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Thursday, December 14 2023
What to Watch Out for if Purchasing a Musical Instrument From a Pawn Shop

 

Thinking about purchasing a musical instrument from a local ​pawnshop? At Cash Express, we have people coming in regularly seeking a good instrument at a reasonable price. When you shop, there are things to watch out for so you can make the best deal possible. 

 

  • Wear and tear: You want intact parts and functionality. Inspect the piece for signs of poor maintenance or damage. Cracks, dents, warps, sticking keys, dirt, grime, and loose strings can all prove problematic. They may require further maintenance outside the store to resolve. 

  • Rusting: If the instrument you’re considering has metal components (like woodwinds), inspect for signs of corrosion. Such parts reveal either poor maintenance or exposure to harsh (or damp) conditions and may affect the instrument's performance and longevity.

  • Branding: There are certain high-value instruments, so of course, you’ll come across counterfeit ones. See if the instrument has any history (proof of provenance) or a maker's mark. If you have a specific item in mind, research it beforehand. If you’re at the store and unsure, ask if you can bring in an expert for inspection.

  • Market Value: We have a gallery of products you can look at before coming to the store. Our pricing for instruments depends on the brand, age, rarity, and condition. You can compare prices online to see if you’re being offered a reasonable deal. If not, negotiate.

  • Smells: Nasty smells may indicate mold or mildew, either of which can damage an instrument. 

  • Store Returns: Does the pawnshop have a policy about returning something within a set amount of time should you discover a big problem? This protects you from having to spend large sums on repairs.

  • Legal Ownership: Ask for the original pawn ticket (or bill of sale). This proves the shop legally owns the piece, meaning it has the right to sell it.

  • Personal Assessment: Not all instruments are for all people. A violin, for example, may feel great for one player while someone else isn’t so thrilled. A lot of this is personal taste and an understanding of sound quality. Also, sound can indicate a problem, like buzzing.

Your evaluation is essential. If the piece needs considerable restoration, that’s a point for negotiation (what will you have to pay for repair after purchase?).

By the way, if you have any items you want to pawn (sell), you can use that value toward your purchase. Start there so you know how much you have in ready cash. 

About Cash Express

In the pawnshop industry, reputation matters. The positive feedback we consistently get from our customers is one of the reasons we’re the #1 pawnshop in the Philadelphia region. When you come to our shop, you can expect friendly, knowledgeable staff who are happy to answer your questions. More importantly, we strive for satisfaction. There is no hurry to jump into a purchase if you’re uncertain. 

There are three ways you can get in touch with us for further information:

Phone: (215) 922-1560

Email: info@pawnphiladelphia.com

Online Contact Form

Posted by: AT 04:24 pm   |  Permalink   |  Email
Sunday, November 26 2023
Tips for Buying a Used Smartphone at a Pawn Shop.

 

At Cash Express, one of the things we constantly purchase is Smartphones of all makes and models in good working condition. If you’re in the market for a more affordable device, we have nine tips to help you shop smart.

  1. Research: The phrase “know before you buy” comes to mind. Before visiting a pawn shop, research the model and specifications of the smartphone you intend to buy. This will help you identify any common issues or red flags associated with that particular model. While you’re at it, do some comparison pricing on both new and used models. 

  2. Inspect the Phone “Head to Toe”: Physically examine the smartphone for any visible damages or signs of wear and tear. Check the screen for scratches, test the buttons and ports, and inspect the overall condition of the device. It's also important to ask whether the phone is unlocked or locked to a specific carrier.

  3. Check the IMEI Number: Request the device's IMEI number (usually found in the phone's settings or by dialing *#06#) and verify it through a reliable online database. This will help you determine if the phone has been reported lost or stolen, which could present future issues. While it’s likely the pawnshop personnel did this before even buying the phone, not all places are trustworthy. 

  4. Does it Work?: Ask the pawn shop if you can test the smartphone's functionality before purchasing it. Check the camera, make a test call, connect to Wi-Fi, test the touchscreen responsiveness, and open various apps to ensure they work smoothly. If you notice anything awry, ask our experienced service people at Cash Express for help. We want you to walk away wholly content with your purchase. 

