How to Find Pawn Shops Near Me
While it’s easy to sell items like flatware, coins (including gold worth money), and jewelry online if you have bulky or heavy items to get rid of that you can’t ship on your own, head to your nearest 24-hour pawn shop. Besides buying and selling goods, pawn shops also offer the chance to secure small loans for a few months. This is a way to quickly raise cash for a short-term expense such as a car repair, medical bill, or even a wedding.
It’s a bit different than just borrowing money from a lender or bank because you leave an item of value as collateral and are given a certain amount of time to return to pay back the loan, with interest. In the meantime, the pawn shop will usually keep your item to sell in the future.
Luxury Finds at Pawn Stores in Las Vegas
TV shows like Max Pawn and Pawn Stars may have changed some people’s perception of pawn shops, but these types of establishments can be valuable to those in need of quick cash. There are about 11,000 pawn shops in the country and they buy and sell items like gold, electronics, jewelry and firearms.
Before you take your valuables to any pawn shop, make sure the store is licensed and follows regulations. Look for local or state licenses, memberships in the National Pawnbrokers Association and reviews on websites like Yelp and Trustpilot. Additionally, make sure the pawnbroker has a safe to store your items and applicable insurance that protects against loss or damage.