General Question

jsc3791's avatar

How much should I expect an average pawn shop to offer me for these?

Asked by jsc3791 (1983points) July 21st, 2010

I’m just curious about a general percentage of the original price that I can expect to receive from a pawn shop.

Let’s say I paid $900 for a pair of earrings. On average, does anyone have a clue what would be a “fair” offer from a pawn shop?

Thanks for your help. This is the first time I’ve pawned anything and I don’t want to get ripped off too badly.

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14 Answers

MissA's avatar


jaytkay's avatar

Half the used price is a rule of thumb. So half what you could get by selling it via eBay or Craigslist.

CMaz's avatar

$150 at the most.

dpworkin's avatar

25% is not a bad rough guideline except in the case of diamonds and other commodities which are artificially priced. They are worth much less at resale unless they are Estate Jewelry in old-fashioned cuts, such as rose, or old mine.

jsc3791's avatar

Thanks so much guys. This helps give me an idea. I appreciate it!

YARNLADY's avatar

Wow, the estimates I see are really high. Most pawn shops around here will only offer 10% of value on items you want to get back. If you are selling the item to them, it might go up to 20%, unless the shop has a demand for that type of item.

Neizvestnaya's avatar

10— 15% of what you paid retail.

woodcutter's avatar

whatever they offer, you are gonna feel disappointed. Just because something is worth a certain amount doesn’t mean you need to borrow that amount. Only borrow what you really need. The interest they charge is borderline illegal. or ought to be.

CMaz's avatar

This is what you do. Go to the pawn shop. Find out what they will give you.

Then, add $50 to that amount and ask around if anyone will buy it (friends and/or family).
You will get a better deal that way. And, it will be more then if you pawn it.

YARNLADY's avatar

Am I missing something here? I though the point of a pawn shop was to get a loan on your item, and then get is back when you pay off the loan plus a fee.

The other answers seem to be talking about selling the item to the pawn shop. I would go to a second hand shop to do that.

CMaz's avatar

People tend to dump their stuff these days. Unless you live in Vegas.

jaytkay's avatar

I though the point of a pawn shop was to get a loan on your item, and then get is back when you pay off the loan plus a fee.

People use pawn shops both ways. Sometimes they plan to get the things back, sometimes they just want quick cash.

I think the agreement is written the same either way – if you don’t pay off the loan in a certain amount of time, the shop owns the item.

YARNLADY's avatar

@jaytkay Oh, I did not know that. I sometimes take my items to a consignment store and if they sell, the store takes a cut, if they don’t, I get them back for a small holding fee.

jaytkay's avatar

@YARNLADY That’s good to know. I sell through eBay and Craigslist, consignment stores are kind of off my radar, but I have been thinking about getting rid of some lamps and chairs which would be a hassle to ship.

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