If you have something to sell or want to do some shopping at a discounted price, a pawn shop is a place to go. It’s a unique business model, so those who have never done business with a place like Pawn America in Burnsville, MN, tend to have a lot of questions. Here, their team has shared answers to a few of the most frequent questions they hear about selling and buying with a pawn store.

Pawn Shop FAQs

Why Shop at a Pawn Store?

Pawn stores buy used merchandise and offer it for sale at a significant discount. You can find great deals at a pawn shop that you can’t find anywhere else, with items often selling at half the retail price. They also carry a wide selection of inventory, so you’ll still have plenty of options. You may even find something you can’t get at a department store, such as a piece of jewelry with unique history or an antique piece of furniture.

What Types of Things Can I Sell?

Pawnshops will buy a wide range of precious jewelry, including watches, gold, silver, and platinum. They will even buy old pieces that are broken or missing precious stones. Other precious metals such as silverware and coins can be sold to a pawn store. They also will buy items such as electronics, collectibles, sporting equipment, and antiques.

What Should I Expect When Selling?

When you sell any type of item to a pawn shop, you’ll need to bring identification with you. Valid Drivers License or Valid State ID. The staff at the shop can conduct jewelry appraisals and will give you an offer on your items. If you accept the offer, they will typically give you cash on the spot for the sale.

How Does Pawning Work?

If you need a loan, you can choose to pawn your items rather than sell them. Pawning allows you to provide your items as collateral for a loan to quickly and conveniently get some cash. Once you bring in your items and they assess them, they’ll offer you the amount they are willing to lend and when you are required to repay your loan. If you do not return to repay your loan, the only consequence is that they will keep your items to sell.

 If you’re ready for your first pawnshop experience, visit Pawn America. They have a reputation for dedicated and knowledgeable service that’s lasted for nearly 30 years in the community. Call them at (952) 435-7296 to ask any other questions about pawning or visit their website for more information.

 This post was written by our friends at Vivial for our Near Say page!