Are you in need of a little extra cash in your pocket? Look no further! Here’s our list of the most popular and lucrative items to pawn.
Gold and Other Precious Metals
The price of gold is soaring right now. Gold is also one of the easiest materials to appraise and has the most options for reselling. That puts it at the top of our list!
Gold is a unique metal for pawn shops. Obviously, it’s worth a lot – but it can also be resold in more than one form. Pawn shops have the option of selling a piece of gold jewelry as-is, or melting it down depending on the value of its base materials and the conditions of the market.
Other precious metals include silver and platinum. If you have gold, silver or platinum jewelry that you haven’t worn in a while, consider having it appraised by a reputable pawnshop like American Gold Exchange & Pawn. If you’re looking for the highest-quality jewelry at a competitive price, also consider visiting us!
Diamonds and Other Gems
Diamonds are not only in high demand, they’re also rare. That’s why they’re especially valuable to pawnshops. And just like gold and other precious metals, diamonds are priced according to their quality.
All real diamonds are valuable. Just how valuable depends on several factors called the 4 Cs:
For a better understanding of the 4 Cs take a look at our article that explains the 4 Cs. Diamond experts take each of these factors into account when determining the price of a diamond.
Jewelry and Watches
Buying jewelry from a pawn shop is a great alternative to buying it elsewhere. You can find jewelry that’s of excellent quality and at a price lower than most jewelry stores.
The price of jewelry depends on the materials it’s made of. As you can imagine, gold and diamond jewelry will be more valuable than jewelry made of other metals or stones. Luxury jewelry and watch brands are highly desirable!
There’s a near-endless demand for guns, whether for hunting, target shooting or collecting. The market for resale also makes pawn shops and ideal means to sell your used firearms.
When pawning a firearm, bring in any accessories that may increase its value. This includes bolts, holsters, magazines, sights, scopes, slings and cases.
When bringing a gun into a pawnshop, be sure to follow all safety rules. Make sure it’s empty of ammunition. If you’re bringing one in uncased, use a blanket for transport and let the folks at the pawn shop know before walking in.
Why spend money on new power tools when you can get used, name brand, high performance tools at a competitive price? On the other hand, why hold onto power tools you never use, when you could get instant cash for them?
Brands that are used specifically by contractors, such as DeWalt, are generally considered more valuable. However, it doesn’t hurt to bring in your used Black & Decker or John Deere. Power tools are so popular that pawn shops tend to cycle through their inventory quickly.
How to Pawn
Pawns are short-term loans that don’t affect your credit. Once you’ve agreed to a loan amount for the item, you’ll sign a simple contract. Be sure to bring in your government issued photo ID because it is required for this transaction. You’ll receive your loan in cash and may redeem your item up to 90 days. For more information on how loaning and selling works, visit our FAQs.
We at American Gold Exchange & Pawn are a family-owned business of over twenty years, and we’re experts at appraising these Top 5 Items. If you’re interested in a loan or instant cash in exchange for any of these items, visit or call us today!