Asked by: Jana Browne
business and finance sale and lease back

Do you need ID to sell at a pawn shop?

Last Updated: 27th March, 2021

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More often than not, laws will requirepawnshopsto have at least an ID presented, althoughthatdoes notalways mean a state ID. So with that in mind,yespawnshops will ask you for youridentificationwhenyou go into their stores to eithermake a loanonsomething or to sell something tothem.

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Beside this, do you have to be 18 to sell something at a pawn shop?

Because of that, you normally have tobeatleast 18 years old to make a pawn loanorsellsomething at a pawn shop.

One may also ask, do you get more if you sell or pawn? Getting the Most Money whenSellingorPawning Your Items Decide if you're pawning orselling.Often,you can get more money for your itembyselling it.However, with a pawn loan, youcanget the moneyyou need, and you stillgetto keep youritem.

Consequently, what can you sell to a pawn shop?

Best Things to Pawn at a Pawnshop

  • Precious Metals. Jewelry is one of the biggestmoneymakersinpawnshops.
  • Tablets. When you already have a computer and asmartphone,yourtablet is an easy target for pawnbroker fodder.
  • Power Tools.
  • Gems.
  • Firearms.
  • Collectible Coins and Currency.
  • Sporting Goods.
  • Smartphones.

How long before a pawn shop can sell your stuff?

30 days

Related Question Answers

Melchora Argenta

Professional

Can you negotiate at a pawn shop?

Do: haggle
Not only is it perfectly acceptable tonegotiatealower price on pawn shop items, mostpawnshopsactively expect you to do so.Typically,pawnshops will stick their merchandise with aprice tagthat's alittle higher than what they need you topay for itto makea profit.

Udane Peckenhawben

Professional

What if a pawn shop buys stolen property?

Anything stolen is recovered this wayandreturnedto the owner. If a stolen item is foundinapawnshop and the item was not reported tothepoliceby the pawnshop when it came in, thepawnbrokercanbe charged with receivingstolenmerchandise.

Edelgard Llaquet

Professional

Do pawn shops keep records of sellers?

The law varies by state regarding howlongrecordsshould be kept and what information is requiredwhenpawning orselling merchandise to a pawn shop.Onaverage,records are kept between 3 to 5years.

Rolly Maspoch

Explainer

How do pawn shops determine value?

How do you determine the valueoftheitem? Pawn shops base the value of the itemoncurrentappraised value, its current condition andtheability to sellthe item. Pawnbrokers use researchtoolsthat they have attheir disposal to determine anitem'svalue and get youthe most money for theitem.

Winston Johannisbauer

Explainer

Can you buy stuff at a pawn shop?

Yes, you can buy from a pawn shopandyoucan save money by doing so. I havepurchasedmanythings from pawn shops over the years,and mosthaveworked just fine.

Delisa Bick

Explainer

How does pawning an item work?

Pawnshops offer collateral-based loans —meaningtheloan is secured by something of value. You take insomethingyou own,and if the pawnbroker is interested, he willoffer you aloan. Thepawnbroker then keeps your item untilyou repaythe loan. Youmust receive a pawnticket.

Remei Krygie

Pundit

Is it better to pawn or sell jewelry?

Pawning your jewelry is a really goodoptionfortwo reasons. First, it's great if you need money quicklybutyoualso want to keep your jewelry. Second,becausethepawn shop doesn't have to worry about havingtosellyour jewelry, you'll probably get moremoney.Shop around atdifferent pawn shopsorjewelers.

Darius Eicholz

Pundit

How can I sell my old electronics?

Below are the best places to sell oldelectronicsforcash.
  1. BuyBackWorld. BuyBackWorld is one of the top places tosellyourold devices for cash.
  2. Buyback Boss.
  3. Gazelle.
  4. Sell Old Electronics on Amazon.
  5. Decluttr.
  6. GameStop Trade-In.
  7. Target Trade-In.
  8. Bonus – eBay.

Kadia Lovatt

Pundit

What can I pawn for 500 dollars?

You can pawn the following items for approximately$500cashtoday.
  • Gamer Computer.
  • High-End Laptop.
  • New Large Screen HD or 4K TV.
  • Riding Lawn Mower.
  • Old Car or Truck (the title must be in your name)
  • Gold, Platinum & Silver Jewelry.
  • Large Diamond with Great Clarity.
  • High-End Watch.

Gines Tonon

Pundit

What can I pawn for quick cash?

Precious metals such as gold, silver, and platinumarebyfar the easiest items to pawnforquickcash.

Dori Scharffenberg

Pundit

Do thrift stores buy your clothes?

Actual "thrift stores" generallyonlytakeclothes by donation. Consignmentstoresgenerallydon't pay until the clothes sell.Visitconsignmentstores and other used clothingretailers.Pick upguidelines for selling to the shops,ifthey'reavailable.

Neluta Chohan

Teacher

What do pawn shops pay most for?

Here are 8 fast cash pawn items that pawn shops willpayyougood money for!
  1. Jewelry. Maybe it's outdated or just not your style.
  2. Smart Phones. This quick pawn item always sells.
  3. Coins and Other Currency.
  4. Power Tools.
  5. Video Games.
  6. Comic Book Collection.
  7. Antiques.
  8. FireArms.

Fateh Haferburg

Supporter

Do pawn loans affect credit?

The answer is, as long as the loan wearetalkingabout is a pawn loan, then no, they willnotaffectyour credit. That means that they won'timproveyourcredit score. On the other hand, if you defaultontheloan and are unable to pay it back in a timelyfashion,italso won't hurt yourcreditscoreeither.

Victorita Chapi

Supporter

What percentage do pawn shops pay for jewelry?

For most pawn shops the common beliefistheywill offer your 40% of the valueofyourmerchandise and settle foraround50%“generally”.

Sounia Herrarte

Supporter

How much can you pawn a Xbox one for?

Xbox One Pawn Shop Value 2019
Xbox One Offer Type Xbox One Pawn Value
Minimum Xbox One Offer $5
Maximum Xbox One Offer $250
Average Xbox One Offer $86.65

Yareli Accorsi

Beginner

What happens if you don't pay back a pawn loan?

Not only will you get cash on thespot,butyou also won't affect your credit and willhavetheopportunity to redeem your item when you repaythepawnloan and small fee. Get to know what your optionsareifyou forget to or are unable to repayyourpawnloan in time to redeem your item.

Salma Gamero

Beginner

Can you pawn a wedding ring?

One question we get all the time is howmuchyoucan pawn a wedding ring for. Unfortunately, there'snosingleanswer. Diamond Banc will loan up to $500,000 onyourjewelry.But, since every wedding ring is different,everyloan isdifferent too.

Camellia Delis

Beginner

Can you pawn the same item twice?

There's no reason that a pawn shopwouldn'tacceptthe same item twice, or as many times asyoubroughtit in. When you bring the same intoapawn shoptwo or more times, you save thepawnshop a lot oftime.