For many people, pawn shops are an excellent way to get fast cash. A pawn shop is a place that uses your valuables as collateral for a loan or buys them with the intention of reselling. If you choose to take out a loan, you’ll have a specific amount of time to pay back the loan plus interest before your items are returned to you. If you fail to meet your repayment obligation then your items may be sold to recoup the Pawn Shop’s losses.
What Can I Pawn?
You might be wondering, “What can I pawn?” The easy answer is you can pawn almost any item of value. Now value is subjective so acceptable items will vary from shop to shop, but there are certain items that are almost always universally accepted. Jewelry, precious metals (gold, silver, etc) electronics, and musical instruments are usually accepted at most pawn shops.
Pawn shops take great care in ensuring they do not purchase stolen items, in fact, they are extra careful to avoid buying stolen property since they will be on the hook for it and have to forfeit it to law enforcement. To avoid any mixups or slowdowns make sure you include any documentation or proof of purchase you have related to the times you wish to pawn.
Pawn shops usually will not accept items that are clearly replicas (such as fake designer purses, watches, and shoes). They also do not typically accept clothing or books, unless they are very valuable ( like a first edition Tom Sawyer or Pride and Prejudice). And while they may not have a friend who is an expert who just happens to be 5 mins away, pawn shops do their due diligence to make sure the items are authentic. Items should be in full working order when you bring them to be pawned.
What Do Pawn Shops Buy?
So what do pawn shops buy? Pawn shops typically buy anything they know they will be able to sell. Jewelry is a big part of most pawn shops. Customers can pawn a valuable piece of jewelry for a lump sum of cash or a temporary loan, and the pieces can easily be resold at a fair price. Gold jewelry is much more valuable than silver jewelry and thus it fetches a higher price. Most shops are not interested in watches unless they are extremely valuable and have proof of authenticity. Rolex, Cartier, Chanel, Breitling, and Piaget are popular brand names for watches. Most pawn shops will also accept collectible currency and coins including half dollars, silver dollars, and rare paper money.
Power tools that are in good condition are usually acceptable by most pawn shops. Popular brands include Bosch, DeWalt, Craftsman, Milwaukee, and Dremel. Circular saws and power drills are always in high demand and so they make great items to pawn. Printers and computer equipment can be pawned, but they must be new models. The same goes for TVs and tablets. Guns can be a tricky item so we wouldn’t recommend walking in off the street with a firearm on your person. Instead, it is a great idea to call ahead and schedule a time and pick up option with the pawn shop Walking into a store with a gun (even if you plan to pawn it) is never a great idea, so call ahead before visiting. Many pawn shops will gladly accept video game consoles (such as PlayStation4-5, Wii, and Xbox devices), as long as they are in good working order.
DVDs, video games, and cell phones are not great items to pawn because they are so common. Used DVDs and video games are sold cheaply in thrift stores and other resale shops, so pawn shops are unlikely to be interested in them. Cell phones are frequently stolen, and it is usually too risky for a pawn shop to sell them. However, there are exceptions to these rules, so check with your local pawn shop to learn exactly what items they accept.
The Best Items to Pawn in Boca Raton
If you’re interested in pawning items, it’s a great idea to make a note of the best items to pawn and stick to that list. Gold jewelry and current electronics are always desirable at pawn shops. Even broken gold jewelry is still valuable. iPads, current flat-screen TVs, and digital cameras by Nikon and Canon are also highly desirable. Musical instruments, such as electric guitars and violins can also fetch a pretty price.
READY TO PAWN OR EVEN SELL YOUR FIREARMS? COME BY A TO Z GUNS & PAWN TODAY!
A to Z Guns and Pawn is one of the most popular and regarded pawn shops in all of Broward County. When you’re ready to pawn or even sell an item, you can trust that we’re the go-to choice. You can also trust that if you have a firearm that you’re willing to sell or pawn, we’ll help determine its best value. To inquire more about our services, you may call us at 954-941-1826 or visit our contact page.