From Yahoo Finance: 2025-05-01 18:05:00

Pawnshops are a popular way to make quick cash by selling items. Items like jewelry, electronics, and collectibles can fetch a good price. However, interest rates can be high, ranging from 12% to over 240% APR. If you can’t repay, you forfeit the item, but it won’t affect your credit score.

Pawnshops offer loans ranging from 25% to 60% of an item’s value, making it a quick way to get cash. However, if you don’t repay, the shop can sell your item. Some valuable items to pawn include gold, jewelry, high-end electronics, and collectibles, which can fetch a good price.

Knowing what items are in demand and negotiating prices can help you get the best deal at a pawnshop. Items like precious metals, high-end electronics, and valuable collectibles are always sought-after. Researching the value of your items before pawning them can help you get the best offer.

Read more: 7 Best Things To Pawn for Extra Cash