Pawn shops can help you out of your financial hardship. Some people go looking to sell items they no longer need for immediate cash and others go to temporarily trade items to receive loaned money that they will pay back. Below are a few things to keep in mind when selling at a pawn shop.  

Do:

Bring proof of identity and paperwork.

You want to come prepared with your driver’s license or your passport for identification. Bring along any additional paperwork that goes along with the item you want to sell. Original paperwork that came with the item when you first bought it would be best. But if you no longer have that, then try to find a detailed description online and print it out to bring with you. If you are wanting to sell something of celebrity worth, bring proof with you that the celebrity did indeed sign or use the item you are selling.

Read the details.

Nail down all of the details on paper, not just in conversation. Read all of the conditions carefully before you sign. If you are selling to acquire a loan, do remember that you must repay the amount on time, or you will most likely run the risk of losing your item. If you know that you will not be able to pay back the amount by the due date, tell your broker beforehand, and he may be able to offer you an extension.

Don’t:

Take the first offer.

You should plan to haggle. A pawn shop broker will expect this and offer a lower than necessary price. Fight for your item’s high quality. Remember that you will not receive full value for your item, as there is no guarantee that it will sell. The pawn shop must step out on a limb to accept your item, hoping that it will sell. Therefore, keep your expectations reasonable. Do not expect too much or settle for too little. 

Sell without doing research.

To better know you are getting a good price for your item, you should know how valuable your item is before you enter a pawn shop. Research similar items and see how much they are selling. If you want to sell any jewelry, have it appraised before coming in. This research will aid in your negotiation and provide you with confidence in your contract. 

If you are looking to sell, loan, or trade your items, contact American Trading Company in Cincinnati, OH. They have been buying and trading valuable items for more than 50 years and specialize in guns, ammo, jewelry, and currency. They excel at pricing items at fair, accurate prices and offering the best values to their customers. To find out how to get started selling, call either their Harrison location at (513) 661-3633 or their Galbraith location at (513) 385-6789. You can also find out more about them online.