Shop & Sell Items at Pawn America Pawn Shops Near You (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.

They are essentially personal loan providers that make money by providing personal loans (with interest) or by reselling items. If you wish to take out a short-term personal loan, you have to provide an item of equal value to use as collateral. The pawnshop can sell that item if you fail to pay back the loan.

No problem! We don't mind at all. Selling your unused items is easier than ever so stop in to one of our locations or visit us online at PawnAmerica.com to sell your items today.

According to the search results, pawn shops generally offer loans ranging from 25% to 60% of an item's resale value [1]. So, if you were to pawn a $1000 item, you might receive a loan amount between $250 and $600.

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.

Listen more than you speak

Unless they ask directly, your pawnbroker does not need (or want) to know where you found your item, how long you've had it, or how much you originally paid for it. In fact, disclosing too much information like this may only hurt you.

The amount of money you can get from a pawn shop loan is based on the item's resale value, also called an open market valuation (OMV). This amount is typically much lower than the item's inherent value, so your loan will only be a percentage of the item's worth.

A pawn loan is less of a risk for the pawnbroker, because they aren't as concerned about reselling the piece. If you have a valuable you don't mind parting with and you don't want to have to worry about paying back a loan, then it may be easier for you to just sell. You will have the extra cash you need on the spot.

Unlike other gold and jewelry stores, Pawn America will pay you cash on the spot; you do not have to wait until they mail your check weeks or even months later. Pawning your jewelry: Need a short term cash loan? Bring in your jewelry. Get CASH.

What item do Americans pawn the most? ›

For example, guns are pawned at a disproportionately high rate in many southern and western states while in Colorado and Florida, people are more likely to pawn vehicles. Broadly speaking, electronics are the item most commonly pawned in the U.S. and they account for 30 percent of all requests on PawnGuru.

Don't expect to get the full value. Pawn shops are in the business to make money, so you will never get the resale value of your items at a pawn shop. Typically you can expect to get somewhere between 30 and 60 percent of the value of your items. Consider selling your items online instead.

How Pawn Shops Work. 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.

Pawning or selling is a personal choice. It boils down to two options: wanting to get items back or not wanting them back. If customers want their items back, then pawning is the best option. But if they want to get rid of their items, selling is the better choice.

Pawn shops that buy TVs will also pay more for a bigger screen. If your TV's screen is less than 26 inches, you'd be lucky to get over $50 for it. If your screen is greater than 42 inches, though, a pawnbroker like GEM might offer you over $200, provided the TV is one of the brands mentioned above.

You can expect to get anywhere from $250 to $400 for pawning a PS5, depending on its condition and the pawn shop.