Big Pawn Shops Near Me (2024)

FAQs

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

The loan amount that a pawnbroker offers will be based on the item's assessed resale value, often much lower than its original purchase price. If the item is approved, a lender will typically offer 25% – 60% of the resale value.

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.

DVDs, video games, and cell phones are not great items to pawn because they are so common. Used DVDs and video games are sold cheaply in thrift stores and other resale shops, so pawn shops are unlikely to be interested in them. Cell phones are frequently stolen, and it is usually too risky for a pawn shop to sell them.

Pawn shop's bottom line is to make money. Say that a PS4 pro with 1TB of SDD storage goes for $200. They will likely ask for $50 to $100 at most.

Don't accept the first price offered by the pawn shop. Be prepared to negotiate and ask for a better price. However, be realistic in your expectations and don't be too aggressive; the point of doing your research beforehand is so that you can anticipate what will be considered fair both for you and for the pawn shop.

You can expect to receive anywhere from $50-$300 for your tablet, depending on the brand, model, and quality of your device: 4th Generation iPad – $50-$150.

Richard Kevin Harrison (born March 22, 1965) is an American businessman, reality television personality, and owner of the Gold & Silver Pawn Shop which is featured on the History series Pawn Stars.

What is the best pawn Star sells? ›

DON'T: Do not point out flaws in an item you want to purchase. This is just rude to the pawnbroker who spends their time assessing the value of the item and has years of experience doing it. Do you think you're better at pricing secondhand items than them? Perhaps not.

You are most likely to get the best value for the item you want to exchange at a buy-sell-trade store — rather than accepting a high-rate loan that doesn't match your item in value, you'll receive a fair and honest amount of money or the equivalent value in store credit.

Pawn shops do buy broken items. However, each shop decides which items they'll accept and how much they're willing to pay. Some items, like fine jewelry, still hold significant value with damage. If they can't repair it, pawn shops can resell the precious metal or gemstones.

It depends on the condition and the pawn shop, but generally, you can expect around $300-$500 for a PS5. It's always a good idea to shop around and get a few quotes!

Understand the Pawn Shop's Markup

For example, if the pawn shop marks up the price by 50%, you may want to negotiate to get at least 25% more than the initial offer. This way, you can still get a better price for your jewelry, while the pawn shop can still make a profit.

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%.