  5. Inquire About Warranty and Return Policy: Ask about any warranty or return policy offered by the pawnshop for used electronics. You may need it if you encounter any issues with the phone after the purchase. If it’s sold “as is,” take extra time to check the system out. 

  6. Negotiate: Don't be afraid to negotiate the price. Pawn shops are often willing to consider reasonable offers, so try to get the best deal possible based on the condition, age, and market value of the smartphone.

  7. Consider Additional Costs: Remember to factor in any additional costs when buying a used smartphone, such as accessories (charger, protective case), repairs (if needed), and potential unlocks or carrier switches. See what bells and whistles come with the phone presently that will ultimately save you money. 

  8. Obtain a Purchase Receipt: Request a purchase receipt or any documentation that verifies the transaction. This will serve as proof of purchase and can be useful for warranty purposes or if any issues arise later on.

  9. Reset the Device: After purchasing the used smartphone, reset it to factory settings to erase any existing data from the previous owner and start fresh.

Our inventory at Cash Express changes daily. Our gallery gives yo a peek at new items. However, to see our whole stock, make a visit to our Philadelphia, PA, store. Take your time and shop around. 

You can call beforehand (215) 922-1560, email: info@pawnphiladelphia.com, or use our online contact form for more information. 

Posted by: AT 04:21 pm   |  Permalink   |  Email
Thursday, November 09 2023
Pawn Shop Loans: How They Work and When They Make Sense

 

Pawn shop loans are a type of short-term secured loan where ​borrowers can use their personal possessions as collateral. Here's how ​pawn shops like Cash Express’ loans work and when they may make sense:

How it works: You’re stuck and need money quickly. If you want to secure a pawnshop loan, bring in an item of value, such as pottery, coins, watches, electronics, or jewelry, to the pawnshop. If you’re unsure what things the pawn shop may want, look at their online catalogs for inspiration. Or, call the store and ask about “hot ticket” items currently. 

Once you’ve picked out your collateral and arrived at the store, the ​pawnbroker (or a skilled professional employee) inspects the item, assessing its worth and offering a loan. The amount is based on a percentage of its value, typically around 25% to 60%. 

Expert tip: Avoid any items with strong emotional connections. If you lose that piece, you’ll regret it. 

You now have a choice to make. Do you accept the loan terms? If so, there is an immediate receipt of the cash and a pawn ticket, which is evidence of the loan. The loan period is typically 30 days, during which the borrower can repay the loan with interest and redeem their item. 

What happens if you cannot pay? The pawnbroker may sell the item. However, many store owners will reach out before then and try to work out new terms with you. You can also inquire, explaining the circumstances.

When They Make Sense: 

Pawn shop loans can be beneficial in certain situations:


a. No Credit Check: You don’t have to worry about a credit check or verification of income. There will be no impact on your credit score, which is perfect for people with poor credit or no credit history.

b. Quick Cash: Pawn shop loans provide immediate access to funds. If you need money urgently to cover unexpected expenses or short-term financial hardships, a pawn loan can offer a fast solution.

c. No Risk of Debt: Unlike traditional loans, pawn shop loans are collateral-based. If you cannot repay the loan, there is no direct impact on your credit score, and you won't accumulate additional debt since the collateral is used to secure the loan.

d. Negotiable Terms: Pawn shop loans often have more flexible terms than traditional loans. The loan amount, repayment period, and interest rates can often be negotiated with the pawnbroker.

The Downside

Considerations: While pawn shop loans can be helpful in certain situations, there are a few factors to consider:


a. Interest Rates and Fees: Pawn shop loans typically have higher interest rates and fees than traditional loans. Having said that, the interest is over a shorter time than most conventional loans.
b. Value of the Collateral: If you underestimate your collateral’s worth, you may receive a lower loan amount than expected. Do your research before heading to the store.
d. Limited Loan Amounts: The loan amount is typically a percentage of the item's appraised value, which may not provide sufficient funds for larger financial needs. You may need more than one item. 

Getting a Loan

Pawn shop loans, like those we offer at Cash Express, can be a viable option for those needing quick cash, especially if they have poor credit or require a short-term solution. You can call us at 215-922-1580 if you have any questions about how to proceed. You can also use our contact form to open discussions on particular items.  

