The popularity of reality TV shows like Pawn Stars may have changed some people’s view of pawn shops. But they’re still a great source of goods that you might not find at retail stores or online. And they’re a quick way to put some cash in your pocket. But be careful: Pawning or buying something from a pawn shop might not make the same financial sense as other options for getting that item you need or want.
Local pawn stores are places where you can sell or get a loan on jewelry, firearms and electronics that your local bank might not take as collateral. You also can get used furniture at a fraction of what you’d pay at an antique store. And a growing trend is car pawning, where a customer can pawn their vehicle’s ownership or title documents as security for a cash loan.
Pawn Shop Jewelry: How to Spot Quality Pieces for Less
If you’re looking to buy, be sure to research the items you’re interested in. It’s just as easy to overpay at a pawn shop as it is at a retail store, so know the item’s value before agreeing to a price. And if you’re selling, keep in mind that a pawnbroker is only going to pay you somewhere below that item’s true market value so they can turn a profit on it.
If you’re looking to sell a watch in New York City, look no further than East Village Buyers. This renowned pawnshop offers excellent prices, friendly service and a fast transaction process.