Top 10 Best Items to Pawn for the Most Money NOW! (2024)

We’ve all been there. You need cash. You need it fast. What do you do? Where do you go? What can you sell for quick money?

Don’t fret. It’s easy to get an instant cash loan as long as you have a few valuables and the address of the nearest pawn shop. Not sure where to start? Here are a few simple steps.

Step #1: Find things of value around the house.
Step #2: Make sure they’re in good condition.
Step #3: Bring them to GEM Pawnbrokers.
Step #4: Walk away with quick money!

Still not sure what things to pawn for quick money? Take a look at this handy list:

The 10 Best Items to Pawn

1. Jewelry

Top 10 Best Items to Pawn for the Most Money NOW! (1)

Who doesn’t love jewelry? Women swoon over a sparkling necklace. Stylish men wear pendants and braided bracelets all the time. That’s great news for pawnbrokers, and also for people who need a fast cash loan.

If there’s one item you can count on a pawn shop to take, it’s fine jewelry. It’s one of those things pawn shops always buy. Gold jewelry, in particular, is the bread and butter of pawnbrokers. Many pawn shops also take silver, diamonds, and other high-end pieces.

At GEM Pawnbrokers, we give loans in exchange for:

• Gold Jewelry
• Silver Jewelry
• Diamond Jewelry

Want to know how it works? Here’s everything you need to know about selling your jewelry at a pawn shop.

2. Smartphones

We live in the age of smartphones. Almost everyone has one. Many of us are glued to our little screens all day long. They keep us in touch with each other and with the world. Perhaps that’s why so many people are looking for great deals on used smartphones—iPhones, Samsung Galaxies, Androids, Blackberries.

If you have an phone that you no longer use, why hold on to it? You can either pawn it or sell it and get instant cash in return. The newer and nicer it is, the more money you’ll get. As long as it’s in decent condition, you’ll probably be able to get something for it!

Here’s how to do it:

1. Make sure it still works. No one wants a dead phone!
2. Collect all accessories. That includes cords, manuals, boxes, covers, etc.
3. Charge the battery. That way, you’ll be able to show the buyer that it still works.
4. Bring it in for sale or pawning. And then walk away with instant cash!

3. Tablets

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Tablets are also high-demand pawn items. From iPads to Kindles, these nifty electronic devices are sure to bring some cash. Have an tablet lying around? No worries. People love to buy units for a lower price. Do you have a newer model? You’ll get even more cash!

Don’t forget the cords, the covers, and the manuals. The more “stuff” you have with your tablet, the better deal you’ll get. As always, condition matters. Make sure your tech product is in good working condition.

4. Computers

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As long as we’re talking about high-end electronics, why not mention computers? That includes laptops and desktops. No longer need your MacBook? Just bought a new PC? Clear some desk and closet space by unloading your one!

Gamer computers also net a high price. If you have one collecting dust in the basem*nt, grab it and bring it in to GEM Pawnbrokers. Just beware: The attendant is going to test the computer before buying it or holding it as collateral for a loan, so make sure it still works before you leave the house.

5. TVs

It’s not just small electronics, either. Pawn shops also take bigger items like televisions. Got an LED screen? How about an LCD TV?

Before you bring it in, make sure that it’s well protected. Wrap it in a furniture pad or some other type of padding. The last thing you want is to crack the screen on the way to the pawn shop!

6. DSLR Cameras

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Expensive cameras are also great pawn items. Although smartphone cameras are getting better, many people still thrill over a good DSLR. Amateur and professional photographers will travel long distances to get their hands on just the right camera.

That means you can get a fair price on any DSLR you have that’s in good condition. Have a film camera? Check with your local shop to see if they’ll take it. There are a lot of people out there who would love to buy a vintage film camera, particularly in a big urban area like New York, where enthusiasts abound.

7. Luxury Watches

Like jewelry, high-end watches are classic pawn items. A brand-name timepiece that’s in sparkling condition will make a pawnbroker happy and put cash in your hands. At GEM Pawnbrokers, we take everything from Breitling and ROLEX to Patek Philippe and Tag Heuer— all the leading names in fine watch manufacturing. Don’t know if your watch will make the cut? Check out a list of the top watches to pawn or drop by one of our many New York locations to get an instant appraisal.

8. Power Tools

Ever do a DIY project? Wonder what to do with the tools when you’re done? It’s easy. Pawn them. People are always looking for great deals on high-quality tools, so you’re in luck if you happen to have some in your shed or garage.

The best tools to pawn are made by the most well-established brands. Think DeWalt, Bosch, and Snap-On. You also have a higher chance of getting cash if the tools are in good condition—if they’re clean, working, and come with all the right parts.

