How Do Pawn Shops Determine Value?

How Pawn Shops Determine Price by Existing Merchandise.

When you sell items at a pawn shop, they check to see what other goods they offer that are similar to yours.

Then, they consider what the market value is of your item compared to what they already have and see if it makes sense to buy it.

What percentage does a pawn shop give you?

In return, the pawnbroker typically lends you approximately 25% to 60% of the item’s resale value. The average amount of a pawn shop loan is about $75–$100. You’re given a short time, typically a few months, to repay the loan and are charged interest, often at a very high rate.

How do pawn shops determine how much to give you?

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.

How much is my TV worth at a pawn shop?

Pawn Shop TV Prices by Brand (2019)

BrandMinimum OfferMaximum Offer

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What types of things do pawn shops buy?

Best Things to Pawn at a Pawnshop

  • Precious Metals. Jewelry is one of the biggest moneymakers in pawnshops.
  • Tablets. When you already have a computer and a smartphone, your tablet is an easy target for pawnbroker fodder.
  • Power Tools.
  • Gems.
  • Firearms.
  • Collectible Coins and Currency.
  • Sporting Goods.
  • Smartphones.