Large Pawn Shops Near Me (2024)

FAQs

What's the most a pawn shop will pay? ›

Most pawn shops offer loan amounts of 25% to 60% of your collateral's value. Be aware that pawn shops have high APRs that can make them one of the most expensive options to borrow money. Pawn shops do not require credit checks.

If you want to get the most amount of cash, focus on jewelry with gold, diamonds, or platinum.

Don't Be Afraid to Haggle

Haggling is a common practice when it comes to pawn shops, so don't be afraid to negotiate. Start by making an offer that's slightly higher than what you're willing to accept, and be prepared to meet somewhere in the middle.

In general, you can expect to receive about half of your item's market value in your loan. However, this depends on the item. Items that are regularly pawned, yet don't have a lot of buyers will lower the offer price. In those cases, you will receive less than 50% of the market value.

If you decide to pawn an item, you'll likely receive less cash than what it's worth. Selling, however, typically means you'll receive a higher amount of money. Keep in mind, though, that even if you receive less cash to pawn an item, you'll be given that item back as soon as you repay the loan.

Shops know they can sell tools faster (and for more money) when they are trusted brands. Bosch, DeWalt, Milwaukee, Stihl, and Snap-On will earn you the most. Usually, pawn shops will pay anywhere from $30-$200 for working tools, but you can expect that price to increase if you have any of these top performing brands.

Another benefit of selling something to a pawn shop instead of getting a pawn loan is that you typically receive more money for the item. The pawn shop will determine the value and make you a slightly lower offer. After all, it still needs to sell it to make a profit.

With a $16 Million net worth, Rick Harrison is the richest member of Pawn Stars. Does Rick still own Pawn Stars? Yes. Rick owns television and royalty rights to the Pawn Stars.

Where do Pawn Stars sell their items? ›

Welcome to the eBay Store of the World Famous Gold & Silver Pawn Shop official home of the hit show "Pawn Stars." Here you'll find Rare Art, Electric Guitars, Jewelry, Tools, Electronics, Comic Books, Collectibles and OFFICIAL Gold & Silver Pawn Shop T-Shirts, Bobbleheads and Merchandise.

Our Locations. FirstCash is the leading international operator of pawn stores with mote than 3,000 retail pawn and consumer lending locations in 29 U.S. states and the District of Columbia and in Latin America, which includes all the states in Mexico and the countries of Guatemala, Colombia and El Salvador.

Pawn shops always buy precious metals like gold and silver, and most of them also buy jewlery and watches. Generally, anything that sells very quickly and is popular with collectors is something a pawn shop should buy from you.

At a pawn shop, you leave your property and, in return, the pawnbroker typically lends you approximately 25% to 60% of the item's resale value. The most commonly pawned items are jewelry, electronic and photography equipment, musical instruments, and firearms. The average amount of a pawn shop loan is about $75–$100.

Offering low-ball prices helps sellers get quick cash and the pawn shop large profits. Because the loans and purchase prices offered by pawn shops are usually small, pawnbroker businesses require a low amount of start-up financing from entrepreneurs.

At a pawn shop, you leave your property and, in return, the pawnbroker typically lends you approximately 25% to 60% of the item's resale value. The most commonly pawned items are jewelry, electronic and photography equipment, musical instruments, and firearms. The average amount of a pawn shop loan is about $75–$100.

It depends on your situation. If you want your item back, and can afford to pay back the interest, pawning may be a good option for you. But if you need cash in a hurry, and want the highest offer, selling is the way to go. If you're considering selling to a pawn shop, we caution you.

If the item isn't important to you, it may be worth the risk. But, if you value your asset and aren't positive you can repay a loan, you may want to look elsewhere. You're unbanked: When you don't have access to a bank account, getting funding through traditional channels can be much more difficult.

Earning interest on loans and profits on retail sales are the principal income sources for the standard business model for a pawnshop. Pawnshopsg typically aim to generate overall net profit margins of at least 15% to 25%.