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How do Pawn Shops Determine the Value of Your Item?

To ensure that their business is profitable, pawnshop owners follow a standard procedure in assessing the value of your merchandise.  These are the criteria used in determining the amount of money they can loan you:

            1. Current appraised value/resale value
            2. Item condition
            3. Salability/their ability to resell it
            4.  Profit margin

Pawnshop operators use research tools to determine the value of your item. They likewise assess their own ability to sell your item. The appraisal process may vary depending on the type of item. They also examine and test your product very well to make certain that it is working properly.

A pawn shop will assess an item based on numerous factors, including condition, appraised market value, and salability factor.  Most of the time, it would offer to grant you a loan equivalent to almost one-fourth of your item’s current value. Another option is an offer from the shop to purchase your item at a price so much lower than its appraised value.

All items are valued based on what they could bring if sold at the market. Your piece of equipment, television, or laptop would be appraised much lower than their actual market value to allow for a profit margin.

Research tools for pawnshops are available online. These online services  provide this information to pawn shops for a fee.  Examples are, and

Antiques or collectibles may need an expert in the field before the pawnshop can give you an appraisal. So if you bring a rare jewelry to the pawn shop, expect some pleasantness as they ask you to wait for the expert.

Certain items are easier to move than others. It is easier to sell a plasma TV than used stamps or a piece of painting. So that is another factor they consider in assessing the amount they will give you as loan or payment.

Another thing that would affect their assessment is your item’s value after they had fixed it. A pawn shop may decide to buy an older car in poor condition at a reduced value if they are able to determine that it will make a profit after restoration.

Experts advise the consumer to visit multiple pawn shops to get different value estimates and offers.  Your chosen pawn shop set a rate of interest, which is generally between 30 percent and 60 percent based on the state’s usury laws.

If you cannot pay back the loan and the interest fees on time, the pawnshop will sell your item on auction.

Pawnbrokers and similar businesses provide a legitimate service to millions, but they could also fall prey to criminals who pawn stolen items to them. Pawn brokers must keep accurate listings of all  their inventories and documentation for easy references. Many states require pawn brokers to collect names, addresses and copies of licenses from the individuals who sell the items. This makes it easy for law-enforcement officers to track down thieves and recover stolen property or solve criminal case files using online database like leads online. (