Posted by: AT 04:15 pm   |  Permalink   |  Email
Thursday, October 26 2023
How to Spot Fake vs. Authentic Jewelry: Expert Tips for Pawn Shop Shoppers

 

Pawn shops are one of the best places to find authentic jewelry without breaking the bank; however, you need to ensure that you can tell the difference between fake and real jewelry so that you pay the right price for the right piece. 

Luckily, there are a few tips and tricks of the trade that you can use when shopping to assess whether or not the jewelry you found is real or fake! 

1. Research Average Pricing

The price tag on a piece of jewelry can tell you a lot about the quality. Of course, cheaper pieces are usually fake or plated, whereas more expensive pieces will often be the real deal. 

Sadly, if a price seems too good to be true, that’s probably because it is, and you’re looking at a fake piece of jewelry as opposed to a real one. 

Also, if you are searching for a specific piece, such as a gold chain or a diamond ring, it’s a good idea to do a bit of research ahead of time and find out how much a quality piece costs. That will help you determine which jewelry you see at the pawn shop is real and which is fake. 

2. Look for Hallmarks

A “hallmark” is an official stamp that marks a real gold or platinum piece of jewelry. Not all pieces have them, but they are fairly common, and if you do find one, you’ve likely found an authentic piece of gold jewelry. 

The hallmark is usually visible on the inner band of the ring or on the clasp of a bracelet or necklace; it will show a number from 1 to 999 or from 0k to 24k. 

3. Feel the Weight 

Real gold and silver jewelry is much heavier than fake pieces. In fact, an expert hand can even tell which pieces are simply gold-plated and which are pure gold throughout. 

To get used to the weight of the jewelry, try holding onto a piece you know is made completely of precious metals such as gold or silver and then holding one that is simply plated. You’ll be able to tell the difference in no time!

4. Assess the Coloring

It’s important to understand that real gold never tarnishes, even over long periods of time. It may be dirty or less brilliant, but real gold will never actually be discolored, and it would certainly never turn your skin green. 

A great way to assess jewelry in a shop is to bring a soft polishing cloth with you when you go; if you can gently rub off any dust or dirt, it is far more likely to be real. 

Here at Cash Express, our knowledgeable staff knows the difference between fake and authentic jewelry, so you don’t have to be an expert! We will show you which pieces in our collection are fake and, therefore, much cheaper and which are real, authentic gold, platinum, gemstone, or silver pieces that you’re going to love!

Posted by: AT 11:51 am   |  Permalink   |  Email
Monday, October 16 2023
How to Care for Your Vintage Jewelry

 

Whether you plan to hold on to your vintage jewelry until you leave it behind in your will to your loved ones or you’re thinking about someday selling it, it’s absolutely essential that you take care of your antique jewelry to keep it looking beautiful. 

Luckily, there are just 5 easy steps to follow to take fantastic care of your beloved vintage jewelry. 

1. Remove Any Dust With a Soft Brush

The first step is to use a soft brush to remove any dust particles. If you don’t have a soft brush on hand, you may want to invest in one, as jewelry-cleaning brushes must be exceptionally smooth. 

Even with the perfect brush, it’s still vital to remove the dust extremely gently so as not to scratch the jewelry. 

2. Choose the Right Cleaning Product

Next, you need to select the right cleaning product, and not all jewelry cleaners are made the same. The chemical composition of different metals means they need different types of solutions, so make sure you do your research first. 

Gold Jewelry

When it comes to antique gold jewelry, you need a cleaning solution that contains plenty of water and ammonia. However, while ammonia is necessary, it can also be dangerous. Therefore, it’s important not to leave the cleaning solution on too long. 

Because ammonia is so strong, we don’t recommend making your own solution, but instead, you should purchase an ammonia cleaning product specifically made for gold or platinum. 

Silver Jewelry

All silver vintage jewelry can and should be cleaned with a diluted baking soda solution. In this case, you can make your own at home; just make sure you follow instructions to ensure you use the proper measurements. 

Once you have the solution ready, be sure to apply it gently, as silver is not nearly as strong as gold or platinum. 