9. Designer Handbags

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If you have designer handbags in your closet, you may be sitting on a gold mine. Women love to walk down the street with the most fashionable bag on their arm. And, more and more, they’re pawning their stylish bags to get their hands on quick cash.

Perhaps you need to pay for a weekend getaway or perhaps you just need some extra cash. Whatever the reason, you can get an instant loan just by bringing in that piece of arm candy. And, when it’s all over, you get it back. The best of all worlds!

Not yet convinced? Don’t know if want to part with your beautiful bag? Here’s why designer handbags are gold for pawning.

10. Gift Cards

Yes, pawn shops buy gift cards as well! Every year, nearly $1 billion (yup, that’s billion) worth of gift cards go unused.1 That’s $1 billion that’s lying around in people’s drawers and in their wallets. Can you imagine passing up free money?

Then why throw those little pieces of plastic in the trash or on your floor? Even if you’re never going to use them, you can still make money off of them. Just grab your unwanted gift cards, search for a “pawn shop near me,” and make off with some quick cash.

It’s Pawn Time!

Are you inspired yet? Ready to pawn? Ready to make some quick cash? Looking for pawn shops near me? Drop by GEM Pawnbrokers now! Have questions? Give us a call at 718-596-5626!

Outside Source

  1. https://www.marketwatch.com/story/1-billion-in-gift-cards-go-unused-every-year-heres-how-to-avoid-that-2016-12-30

The post Top 10 Best Items to Pawn for the Most Money NOW! appeared first on Gem Pawn Brokers.

Top 10 Best Items to Pawn for the Most Money NOW! (2024)

FAQs

What items bring the most money at a pawn shop? ›

If you want to get the most amount of cash, focus on jewelry with gold, diamonds, or platinum. And don't think that jewelry must be in perfect condition. Most pawn shops will take broken pieces as they still have value.

What do pawn shops pay the most for? ›

Pawn stores usually pay the most for jewelry like diamonds and gold, timepieces, coins, vintage sneakers, designer purses, and handbags. However, every pawn shop can buy high-ticket items, including vehicles, real estate, and jewelry.

How much will a pawn shop give you for a $1000 item? ›

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.

What item do Americans pawn the most? ›

Most pawned items in the US – 2020
  • Jewellery. Among all the things that Americans prefer to loan or sell, when they need cash, jewellery tops the list. ...
  • Sports Equipment. Sports equipment comes next on the list of most pawned items. ...
  • Electronics. ...
  • Musical Instruments. ...
  • Power Tools.

What is the most expensive thing to sell in a pawn shop? ›

Gold and Precious Metals

Pawnshop owners are often wary of buying expensive items such as electronics, which may quickly become obsolete. Items you will see frequently are gold and precious metals, especially jewelry. These items tend to appreciate in value, so they are favorites of pawnshop owners.

What gives more money pawning or selling? ›

Another benefit of selling something to a pawn shop instead of getting a pawn loan is that you typically receive more money for the item. The pawn shop will determine the value and make you a slightly lower offer. After all, it still needs to sell it to make a profit.

How to bargain at a pawn shop? ›

Don't Be Afraid to Haggle

Haggling is a common practice when it comes to pawn shops, so don't be afraid to negotiate. Start by making an offer that's slightly higher than what you're willing to accept, and be prepared to meet somewhere in the middle.

How does a pawn shop determine value? ›

When you bring in an item to sell or pawn for a loan, the pawnbroker will already have an idea of its market value or be able to determine its value with a quick check of his resources at hand – an appraiser, or online sites such as eBay, Craigslist, Amazon or UsedPrice.com.

How much is a ps5 worth at pawn shops? ›

Pawn shops might give you less than it's worth, probably between $250-$400. Maybe try selling it online for more. Win official PlayStation gift cards by playing games on Playbite!

What tools are worth the most at pawn shops? ›

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.

What is the most successful pawn shop? ›

Biggest companies in the Pawn Shops industry in the US
CompanyRevenue ($m) 2023Profit Margin (%) 2023
First Cash Corp1,027.29.8
Ezcorp, Inc.766.48.2

What is the most something has sold for on Pawn Stars? ›

1. Maurice Sendak Sketches. Price Deal: $250,000 In the episode "Can't Pawn Me Love" from Season 15, Rick Harrison acquired original Maurice Sendak sketches for Where the Wild Things Are. These unique sketches, never sold as reproductions, were estimated by an art expert to be worth $310,000.

Is it better to pawn or sell? ›

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.

How much of an items value does a pawn shop give you? ›

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.

What is the most something has sold for on pawn Stars? ›

1. Maurice Sendak Sketches. Price Deal: $250,000 In the episode "Can't Pawn Me Love" from Season 15, Rick Harrison acquired original Maurice Sendak sketches for Where the Wild Things Are. These unique sketches, never sold as reproductions, were estimated by an art expert to be worth $310,000.

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