According to the National Pawnbrokers Association, there are over 10,000 pawn shops in America. That means that more people are selling their used jewelry, furniture, and musical instruments to pawnbrokers than ever before.
Why have pawn shops become so popular? Because they’re a great way to make extra money on the side. Here’s how to sell items at a pawn shop and which items are valuable.
What is a Pawn Shop?
You might be wondering: how do pawn shops work?
Basically, a pawn store can give people temporary loans in exchange for a nice object. After you pay back your loan from the pawn shop, you can collect your item again.
It gets better: you can actually sell your item to the pawnbroker if you don’t want it anymore. Alternatively, you can sell your item to a pawn shop without applying for a loan as well.
However, it’s important to know a few things before you sell to pawn shop owners. First of all, pawnbrokers can appraise your item’s value right away, telling you what it’s worth. This is part of the unique pawn shop economy.
Even though some items are worth more than others, you can easily turn your unwanted belonging into cash at the pawn shop.
But how do you know what to sell?
What to Sell
Wondering what to sell to pawn shop owners? Here are a few of the most popular objects to sell to pawnbrokers:
- Expensive jewelry
- Digital tablets
- Tools in good condition
Did you know that expensive jewelry is the most valuable item to sell to a pawnbroker? That’s because precious metals like silver and gold are worth a ton of money to pawn shop owners.
As if that wasn’t enough, the value of jewelry increases as time passes. That means that you can get as much as $1,000 from a single sale of fine jewelry to a pawn shop.
That’s not all. Digital tablets can also fetch a pretty penny from pawnbrokers. Since so many people have multiple devices, it’s super easy to get rid of one that you don’t need.
Pro tip? You can make more money from selling lightly used Apple products. In fact, you can get up to $300 for selling an iPad Mini to the pawn shop. Bonus points for bringing the right manual, package, charger, and cable.
Do you have spare power tools in your garage? Instead of letting them gather dust at your house, you can flip them for cash to a pawnbroker. Surprisingly, you can make anywhere between $50 to $100 for each power tool.
Some of the most common tools that are sold to pawn shops include:
- Bosch
- DeWalt
- Milwaukee
How do you get the most bang for your buck? All you have to do is make sure that your power tools are in good, working condition. Just clean and degrease them before you get to the pawnbroker.
Other Popular Pawn Shop Objects
What are some other objects are in demand at pawn shops?
Other saleable pawn shop objects include:
- Precious gems
- Guns and pistols
- Rare coins
This is crazy: precious gems like diamonds are very sought-after by pawn shops. That’s because Medium’s “Pawned” column reveals that there’s such a huge demand for them.
If you sell diamond jewelry to a pawn shop in flawless condition, then you can expect to receive at least $1,000.
Looking to downsize your collection of guns and pistols? Then, you’ve come to the right place. That’s because guns have a really high resale value to pawnbrokers.
According to the website PawnGuru, you can expect to net around $300 for every gun that you sell to a pawn shop. Of course, you have to bring the proper paperwork and make sure that the gun is unloaded first.
Are you a rare coin collector? If so, then you’ll probably want to take your collection to a pawnbroker for appraisal. That’s because there are several coins that are treasured by pawnbrokers, including:
- U.S. coins
- Vintage silver dollars
- American Eagles
- Proof sets in mint condition
- Certificates made of silver
- Federal reserve notes
- Special paper money
For instance, a stack of dimes and quarters that were minted in 1964 could get you around $180 at the pawnshop. Why? USA Pawn says that quarters that are made before 1965 are almost 100% silver.
Still curious about pawnbrokers? Read this article to see how pawn shops work.
Pawn Shops = Extra Cash
Have you ever sold to a pawn shop before? If so, then you’ll know that it’s one of the best ways to make money quickly. Not only do they accept loans in exchange for valuables, but they also pay you outright for selling them.
Plus, you can clear out your storage and get some extra cash in the process. Some of the best items to sell are expensive jewelry, digital tablets, and tools in good condition.
Other popular items that are sold at pawn shops include precious gems, guns and pistols, and rare coins. Also, selling sporting goods, smartphones, laptops, and antiques will help you to earn quick cash.
Not to mention watches, video game consoles, and electronic items. From musical instruments to cars, you can sell just about anything that’s valuable to the right pawn shop.
Once you find the perfect items to sell, it’s time to get them appraised at the pawn shop. The rest is between you and the pawnbroker!
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