Why Do Pawn Shop Prices Vary So Much?
It really all has to do with overall experience and item knowledge. Say, for instance, you have a antique diamond ring that was passed down to you from generations passed, very valuable in both price and sentiment. Now imagine you walk into a pawn shop that’s filled with the usual assortment of electronics and collectibles, and big glass cases filled with every sort of gun you can imagine, but their jewelry selection is very limited. If you try to sell or pawn the ring there, you likely won’t get the best, or in some cases even a fair, offer compared to another pawn shop that specializes in gold and jewelry sales.
What Items Are Most & Least Likely To Be Affected By Price Disparities?
In a comprehensive study using 38,000 sample transactions across a well-known pawning platform, the discrepancies between specific items’ offers were unmistakable. All around, some of the safest items to pawn, meaning things that will almost always be valued the same from pawn shop to pawn shop, ended up being popular brand name electronics. Apple products, gaming consoles, GoPros, tablets, and stereos will typically all have the same value no matter where you go because the market values of such items are widely known. It’s when items that require a little more expertise pop up that prices really start to vary. Laptops, watches, jewelry, computer monitors, rare sports memorabilia, musical instruments, and designer handbags, can often face price disproportions of anywhere from 100% – 275% depending on what pawn shops you visit – which is precisely why making sure you always do your research and choose pawnbrokers who are vastly knowledgeable in a variety of products and brands is so important if you always want to get the best value!
Choose Traders Loan and Jewelry!
As the recognized oldest pawn shop in the San Fernando Valley, with more than 60 long years of experience collecting some of the rarest and finest quality items you’ll find throughout the city, we know we have the expansive expertise to always offer you the fairest deal on whatever items you wish to part with. We already have an incredible inventory of quality handbags, designer watches, brand new and vintage gems and jewelry, firearms, and more, and we’re always looking for exceptional new items to add to our collection. So please, stop by anytime; we’d be thrilled to make sure you get exactly what you need! To get your pawning adventure started, come visit us today at 18505 Sherman Way Reseda, CA 91335, call 818.345.8696 , or simply fill out the form on our contact page if you have any questions.