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

Do you need ID to sell at a pawn shop?

Last Updated: 16th January, 2020

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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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Similarly one may ask, 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.

Beside this, 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.

Rozica Alustiza

Teacher

How much can you pawn a laptop for?

Your dated laptop could be worthmuchmorethan you thought with someelectronicoverhauls.Laptop offers can range anywherefrom $50to $300 andhigher depending on the condition, brand, andquality.Read ourpost on how much pawn shopspayforlaptops.

Mi De Mota

Teacher

Where can I sell anything for cash?

Here are our top 21 popular smartphone apps that canhelpyousell your stuff online and potentially bring in someseriousextracash.
  • Decluttr. Decluttr is one of the best ways to sellyourunwantedstuff online.
  • Amazon Seller Marketplace.
  • Poshmark.
  • 5miles.
  • OfferUp.
  • LetGo.
  • OLX.
  • Cash4Books.

Haja Mazcu├▒an

Teacher

How can I make quick cash?

If you need money today or tomorrow…
  1. Try the obvious: Look around your home.
  2. Take out a cash advance.
  3. Recycle.
  4. Pawn or sell items of value.
  5. Sell an old cell phone.
  6. Sell your plasma.
  7. Ask a friend or family member for a loan.
  8. Payday loan stores are an option (just not a good one).

Mickael Mincu

Reviewer

What percentage does a pawn shop give you?

At a pawn shop, youleaveyourproperty—the most commonly pawned itemsarejewelry,electronic and photography equipment, musicalinstruments,andfirearms. In return, the pawnbroker typicallylendsyouapproximately 25% to 60% of the item's resale value.Theaverageamount of a pawn shop loanisabout$75–$100.

Davor Abramson

Reviewer

Can you pawn purses?

Most pawn shops do buyusedpursesfor cash. According to Pawn Nerd, sincemostare smallbusinesses, however, whether the shop will buyitand theprice they give can vary by pawn shop.Theylook forspecific hot brands, classic styles that hold theirvalueand typesof purses that they can resellforaprofit.

Helmuth Rimland

Reviewer

Do pawn shops give good money for jewelry?

Pawn shops only accept itemsingoodcondition that their customers will want to buy.Peoplewhoshop in pawn shops do so to get items forlessthanthey would have to pay retail for. Popularitemslikeelectronics, jewelry, and some collectibles sellfastandbring more money into the pawnshop.

Gabor Renovants

Reviewer

Why do pawn shops pay so little?

The pawn shop keeps your item untilyoupaythe loan back. Pawn shops typically acceptthesame types ofitems for pawn that they buy becausetheysometimes end uphaving to sell them. They want things thatpeopleare likely to buyquickly so that they can makemoneyfast.