What Do Pawn Shops Buy

 

In case you are wondering what kind of things a pawn shop buys, they generally purchase any item they know can resell for a value.  

Gold

Any and every reputable pawn shop anywhere in the world will purchase your gold items from you. Gold is a universal precious metal that carries value anywhere you go. The important thing to keep in mind is what basis your gold item is going to be valued. Most pawn shops value gold based on the daily melt value of the items you bring. The carat purity of the gold is also another important factor. When you call a pawn shop for a quote on your gold item, you want to tell them how much weight in grams you have, and what carat metal you are dealing with. This way they can give you the most accurate offer possible for selling your gold.

Silver

Along with gold – silver is one of the most lucrative precious metals for pawn shops. While the average price for weight is not at the same level as gold – silver prices are constantly fluctuating in the positive, making them an extremely valuable buy for a pawn shop. If you have to sell your silver – like gold, you’ll want to make sure you let the pawn shop know the weight in grams of the silver along with the purity of the silver itself.

Jewelry

A very popular example of such an item is jewelry. Jewelry represents a huge moneymaker for pawnshops. Individuals may pawn a precious jewelry piece for a temporary loan or lump sum of money and the pawn shop can easily sell your jewelry pieces at a very fair cost (if the loan expires). Compared to silver jewelry, gold jewelry is considerably worth a lot more.

Power Tools

In addition, pawn shops also purchase power tools from customers like circular saws and power drills that are in an overall fine condition. Famous brands of such tools include DeWalt, Bosch, and Milwaukee.

Computer Equipment & Electronics

You can pawn computer equipment and printers as well but it is imperative that they must be trending in the market and 100 percent current. A number of pawn shops will also accept consoles of video games (like Wii, PlayStation, and Xbox consoles) if they are functioning fine.

Luxury Watches

Most of pawn shops will have a huge interest in watches that have proof of legitimacy and are very valuable. Rolex, Patek Philippe, Audemars Piguet, JLC, IWC, Hublot, Cartier, Piaget, and Breitling are famous watch brand names that pawn shops will usually buy.

Collectibles

Pawn shops will also purchase collectible currency and coins like half dollars, silver dollars, paper money (rare), American eagles, and much more.

Luxury Handbags

Pawn shops love luxury handbags. These items resale with great intrinsic value. Brands like Louis Vuitton, Gucci, Chanel, Prada, and Dooney & Bourke all carry great resale value to retail customers.

This is not an exhaustive list of all the things a Pawn Shop would purchase from you. Every pawn shop is different, and it’s important to find out if your local pawn shop purchases the types of items you have available for sale. Always make sure to do your research and find out if your local pawn shop is reputable and has a good standing with the local community. Sometimes the closest pawn shop is not always the best pawn shop.