How to Select a Reliable Pawn Shop

In addition to purchasing used items for great prices, pawn shops provide the opportunity to make quick cash or secure a loan. Whether you are pawning a valuable piece in exchange for a short-term loan or you want to sell jewelry, electronics, antiques, or other worthy items outright, it is important to understand that not all pawn shops are the same. Find one you can trust and use it as a reliable source of fast cash or loans whenever you need it.

How to Find a Trustworthy Pawn Shop

Research Current Market Prices

Research the current market prices on the items you wish to pawn or sell, so you have an idea of what your property is worth. Reputable pawn shops stay up-to-date on market prices and create fair and honest offers based on the condition and rarity of the item you are selling or pawning.

Read Reviews & Testimonials

Read as many reviews and testimonials about the pawn shop in question as you can. Consult social media and review sites, and ask friends and family about their experiences. You should learn about the level of customer service, whether the shop continually prices items below the market value, how knowledgeable the staff is, and anything else to do with the business’s reputation.

Ensure the Shop Is Licensed & Adheres to Federal Laws

Inquire whether the pawn shop is fully licensed and adheres to federal laws. Pawn shops must comply with the U.S. Patriot Act, the Truth in Lending Act, and the IRS Code. They must also have state and local licenses in addition to a pawnbroker’s license. Some feature general business licenses too.

For a reputable, reliable place to do business, visit Pawn America. Based in Burnsville, MN, has provided the region with highly personalized service for nearly 30 years. You’ll work with a dedicated and knowledgeable staff who will appraise items quickly and expertly to provide you with a great price. Call (952) 435-7296 or visit their website to learn more about the pawn shop. Like their Facebook page for additional tips and gift ideas.