Have you ever needed cash quickly but couldn’t get it on time? Try pawning for cash next time. With over 9,200 pawn shops in the United States alone, pawning is a common way to get cash quickly for many Americans because it’s easy.
If you’re interested in pawning your stuff, common questions include “what do pawn shops accept?” and “what can I sell for $100 to get quick cash?” In this article, we’ll answer your questions and give tips on how to get the most money on your items at pawn shops.
What can I pawn to get quick cash?
The short answer is: Pretty much everything. You can pawn vintage magazines, newspapers, engine parts and used furniture. Also, you can sell electronics, jewelry and stamps. Today, there’s a market for almost everything.
Although many people believe that pawn shops have declined, approximately 30 million Americans still use pawnshops each year. Nowadays, even online pawn shops get free appraisals within minutes without leaving your home. Online pawnshops even have hours of operation.
Is there a Pawnshop in your area?
A pawnshop allows customers to borrow cash against the purchase price of their item. The loan can be repaid with interest, or the item can be forfeited if the borrower cannot repay it. Customers can also find deals on new or used items by using pawnshops.
In reality, pawn shops are not as shady as some people see them. Pawnbrokers have to adhere to all applicable government regulations to other financial institutions like the Patriot Act or the Truth-in-Lending Act.
If you’re looking for a short-term, secured loan that you can get at your bank, credit union or other financial institution, then pawnshops may be the right option.
How do you distinguish between selling and panning?
Pawning and selling are two methods of getting rid of possessions you no longer want or need. Each method has its advantages and disadvantages. Before you decide on one, it is important to weigh your options.
Pawning an item means borrowing money against it. The pawnbroker will give you a loan amount based on the item’s value, and you’ll have a set time to pay that back, plus interest.
If you cannot repay the loan within the specified time, the Pawnbroker can either sell the item or transfer the proceeds to another person to cover their losses. It’s quick and simple to pawn something. You don’t need to haggle with buyers on eBay or Craigslist to make your items sell.
If you are able to repay the pawnshop mortgage in full, your items can be returned without any hassle.
Selling
You can also sell items at a pawn shop by simply bringing them in and asking for a cash offer. The pawnbroker will negotiate the amount they’ll pay you for your items. You get cash, and the pawnbroker gets your item with no further obligations after you leave.
Should We Pawn Or Sell?
Selling is the best solution if the stuff is no longer needed. If you are able to sell the item and still want it to be yours, then you should consider pawning it.
Q: What can I Pawn to Get Quick Cash?
In exchange for a collateral loan, pawnshops generally accept any valuable item. Pawnshops may be interested in acquiring good-resale items.
Here are some things that you can pawn quickly for cash:
- Jewelry and Precious Metals – It’s easy to pawn up to $1000 or more.
- Rare Collectibles , Art Pieces, Coins and Musical Instruments . Used, high-quality musical instruments can be purchased in the $50-$500 range. The rare collectibles that are more valuable and of exceptional rarity may go up to $500 or even higher depending on the value and condition.
- Electronics and Smart Devices: They will purchase both new and gently used electronics. Gaming laptops can be pawned up to $5000, vintage tech up to $1,000, and AirPods are available for $50.
- Designer Pieces – A designer purse, handbag, sneakers, or watch can easily be pawned for upwards of $1000. Many places will even allow you to resize your watch for no charge.
- Firearms – Must be registered under your name. You can pawn for up $1000 if you are in good shape.
- Tools and Equipment – You can buy used equipment for your garden, kitchen or construction starting at $50. The highest-end equipment goes up to $500 and includes name-brand air compressors and nail guns, power saws and sanders.
- Vehicles: A used vehicle or pickup truck registered under your name may be pawned up for well above $1000
What do Pawn Shops Pay the Most For?
Pawnshops typically pay the most for jewelry, such as gold and jewels, coins, timepieces or vintage sneakers. Each shop has the right to purchase high-end items such as cars, jewelry, and real estate.
Most Popular Things to Sell at Pawn Shops
The amount of the loan you get from a Pawnshop will vary depending on the location, popularity and condition of the item. You can get the best deal by visiting several local Pawn Shops.
