How to Sell Luxury Goods to a Pawn Shop for Top Dollar

There are been numerous news reports around the country on how Americans are selling valuable items to pawn shops and reaping lots of cash. For instance, it was just reported that a Willie Mays uniform from 1961 just earned a sports memorabilia collector $31,000 richer when he sold it on the hit TV series Pawn Stars. There are others who sell Rolex watches for thousands of dollars, profit from gold jewelry left from generations past, or cash in on rare antiques.

The following is a sure formula for selling valuable items to high end pawn shops for top dollar:

  • History pays – As exhibited by the man who recently sold Willie Mays’ 61’ jersey, the greater the history behind a particular item, the more a pawn broker is willing to pay. Before attempting to sell a piece of jewelry or valuable watch, extensive research should be done to prove its worth. For example, if trying to sell Rolex, the particular watch reference number must be investigated and its significance revealed. The rarer and more history rich an item, the more money it will probably garner. Thanks to the Internet, there are numerous resources out there for discovering the history behind most anything under the sun. There are also experts that spend their lives researching watches, jewelry, antiques, electronics and used cars. Reach out to a certified expert for their valued opinion.
  • Authenticity is essential Before attempting to sell an item, make sure that it is authentic and be able to provide proof. Certificates of authenticity, product stamps, original boxes, and serial numbers often come in very handy. When in question as to authenticity, consult an expert who can find identifying marks/features as proof.
  • Determine market value – Most items that are bought and sold across the land have market values that are a result of consumer demand. When selling a watch, piece of jewelry, antique, or other item to a pawn broker, it is vital that you know its market value. This way it is possible to know exactly how much cash should be earned. Never be afraid to walk away from a pawnshop if the right price isn’t offered.
  •  Only work with pawn shops with good reputations – As you seek out the right pawn for selling a valuable object, it is important to find a broker that is licensed, truthful, and offers top quality service. It is also recommended that you seek out a specialist for the particular product you are trying to sell. For example, some pawn shops specialize in purchasing antiques, others in Rolex watches and jewelry, and some in precious metals. Seek out the best match for your specific need.

There has never been a better time to sell jewelry, Rolex watches, valuable antiques, gold, and other valuable commodities to pawn dealers. With a bit of research and unlimited persistence, it is possible to earn a significant amount of cash in a short amount of time.

Posted in Pawn Shop by jenn at August 23rd, 2012.
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