February 06, 2020 - Pawn Resources
You have something of value in your house that you don’t need anymore. You’ve considered selling it, but don’t want to go through the hassle of posting online or advertising. You’ve considered pawning it, but don’t really know how pawn shops work, so you just let the thing sit there forever.
Maybe you’ve heard that you’ll get ripped off. That isn’t true as long as you know the worth of your item. Plus, if you’re not going to do anything with that ancient artifact anyway, where is the harm in bringing it to a pawn shop and getting a quote?
In order to be more confident when you walk into a pawn shop, it’s important to have a general idea of what to sell.
Pawn shops will buy anything that they will be able to sell. Granted that the item doesn’t take up too much space or expire before it gets sold, as long as it’s a thing that those in the community will buy, there’s a good chance you’ll be able to sell it.
Modern electronics, stereo equipment, instruments, weapons, bikes, and DVD’s are all commonly accepted items at pawn shops.
There are tems that are more sought after than others, but the odds are in your favor if you have something that’s worth some money. If you’re concerned with what to sell, give your local pawn shop a call to see if they buy that item.
There are a few things that pawn shops don’t ever want. As a general rule, if you wouldn’t think to buy another one of these things in the next fifteen years, there’s a good chance that your local pawn shop won’t take it.
A lot of clothing and personal jewelry will get denied too. In fact, unless you have a really nice jacket, your clothing is likely a no-go. Jewelry is usually only taken if it can be verified as real.
Most importantly, if your item is broken in any way, you’re probably not going to sell it. Pawn shops are very particular when it comes to the quality of the items they buy. That’s why it is important that you know what to sell.
Remember that pawn shops don’t need your Blu-ray player because they already have thirty of them. They want functional, sellable items.
Pawn shops have two functions for people looking to get some fast money; pawning and selling. Pawning something is essentially the act of borrowing money, and your item is the collateral. Selling is simply getting money in exchange for the item.
There’s usually a time frame for you to pay the shop back in order to get your item before they are legally allowed to sell it. Because of this, it’s important to know that you will eventually have the money to buy the item back.
It is tempting, but try not to pawn very personal items of value. Things like wedding rings, family ornaments, or your grandfather’s guitar are probably not the best things to pawn.
Search your house for those unwanted items, find what to sell, and pawn those items today to make some fast cash!
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
August 31, 2018, 11:03 PM
Thanks for explaining what items can be sold at a pawn shop, such as instruments, weapons, and modern electronics. When figuring out what to sell, you’d probably want to figure out how much cash you need and then research local shops to see what it’s worth. When researching them, it could help to also check their reputation in order to find somewhere that is reliability and will give a good price for your guitar, computer, or any other item you wish to sell.