To Pawn or to Sell; That is the Question

Gold jewelry and $50 cash bill

You walk into a Pawn Store and since it’s called a “Pawn Shop” you figure that you need to tell the broker that you want to pawn your item. The pawnbroker ask if want to sell your item or Pawn it? 

I’ve seen the looks on customer’s faces when asked that question. They have the “You buy stuff “?  look on their face. Yes, pawnshops will buy your merchandise in many instances. Usually if they will make a pawn loan on you merchandise, they will buy it. Will they pay more? Sometimes but not always. It depends on the item. If it’s something that can be sold quickly or something that is popular to resell then they may add more to the offer. Pawnshops make money, for the most part, in two ways. They loan money or sell merchandise and if a customer doesn’t redeem their pledge it has to be sold to recover the cost of the loan and hopefully make a profit. 

So, if you really or looking to sell your merchandise just tell the broker and they will make you an offer if it’s an item they feel they can move!