What do you know about pawn shops? / myLot

United States

December 17, 2025 1:27pm CST

Can you tell me what you know about them? I’ve never set foot in one, and if I did pawn something I wouldn’t be trying to get it back. Have any of you ever used them?

13 people like this

12 responses

PLETHOS

@Plethos (13671)

• United States

12h

All pawn shops are different. Some are like Lil 2nd hand stores and some are like goodwill. Only difference is, you can sell or "layaway" your item(s) for a negotiated monetary contract.

2 people like this

Amber

@AmbiePam (108198)

• United States

12h

Okay, thank you for the information.

2 people like this

Amber

@AmbiePam (108198)

• United States

11h

@Plethos Yeah, I wasn’t even counting on 60%, although that would be nice. I was hoping 40% really. I don’t have the stomach to sell things, unfortunately.

2 people like this

PLETHOS

@Plethos (13671)

• United States

11h

@AmbiePam - FYI, if selling, you'll never get full value , most you can expect is 60%, unless it's something that is in demand by a client or will sell quick. Bartering is a skill.

2 people like this

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Nocturnal Writer

@Nakitakona (58517)

• Philippines

12h

I have no idea for I haven't tried it. My youngest daughter is used to pawn her jewelries to a pawnshop for she's short of money. And if she's unable to pay the principal amount' she just pay the interest.

2 people like this

Amber

@AmbiePam (108198)

• United States

12h

Thank you for that information.

2 people like this

Nocturnal Writer

@Nakitakona (58517)

• Philippines

11h

@AmbiePam That's alright.

2 people like this

snowy

@snowy22315 (200148)

• United States

13h

I think a lot of people do try to get their items back

2 people like this

Amber

@AmbiePam (108198)

• United States

13h

I just wanted to see if I could make a little money on things I don’t need or want.

2 people like this

MARILYN

@Marilynda1225 (87485)

• United States

12h

I don't know anything about pawn shops

2 people like this

The Horse

@TheHorse (233066)

• Walnut Creek, California

13h

I have never pawned anything.

2 people like this

Winterishere

@thedevilinme (4564)

• Northampton, England

10h

You hand over an item for an agreed amount of cash-in-hand. If you dont return the cash they keep it, or, if you are late paying, you then pay interest on the money you borrowed. If you return the cash inside the agreed time then no penalty. That's called pawning, or you can simply sell the item to them.

2 people like this

Amber

@AmbiePam (108198)

• United States

That’s what I always thought. I’ll never try to get anything back. But I just found out something I wanted to pawn was used because someone thought I wouldn’t mind. Well, normally, I wouldn’t, but it was brand new, and that would have helped greatly. And I really wanted to get a couple hundred from it even though retail it goes for $600. Obviously, full price would never happen, new or not. But $200 I really thought I might be able to do.

1 person likes this

rsa101

@rsa101 (40569)

• Philippines

I’ve never tried it either, so I’m not really sure what happens when something gets pawned. All I know is they’ll assess its value and decide how much they’re willing to take it as collateral for your loan, and if you don’t pay them back on time, they have the right to resell or possess ownership to it.