You’ve probably heard that pawnshops are a good place to sell your items. However, you may also have heard that some types of items aren’t accepted in pawnshops.
7 Items You Cannot Pawn
Want to know if you can exchange your stuff for some quick cash? This list will give you insights into the items that may not be acceptable for pawning at pawnshops.
- Kitchen Stuff
You probably have a lot of kitchen stuff that you no longer use. You may believe that they are valuable enough to be pawned for cash, but most pawnshops won’t accept them. Many people simply want to get rid of their kitchen stuff, so pawn shops don’t want to buy any more from others.
Furthermore, these items may not be worth much because they are not in demand—unless they belong in an antique collection or museum. Household items like pots and pans and furniture are usually not worth much at resale because they tend to be used and worn down over time or require assembly and installation, making them harder to sell.
- Sentimental Items
Anything that has sentimental value to someone will not be accepted at a pawnshop. A wedding ring or other pieces of jewelry may have financial value, but if the person isn’t willing to part with it, no one else will buy it. Pawnshops don’t normally deal with sentimental items.
Items that have sentimental value don’t always have a high monetary value. Pawnshops want the resale value of an object to equal or exceed the amount of the loan they will give you. Full sets of fine china, for example, are typically hard to sell and only get a fraction of their original retail price at a pawnshop. These make them ineligible as collateral for a loan.
There are many items accepted by pawnshops, but sometimes, people want to pawn things that are very unlikely to be approved. For example, if you’re going to pawn your car to get a loan, you will have a tough time finding a shop willing to accept it.
Kitchen appliances are functional and practical, but they aren’t worth much money. For example, if a property is heavily damaged by fire or flood and needs to be redone entirely, contractors will have to rip out the old appliances for replacement because they have little resale value and are bulky.
- Suitcases and Luggage
Having a good suitcase can be useful when traveling for work or pleasure. Unfortunately, it doesn’t worth a lot even if it’s in excellent condition. What’s more, every time someone checks their bags at an airport baggage claim, there’s a chance that they can get lost or damaged. For this reason, most pawnshops won’t take suitcases—plus, they’re bulky.
- Stolen Items
It’s illegal to sell any stolen property at a pawnshop. If you bring them to a pawnshop and the shop owner suspects them of being stolen, they will call the police and give them the item’s serial number so that the pawnshop can run it in the system for checking.
You can’t pawn a firearm unless you have a permit to carry it. These permits are difficult to get, and many often get denied, so only those who know what they’re doing can pawn them.
Ensure You Only Pawn Accepted Items
If you’re planning on using a pawnshop as a source of additional income, make sure you understand what items are and aren’t accepted. It will save you a lot of time and money if you make this research part of your plan before going to your first shop.