When visiting one of our pawnshops with your potential collateral, here's what you can expect during the appraisal process:
One of our experienced pawnbrokers will visually examine your item, noting its general condition, brand, and the type of item. We may ask you questions about its history, ownership, and any relevant documentation (receipts, certificates) you may have available.
Depending on the type of item, our pawnbrokers will use specialized tools and techniques for further assessment. This might involve:
Jewelry: Gemstone testers, scales, and magnifying glasses to determine material purity, carat weight, and authenticity.
Electronics: Testing functionality, checking for damage, and verifying the model/brand.
Power tools: Examining for wear and tear, testing functionality, and assessing brand/model value.
Other items: Similar evaluation methods based on the specific item category.
Our pawnbrokers use online databases, reference guides, and their own expertise to determine the current market value of similar items. We consider factors like brand, condition, demand, and recent sales trends.
Based on their appraisal and market research, our pawnbrokers will offer you a loan amount for your item. You are free to accept or decline the offer.
If you accept the offer, you'll sign a pawn ticket outlining the terms of the loan, including interest rate, repayment period, potential loan extension and fees.
As your pawnbroker, we will hold your item as collateral until you repay the loan plus interest.
Request your free appraisal today!