Pawn Shop Moline Il (2024)

FAQs

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

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.

What's the most a pawn shop will loan? Pawnbrokers typically lend 25% – 60% of your item's resale value, so your loan amount will vary based on an item's assessed value. The average amount for a pawn shop loan is typically $150.

Most pawn shops do negotiate for sales – but don't expect to get more than 60% of the value of your item. Remember – their end goal is to resell your item for a profit. They don't care about the sentimental value or history, or even the unique details that add value.

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.

DON'T: Do not point out flaws in an item you want to purchase. This is just rude to the pawnbroker who spends their time assessing the value of the item and has years of experience doing it. Do you think you're better at pricing secondhand items than them? Perhaps not.

Value. If you decide to pawn an item, you'll likely receive less cash than what it's worth. Selling, however, typically means you'll receive a higher amount of money. Keep in mind, though, that even if you receive less cash to pawn an item, you'll be given that item back as soon as you repay the loan.

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.

With a $16 Million net worth, Rick Harrison is the richest member of Pawn Stars. Does Rick still own Pawn Stars? Yes. Rick owns television and royalty rights to the Pawn Stars.

What sales best to a Pawn Shop? ›

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.

The item was a cigar box that once sat on President John Kennedy's desk in the Oval Office. It even included some unsmoked cigars. Considering another of JFK's cigar boxes sold for over $500k back in the 90s, Rick was onto a winner when he haggled this one off the gentleman for $60k.