Pawn shops are a great place to find unbeatable deals on many items. Not only can you find deals at a local pawn shop, but these establishments can also help you get extra cash by allowing you to pawn your items there. According to Nolo, a pawnbroker typically lends you about 20% to 60% of the item's resale value. Let’s take a look at some items that are often for sale in pawn shops.

Jewelry

Jewelry is a frequently pawned item as it can be pawned quickly for cash. This is great for jewelry collectors because that means you can visit a local pawn shop and find unique pieces for great prices. It also means that if you have a good jewelry collection, you can easily pawn items if you’re in need of cash. It’s a good idea to know a bit about the pieces you’re considering to ensure that you’re getting a good deal and high-quality jewelry.

Gold Coins

Another great item to search for at pawn shops is gold coins. Gold coins are a lot of fun and can also be a valuable investment. Many pawn shops have a variety of coins for you to browse.

Luxury Watches

Closely related to jewelry is luxury watches. Name-brand watches can be quite pricey when purchased brand-new. However, when you shop at pawn shops, you can get used pieces that are still in great shape.

Good Reputation

There are a few things you should consider before you sell to or buy from a pawn shop. The first thing to consider is going to be the quality of the establishment. Just like any other retailer, you’ll want to make sure you’re dealing with a reputable place. You can ask others in your community who frequent pawn shops to get their opinion of which shops have good customer service, fair prices, and transparent pawning policies.

You’ll also want to do a little research on fair pawn pricing if you’re looking for particular items. If you already have an idea of what some fair prices are, you’ll be better prepared to compare the prices you see for items and negotiate using hard facts. This is important before you even visit a shop!

These are just a few things to look for at a local pawn shop. If you’re looking for a great shop to start your pawning experience, please contact Alpha Pawn & Jewelry today.