Anyone ever pawn household items

@venshida (4839)
United States
June 6, 2008 3:57pm CST
I am in desperate need of money, and I am thinking about pawning my jewelry. What are the pitfalls of doing this? I really donot have any other options. I am just in serious financial problem.
6 responses
• United States
6 Jun 08
If only pawned a couple of things before and I found out that the pawn shop really don't like to give you a lot of money for your stuff. They have to resale the item so they try and buy it from you for cheap so they can resale it for more money. I would suggest trying to find a friend who might want your things because then you would get a little better of a deal. When I pawned two amps they only gave me $5 a piece.
@venshida (4839)
• United States
8 Jun 08
Its seems from everything I read here the payout from these pawn shop is not worth it. I guess its all about profit for them.
• United States
6 Jun 08
I have had to pawn things as well. They usually want to rip you off on what they give you for your stuff. I had a ring I had bought at a pawn shop like 10 years earlier for 500 dollars. I took it to a branch of the same pawn shop 10years later and he wanted to give me 25 dollars for it. He tried to tell me gold had went down. What ever lol. I only wanted 100.00 for it because it was a wedding ring from my ex husband that I had bought myself. I took it to another one and the guy gladly gave me 100.00 for it. What ever you take make sure that you will not be sorry you pawned it. So many times we pawn thinking we will get it out and then don't have the money to get it out. You can usually pay the interest on it to keep it in pawn a little longer. If it is things that you really don't mind losing on- line auctions might be the way to go because you can usually make more from them than a pawn shop. I hope everything works out for you and you get back on your feet.
1 person likes this
@venshida (4839)
• United States
8 Jun 08
Sounds like a ripoff to me, now way your jewelry would be worth $25.00. I did not want to sell them that's why I did not go the online route. I just want some money and hopefully I can obtain some cash later to get them back.
@EmmaLB (1)
6 Jun 08
I've been in that position before, and I'm approaching that place again. In the end I pawned ALL my jewelry, even my engagement ring. I sold cutlery, clothes, and anything I could find in my home on the internet. I deeply regretted it later, some of those things I'd never get back. But as they say, desperate times call for desperate measures. If you HAVE to pawn some of your belongings then it's understandable, but think whilst you're deciding on items to pawn. There'll be alot of things you'll miss and can't get back.
1 person likes this
@venshida (4839)
• United States
8 Jun 08
Sorry, you are going to have to face the same problem again. Times are tough, and they seem to be getting worse. I am hoping to retrieve my jewelry in 30 days. I love the pieces I have so I would be really hurt if I were to lose them.
@carolbee (16243)
• United States
7 Jun 08
I've never been inside a pawn shop so can't really give you any feedback about how it works. I do think you might be able to sell your jewelry at a higher profit if you sold it to someone you know or a friend of a friend type of situation. It's my understanding pawn shops won't actually give you what the items are worth. They have to make a profit. Have you tried posting or listing the jewelry on Craigslist or Backpage? You might be able to find someone in your area who would be interested. Good luck, carolbee
@venshida (4839)
• United States
8 Jun 08
I did not want to sell them that's why I was going the pawnshop route sort of a temporary loan.
@Emmaglet (78)
6 Jun 08
Honestly, they don't give you much money. I took a friend to pawn her items, and she took loads of DVDs, a computer, monitor, DVD player, mini fridge, printer and more and only got £30 ($60) for it all. You could try eBay, Gumtree or Craigslist. Good luck, I hope you manage to make the money you need.
@venshida (4839)
• United States
8 Jun 08
I still have my items I hoping I can wait until payday. I never heard of Gumtree will have to check that site out to see what's about. I love Ebay and Craigslist.
7 Jun 08
Sell it on ebay, you'll get a fairer price.