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How Pawnshops Work


Incredible Bargains
For a beginning golfer, or for the golfer with a discriminating eye, pawnshops can give great deals on clubs.
For a beginning golfer, or for the golfer with a discriminating eye, pawnshops can give great deals on clubs.

­B­ecause many of the people never pick up the items they pawn, a pawnshop is a consumer store as much as it is a lending institution. People also come in and sell used items outright to the pawnshop.

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This makes any pawnshop a huge, daily garage sale! Some of the things you typically find in a pawnshop include:

  • Electronics
  • Tools
  • Lawn equipment
  • Sporting goods
  • Clothing
  • Musical instruments
  • Jewelry
Although you can get great deals on jewelry at a pawn shop, you have to know how to pick a "diamond in the rough."
Although you can get great deals on jewelry at a pawn shop, you have to know how to pick a "diamond in the rough."

According to Ausley, "a pawnshop is a great place to buy jewelry!" You generally pay about half the retail value. Worried about authenticity? Bring an appraiser with you. Since jewelry is often the most valuable thing a person owns, it is one of the most commonly pawned items.

You will also find random things you might not expect to see at a pawnshop -- saddles, for example. And wheel chairs, motorcycle leather, bicycles...

From chain saws to bicycles, you'd be amazed at the random things you can find at a pawnshop!
From chain saws to bicycles, you'd be amazed at the random things you can find at a pawnshop!

Often, a pawnshop has a specialty, and the shop sells new merchandise in that area. For example, Rick's Music & Pawn sells both new and used instruments, speakers and other music-oriented items.

Anything of value that you can find at a garage sale is probably for sale at a pawnshop near you. Be sure to haggle!

For more information on pawnshops and related topics, check out the links on the next page.

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