Whether you are looking to buy things for cheap or sell them for cash, you may want to start spending a little more time at your local pawn shops. That being said, you may want to be careful with what you buy and sell at these shops. While you may be able to get a great deal, you may want to steer clear of a few items in both the buying and selling categories.
Things To Buy: Pawn shops are a great place to buy interesting items. For example, many antiques and collectibles may be available which you would never be able to find anywhere else. Novelty items such as sports equipment and gaming systems can also be found for cheap. Precious metals can also be bought for a fairly good price, though you should be careful that you do not pay too much.
Things To Avoid Buying: Sometimes buying a pawned firearm can be a dangerous business. You don't know what the gun has been used for, if it has been cleaned regularly, or if it shoots well. Before you buy anything at a pawn shop, you should ponder why someone would have sold it. Buying a firearm can be risky because it could have been involved in a crime.
Things To Sell: Many pawn shops will pay a fair market price for any gold or jewelry that you may have lying around your house. This can be a great way to turn dusty paperweights into cash. If you are looking to get rid of electronics such as tablets, phones, or gaming consoles, you can usually get a fair price as long as you bring all of the cords and manuals that go with them. Power tools can also be sold quite easily since they are often bought quickly.
Things To Avoid Selling: If you have something that you are trying to get top dollar for, you may be better off just selling it yourself. Pawn shops are a great way to get quick cash, but they may not be the most lucrative way to sell valuables. Be careful with selling antiques and seemingly worthless items without getting them appraised by yourself.
Whatever you are trying to get money for, you may want to consider just selling it right off instead of getting a loan from a pawn shop, as these loans usually carry a lot of interest.
In summary, pawn shops can be a great place to turn for a deal.