So you’re in a pinch with cash. You need money for rent, for food, or a medical emergency because of our dumb health care system that causes 65% of US bankruptcies.
Or perhaps it’s for something else. Whatever the case, you’re now asking: how can you get $1000 fast? Ask experts on short term, emergency lending, here’s our answer.
Well, there are really 2 methods to get $1000 from pawn shops, and 2 ways to get to $1000.
First, you have a choice whether to pawn or sell your item to a pawn shop. Second, you can either pawn or sell a really valuable item or a bunch of smaller items for $1000.
Here we’ll give you a brief introduction on pawning vs. selling and then launch into the types of items pawn shops want and will give you $1000 for.
You have a choice. You can either pawn or sell your items to get $1000 from a pawn shop. If you pawn an item, you’ll get a short term loan, with a term of usually a month to a year, to pay it back. At the end of the term you will get your item back if you paid off the loan (plus interest_. If you do not pay off the loan, it will not affect your credit score! You can also sell your item to a pawn shop. You usually get more money from selling than from pawning. You’d get about 45-60% of what the shop is able to resell your item for with pawning, and about 60% from selling. These are the averages across the United States.
Here’s a little secret though. Pawn shops actually care about you. I’ve spoken to a bunch of pawn shops and they all told me that their customers are the most important part of their business. Most pawn shops are local small business that care about their communities. They give loans to people when people can’t get loans elsewhere. They don’t want you to default on your loan. If you get into dire straits and are afraid that you can’t pay back the loan in time, just ask for an extension. Most pawn shops are willing to help out.
First of all, pawn shops are a business. They need to make money off of your item in order to stay in business. They can make money by issuing you a loan that you pay off, and they can make money by selling your item. Pawn shops also have costs. They have to pay for storage of your item. They have to pay for labor of running the business. They have to pay for the licenses to run the business. So if they buy an item from you at face value, and sell it for face value they would lose money because of their overhead costs.
So the items they want the most are small items that are worth a ton that have a high turnover rate. These items have the lowest cost for storage, and are least likely to remain in storage. Do you have any really nice jewelry or firearms? Pawn shops especially love diamond rings.
Diamond rings are great to bring into pawn shops. You’ll usually get much closer to market value if you bring in a diamond ring. Here’s why.
There’s a huge culture in America of young couples going into pawn shops to buy diamond rings. When you enter the pawn shop one of the first things you’ll see is the large glass case of diamond rings. Do you have a really nice ring? Add your ring to the pawn shop collection for $1000. I heard of a guy pawning his ring for $7000 on PawnGuru a few weeks ago. This is one of your best bets. Here’s advice on how to get the most for your ring.
Also, the metal and the diamonds are worth money even if the ring doesn’t sell. Pawn shops know that they can’t sell every item, but if a diamond ring doesn’t sell, pawn shops can always sell the diamond and the metal. What is your ring made out of? If it’s gold, look for an engraving inside that has a number and a K. The higher the karat the higher the price. If it’s silver look for 3 numbers. If the 3 numbers also have a pt, a plat, or a platinum next to them, congratulations your ring is platinum! Platinum is worth more than gold. If your ring just has 3 numbers, it is silver. The 3 numbers correspond to the purity of the metal. The closer it is to 999, the more the ring is worth.
Have a ring, but it isn’t a diamond ring? Have a necklace or a bracelet or a brooch? These also pawn and sell for a good price at pawn shops. Remember, they are small with a high turnover rate. They require little storage for the shop and sell for a lot of money. If the pawn shop can’t sell it, they can always sell the parts of the jewelry for scrap metal and scrap gems.
There isn’t as big of a culture around non-diamond rings, but they are still worth a large amount of money. The same goes for all other jewelry. The more the metal of your jewelry is worth, the more the jewelry is worth. The more the gemstones of your jewelry is worth, the more the jewelry is worth. Also the better your item looks the more it is worth. Please clean it, please keep it in good condition, and please take care of it on the way to the pawn shop.
If your item isn’t in good condition, you can always sell it for scrap metal and scrap gems to a pawn shop. You can sell broken necklaces, broken bracelets, and broken rings.
Some watches are worth $1000 at a pawn shop. How much did you pay for your watch? Is your watch a collector’s item? Is your watch in good condition? Is your watch made out of precious metals? Is your watch a Rolex, Breitling, Chopard, or Panerai? Rolex watches went for an average of $2805, Breitling watches went for an average of $1325, Chopards went for an average of $1500, and Panerais went for an average of $4500 in 2019 at PawnGuru..
Take a look at our article on how to pawn a watch for more info.
Some guns are worth over $1000 at a pawn shop. Most guns aren’t worth over $1000 at a pawn shop. Remember what pawn shops like. They like small, high quality, high worth items which sell fast and for lots of money. Make sure your pawn shop specializes in guns. If your pawn shop specializes in guns, they have a much higher turnover rate for guns. Higher turnover rate=more money. Use PawnGuru to pawn your gun and you’ll get the best deal from the shops which specialize in guns.
A good gun can be like a good watch. Go to FirearmsPriceGuide.com to find your specific gun and it’s face value worth. If your gun is in good condition, if it’s a collector’s item or an antique, or if it’s a high quality brand, all of these things will make your gun get a higher price. Please make sure it is functional and clean. Please clean your gun.
Also, this is very important. Have all of the licensing and all of the forms that say that gun is yours. You cannot pawn or sell a gun to a pawn shop that isn’t registered in your name! If it isn’t registered in your name, go and register it in your name. If it was gifted to you, go and get the paperwork from the person who gifted it to you!
This is a much easier question to answer. Generally a combination of jewelry, watches, firearms, electronics, musical instruments, tools and designer handbags will get you to $1000.
According to our data from PawnGuru, these items usually pawn or sell for around $500
According to our data from PawnGuru, these items usually pawn or sell for around $100
Take a look at these lists. Mix and match and present your items to look their best. If you don’t clean your items, pawn shops have to clean your items to make them presentable. They have to pay their staff to clean the items and put everything in a presentable form. This will take away from your cut. Make sure you have all of the accessories for the item you are pawning or selling. Nobody wants to buy a TV without a remote or a laptop without a charging cable.
Want to pawn or sell your item or items for $1000? Try PawnGuru! Just submit your item online and pawn shops in your area will take a look at it and offer you prices. The better your picture is, the more money you’ll get.