24 Hour Pawn Shops In Phoenix (2024)

FAQs

What's the most a pawn shop will pay? ›

The loan amount that a pawnbroker offers will be based on the item's assessed resale value, often much lower than its original purchase price. If the item is approved, a lender will typically offer 25% – 60% of the resale value.

One of the best pawn shop operators, American Jewelry and Loan has its headquarters in Detroit, the United States. It was first established in 1978 and has since grown to be among the biggest and most well-known pawn shops in the whole globe.

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. The average amount of a pawn shop loan is about $75–$100.

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.

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.

Richard Kevin Harrison (born March 22, 1965) is an American businessman, reality television personality, and owner of the Gold & Silver Pawn Shop which is featured on the History series Pawn Stars.

What is the best pawn Star sells? ›

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.

If that necklace from your grandmother is worth $800, you probably aren't going to be able to secure an $800 pawnshop loan. In fact, most pawnbrokers will offer you a loan amount that's just a fraction of your item's value; according to the National Pawnbrokers Association, the average pawnshop loan is $150.

A pawn store will generally offer more money if you're selling your item instead of pawning it. However, it does depend on a few factors. For instance, if you're selling an in-demand item, such as gold jewelry or a high-end watch, the pawnbroker is more likely to offer you a higher cash value.

We generally recommend Abe Mor for gold jewelry, as their fees are lower than other gold buyers, meaning you'll get a higher percentage of the spot price for the gold you sell. However, there are many other buyers out there.