The art of pawn stores

christy_lynch By christy_lynch, 20th Mar 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/-kq3bp_r/
Posted in Wikinut>News>Off Beat

In most of your cities throughout the united states there are small shops set up where you can take something of value that you have a sell it or get a loan. Otherwise more commonly known as pawn shops.

pawning

Pawning is taking something of value that you have and either selling it or getting a loan from it. Selling an item you don't get that item back this is good though is you no longer have need of it and need quick cash. Pawn loan the pawn shop will give you a loan and hold your item for a certain number of days then if you want the item back you have to come in with the money you borrowed plus whatever their principle might be.

Pawning and Pawn shops have become increasingly popular in the united states. It's a two fold benefit. One for the person looking to either get quick cash or a loan that otherwise for whatever reason couldnt get a traditional loan. Secondly you can buy a lot of nice things at a good price. When a loan does not get paid after a certain amount of time the pawn brokers sell the item so they can get the money back that otherwise would have loss on a count of a bad loan. lf gotten a lot of nice things from our local pawn shop I specially like shopping there when I want a tv or dvd player or other electroncis like this because items like these desprecaite so quickly I dont really think it's worth spending the money for a brand new one.

When you go to sell or item or get a loan there are a few tricks you should know. First of all the only difference between selling an item or getting a loan is that selling you dont get the item back it doesnt make a difference in the amount of money you get. I used to think that myself for a long time. What most pawn brokers consider in determining the amount is what is it? How rare is? Does it have prescious metal like gold or silver in it? If so how much? as well as other historic value.

What to do before you take an item in? First know what it is, research it have as much information as possible about. Secondly get it apparaised and have the documenation. Thirdly get an idea price in your head then be open minded to negotate most pawn brokers go anywhere from $50 to 100 or more below. This is to ensure that their not going to lose money remember more than likely you are not going to get your full orginal asking price so have some back up figures.

Tags

Pawn Sales, Pawn Shop, Pawn Stars, Selling Your Stuff

Meet the author

author avatar christy_lynch
Hi my name is christine lynch most everyone calls me christy. Im a christian wife and mother of 11 years. My husband and I have 5 amazing,beautiful chidlren. My passions are education,sewing and paint

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