Pawn Shops buy ALMOST anything of Value
Yes, it is true MOST pawn shops will take ALMOST anything of value. If there is a market for an item, then you can bet your nearest pawn shop will be interested in buying it!
Pawn shops are a resale shop. They need inventory to satisfy their customer’s needs. If they have a customer for a specific item, or their clientele are more apt to purchase certain goods, then a pawnbroker will certainly be willing to buy these items from you.
It is simply a matter of supply and demand.
What exactly your local pawn shop will take depends on a number of factors.
Location, Location, Location
What a pawn shop buys depends solely on their customer base. A pawn shop in a posh Beverly Hills location would most likely not be interested in a pair of electricians pliers. On the contrary, they would more than likely be a buyer of a high-end Swiss timepiece.
This is because the pawnbroker knows he has customers looking for the specific high-end timepieces. This same pawnbroker knows that the electrician’s pliers may be top of the line, but he does not have many customers that would need or want the pliers. So he would not want to tie up his money in the pliers.
If the situation was reversed and a pawn shop located in a blue-collar working area of downtown Los Angeles, would not want to invest a lot of money into the high-end watch, knowing his customers would not have the money or the need for the luxury timepiece. On the other hand, he might already have a half dozen or so customers in need of the specialty electrician’s pliers.
The Most Commonly Pawned Items
Most pawn shops take similar items. How much they pay will depend on the supply and demand in their area.
Jewelry, Firearms, Home Electronics, Tools, & Musical Instruments are probably the most commonly purchased items by a pawn shop.
These items are the most commonly pawned items across the United States.
Chain Store vs Mom & Pop Shop
Another factor to consider is the type of pawn shop.
Your nearest pawn shop might be a nationwide chain. These chain stores typically only accept the most common items mentioned above. The chain stores may not have a specialist on hand to determine the authenticity of a Super Bowl Ring or have the storage space needed to house a landscape trailer.
If you simply have a garage full of unused tools, the chain stores might be your best bet. On the other hand, if you have a rare piece of history or art, a small mom & pop pawn shop in the right area will likely work out best for you.
Price and Value
Now that you have found a pawn shop interested in your items, you will have to agree upon a price. A pawn shop is a business. They are looking to make a profit on the items they resale.
You cannot expect for a pawn shop to pay you the same or more than what they would be able to sell the item for. This would not make business sense.
The pawn shop will offer you less than what they could sell the item for. This difference is the amount of profit the pawn shop would make on the item.
The best of both worlds
Since Plano Pawn Shop has been around for over 40 years now, we have the knowledge and know how to accept the out of the ordinary items like Super Bowl Rings, rare art, antiques and the like.
We also accept the most common of items and offer top dollar on items like jewelry and firearms.