5 Things You Should Never Buy At a Pawn Shop (2024)

5 Things You Should Never Buy At a Pawn Shop (1)

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Pawning your items for cash is a great way to make money fast. Similar to thrift stores, pawn shops can also help you save money by offering items at deeply discounted prices.

Read: How To Get Money Back on Your Everyday Purchases

However, not everything at a pawn shop is a steal– be sure to know what you’re looking for, and what items to skip altogether, to avoid wasting your hard-earned money. Here is a list of the riskiest purchases at pawn shops:

What Not To Buy From a Pawn Shop?

Here are five things you might want to hold off on buying from a pawn shop.

1. Jewelry

If you don’t care about your items coming with a little wear and tear or being real gold or silver, this option is fine. A risk with buying jewelry secondhand is that it may not have been authenticated properly. If authenticity is important to you, make sure the appraiser is credible. Otherwise, it’s a good idea to pass.

2. Laptops and Computers

Pawn shops typically test laptops and computers before putting them up for purchase. However, the test may be little more than making sure the device turns on. There are many small electrical components that could be faulty and could get missed in the initial test.

It’s also difficult to know if the item has been modified in the past, and how well it will perform.For example, that new MacBook may appear to be in good shape, but the battery may not hold a charge for more than an hour, or one of the keys gets stuck every time you type. Internal issues such as spyware or illegal deleted files may also be sticking around if the device wasn’t properly wiped.

3. Vacuum Cleaners

Used vacuum cleaners can be, simply put, unsanitary. As with other suction cleaning machines such as carpet shampooers, dustbusters and wet vacs, there is no telling what the previous owner had cleaned with it, and chances are it’s still lingering around in the hoses and filters.

Introducing someone else’s allergens and dander to your home isn’t a great idea to begin with. Best to buy new, or if you must buy second hand, buy from a friend or family member you really trust.

4. Cell Phones

Cell phones are one of the most commonly stolen items on the market, and pawn shops happen to be a top choice for thieves to drop their items. To prevent this, most pawn shops work with law enforcement to prevent selling stolen goods and also require a government ID from anyone trying to sell. However, it’s good to be aware of where that out-of-box iPhone could have come from. Similar to used computers, you also run the risk of having spyware, illegal files or just poor performance down the line.

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5 Things You Should Never Buy At a Pawn Shop (7)

5. Video Game Systems

Much like other small electronic items, there may be different features or components in a game system that are worn or defective, which can affect the performance of the device. Game disks are less of a gamble, as long as they aren’t too scratched. It may be better to buy a pre-owned console through a reputable second-hand game dealer, as they may be able to thoroughly test them. Gamestop, for example, sends all trade-in consoles to be refurbished before making them available for purchase.

Is It OK To Buy From a Pawn Shop?

Generally, it’s OK to buy from a pawn shop, and it’s a great way to save quite a bit. However, make sure you are knowledgeable about the items that you are buying, and inspect them first for wear or damage. Some shops may even allow you to test items in-store before purchase, so it’s always a good idea to ask.

What Are the Disadvantages of a Pawn Shop?

One disadvantage of buying from a pawn shop is that you may end up with a lemon. Electronics and anything with a computer component are always a risk, as they may appear to be functioning well at first, but you may discover later why the original owner passed them on.

There is also a possibility that the designer belt or iPhone 12 you bought is fake, or even stolen. Pawn shops have a legal obligation to avoid knowingly selling counterfeit or stolen items, but it’s possible that some items can slip through the cracks.

Final Takes To GO

Whenever you buy something from a pawn shop, make sure to use your best judgment. It’s good to be aware that not every item may be what it appears, and it’s helpful to know if your appraiser is credible. Pawn shops are a great option to save money, as long as you know what you’re buying.

FAQ

Here are the answers to some of the most frequently asked questions things to buy -- and not buy -- at a pawn shop.

  • What sells for $100 at a pawn shop?
    • According to Frugal Reality, these items can easily fetch $100 at a pawn shop:
      • -Jewelry with precious metals and gemstones
      • -Flat screen TV
      • -BOSE speakers
      • -GoPro camera
      • -YETI coolers
      • -Tools from brands like DeWalt, Bosch and Snap-On
      • -Air-conditioning units
      • -Fitness equipment, such as treadmills and recumbent bikes
  • What do pawn shops value the most?
    • High-ticket items such as gold, diamonds, designer handbags and sneakers are the most commonly accepted items at pawn shops. You can expect to earn anywhere between 25-60% of the resale value for these items.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

5 Things You Should Never Buy At a Pawn Shop (2024)

FAQs

5 Things You Should Never Buy At a Pawn Shop? ›

If you want to get the most amount of cash, focus on jewelry with gold, diamonds, or platinum. And don't think that jewelry must be in perfect condition. Most pawn shops will take broken pieces as they still have value.

