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Traders Loan & Jewelry

Why Pawn Shop Prices For the Same Items Vary?

September 15, 2020 by Traders Loan and Jewelry

Why Pawn Shop Prices For the Same Items Vary?
We’ve said it many times and we’ll never stop: every pawn shop is unique – and that includes the way things are priced, pawned, and purchased.

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.

Shop Now!

Traders Loan & Jewelry

Traders Loan & Jewelry is the oldest pawn shop in the San Fernando Valley, serving clients for over 65 years with honesty, professionalism, and a friendly attitude. Traders Loan & Jewelry grants loans against collateral, offers onsite appraisals, sells new and pre-owned merchandise, designs and creates custom jewelry, and repairs watches and jewelry. We are a non-recourse lender, and do not report to credit bureaus due to loan defaults. We're known as the peoples bank because loans are based on the item and not the person. Unlike secondhand dealers, Traders Loan & Jewelry allows customers to borrow money against the value of an item, and at Traders Loan & Jewelry, 95% of customers redeem their items.
Traders Loan & Jewelry
Traders Loan & JewelryThursday, December 31st, 2020 at 8:23pm
To our clients, colleagues, and friends:

Have a Happy New Year!

Wishing you a wonderful 2021 from us to you!
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Traders Loan & JewelryWednesday, December 30th, 2020 at 6:23pm
Chanel Boy Flap Crossbody Bag Quilted Lambskin Old Medium

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Traders Loan & Jewelry
Chanel Boy Flap Crossbody Bag Quilted Lambskin Old Medium | eBay
This chic shoulder bag is crafted of diamond quilted lambskin leather with a linear quilted border in black. The bag features a ruthenium chain-link shoulder strap with a leather shoulder pad and a matching Chanel boy CC push lock.
ebay.com
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Traders Loan & JewelryTuesday, December 29th, 2020 at 6:23pm
Cartier Pasha 18K Yellow Gold Chronograph 38mm Watch 0960-1

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Traders Loan & Jewelry
Cartier Pasha 18K Yellow Gold Chronograph 38mm Watch 0960-1 | eBay
The scratch resistant sapphire glass protects the cream dial bearing stud hour markers, a date window and three noticeable sub-dials. A solid case back and a push button clasp make the watch ready to be yours.
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  • Address: 18505 Sherman
    Way Reseda, CA 91335
  • Contact Us
  • Tel: +818-345-8696
  • Twitter: @traderslj
Traders Loan and Jewelry makes loans on your items at an introductory rate of 2% for the first month on selected items.  You have up to 4 months to pay back the loan, and are then welcome to come in and renew your loan for another 4 months.  A typical loan of $300 for your item would incur a 33.31% APR for a total of $333.13 due at the end of the 4th month to reclaim your item.  Loan renewals after that 4 month period would incur similar costs.
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