Jewelry with Gemstones

Cleaning antique jewelry with gemstones is slightly more complicated than working with gold or silver jewelry. 

For example, some gemstones, such as diamonds, sapphires, and rubies, are extremely strong and can handle an ammonia solution, whereas others cannot. 

Therefore, it’s important to research how to clean the specific gem you’re working with to keep it brilliant and safe. 

Vintage Pearls

If you have a set of vintage pearls, the best way to clean them is actually to wear them. Your skin's natural oils will ensure the pearls stay vibrant and beautiful. 

You can also use a soft cloth and a few drops of olive oil, but make sure to only rub them gently and infrequently. 

3. Use a Soft Cloth to Clean

Once you have the perfect cleaning solution ready for your vintage jewelry, it’s time to actually use it with a soft cloth. 

Apply a small amount of the solution directly to the cloth and rub the jewelry delicately until it shines clean. The cloth can be damp but certainly not wet. And if there are a few hard-to-reach places, you can use a Q-tip with a bit of water and a cleaning solution as well. 

4. Dry & Polish 

After your jewelry is sparkling clean, it’s time to use another soft cloth to dry the piece thoroughly. Any residual liquid could cause serious and lasting damage, as moisture is one of the worst things for antique jewelry. 

You can also take a little extra time to polish your jewelry with a special polishing cloth to make it shine even more. 

5. Store in a Dry Location & Repeat

Finally, it’s essentially that you store your vintage jewelry in a cool, dry location without moisture. You should also continue to clean your antique jewelry every few months to ensure it remains in the perfect condition for whatever it is you want to do with it. 

Now you have all the information you need to protect your new vintage jewelry from Cash Express Pawn Shop or to make sure the jewelry you have is clean and beautiful to be enjoyed or sold! 

Posted by: AT 11:48 am   |  Permalink   |  Email
Wednesday, September 27 2023
Spotting Valuables: How to Identify Items of Significant Worth in Pawn Shops

Pawn shops are a great place to find hidden treasures. But you can’t always be sure how much the items are worth- unless you do your research.

This article will tell you how to identify items of significant worth in pawn shops to ensure a rewarding shopping experience.

Look for Designer Names

A designer name is a telltale sign of an expensive item. Some designers are worth more than others. Research in advance so you are familiar with who is who.

Some designers have their names blatantly displayed on items. Other designers are more discreet. They may carve their names onto the bottom of their goods. Inspect carefully to get an idea of their value.

Ask for a Certificate of Authenticity

Designer names will give you an idea of how much an item is worth. But beware. Many manufacturers make knockoffs and try to pass them off as the real thing.

A certificate of authenticity will help you determine if an item is genuine. Original receipts have a similar purpose.

Know What Valuable Jewelry Looks Like

There are several ways you can tell if jewelry is valuable. Precious metals should be inscribed with hallmarks as follows: 

·  Gold will have a hallmark that represents its karat weight, such as 14K, 24K, etc.

·  Silver has a sterling or 925 hallmark

·  Platinum will be inscribed with the word platinum or ‘plat’

Precious gems also have specific characteristics that vary according to the stone. Stones set in precious metals are typically genuine.

Do Some Research to Learn About Valuable Timepieces and Antiques

The internet is an excellent resource for determining valuable goods—research to learn about discontinued models. Rarity often increases the value of an item.

You should also learn about iconic design and historically significant pieces. Look for unique characteristics that tell you what era the item is from. Older goods are generally more valuable.

Learn about different artists and manufacturers to determine which pieces are valuable. If you are interested in coins, look for mint marks, engravings, and historical context that can add to a coin’s worth.

Check the Condition

The condition of an item will affect its value. Inspect items closely to check for signs of damage. Old, rare items may be somewhat damaged. But if a piece is highly damaged, it may not be worth purchasing.

Electronics are Different

Pawn shop shoppers will generally look for older items that have gained value over the years. But electronics are an exception.

Newer electronic items tend to be more valuable. Ensure you are purchasing the latest electronics. Test them so you know they work.

Some electronic items have aged and gained vintage appeal. But, for the most part, it’s best to shop for newer electronics.

