In order to sell or pawn any items, you must be over the age of 18 and have a valid state-issued identification. If you do not have a state-issued identification card, such as a driver's license, or if your license has expired, a pawn shop will not be able to purchase or pawn your belongings.
How much can you pawn an item for?
Since pawnshops typically offer somewhere between 25% and 60% of an item's resale value, you'll need to pawn an item worth between $835 and $2,000 to get $500.
Is pawning illegal?
While there is nothing illegal about pawning or selling your own used property, caution should be exercised if someone else asks you to pawn property for them.Dec 2, 2013
What items do pawn shops pay most for?
- Things to pawn nearly always pawn jewelry, gold, watches, Rolex, gold coins and silver coins and precious metals.
- Firearms.
- Electronics.
- Computers / laptops.
- Smart phones.
- Sports equipment, including bikes.
- Tools and yard equipment.
- Musical instruments.
What can I pawn to get 500?
- Collectibles.
- Jewelry.
- Firearms.
- Designer Bags.
- Old Video Games & Gaming Systems.
- Electronic Accessories.
- Televisions.
- Laptops.
How do pawn shops determine how much to give you?
How do you determine the value of the item? Pawn shops base the value of the item on current appraised value, its current condition and the ability to sell the item. Pawnbrokers use research tools that they have at their disposal to determine an item's value and get you the most money for the item.
What can I pawn for $50 dollars?
- laptop computers. Laptops are a super simple item to pawn at the pawnshop for $50 or more.
- game consoles. This might be one of our most common items that customers pawn!
- tvs bigger than 32”
- 'slightly' heavy gold jewelry.
- firearms.
- samsung or apple smart watches.
- nice guitars.
You bring in something you own and give it to the pawnbroker as collateral for a loan (this act is called pawning). The pawnbroker loans you money against that collateral. When you repay the loan plus the interest, you get your collateral back. If you don't repay the loan, the pawnbroker keeps the collateral.
What can I pawn for quick money?
- Jewelry.
- Precious metals.
- Watches.
- Firearms (registered to you)
- Electronics.
- Power tools.
- Musical instruments.
- Sporting goods, such as bikes.
How much will a pawn shop give you for a tablet?
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.