Pawn Shop Near Me

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Pawn Shop Near Me: Best Paying Locations (Zip Code Search)

Are you looking for how to turn unwanted used items like old cell phones or electronics into instant cash? All you need is a Pawn Shop near you.

You visit a pawn shop when you need cash fast. Many people wonder, is it better to pawn or sell at a pawn shop near me? There is a difference.

Pawning means taking out a loan using as collateral a valuable item you own. On the other hand, when you sell an item to a pawnbroker, you agree to receive an amount of cash in exchange for the item you own.

It’s a great option if you are looking to sell used items you no longer need. For example, last week, a Pawn Shop near me paid me $200 for an old drone I got for Christmas two years ago; not bad for an old toy.

What is a Pawn Shop?

pawn shop is a business that provides short-term loans to people in exchange for valuable items such as jewelry, electronics or an antique; the item exchanged is referred to as a pawn or collateral.

There are no credit checks required and the amount of the loan is determined based on the market value of the item exchanged. You have the choice to either leave the item as security for the loan or sell the item outright.

Have you heard of places offering cash for gold? That’s a pawn shop! While some pawn shops specialize in jewelry, others specialize in a wide variety of valuable items.

Most people who visit a pawn shop are looking for a quick short-term loan; these types of loans at banks would take longer to process, and require filling out many forms and could the applicant might be rejected.

Thus, pawn shops have helped families through challenging times by extending short-term, collateral-based loans tracing back to the 5th Century in China. They will continue to be part of our society, for generations to come.

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The person who assesses the value of items you bring and gives you the loan is what people call a pawnbroker.

Use our Pawn Shops near me locator

Enter your zip code in the search box below to find local pawn shops nearest you.

Another great search tool for this is Yelp.

Go to then on the search box type pawn shop near me, your city, and click on the search button. Voila! You’ll get a listing of local pawn shop businesses with their contact information and reviews from previous customers.


How Does Pawning Work?

This means that yoThe reason people pawn is that instant access to cash. When you visit a local pawn shop, the cash you get is based on the valuation the pawnbroker makes on the items you bring.

So for example, let’s say you want to pawn a watch, and the pawnbroker estimates the price of the watch at $400.u’d get a loan for less than $400 so that if you don’t repay the loan, the pawnbroker can resell the watch leaving them with a profit.

Here is how pawning works in 5 steps:

  1. You take in or send by mail the item to a pawnbroker.
  2. A pawnbroker assesses the value of the item.
  3. The pawnbroker makes you an offer, usually a loan for 3-6 months.
  4. You can either accept or negotiate for a better offer.
  5. At the end of the loan term, you’ll have to repay the loan plus interest to get your asset back. If you don’t repay the pawnbroker at the end of the loan term, the pawnbroker will sell the item to recover their money.

Prepare for the process

Make sure the items you want to pawn are in working condition; this will increase your chances of getting accepted for the right amount of money.

Also, try to get a rough idea of the value of the item before going to the pan shop, so that you’re able to negotiate for the right amount of money.

The first question the pawnbroker is going to ask you is, what do you think the item is worth?

The next question will be…

How much you want to get for it?

At that point, the pawnbroker will make his or her assessment and make you an offer

What is a Pawn Loan?

A pawn loan is a way to get cash quickly against an item that you own using it as a collateral. Whether you need money short-term or for long-term purposes, you can pawn just about anything.

  • Since the loan is secured against something you own there is no need for credit checks.
  • There is no impact on your credit rating.
  • If you fail to repay the loan, the pawnbroker will sell the item you pledged.
  • When you re-pay the loan plus interest you will get your item back.

When someone pawns an item for cash, it means they receive money based on the value of the item you’re pawning.

Is it Like What You See On The TV Show Pawn Stars?

Like most TV shows, Pawn Stars is scripted and staged. It’s an entertaining program, but most neighborhood pawn shops likely don’t trade rare coins, unique or luxury items.

Your local neighborhood pawn shop is more likely to deal with jewelry, musical equipment, and lightly used home electronics.

For example, according to data from over 1 million pawn requests processed through the Pawn Guru website, electronics account for over 30% of pawn requests, but at Pawn Stars, we mostly see rare luxury items.


Data source: PawnGuru

What Items Can I Pawn?

Over 30 million Americans use pawnshops every year; with a network of over 11,000 pawn shops across the U.S. the industry serves a significant portion of the American population, especially as it relates to the unbanked.

A pawnbroker would accept just about anything that they can resell if you don’t repay the loan. Here is a list of the most common items pawn shops near you accept:

  • Jewelry, diamond rings, gold, premium watches
  • Laptops, tablets, cell phones
  • Cameras and video recording equipment
  • Home electronics, including home audio systems
  • Drones, GPS, and other gadgets
  • Powe tools
  • Cars, trucks, motorcycles, bicycles
  • Boats, snowmobiles, and recreational vehicles
  • Designer bads, fine wine, and other exotic things
  • Art and collectibles
  • Anything of value

Can I Trade Firearms?