Philly Pawn Shop is a Great Destination for Valuable Items

Philly Pawn Shop specializes in high-end antiques, jewelry, and watches. We have a wide selection of valuable items at affordable prices. We provide friendly service. We are also a top destination for loans.

Contact us online or visit our shop to learn more about our terrific deals.

Posted by: AT 04:36 pm   |  Permalink   |  Email
Thursday, September 14 2023
From Pawn to Purchase: How to Buy Pawned Items with Confidence

 

Pawn shops are great places to find bargains. Many people have walked out of pawn shops with items they always dreamed of owning purchased at a fraction of the cost. Others bought goods that worked in the shop but stopped functioning days later.

When you buy at a pawn shop, you take a risk. But there are ways to get around those risks. This article will explain how to buy pawned items with confidence.

Look at Reviews

Most modern businesses have online reviews that indicate what type of service they offer. Pawn shops are no exception. If a pawn shop has mostly good reviews, they likely sell reputable items. If the pawn shop has negative reviews- stay away.

Ask for Documentation

Some pawn shop items collect documentation from sellers that reveal the item’s condition. For example, they may provide you with receipts or warranties that are still current. They may also offer certificates of authenticity for designer items so you can tell you’re not buying a knockoff.

If the pawn shop doesn’t have paperwork readily available, ask for it.

Try Out the Items

If you purchase an item with a specific function, try it out in advance. Plug-in electronic items to see if they work. Demo tools and musical instruments to make sure they do their job. 

Look at the Item Carefully 

Take your time looking at the item you are purchasing. Make sure it is not stained or damaged. The last thing you want to do is take it home and find out it’s not in good shape as advertised.

Ask for a Discount

Some pawn shops are known for overcharging their customers. But many are prepared to haggle. Try to get a lower price for the items you purchase. This strategy will ensure that you don’t overpay for pawnshop goods.

Ask About Return Policies 

Don’t assume that items you purchase at pawn shops are not returnable. Many pawn shops have return policies. But it’s essential to find out what the policy entails.

For example, some pawn shops only accept returns for recently purchased items. Others won’t refund items unless you have a receipt or the original packaging. Find out about the shop’s policy to ensure you get your money back if necessary.

Only Work with Licensed Pawn Shops

A pawn shop’s license means it must comply with federal and state laws. A licensed pawn shop will be less likely to rip you off. Most pawn shops will have their licenses hanging in their locations. They may also have their license numbers on their website. If you don’t see proof of a license, ask the shop for documentation.

Philly Pawn Shop Express Carries Items You Can Trust

Philly’s Pawn Shop Express is a business you can count on. We have a long history of serving our community. We are your go-to shop for high-end goods like jewelry, watches, and antiques. We offer service with a smile.

Come into our shop or visit us online to learn about our great deals.

Posted by: AT 04:33 pm   |  Permalink   |  Email
Monday, August 28 2023
Pawn Shop Myths Debunked: Separating Fact from Fiction

In the heart of Philadelphia, you walk past a store that's been the epicenter of countless whispers, old wives' tales, and misconceptions. A golden opportunity or a den of thieves? A place of financial relief or the last resort? 

The façade reads "Cash Express," your local, friendly pawn shop. Curiosity teases you, but hesitation restrains you. It's time to dispel the fog of myths and unveil the truth about pawn shops.

Myth 1: Pawn Shops Are Sketchy and Unsafe

Picture a pawn shop. Did your mind conjure up a dimly lit, grimy outpost teetering on the edge of the law? If so, you're not alone. However, this couldn't be further from the truth. Modern-day pawn shops like Cash Express have evolved to be well-lit, welcoming establishments that adhere to local and state laws.

They're run by professionals who prioritize customer service and safety. In fact, pawn shops are among the most regulated businesses, overseen by not only state and local laws but also federal statutes. This ensures they maintain a high standard of operation that secures the interest of customers.

Myth 2: Pawn Shops Are Havens for Stolen Goods

Hollywood crime dramas might have you believe that pawn shops are the go-to places for offloading stolen items. However, the reality is starkly different. The pawn industry operates within a strict legal framework.

