Myths About Pawn Shops
What Is Pawnable?
Not all items are of resale or collateral value. Remember...your collateral is your credit, so items you pawn must have resale value in the event you decide to keep the money and leave the item with us.
The following items are great for pawning (good condition, quality brands):
- LCD TVs
- DVD players
- Digital Cameras
- Power Tools
- DVD movies
- Sporting Goods
- Lawn and Garden Equipment
Jewellery and high-end watches such as Rolex and Omega are the most common items pawned and are always accepted regardless of condition.
For larger loans, typical items include:
A quick phone call to any of our locations will let you know if your item could be pawnable.
What's It Worth?
Would you buy anything without seeing it first?
The answer to that is most likely NO. It is impossible to give accurate quotes over the phone and it might be dangerous to trust a shop that does. The best way to accurately price any item is to bring it to one of our locations. One of our highly trained staff will examine what you have and make you an offer. 99% of people who come to our stores leave satisfied that they got the best price for what they have.
As a rule, most pawn stores price their stock at approximately 50% of the retail value depending on condition and demand. When pawning an item, you can expect to get between 10-30% for cash value. High demand items such as newer electronics such as LCD TVs, IPods, high-end guitars, gold and diamonds tend to pay out more. Seasonal items such as golf clubs, snowboards and lawnmowers tent to have a little less value because of the short window of opportunity to sell them.