One of the fastest ways to make quick cash is to sell or pawn an item at a Pawn Shop. Many people aren’t sure if they should sell or pawn their items.

Both options are great, but each has its pros and cons depending on your circumstances. We’ll be discussing the differences between selling an item and pawning it so that you can make an educated decision about which option is best for you.

What Items Can You Sell or Pawn?

Make sure you check with a pawn shop before you go. Most pawnshops won’t take anything that clients want to sell or pawn.

Jewelry pawnshops Seattle accepts the following items-

  • Jewelry (including broken jewelry)
  • Fine watches
  • Precious metals, coins
  • Loose diamonds, precious gemstones
  • Equipment and DSLR cameras of high quality
  • Apple products
  • Computers and laptops
  • Instruments for music
  • Certain collectibles
  • Handbags of luxury
  • Art

Once you’ve determined that a pawnshop should be interested in your offer, you can decide whether you want to sell the item or pawn it.

When Should A Item Be Sold?

It is a good idea to dispose of an item you don’t need or desire and make more money.

A person will usually sell an item for either of these reasons:

  • They need the cash to pay for things, and they are in short supply.
  • They WANT the cash. They want to purchase more fun things with the money. They might also decide to invest or repay debt.

There are pros and cons to selling your item at a pawnshop:

Pros Of Selling To A Pawn Shop

  • Cash fast – You can walk into a Pawn Shop and walk out with cash in hand.
  • You can save time and money by selling your item on an online platform such as eBay. You may not find a buyer immediately. There is no guarantee you will get a better deal, at least not in the short term.

Considerations Of Selling To A Pawn Shop

  • Sometimes you may not get the price that you want. Pawnshops need to make money. They must resell items often left on their shelves for several months before finding a buyer.

When Should an Item Be Paid?

You don’t want your valuables to be taken away so you can use them as collateral for a pawn lender.

Two reasons are common for people to pawn their valuables:

  1. They are in dire need of cash. They must pay for something, and they have no money.
  2. They anticipate being able to repay the loan. Once the loan is paid off, they can take possession of any valuables that they used as collateral.

Here are the pros and cons of selling your valuables to a Pawn Shop:

Pros Of Pawning An Item

  • A quick and simple way to obtain a loan. Getting a collateral loan at a pawn shop is easy. It can usually be completed in a matter of minutes.
  • There is no credit check required. It doesn’t matter if you have good or bad credit. The collateral value is more important than your income and credit history. Pawnshops won’t approve loans based on income.
  • If the loan is not paid back, it won’t affect your credit score. Pawnshops do not report late or non-payment to credit bureaus. Even if you fail to repay a loan, you may be eligible for a collateral loan.
  • Flexible compared to getting loans from banks – Banks will not normally lend collateral loans against your home or car. Pawnshops will accept valuables like jewelry, laptops, and luxury handbags.

Millions of people are either “underbanked” (or “unbanked”) Either they don’t have one, or they have one but use other financial services. They can use pawn shops to manage their short-term cash requirements.


Some people believe it is better to sell an item than pawn it. Some people believe the exact opposite. There is no universal rule about whether you make more money by selling or pawning your valuables.

As we have already mentioned, your circumstances and needs will determine whether or not you sell or pawn an item.

It is a good idea to dispose of an item you don’t need or desire and make more money.

You don’t want your valuables to be taken away so you can use them as collateral for a pawn lender.