Cash Express, like all reputable pawn shops, requires government-issued identification for all transactions. Every item pawned or sold is meticulously documented, with its description, serial number, and the seller's information reported to local law enforcement. 

This level of scrutiny discourages criminals from trying to pawn stolen goods and ensures pawn shops are upstanding members of the community.

Myth 3: Pawn Shops Are Anxious to Seize Your Items

One of the most enduring myths is that pawn shops are eager to possess your items. On the contrary, pawn shops make their living primarily from extending loans and collecting interest, not from selling forfeited items.

When customers pay back their loans with interest, the pawnbroker makes a profit, and the customer gets their item back—everyone wins. The aim is to help customers retrieve their items. This encourages repeat business, which is more valuable in the long run than selling off forfeited items.

Myth 4: Pawn Shops Undervalue Your Items

Another common misconception is that pawnbrokers will intentionally lowball your items' value. In reality, pawn shops, like Cash Express, rely on expert appraisers who evaluate items based on their current market value, condition, and resale potential.

Sure, a pawn shop has to offer a price that allows them to turn a profit, but they also have to ensure customers feel they're getting a fair deal. It's a balance that reputable pawn shops maintain to keep their doors open and customers satisfied.

Conclusion

Like any industry, pawn shops have their share of myths and misconceptions. By debunking these common myths, we hope to shed some light on the reality of pawnbroking, highlighting the invaluable service these establishments provide to many people.

So, why not experience it for yourself? Whether you need a quick loan or are looking for a unique item, feel free to walk through the doors of Cash Express at 731 Chestnut St., Philadelphia. Experience first-hand the truth behind the pawnbroking industry. 

And if you have any doubts or questions, just get in touch with us prior to coming in!

 

Posted by: AT 12:38 pm   |  Permalink   |  Email
Monday, August 14 2023
What You Need to Know Before Visiting a Pawn Shop: A Beginner's Guide

 

In the shimmering twilight of Philadelphia, you discover an heirloom gathering dust in your attic. You feel it could be your ticket to some much-needed cash. 

However, the world of pawn shops can seem daunting to a beginner, a labyrinthine market filled with antiques, precious metals, and diamond-encrusted wonders. 

Here, with Cash Express, your trusted pawn broker, we aim to guide you into the heart of this enthralling world, armed with knowledge and confidence.

1. Understand the Value of Your Item

This first step is fundamental. Research, appraisals, and consultations are integral in understanding your item's worth. The internet is your friend here. Auction sites, antique databases, and collectors' forums can offer insights into current market prices. 

Local appraisers provide a more hands-on, detailed analysis. This knowledge won't just aid you in negotiating a fair price; it will arm you with the confidence to step into the pawn shop, aware of the potential opportunities lying within your keepsake.

2. Pawn or Sell? Decide Ahead of Time

Pawn shops offer two distinct services: pawning and selling. Pawning means getting a loan with your item as collateral. You receive instant cash, and there's the possibility of reclaiming your item once you repay the loan. 

Selling, on the other hand, involves a direct trade of your item for money. Your needs should guide this decision. If your item has sentimental value or you believe its worth might increase over time, pawning could be the best route. 

But if you're seeking a larger immediate payout and aren't concerned about retrieving the item, selling outright might be your path.

3. Prepare Your Item

A bit of shine and sparkle can go a long way. Clean items command higher prices, as they present well to prospective buyers. Whether it's a piece of jewelry, a high-end watch, or an antique item, ensuring it's in the best possible condition can enhance its appeal. 

For delicate or older items, professional cleaning is advisable to prevent inadvertent damage. After all, first impressions count, and presenting your item at its best could significantly improve the final offer.

4. Expertise Matters

In the world of pawnbroking, expertise can make a significant difference in the value you get from your item. At Cash Express, our brokers specialize in a wide array of valuable items such as jewelry, watches, and high-end pieces. 

Our proficiency extends to antiques, diamonds, precious metals, and other expensive items. By choosing a pawn shop with relevant expertise, you ensure a fair and accurate assessment, securing a deal that mirrors the true worth of your item.

5. Negotiate

Engage with confidence in the art of negotiation. Armed with your research, present your case. Remember, your researched price isn't a final number, but a starting point. Flexibility can facilitate a more successful negotiation. 

