Would you like to have a couple extra thousand dollars this month? What about ten thousand dollars? That money could be yours if you have a designer handbag to pawn.
Designer handbags are lucrative pawn shop gems with huge potential returns.
But, not every designer handbag will bring in the big bucks. You have to have the right brand, style, quality, and proof of authentication. Without these things, your handbag is worth nothing.
Before you try to sell handbags from your closet, check out these tips. These three criteria will tell you if you have a jackpot on your arm or a lemon.
There’s plenty of fake designer bags in pawn shops across the country. But, real handbag buffs can spot fakes from a mile away.
If your bag isn’t real, don’t expect a big return if any at all.
Proving the authenticity is an important part of pawning designer handbags. If you’re lucky enough to have a real Hermes, you also want to the paperwork that proves it’s authentic.
Designer retailers will often sell new handbags with this paperwork. Including it in your sale can increase your asking price.
Some brands are commonly found in thrift stores and pawn shops. GUESS, Calvin Klein, and Ann Taylor aren’t rare brands. Brands that are affordable and inexpensive aren’t rare, either.
The rarer the brand, the higher the return. Here are some brands that will bring in the green:
If you have an authentic handbag from one of these brands, you could sell them for thousands of dollars. You can make even more if the bag is vintage or from a limited edition collection.
3. Wear and Tear
Unfortunately, the brand and rareness don’t mean a whole lot if the bag’s in bad shape. Wear and tear are normal, but designer bag lovers take excellent care of their bags. They won’t buy yours at a pawn shop if its got rips, scuffs, and scratched hardware.
Assess your designer handbag’s current state. Is the interior stained from pen ink? Are there scratches on the silver buckles?
Some wear and tear can get fixed with polishing and dry cleaning. But, rips and tears might make it too far gone. It’s still worth pawning, but know that you won’t get as much as a bag in great condition.
Maintenance is a big part of owning designer handbags. They often come with dust bags and heavy-duty boxes. If you still have these items, include them in your sale.
Are You Ready to Sell Handbags from Your Closet?
You can potentially make a ton of money from selling your designer handbags. The authenticity, rarity, and quality of your bag determine how much you’ll get.
Some bags can bring in over ten thousand dollars. Others won’t earn you’re a dollar.