In 2012 there were over 10,000 pawn shops in the United States.
Pawn shops are one of the most and best regulated kinds of financial firms. If you need money and lack or don’t want to use traditional credit, for whatever reason, it’s hard to find a better choice.
If you’re looking to sell at a pawn shop, Baltimore is the place to be. There is practically a pawn shop on every corner. But how do you get the most out of your purchases?
Today we’re going to tell you exactly how to sell or pawn your valuables. Keep reading to find out.
What Are the Best Items to Sell?
Pawn shops drool over certain items. Why? Because compared to your grandma’s prized poodle salt shaker collection, a diamond ring will always sell for more.
Here are a few things you’ll almost certainly get some great cash for if you sell them.
Gold is a moderately stable asset. Don’t put your whole 401K in it, but it’s a reasonable hedge. It also happens to sell well at pawn shops, just like silver and platinum.
Shops can easily convert precious metals into cash. Their value is something third parties asses and this makes it easy for pawn shop owners to offer the value of the metal, when it gets melted down.
Diamonds and Gems
Diamonds are probably the most sold items at pawn shops. But this doesn’t mean they want fewer diamonds. Diamonds are a popular signifier of wealth and success. Many people are eager to adorn themselves with diamonds of all sizes, colors, shapes, and tastes.
Jewelry might not be as appealing for a pawnbroker, but that really depends on the gems you’re presenting. If you’re selling a bit of amethyst, the broker might not bat an eye. But if that’s a ruby on that ring, you might get their attention.
When you think of status, what piece of jewelry comes to your mind? For men, that might be an expensive watch.
Certain watches are immortal status symbols. Look at Rolex, for example. The Rolex company supposedly creates superior timepieces with incredible craftsmanship. And even if they didn’t, their brand already comes with the prestige of wealth.
Try to sell a real Rolex at your local pawn shop and you could get upwards of $500 for the watch. Also, consider other luxury brands like Ulysse Nardin, IWC, Panerai, and Hublot. A Panerai could get you over $1000.
Power tools are fairly expensive now. And you can buy power tools that do just about anything. But if you want to sell them, you won’t get exactly what you paid for them.
Pawn shops will take your power tools and you could maybe get $100 out of a combo kit that’s well cared for. But since pawn shops sell power tools so frequently, they’ll readily buy them up. They can quickly turn around and sell them for a profit.
To Sell to a Pawn Shop, Baltimore Is Your Town
Again, this town is littered with shops. Instead of searching on Google “pawn shop Baltimore,” use our site to compare offers and get cash locally.