Approach the discussion with an open mind, stay patient, and keep your end goal in sight. A well-negotiated deal is usually a win-win for both parties involved.

6. Understand the Terms

Before you seal the deal, grasp the terms thoroughly. If you're pawning, know the loan period, interest rates, and the retrieval process. There are federal regulations that have to be followed.

When selling, understand the shop's policies about unsold items. If anything seems unclear, ask. It's crucial you feel comfortable with all terms before you part with your precious item.

Visit Us Today

With this guide, you're now ready to navigate the fascinating world of pawnshops. From that dusty attic find to the welcoming smile at Cash Express, each step can bring you closer to unlocking hidden treasures. 

So, why wait? Visit us at Cash Express today at 731 Chestnut St. Our friendly and expert team is ready to guide you on this journey. Located in the heart of Philadelphia, we're proud to offer a seamless, rewarding experience in pawnbroking. 

Unlock the value of your valuables, and experience the thrill of turning hidden treasures into quick cash today. And if you have any questions before visiting, just reach out! 

Posted by: AT 12:34 pm   |  Permalink   |  Email
Friday, July 28 2023
Pawn Shop Etiquette: Dos and Don'ts for a Positive Experience

Every business has some underlying “do and don’t” structure. As the number one pawn broker in Philadelphia for Quick Cash. Cash Express sees people make mistakes all the time. Let’s face it, you won’t see a class on pawning in college. So, your best bet is to get some “inside” information. 

Some pawnshop etiquette is common sense, however. Primarily remember to be polite. Just because you’re in a pawnshop doesn’t mean it’s ‘seedy.’ Having an arrogant attitude or being combative won’t work here. In fact, it might get you kicked out. This advice applies to people who have come to buy or sell.

It is one thing to be firm and another altogether to come across as belligerent or disrespectful. Those negative attitudes impact your offer. Or, the shop owner may decide it’s not worth the frustration to go through the process, especially if it seems you won’t be happy no matter the outcome.

Helps and Hints for Pawning Items

When you bring an item to a pawnbroker, prepare yourself ahead of time. It is highly unlikely you will get full market value. Besides the fact that the shop needs to make a profit, there are other reasons the price may be less than expected. 

For example, you might have a high-end watch, but it needs repair. That repair impacts your offer, as it is figured into the equation. Then too, there may be noticeable wear, making the item a little harder to sell than a pretty shiny thing.

There may be some wiggle room, and it can’t hurt to try, remembering that most brokers hope to buy at half the retail value. But this exchange, too, should be civil. Remember, you can always decline and try your luck elsewhere.

Hop on the internet and take a look at items similar to yours. It will give you a feel for the average price of the item you hope to sell. Don’t be disappointed if you find your treasure isn’t quite the pot of gold you hoped. There are many “knock-off” products in the market, and yours may be one. 

Nonetheless, you will have some financial range in mind. Now, most pawn shops like Cash Express have appraisers on hand who have vast amounts of data from which they create an offer. If you feel it’s not fair, explain why. 

You are under no obligation to explain where you found the item or what you paid for it. The item may have far more (or less) value than the original purchase price. This is more a tactic than a note about ethics, but it’s a good approach. Besides, at the end of the day, it’s the broker’s job to determine values and offers. Once you have the first offer, haggle from there.

It is perfectly acceptable to realize the negotiation is not going to end where you hope. At this point, you can say, “I’m sorry, but I’m going to keep it for now.” Or, you can determine the lowest price you’ll accept. If that price is nowhere in the ballpark of the offer, save everyone some time and politely decline.

What are your options if you walk? Well, you can try an auction house. Or sell it on eBay. Perhaps in the end, you’ll hold on to it for another day.

The Cash Express Experience

Cash Express specializes in high-end pieces, precious metals and stones, jewelry, and watches. Our staff are approachable and helpful. Contact us today by calling 215-922-1560 or by using our online form.

 

Posted by: AT 03:37 pm   |  Permalink   |  Email

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Cash Express  • Philadelphia Pawn Shop

731 Chestnut St. Philadelphia, PA 19106 -  (215) 922-1560