3. Pawn shops are never as frightening as you might think

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3. Pawn shops are never as frightening as you might think

A Cartier view is exhibited in a pawn shop in Beverly Hills, Ca. | Gabriel Bouys/AFP/Getty Images

Pawn stores don’t precisely have actually the best reputation. In a lot of people’s minds they’re seedy and a little frightening, run by creepy-looking dudes, and full of hopeless customers. But those pawn shop stereotypes aren’t grounded the truth is, based on Birnholtz.

Pawnshops “are perhaps maybe maybe not the happiest destination on Earth,” Birnholtz admitted. Nevertheless the industry has washed up its act in present years. “I genuinely believe that the amount of professionalism and cleanliness and solution has enhanced actually significantly within the pawn industry in the last 30 or more years.”

Visit a pawn store today, and you’re likely to locate your self in a clean, well-lit shop, stocked with quality utilized product. Most are also embracing Instagram to market their luxury items. Therefore the basic proven fact that pawn stores are full of components of dubious provenance? It is simply not real, in accordance with industry teams, whom state lower than 1% of things individuals you will need to pawn grow to be stolen. Genuine pawn stores check ID and make use of law enforcement to be sure the plain things they’re selling aren’t stolen home.

4. It is maybe perhaps not like everything you see on Pawn Stars. Rick Harrison from Pawn Stars examines an item of precious precious jewelry.

| Ethan Miller/Getty Images

Pawn stores is probably not the dens of vice some think they’re, but they’re also not exactly like everything you see on shows, such as for example Pawn Stars. The mega-popular Channel that is history program pawn stores to the limelight and helped normalize pawning, Birnholtz stated. The scenes the thing is that from the show, but, are not likely to relax and play away in town pawn store, which will be very likely to be stocked with gold jewelry, electronic devices, and carefully utilized musical instruments than unusual stone memorabilia or Star Wars collectibles.

Pawn Stars is “not always representative of exactly exactly how a lot of people utilize pawn stores since they deal in really, really specific things,” Birnholtz said. “They’re a shop that is big most likely decent margins, for them to manage to spend a pile of cash for many unique things. Whereas many pawn shops can’t accomplish that.”

5. Pawn offers vary — a great deal

A pawnbroker and an individual | PawnGuru

In an ideal globe, every pawn store would provide to loan you approximately exactly the same amount of cash for similar product. In fact, that is maybe maybe not how it functions. The common distinction between the best and cheapest bid for similar product at various pawn stores ended up being 258%, based on information collected by PawnGuru in 2015.

That vast disparity in loan offers had been one explanation Birnholtz created PawnGuru.

instead of investing a day visiting various pawn stores to obtain the deal that is best (or unknowingly settling for a low-ball offer), individuals is now able to use the internet, share the product they would like to pawn (or sell outright), and acquire quotes straight back from regional pawn stores. “That provides individuals the ability to negotiate with numerous stores at a time to find out what type is clearly planning to provide them with the very best deal,” he said.

6. You are able to pawn most situations

Interior of a pawn shop | PawnGuru

Firearms and silver could be a few of the more items that are common think about pawning if they require some dough, however in concept, it is possible to pawn just about anything. You merely have to locate a pawn store that thinks it might be in a position to sell your material. Various shops concentrate on different sorts of things, that is one explanation to search around utilizing PawnGuru. Its not all shop could be thinking about exactly exactly what you’re offering or have the information to offer a reasonable cost.

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