Here’s a list of the best things to sell at your local pawnshops:
What can I pawn for $50?
Here’s a list with the best items you can pawn for just $50
- Designer accessories such as belts and brand-name sunglasses like Ray-Ban. Oakley. Maui Jim.
- Tech devices such as laptops that have been used with a charger, AirPods and Cricut Maker
- Vinyl records from the past or mint condition collection DVDs and Blu-Rays
- Kitchen appliances, such as KitchenAid stand mixers.
- High quality musical instruments such as guitars
- Garden tools, such as lawnmowers or leaf blowers
- Large kayak
- Carpet cleaner
- Gift cards to cash
You’ll likely get more money if the item is clean and in excellent condition.
What can I pawn for $100?
Here’s a list with the best items you can pawn for just $100
- Jewelry with precious metals, gemstones, and scrap metal from old jewelry
- Gadgets/devices including smart appliances/devices, flat-screen TVs, hoverboards (BOSE speakers), tablets, smartwatches as well as GoPro cameras and game consoles like PS4, Xbox and digital cameras
- Old fridges for cash or YETI coolers
- Washers, dryers
- Equipment and tools for rental from brands such as Snap-On and DeWalt
- Air conditioning units
- For camping and backpacking, a portable movie projector is ideal
- Registered firearm in your own name
- Fitness workout equipment like a recumbent bike, elliptical, and curved treadmills for sprinting
- Good tread on used tires
- Mattress
A bigger 4k TV or an Apple Watch could get you more money. In addition, most mattresses retail for $200-$1,500. You can expect to be paid between 20-30% for a mattress that is in good condition. This means you could potentially make more than $100.
What can I Pawn to Get $200?
You can usually pawn high-end equipment for $200. If your sports equipment is collecting dust in your basement and in good shape, you could sell them to get quick cash.
Here’s a list with the top items you can pawn to get $200
- Golf clubs
- Snowboards
- Surfboards
- Mountain bikes and beach cruisers
You can also pawn popular gadgets such as the Nintendo Switch for $200 or more.
How Can I Pawn for $300
For older gadgets and tech devices in good condition, you can be paid a lot of money.
Here are some of the most valuable things that you can pawn to get $300
- Late-model Apple devices like iPads
- Smartphones in pristine condition
- Good quality late-model laptops
- Jewellery made with precious metals such as Chopard and Rolex
A brand new unlocked iPhone without a contract can be purchased for $300 or more.
What Can I Pawn for $500?
Pawning collectibles in mint condition can quickly get paid a lot of cash.
Here are the top five things you can pawn to get $500
- Rare media such video games and old comics
- Rare game collections like Yu-Gi-Oh! Pokemon cards and rare game collections such as Yu-GiOh!
- Vintage technology such as an old or unopened iPhone
- Sportscards
- Vintage Advertisements
- Original edition board games and toys
For designer jewelry and other items, pawnshops can also offer $500-plus. The price range depends on the precious metals used, condition, brand, and overall value. A pawnshop can give you quick cash if you sell Tiffany jewelry. For $500, you can get common items like rings, jewelry, timepieces with high-end diamonds, and bulk scrap gold.
Can I Pawn $1000?
Because the loan is less than the collateral value, it’s not easy to find the best products to sell at the pawnshops.
Here’s a list with the best items you can pawn starting at $1,000
- Current tech products such as a MacBook, gaming laptops, large-screen 4K TV
- A pawnable option for large and high-quality diamond rings. This depends on the current market price of the metal.
- High-end jewelry such as diamond necklaces, bracelets, brooches (not moissanite engagement rings or costume jewelry).
- For thousands of dollars, you can pawn expensive watches such as Panerais, Chopard, and Rolex.
- High-quality and in-demand firearms registered in your name.
- Vehicle registration for an older car, motorcycle, truck, or other vehicle with title and VIN checked in your name
High Demand Pawn Items to Quickly Cash Summary
Many items we don’t use anymore are worth something, and pawnshops offer quick cash for them. There are many reasons Americans sell items to local, pawnshops.
Don’t hesitate to take the time and search your house, attic and garage for items you don’t need often. Take them to your nearest pawnshop today.
See our guide to find the best consignment shops and apps near you.