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Saturday, July 27 2024
Tips for Pawning Designer Handbags

Is it time to clean out your designer handbag collection a bit? You can go to a pawnbroker like Cash Express for a fair return on your investment. 

Before you think about pawning your handbag, it helps to know the parameters with which you’re working.

  1. Authenticity. Any paperwork you have about your handbag, like original receipts or tags, adds to the value. Also, see if you have the box or bag. This is called provenance. You are illustrating the bag’s history. If you have accessories, all the better. 

  2. Brand: There are some high-end handbags that are classic, and rarely lose their value. The company, like Chanel, has a reputation for quality and desirability.

  3. Condition: The better condition your bag, the higher the value. Visible damage impacts the offer you receive considerably.

  4. Demand: In one day, out the next. The demand for your handbag at the time of sale affects the value. If a piece has a celebrity endorsement, appears in a high-profile collection, or just appeals to current trends, you are in luck!

  5. Equivalent Sales: At Cash Express, we check how much your designer handbag sold recently at auctions, consignment shops, etc. 

  6. Model and Style: There are certain releases from brands that have higher resale value than others, such as limited editions or iconic designs. 

  7. Rarity: Vintage doesn’t always equate to value. However, age does matter if the style has been discontinued. With age, you want to make every effort to preserve your handbag in good condition.

Desirable Handbags

While there are hundreds of designer handbags you could pawn, these are some of the ones that will fetch a pretty penny.

  • Balenciaga Classic City Bag

This city bag has an elegant simplicity. Lambskin exterior with cotton canvas interior, it matches nearly everything. The Balenciaga Classic City Bag appeared in 2001, became a celebrity impulse buy, and holds its place as a classic.

  • Chanel Medium Boy Flap Bag

This handbag appeals to individuals who dress formally. It offered seasonal changes, a strong design, leather ribbing, and Chanel’s diamond quilting. This is one of bags most often faked. The experts at Cash Express, especially those at Antiques by Ark can quickly determine if it’s authentic.

  • Chanel Medim Classic Flap

Coco Chanel created this bag in 1955 when it was known as 2.55. All flap bags in this line follow the same construction. Two words sum up the Classic Flap: timeless luxury. These bags typically increase in value because of their sophisticated details. 

  • Givenchy Small Antigona Bag

A small, stylish leather bag honors the Goddess Antigone whose name means “unbending.” The Antigona is strong and durable thanks to both quality materials and masterful craftsmanship.

  • Gucci Dionysus

A staple among designer handbags, the Gucci has timeless appeal. Features a double-tiger head closure and chic appeal. Endorsements flooded in from celebrities for this style.

  • Hermes Birkin

Enthusiasts love this bag. It’s elegant, classic, sophisticated, and made by skilled craftsmen. The limited availability of Hermes Birkin means it retains (or increases) its value.

Two other names suitable to this list include Louis Vuitton (Neverfull MM and Speedy 30) and the Prada Saffiano Tote.  

It’s Time to Shop or Sell!

Now comes the fun part. Shopping for a new bag or selling one to which you’re not particularly attached. Or maybe work out a swap. 

You can count on Cash Express in Philadelphia Pa for fair pricing, well-trained staff, and an overall pleasant experience.

There are three ways to contact us besides coming to our storefront:

Our online contact form t

Email: info@pawnphiladephia.com, or 

Call our office at 215-922-1560

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Cash Express  • Philadelphia Pawn Shop

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