Imagine taking a few old photographs to sell for $50 at a pawn shop only to discover they’re worth $20,000!
That actually happened to one woman featured on the hit TV show Pawn Stars.
Granted, most of us probably don’t have an unrealized fortune sitting in our attic. Still, that’s not to say you don’t have a few items that might be worth selling to a pawn shop.
Are you in need of some fast cash? Or do you need to clear some clutter from your basement, attic, or garage?
In this post, we’ll explain how to sell to a pawn shop to make sure you get the best deal for your items. Read on to learn more.
1. Research Your Items
The average person who walks into an average pawn shop gets about $75 per item.
Are your belongings worth more than that? Less? Do you even know?
The worst thing you can do is walk into a pawn shop uneducated. Before you even begin the selling, start by researching exactly what you’ve got and what it’s worth.
Is the item a brand name? If it’s jewelry, look for a stamp to indicate exactly what it’s made of. If it’s electronic, is it in good working condition?
If you have any doubts about their worth, get your items professionally appraised.
2. Research the Best Pawn Shops
With thousands of pawn shops around the country, how will you decide which one to visit first?
Start by reading online reviews. These will give you a general idea of how fair, helpful, and honest the owners are. You might also stumble across a pawn shop that specializes in the type of item you hope to sell.
An online database can provide listings for the best pawn shops in your city.
3. Prepare Your Items
Before you head to the pawn shop, make your items as clean as presentable as possible.
Wipe off the dust and use tarnish remover to restore shine. Install new batteries in electronic items so you can demonstrate how well they work.
It’s also a great idea to have a bottom line in mind. Decide beforehand the lowest offer you’ll accept, and be determined to stick with it.
4. Get Ready to Negotiate
Remember, a pawn shop won’t pay the full price value of your item. They’re in the business of reselling, so your goal is to find a price that satisfies both of you.
Ask the pawn dealer to make you an offer, and be ready to come back with a counteroffer. If the dealer is pushy or seems unwilling to cooperate, don’t be afraid to walk away.
It might be a good idea to visit a few different pawn shops in your area, especially if you have multiple items to sell. Because the industry is so subjective, different pawn dealers may offer you a better deal than others.
How to Sell to a Pawn Shop: Now You Know
So, now that you know how to sell to a pawn shop, what’s your next move?
If you’re ready to sell, use our online submission form to get the process started.
Still on the fence about selling or pawning? There are pros and cons to each option. Read our recent post to find out more.