Search
Cart Preview
Categories
Jewelry & Watches
Home & Garden
Video Games & Consoles
Consumer Electronics
Sporting Goods
Musical Instruments & Gear
Computers/Tablets & Networking
- Laptops & Netbooks
- Tablets & eBook Readers
- Desktops & All-In-Ones
- Monitors, Projectors & Accs
- Drives, Storage & Blank Media
- Keyboards, Mice & Pointers
- Tablet & eBook Reader Accs
- Laptop & Desktop Accessories
- Printers, Scanners & Supplies
- Computer Components & Parts
- Home Networking & Connectivity
- Power Protection, Distribution
- Other Computers & Networking
- 3D Printers & Supplies
- Enterprise Networking, Servers
Business & Industrial
- Light Equipment & Tools
- Test, Measurement & Inspection
- CNC, Metalworking & Manufacturing
- Office
- Material Handling
- Retail & Services
- Heavy Equipment, Parts & Attachments
- Electrical Equipment & Supplies
- Hydraulics, Pneumatics, Pumps & Plumbing
- Adhesives, Sealants & Tapes
- Healthcare, Lab & Dental
- Facility Maintenance & Safety
- HVAC & Refrigeration
- Fasteners & Hardware
- Cleaning & Janitorial Supplies
- Other Business & Industrial
- Printing & Graphic Arts
Cameras & Photo
Coins & Paper Money
Collectibles
- Disneyana
- Non-Sport Trading Cards
- Knives, Swords & Blades
- Tools, Hardware & Locks
- Transportation
- Pinbacks, Bobbles, Lunchboxes
- Autographs
- Breweriana, Beer
- Pens & Writing Instruments
- Kitchen & Home
- Comic Books & Memorabilia
- Advertising
- Fantasy, Mythical & Magic
- Science Fiction & Horror
- Tobacciana
- Banks, Registers & Vending
- Decorative Collectibles
- Militaria
- Historical Memorabilia
- Vintage, Retro, Mid-Century
Cell Phones & Accessories
Toys & Hobbies
Sports Mem, Cards & Fan Shop
Movies & TV
Entertainment Memorabilia
Health & Beauty
Pet Supplies
Baby
Travel
Music
A Guide to Pawning and Selling at Pawn America
April 15th, 2021When in a financially difficult situation, you may consider pawning or selling your items. After all, both methods can help you get the money you need. But how can you know if you should sell or pawn your belongings?
To help answer this question, the experts from Pawn America, the leading pawn shops in Minnesota and Wisconsin, are happy to share their advice.
They outline both processes to help you decide which is best for your situation below.
Ownership
When you decide to sell an item, you forfeit your ownership of it in exchange for cash. Pawning, however, does not mean you lose ownership. When you pawn an item, you give your item to the broker as collateral for cash. If you pay the loan back before the timeline expires, you can retrieve your item.Time
In most cases, deciding to pawn an item results in an agreement between you and the broker. This agreement usually specifies the specific amount of time in which the pawn shop expects repayment. However, if you sell the item, you will not be bound by any time nor repayment constraints. It is also important to remember that you will pay interest on the loan, which will accumulate over time.Value
If you decide to pawn an item, you will likely receive less cash than what your item is worth. Selling, however, typically means you will receive a larger amount of money. Keep in mind, though, that even if you receive less cash to pawn an item, you will reclaim the item as soon as you repay the loan.
When residents of the surrounding areas of one of our Minnesota or Wisconsin stores want to sell or pawn an item, they turn to Pawn America.
Serving the community for more than 30 years, these pawn shops are committed to helping you receive the best value for your items. Whether you want to pawn jewelry, diamonds, electronics, or antiques, these professionals can help. To find out what you can get for your item(s) fill out the Get A Quote form on our website or call the store nearest you. https://www.pawnamerica.comBLOG
Related Articles
- Maximize Profits: Expert Guide to Selling a Gold Watch
- Maximize Your Profits: Expert Guide to Sell My Gold Chain
- Maximize Profits: Expert Guide to Selling My Gold Necklace
- Gold Bars for Sale: Your Ultimate Guide to Smart Investing
- Maximize Profits: Expert Guide to Selling Gold Bullion Bars in 2025
- Sign In
- Register
Sign In to Pawn America
Password Reset
Enter your email address and we’ll send you a link to reset your password.