Pawnshops that are licensed to trade firearms such as pistols or rifles will trade with people who meet federal and state law. Thus, if you’re trading a firearm the transaction process will take a bit longer than if you were trading something else.

Are Most Items at a Pawn Shop Stolen?

The National Pawnbrokers Association reports that about 1 percent of all at pawn shops are stolen. It’s not a high percentage but there is a strong correlation between crime, theft and the number of pawn shops in certain neighborhoods.

An academic research paper published in 2017 by Rocco D’Este, lecturer of economics at the University of Sussex, shows U.S. cities with a lot of home burglaries have more pawn shops trading gold and jewelry.

What Happens If I am Unable to Repay My Pawn Loan?

As one might expect, there are some instances where the person who took a loan is not able to pay back. 

There are many reasons why that can happen. If a person cannot pay or refuses to pay the loan, the pawnbroker will take ownership of the item. At this point, the pawnbroker has the right to sell the item so they can recover the value of the loan.

Another option is to exchange the item you pawned for a different item. What is important to the pawnbroker is to ensure that he or she can recover the value of the loan, plus interest charged on the loan.

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80% of people do repay their loans, so keep that in mind. However, if you choose to not repay the loan, the only consequence will be losing the collateral. There won’t be collection calls or any changes to your credit report.

You simply forfeit the item you pledge to the pawnbroker, making him or her the new owner.

How Much Money Can I Get From a Pawn Shop Near Me?

Pawn Shop - Cash for thing of value

Pawn shops are in business to make money; to make money; to do this they need to pay you less than what the item is worth or what it can be sold for.

How much less?

The percentage nearby pawn shops give you is typically 50% of the item’s real value; for highly sought after items like jewelry, they likely offer you 15%-25% less than what the item is worth depending on the condition of the item.

For example, if you have gold worth $2,000, the pawnbroker may offer you $1,500 for a 30-days loan (25% less); however, if you have a laptop worth $2,000, the pawnbroker may only offer $1,000 for it (50% less).


Because there are a lot more people looking to buy gold than people looking to buy a $2,000 used laptop. The pawnbroker needs to factor in how long it will take for them to resell the item.

Shop Around and Negotiate

The higher the value of what you what to pawn, the more it will pay off to do your homework. Don’t just rush to the nearest pawn shop.

For example, if you’re selling jewelry, visit a couple of jewelry stores to get an appraisal. The same goes if you have items such as art, or luxury items. Getting your valuables appraised will help you negotiate the right price.

Additional Services Pawn Shops offer

Pawn shops typically offer additional services such as check cashing, Western Union, APS or FedEx, bill payment services, and sell cell phones or other electronics.

Use Pawn Guru

Pawn Guru is a website where you can post items you want to pawn, or sell. Pawn shops near you can then send you their offer, all online without you going to the store. You can then decide which pawn shop you want to deal with.

You simply:

  1. Post your item on the Pawn Guru website
  2. Recieve and compare offers
  3. Get your cash

Pawn Guru is a very useful website you can use to get a sense of what your item is worth to nearby pawn shops.

Benefits of Taking Out a Pawn Shop Loan

Pawnshops serve a special niche of offering quick small loans when someone has an emergency and needs money fast; some loans can go up to above $100,000 but most emergencies don’t cost that much.

Here are the advantages of taking out a loan at a pawn shop nearby:

  1. Super Quick Loans

The best advantage of pawn loans is instant access to cash. With a bank, applying for a loan can takes weeks to process the application and get your approval.

This is not the case with pawn shops; you can walk into a pawn shop and come out in a matter of minutes with the loan you want.

This is possible as long as you have an item of value that you can pledge. Hence, pawn shops are handy for many people because of this really quick nature of the loans from pawn shops.

  1. No Credit Checks

Another great advantage of why people prefer a pawn shop over a bank for small loans is that there are no credit checks. For a bank, a credit check is a must to process a loan application.

With a pawnshop, the loan is backed by the asset you leave with the pawnbroker so there is no need for credit checks, and the pawnbroker does not care about whether you have a good or bad credit history.

  1. No Impact to Your Credit Report

Pawnshops don’t report payments to the credit bureau; therefore the loans you get do not affect your credit rating.

  1. Access to Multiple Loans

You can get multiple loans from a pawnbroker. If you want a monthly loan, weekly, or even daily loan, that’s possible, but you will need to have collateral to secure the loans.

Now, keep in mind that pawn loans are meant to be used for emergency purposes. When you borrow money with multiple loans, you risk losing your asset because it will become very difficult to pay those loans.

Disadvantages Getting a Loan at a Pawn Shop Near Me

Pawnshops charge very high fees and interest rates; hence, it is not a good way to borrow money. It makes sense you need cash for a very short term (less than 30 days) and you cannot get money from a local bank.

So, before you rush over to the nearest pawn shop, keep in mind the following disadvantages:

  1. High-interest fees

Most pawnshops will charge a rate of 10% to 20% per month; that would out to over 120% to 240%, which is an exorbitant rate to pay.

