February 09, 2020 - Antiques, Art and Collectibles
And it’s not just in watches, art, and home decor incorporate a simpler, rustic and farmhouse style.
Perhaps people are turning to retro styles to harness the calm and simplicity of yesteryear, especially in today’s ultra-fast, noisy world, tranquility, and things that last are a novelty.
If you have antique vintage watches to sell, here are 5 tips on how to sell them to a pawn shop for the best profit.
Use the internet to find out the value of your antique vintage watches. Start with auction sites and other online watch retailers.
If you find the same brand and style watch online, you will have a great idea of what buyers are willing to pay for it.
Make sure you check several sites, especially the sold section. Sellers might be wishful thinking and listing a high price that has no interested buyers.
Read about if pawning antiques is worthwhile.
Selling antique watches to a pawn shop can go in 1 of 2 ways. You can pawn or sell.
Selling means you walk out with cash. Pawning means that you leave the item at the store and walk out with a loan for a set period of time. This is a great choice if you are in need of cash right now.
If you pay the loan and interest back by the agreed date, you get your vintage watch back. If you can’t pay it back, the pawn shop now owns your item.
Usually, the loan is for up to 4 months. The interest rates are generally regulated by the state in which that pawn shop operates.
To get the most money out of your watch, make sure you do a simple maintenance on it.
This includes replacing the battery, cleaning the face and links with a rag and jewelry cleaner.
The better it looks, the more money you can get for it.
If you want to ensure you are getting top dollar for your item, take it in for a professional appraisal. The appraiser will give you a certificate with the value of your watch.
Bring this into the pawn shop with you to negotiate the price. Yet, don’t expect to get the price listed on the appraisal. Pawn shops also need to make money by selling your item.
You can expect to get up to 60% of the value of your antique vintage watch.
Each pawn shop is individually owned. Some owners will be better to work with than others. Check out reviews of each local pawn shop online to see what sellers have to say.
Look to see if any specialize in antiques or watches. You will likely get the most for your items at specialty shops like these.
We hope you found these 5 tips on selling antique vintage watches helpful. Follow these guidelines to make sure that your watch has a lot of interest and is presented in the best possible way.
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