Pawning has been used for many years as a way for people to get some extra cash in a quick and easy way. At Cuttings, we are a traditional pawnbrokers and accept fine jewellery, gold and luxury watches, though these aren’t necessarily the most commonly pawned items around the world.
We’ve put together a list of the top five items that are most popularly pawned in pawn shops today.
1. Electronic Equipment
Many pawn shops accept high quality electronic equipment in return for a lump sum of cash. Whether it’s old-school video games, music, movies or older TV sets and stereos, there is a huge market for electronic equipment. It’s important to ensure everything is still in working order, is fully cleansed and comes with any necessary components.
2. Musical Equipment
Musical instruments and equipment is extremely popular within pawn shops simply because they are often worth a lot of money. Older instruments like guitars are often collectable items, especially if they have a big brand name related to them.
3. Sports Equipment
High-quality, branded sporting equipment can be very expensive to buy, and is therefore worth a lot of money if kept in pristine condition. Many people opt to buy second hand sports equipment for this reason exactly, which is why so many pawn shops are willing to take them on and make a profit on it at a later date.
4. Power Tools
Power tools can be quite expensive to buy, which makes them perfect in a pawn shop for potential profit-making at a later date. There is a huge market for cheaper, used power tools, which means there’s definitely room for money to be made.
5. Fine Jewellery
Fine jewellery made from precious metals like gold, silver and platinum make ideal items to pawn, as well as jewellery that is an antique or vintage piece. When paired with precious gemstones such as diamonds, rubies and emeralds, their value exceeds further, making the amount you can loan increase.
If you’re on the lookout for a quick and easy loan and have gold, fine jewellery or luxury watches to swap over for money, we can help. You can get an estimation loan over on our website or can find out more information by giving us a call on 01843 584550.