You might also have to pay for storage and insurance fees, so make sure you enquire about all fees that will be charged on the loan so that you are aware of the full cost.

Interest fees can quickly accumulate, so make sure you can pay the loan quickly so you don’t end up paying extra fees that can become overwhelming for you.

When it comes to accepting the loan, do not sign until you’re absolutely sure that the conditions are favorable for you.

  1. You might get ripped off by the pawnbroker

Some pawn shops take advantage of people who don’t know the real value of their items, especially if they’re desperate to get money fast. Therefore, before rushing to the nearest pawn shop in your area, take your time to consider your alternatives.

  1. You can lose your valuables

If you default on your pawn loan, the property you left as collateral becomes the property of the pawnbroker. The time to pay off the loan is typically 30 or 60 days; if you don’t, the pawnbroker can sell it the item you left at the shop.

In about a dozen states, if the sale brings in money over what you owe on the loan, storage fees, and sales costs, you’re entitled to the surplus. But don’t count on getting anything.

Pawn shop window covered by bars

How to Buy From a Pawn Shop

A penny saved is worth more than a penny earned – after taxes.

You can save a lot of money by buying some things at your nearest pawn shop. You can buy things tools, jewelry, video games, antiques, firearms, and even some electronics, for a fraction of the real cost.

However, you have to do your homework so you know what you’re buying and for how much. Here are some useful tips you should follow when buying something at a pawn shop:

  1. Do your research. It helps to know the true value of an item. Check out what the same item is being sold for using sites the eBay, Craigslist or Facebook Marketplace.

  1. Pay with cash. Cash is still king, especially at pawn shops. They may offer you a better price when you pay cash. That’s because when you pay with a debit or with a credit card, pawnbrokers pay to pay to a merchant provider to process that transaction.

  1. Negotiate. You never know what you can get simply by asking. You don’t want to pay the sticker price; that’s the starting point. Now how much discount from the sticker price will depend on how long something stays in the store.

How to Sell Something to a Pawn Shop

Do you have some spring cleaning to do? Why not make a few bucks while you’re at it? More and more people are turning to pawn shops when getting rid of items they no longer use.

How about selling that piece of jewelry from a previous relationship?

Before heading over to a pawn local pawn shop, there are a few things you should consider.

  1. Check out customer reviews. Don’t just run to the nearest pawn shop. Instead use Yelp to check out customer reviews. On their Yelp page, you can also find Pawn shops’ contact information.

Call them and ask for an estimate of the item you want to sell. Some pawn shops specialize in some items; so they are more likely to buy the item you’re looking to sell.

The more prepared you are the better your chances of getting more cash for your valuables.

  1. Find out the right price. For example, if you’re selling a piece of jewelry, you should consider having a jeweler appraise the item first.

This way you’ll be able to negotiate with the pawnbroker knowing the market value of the item.

  1. Make sure the item is clean and in working condition. You wouldn’t want to buy something that’s dirty or that is not working, right? It’s the same way for a pawnbroker. Make sure you clean the item before going to the local pawn shop.

If you’re selling electronics or something that runs on batteries, test ahead of time. You don’t want to show up with broken stuff because that won’t get you much money.

Also, if you have the original packaging, bring it along as it will help a lot in getting a better price.

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Pawn Shop Near Me Frequently Asked Questions

What can I pawn for $500?

To get approximately $500 from a pawnbroker you can pawn jewelry, firearms, laptops, or other high-end electronics or tools.

What can I pawn for quick cash?

You can almost pawn just about anything of value for quick cash. However, the best things to pawn at a pawnshop are jewelry, power tools, firearms, collectibles, art, musical instruments, and electronics.

Some pawn shops specialize in specific types of items so all you need is to find a pawn shop that specializes in what you want to sell or pawn.

Is it better to pawn or sell?

Out of everyone getting money from pawn shops, about 80% of them pawn, and 20% sell things. If you have an item you no longer use, it is better to sell it to a pawnbroker; however, if you just need money fast, but for a short period of time, then it is better to pawn.

What is the best way to find a pawn shop near me?

The best way to find the nearest pawn shop is by using Yelp. Simply go to, type pawn “shop near me” add your city, click on the search button and you’ll get a list of pawnshops, including their contact information and customer reviews.

Can you make money by reselling things from pawn shops?

Yes, you can! Some people even post YouTube videos of how they can buy things such as video games for cheap at a pawn shop and then resell them on eBay, Facebook Market Place, or even Instagram.

Sites like eBay have similar items for sale, but for a higher price. That’s because at pawn shops there is a cost to getting quick cash.

Why do people use pawn shops?

According to the Federal Deposit Insurance Corp, twenty-five percent (25%) of U.S. households are unbanked or underbanked. Those families resort to alternative forms of loan services like payday loans, and check chashing services.

Compared to payday loans, pawn loans offer an affordable, relatively low-risk alternative. It is low-risk because if you can’t repay the loan ou forfeit the item, but you won’t have collection agencies calling to collect money.

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