What items will pawn shops not buy? ›

5 Things Not to Sell to a Pawn Shop
  • Illegal Goods. You'd be surprised how many criminals try to take their stolen or illegal goods into a pawn shop and exchange them for cash. ...
  • VCRs and VHS Tapes. ...
  • Old Mattresses. ...
  • Old Cellphones. ...
  • Cassette Players.

What item do Americans pawn the most? ›

Below are the most pawned items that pawn shops love and that are sure to get you an offer.
  • Jewellery. Among all the things that Americans prefer to loan or sell, when they need cash, jewellery tops the list. ...
  • Sports Equipment. ...
  • Electronics. ...
  • Musical Instruments. ...
  • Power Tools.

What makes most money at pawn shops? ›

If you want to get the most amount of cash, focus on jewelry with gold, diamonds, or platinum. And don't think that jewelry must be in perfect condition. Most pawn shops will take broken pieces as they still have value.

What not to say at a pawn shop? ›

DON'T: Do not point out flaws in an item you want to purchase. This is just rude to the pawnbroker who spends their time assessing the value of the item and has years of experience doing it. Do you think you're better at pricing secondhand items than them? Perhaps not.

What pieces can a pawn not take? ›

The pawn may capture either the rook or the knight, but not the bishop, which blocks the pawn from moving directly forward.

What tools do pawn shops pay the most for? ›

Shops know they can sell tools faster (and for more money) when they are trusted brands. Bosch, DeWalt, Milwaukee, Stihl, and Snap-On will earn you the most. Usually, pawn shops will pay anywhere from $30-$200 for working tools, but you can expect that price to increase if you have any of these top performing brands.

What pawn shops want the most? ›

Your local pawn shop knows certain things that are in high demand have good resale value such as the following:
  • Electronics.
  • Power tools.
  • Musical instruments.
  • Sporting goods, such as bikes.
  • Gaming systems or consoles.
  • Antiques.
  • Smartphones.
  • Video games.
Mar 26, 2024

How much will a pawn shop give you for a laptop? ›

You could get a few hundred dollars for a newer laptop, with a good processor, and that is in good condition. Or you might have a pawn shop tell you that they can only give you around $50 if the laptop is in poor condition, old, or not that powerful.

Is silver worth anything at a pawn shop? ›

Pawn shops will pay based on a fraction of the silver's value, usually offering around 50% of the item's worth. But keep in mind that these prices can be haggled upward, in a pawn shop setting, as the initial offer is often lower than what they're ready to pay.

How to make quick cash? ›

Want to make money fast? Here are 16 legit ways to do it
  1. Find unclaimed property.
  2. Sell unused gift cards.
  3. Trade in electronics.
  4. Take surveys.
  5. Sell clothes online.
  6. Be a rideshare driver.
  7. Make deliveries.
  8. Do Taskrabbit.

Do you get more if you sell or pawn? ›

Another benefit of selling something to a pawn shop instead of getting a pawn loan is that you typically receive more money for the item. The pawn shop will determine the value and make you a slightly lower offer. After all, it still needs to sell it to make a profit.

What sells for a lot at a pawn shop? ›

Pawn stores usually pay the most for jewelry like diamonds and gold, timepieces, coins, vintage sneakers, designer purses, and handbags. However, every pawn shop can buy high-ticket items, including vehicles, real estate, and jewelry.

What is the weird pawn taking rule? ›

“A pawn attacking a square crossed by an opponent's pawn which has advanced two squares in one move from its original square may capture this opponent's pawn as though the latter had been moved only one square. This capture is only legal on the move following this advance and is called an 'en passant' capture.”

What do pawn shops not buy for cash? ›

Pawn shops usually will not accept items that are clearly replicas (such as fake designer purses). They also do not typically accept clothing or books, unless they are very valuable, such as a first edition or signed copy of a popular book. Items should be in full working order when you bring them to be pawned.

Why should you be careful of pawn shops? ›

With pawn shop loans, you stand to lose the item you left with the pawnbroker if you default on your loan. Depending on what you put up for collateral, that could be a big loss for you.

Do pawnshops accept defective items? ›

Pawn shops do buy broken items. However, each shop decides which items they'll accept and how much they're willing to pay. Some items, like fine jewelry, still hold significant value with damage. If they can't repair it, pawn shops can resell the precious metal or gemstones.

What is the oldest TV a pawn shop will take? ›

AGE. Given rapid technological advancement, unlike jewelry or fine wine, televisions don't tend to get better with age. So if you're considering pawning your TV, it's best to do it sooner rather than later: televisions less than two years old will be in the best position to get maximum cash.

Can you pawn an air fryer? ›

Kitchen Appliances (mixers, air fryers, crockpots) – Kitchen appliances are notorious for ending up in landfills. Yet they are still useable. Therefore buying, pawning, or selling from a pawnshop does a tremendous service to the planet.

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