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Have you ever sold anything to a pawn shop?

Offline MovieMan

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Have you ever sold anything to a pawn shop?
« on: February 17, 2013, 09:33:05 AM »
Nope, not me but maybe you.

The first thing they ask you is "Do you want to pawn it or sell it?'

They do this because if you pawn it they are going to be holding on to it for (I think) 90 days before it becomes theirs and they can sell it.

If you sell it to them they can turn around and sell it right away.  I'm sure their bargaining position changes based on your answer to that question.

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So, have YOU sold something to a pawn shop....or just "pawned' something and later re-claimed it?


Offline Alias300

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Re: Have you ever sold anything to a pawn shop?
« Reply #1 on: February 17, 2013, 10:04:28 AM »
Back in the 90's that was the prime place to sell.
No eBay, no CL.....no Internet to speak of.

You had the swap meet/garge sales for odds nd ends, smalls....and consignment/antique stores for furniture and high end clothing.  But for a lot your option was pawn shop or spending a ton in Ad fee's for the newspaper.

I would always pawn then not pick it up.  They give more.  1) they assume they are getting their money back. 2) higher loan means more in interest.

But after they got computers they saw you never returned and stopped letting you pawn.

Now I rarely sell to pawn shops.  Have used them to consign some items. 


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