Pawn Shop Gilroy (2024)

FAQs

What is the most a pawn shop can give you? ›

Most pawn shops offer loan amounts of 25% to 60% of your collateral's value. Be aware that pawn shops have high APRs that can make them one of the most expensive options to borrow money. Pawn shops do not require credit checks.

It depends on your situation. If you want your item back, and can afford to pay back the interest, pawning may be a good option for you. But if you need cash in a hurry, and want the highest offer, selling is the way to go. If you're considering selling to a pawn shop, we caution you.

Maxferd's History and Legacy

Maxferd Jewelry & Loan is the oldest pawnshop in the United States, beginning its journey in 1884 as “Maxferd Loan Office” near Market Street in downtown San Francisco.

In general, you can expect to receive about half of your item's market value in your loan. However, this depends on the item. Items that are regularly pawned, yet don't have a lot of buyers will lower the offer price. In those cases, you will receive less than 50% of the market value.

A pawn store will generally offer more money if you're selling your item instead of pawning it. However, it does depend on a few factors. For instance, if you're selling an in-demand item, such as gold jewelry or a high-end watch, the pawnbroker is more likely to offer you a higher cash value.

Electronics

Typically, electronics have a good resale value (if gently used) and can get you the fast cash you need. If you're going through your house and looking for items to pawn, electronics are great items to consider.

Pawn stores usually pay the most for jewelry like diamonds and gold, timepieces, coins, vintage sneakers, designer purses, and handbags. However, every pawn shop can buy high-ticket items, including vehicles, real estate, and jewelry.

With a $16 Million net worth, Rick Harrison is the richest member of Pawn Stars. Does Rick still own Pawn Stars? Yes. Rick owns television and royalty rights to the Pawn Stars.

DON'T: Do not point out flaws in an item you want to purchase. This is just rude to the pawnbroker who spends their time assessing the value of the item and has years of experience doing it. Do you think you're better at pricing secondhand items than them? Perhaps not.

What is better than a pawn shop? ›

You are most likely to get the best value for the item you want to exchange at a buy-sell-trade store — rather than accepting a high-rate loan that doesn't match your item in value, you'll receive a fair and honest amount of money or the equivalent value in store credit.

When you bring in an item to sell or pawn for a loan, the pawnbroker will already have an idea of its market value or be able to determine its value with a quick check of his resources at hand – an appraiser, or online sites such as eBay, Craigslist, Amazon or UsedPrice.com.

The pawnbrokers' symbol is three golden balls suspended from a bar. The three-ball symbol may be indirectly attributed to the Medici family of Florence, Italy, owing to its symbolic meaning in heraldry. This refers to the Italian region of Lombardy, where pawn shop banking originated under the name of Lombard banking.

Rick Harrison is the owner of Golden Silver Pawn. in Las Vegas. He's also the star of the hit History Channel show. Pawn Stars.

1. Maurice Sendak Sketches. Price Deal: $250,000 In the episode "Can't Pawn Me Love" from Season 15, Rick Harrison acquired original Maurice Sendak sketches for Where the Wild Things Are. These unique sketches, never sold as reproductions, were estimated by an art expert to be worth $310,000.

Across the board, jewelry (authentic, real jewelry - not costume jewelry) generally yields the most amount of cash. This is because jewelry is made from precious metals, such as gold and platinum, and often incorporates diamonds and other precious gemstones. Jewelry also tends to hold its value over long periods.

Pawn shops might give you less than it's worth, probably between $250-$400. Maybe try selling it online for more. Win official PlayStation gift cards by playing games on Playbite!

Terms for a Pawnshop Loan

As far as how much a person can borrow against an item, pawnshops typically look to lend no more than 25% to 50% of the projected resale value of the item pledged as collateral.

1. Maurice Sendak Sketches. Price Deal: $250,000 In the episode "Can't Pawn Me Love" from Season 15, Rick Harrison acquired original Maurice Sendak sketches for Where the Wild Things Are. These unique sketches, never sold as reproductions, were estimated by an art expert to be worth $310,000.