Based on the available 2016 data from PawnGuru transaction requests, here is how much pawn shops pay for watches on average:
- Average Watch Offer: $288
- Minimum Watch Offer: $5
- Maximum Watch Offer: $14,500
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.
How Much do Pawn Shops Pay for Rolex Watches?
The average price pawn shops paid for a Rolex watch in 2016 was $2,268.
How Much do Pawn Shops Pay for Fossil Watches?
On average, pawn shops paid $22 for a Fossil watch in 2016.
The average price that pawn shops paid for Movado watch in 2016 was $136.
Pawn shops paid an average of $440 dollars for a TAG Heuer watch in 2016.
In 2016, pawn shops bought Casio watches for an average of $40.
Seiko watches were sold to pawn shops for $48 on average in 2016.
Shinola watches were bought for $265 on average in 2016 by pawn shops.
In 2016, pawn shops paid an average of $2,040 for Breitling watches.
Chopard watches were sold to pawn shops for an average of $1,500 in 2016.
The average price that pawn shops paid for a Patek Phillipe watch in 2016 was $13,300.
The average price that pawn shops paid for a Panerai watch in 2016 was $3,333
In 2016, pawn shops gave an average of $3,066 for IWC Schaffhausen watches.
How to Pawn or Sell Your Watch to a Pawn Shop
Now that we’ve answered your question, “how much do pawn shops pay for watches?” based on PawnGuru’s 2016 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:
- List your watch online at PawnGuru—it’s free!
- Receive watch offers from pawn shops in your local area
- Compare the offers
- Accept the highest offer for your watch
- Enter the pawn shop to make the transaction