Pawn Shop Open 24 Hours 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.

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.

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.

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.

Across the board, jewelry (authentic, real jewelry - not costume jewelry) generally yields the most amount of cash. This is because jewelry is made from precious metals, such as gold and platinum, and often incorporates diamonds and other precious gemstones. Jewelry also tends to hold its value over long periods.

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.

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.

How do pawn shops figure prices? ›

Pawn shops use factors like market value, resale value, current supply and demand of their local market, profit margin, and condition of the item to determine value. Pawn shops are businesses that loan money to customers when they bring valuable items used as collateral; they also buy things outright.

Unlike pawn shops, buy-sell-trade stores are places for patrons to sell their items in exchange for cash or store credit. These stores operate on a more traditional model, profiting through the repurchase and sale of products for an agreed-upon price, as opposed to accepting items as collateral for a loan.

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.

Chess Piece Values

It should come as no surprise that the piece values are directly tied to a piece's strength. A pawn is worth one point, a knight or bishop is worth three points, a rook is worth five points and a queen is worth nine points. The king is the only piece that doesn't have a point value.

If you just have one pawn, the key squares are two ranks ahead of your own pawn. The white king must reach the key squares to win. The reason these are key squares is because you will be able to take the opposition, or force zugzwang, because of the spare tempo.

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.

We sell them as fast as we get them. We want your PS4 and we will make you a more than fair offer for it. Used PS4 consoles sell from between $180 to $250 depending on its condition and model, and we are paying around $110 to $150 if you choose to bring your console to us!

Playstation 5 consoles, even used, are in hot demand. Someone can easily sell their used Playstation 5 on ebay for way ABOVE the $500 msrp. Trading a Playstation 5 to a pawn shop, they might only get about $220 at most since the Pawn shop needs to flip that Playstation 5 and sell it for the $489 they are asking.