Every time a pawnbroker loans on an item, they know that someday it may be on their shelf for sale. For this reason, they will only deal with good quality merchandise, which means if you are shopping at a pawnshop, you don’t have to worry about getting an item that is poor quality.
Not surprisingly, pawn shops are among a fairly small group of industries that didn't take a hit during the recent Great Recession. In fact, the value of the average pawned item increased by 25 percent from 2008 to 2009, as the recession deepened.
If you usually equate pawn shops with garage sales, you might want to look again. Unlike garage sale offerings, we ensure that the items we buy or accept as collateral are in good condition and still work.
One of the many stories in pawnbroking folklore about the three gold balls pawnbroker symbol refers to St. Nicholas. He is reported to have left three bags of gold so that the daughters of a poor man could afford to marry.
Did you know that the consumers' average pawn loan jumped to $150 in 2011 from $80 in 2008? This is according to the National Pawnbrokers Association 2010 survey. In fact, since the recession began in 2008, more people are using cash for gold transactions, which increased by 35%.
Would you like to update the contents of your jewelry box for an affordable price? Bring in your old jewelry, and find out what types of discounts you can receive on gently used silver, gold and even platinum jewelry sets.
Pawn shops were so essential to society in the 19th century that there was one item in pawn for every woman, man and child living in New York City in the year 1828 alone. Without them, people wouldn't have been able to buy basic necessities between paydays, like food and rent.
Most pawn shops buy and sell a wide array of objects ranging from high tech devices to bikes, but some do specialize. They may concentrate exclusively on cars or motorized vehicles, or focus on gold coins, jewelry and similar items.
Electronics, musical instruments, antiques, jewelry, rare items, and unique pieces of clothing are some of the most commonly pawned items today, and they have always been pawned throughout history.
Selling or pawning an item at a pawn shop can be a great source for extra cash, but there are extra steps to take if you want to earn top dollar. Before bringing your items in for pawn, give them a quick clean to ensure a good offer.
Pawnshops allow you to get the most for your dollar. You are able to get vast savings on outstanding merchandise. The pawnshop is the place to go if you are interested in saving money and finding great values.
If you decide to bring in an item to be sold or pawned, please don’t be offended if we ask you if the item is stolen. Pawnbrokers are legally obligated to ensure that the property you’re selling or pawning isn’t stolen. This is to help insure a better experience in the pawn shop for you and our other customers.
Do you realize white gold isn't really white? The gold itself is pale yellow in color. The lighter coloration you see on finished white gold items is achieved by plating the gold with rhodium, a metal found in platinum ore.
When you’re seeking a fast, low-hassle loan, pawn shops are your best option. Items of value receive top dollar, loan rates are reasonable and the terms are fair, so you get the cash you need without headaches and delays.
Musical instruments are an excellent item to bring to a pawnshop for collateral on a loan or to sell. Most pawnbrokers will accept most musical instruments, including guitars, drums sets, violins, and DJ equipment.
Unfortunately, diamonds usually have huge markups when you buy them from a jewelry retailer. If you’re in the market for a diamond engagement ring, it’s often more affordable to pick one up from us, even you decide to have the stone placed in a new setting.
Are you searching for a unique present for that hard-to-shop-for loved one? You may find that perfect “something” here from our selection of gently used jewelry pieces, collectibles and antiques – and for an affordable price too.
You will most likely find that it is very fun to shop in a pawnshop. Nowhere else can you find the value and variety offered on the shelves of a pawnshop. You would have to visit dozens of different retail stores to find all the different types of merchandise found in a single pawnshop.
Bring backup information. If you have a high-ticket item to sell, bring information to back up your claims, like an appraisal, a receipt, or other provenance to show value.
It’s important to remember that the average pawn broker is in the business of making loans. Since not all of our borrowers are able to reclaim the items they put up as collateral, you may be able to find a true bargain on the items left behind.
The Sublime song “Pawn Shop” is a cover of “War Deh Round A John Shop,” by The Wailing Souls with modified lyrics. The roots reggae band straight out of Jamaica wrote the song in 1984; Sublime's lead singer Brad Nowell was known for pawning his guitar, then having his producer buy it back before shows.
Pawn shops are a great place to find affordable gold jewelry. For everyday wear, consider items made with 10k gold. Gold is a relatively soft metal, so it’s mixed with other metals to make it stronger, more scratch resistant, and more durable.
Did you know that pawning—selling and buying at pawn shops—is listed as the oldest financial occupation? Pawning originated in China and dates back to 1000 BC. In recent years, pawn shops have represented the number-one source of credit in the United States in the 1950s.
One of the great things about pawning an item is the fact that it doesn’t affect your credit. When you miss a payment on a pawn, rather than taking a hit to your credit score, the item you pawned will be put up for sale.