- \n
- EarnIn<\/strong><\/a>: Borrow up to $750 against an upcoming paycheck!<\/li>\n
- TurboDebt<\/a><\/strong>: Get fast debt relief assistance if you have $10,000+ in debt!<\/li>\n<\/ul>\n
What Is Pawning & How Does It Work?<\/strong><\/h2>\n
Pawning involves taking out a collateral-based loan from a pawn shop by giving them an item of value in exchange for a cash loan<\/strong>.<\/p>\n
In other words, when you pawn something, you're using it as collateral against the loan you're borrowing from the pawn shop.<\/p>\n
If you've ever watched shows like Pawn Stars, this concept should be pretty familiar. But the main point is you're using something of value that you own as collateral.<\/p>\n
![\"Pawn-Stars\"](\"https:\/\/www.webmonkey.com\/wp-content\/uploads\/2024\/02\/Pawn-Stars.jpg\")
<\/p>\nOnce you pawn something, the pawn shop holds onto that item until you finish repaying your loan.<\/p>\n
But, here are few other things you should know about pawning things for money<\/strong>:<\/p>\n
- \n
- Loan Value<\/strong>: The total loan you get is almost-always much lower than the actual value of your collateral. So, if you want to pawn something for $500 or more, that's going to be a pretty expensive item.<\/li>\n
- Pawn Ticket\/Proof<\/strong>: Pawn shops usually give you a ticket or some documentation that proves you're the owner of your collateral, so you need to hold onto this!<\/li>\n
- Repayment Terms<\/strong>: Different pawn shops might work a bit differently, but you generally have a few months to repay your loan, plus interest, in-full. If you don't repay your loan on time, the pawn shop keeps the item you're pawning to cover their loss.<\/li>\n
- Interest Rates<\/strong>: Pawn shops are actually very heavily regulated, and many states regulate the maximum interest they can charge on loans. But don't be surprised if you see pawn loans in the 10% to 20% range, which is quite steep.<\/li>\n<\/ul>\n
Pawn shop owners are also known for haggling, and you might have to provide proof of ownership if you're pawning something very valuable.<\/p>\n
Don't be alarmed by this, and the media has actually made pawn shops sound a lot shadier than they are in reality because of all the regulations surrounding the industry.<\/p>\n
Anyway, long story short, if you need to make money fast and don't want to take out a regular loan or find a new side hustle<\/a>, you can potentially find things to pawn for money instead.<\/p>\n
What Are The Best Things to Pawn?<\/strong><\/h2>\n
Pawn shops generally pawn the same sorts of goods because they want high-value items that are easy to store and are easy to resell if you default on your loan.<\/p>\n
Here is a list of the best things to pawn<\/a><\/strong>:<\/p>\n
- \n
- Electronics (like smartphones, headphones, TVs, tablets, and laptops)<\/li>\n
- Expensive tools<\/li>\n
- Expensive sports gear<\/li>\n
- Jewelry<\/li>\n
- Firearms<\/li>\n
- Antiques<\/li>\n
- Cars and motorcycles<\/li>\n
- Cards<\/li>\n
- Consoles<\/li>\n
- Gold, silver, and other precious metals<\/li>\n
- Diamonds<\/li>\n
- Designer clothing and handbags<\/li>\n
- Musical instruments<\/li>\n
- Coins<\/li>\n
- Watches<\/li>\n<\/ul>\n
These are amongst the most popular items that actually make you money when you pawn.<\/p>\n
Of course, how much you get can depend on the total value, age, damage, and a few other factors.<\/p>\n
What Can I Pawn for $500?<\/strong><\/h2>\n
If you need money in a pinch<\/a>, there are certain high-value items that can fetch a decent amount of money at a pawn shop.<\/p>\n
Here are several things to pawn for $500 you can consider.<\/p>\n
Collectibles<\/strong><\/h3>\n
Collectibles are a popular thing to pawn because they often have a large and active market of buyers, making it easy for the pawn shop to resell that item if you default.<\/p>\n
Here are a few collectibles that can pawn for $500<\/strong>:<\/p>\n
- \n
- Vinyl sets<\/li>\n
- Sports cards, especially for baseball, basketball, and hockey<\/li>\n
- Retro video games<\/li>\n
- Original edition board games<\/li>\n
- Vintage advertisements<\/li>\n
- Old comics<\/li>\n
- Dolls & toys like Beanie Babies or rare collectibles<\/li>\n
- Collections like rare coins, Pokemon cards, Magic cards, or Yugioh cards<\/li>\n<\/ul>\n
![\"Mercari-pokemon-cards\"](\"https:\/\/www.webmonkey.com\/wp-content\/uploads\/2024\/02\/Mercari-pokemon-cards.jpg\")
This is a rare Pokemon card being sold online.<\/figcaption><\/figure>\n Dig out that old closet and look for some of these items. They could make you money fast!<\/p>\n
Jewelry<\/strong><\/h3>\n
Another popular thing you can pawn for 500 dollars is jewelry. In fact, jewelry is one of the most\u00a0popular things to pawn since it's high-value, easy to store, and very easy to sell quickly.<\/p>\n
Check out some of these pieces of jewelry that pawn easily<\/strong>:<\/p>\n
- \n
- Rings<\/li>\n
- Necklaces<\/li>\n
- Wedding rings<\/li>\n
- Diamonds<\/li>\n
- Gold<\/li>\n
- High-End Watches<\/li>\n<\/ul>\n
Just note: don't be afraid to ask around at a few different pawn shops before accepting an offer, or to even get your jewelry appraised if you're pawning a collection.<\/p>\n
This is a general rule of thumb to keep in mind, but it's particularly important for jewelry since it's so easy to pawn (so you don't have to be desperate.)<\/p>\n
Also note that you can use online websites like Worthy<\/a><\/strong> to sell your diamonds and jewelry!<\/p>\n
Firearms<\/strong><\/h3>\n
Believe it or not, you can easily pawn firearms for $500 at a local pawn shop.<\/p>\n
Of course, this depends on the value of the firearm and its condition, but if it's an expensive model and not too old, you might be able to pawn it for $500, or a close amount.<\/p>\n
Designer Bags<\/strong><\/h3>\n
Some designer bags are worth thousands of dollars, and if you have one of these luxury pieces, you can definitely pawn it for money.<\/p>\n
![\"pawn-handbags\"](\"https:\/\/www.webmonkey.com\/wp-content\/uploads\/2024\/02\/bag-2661412_640.jpg\")
<\/p>\nPawning it for $500 might be a stretch unless it's very expensive, but some handbags are immensely pricey and are also easy to sell, so it's possible.<\/p>\n
Just make sure you can prove the authenticity of the bag since there are many fakes out there.<\/p>\n
\ud83d\udcb5\u00a0The Best $200 Instant Cash Advance Apps<\/strong><\/a>.<\/p>\n
What Can I Pawn For $20?<\/strong><\/h2>\n
Pawning stuff for 500 dollars is great if you need a decent amount of money fast.<\/p>\n
However, it\u00a0can\u00a0<\/em>be difficult to find things with enough value to pawn for this amount, and sometimes, you don't need that much money!<\/p>\n
But, there are lots of things you can pawn\u00a0for $20<\/strong>. Plus, a lot of them are easily accessible in your house!<\/p>\n
Power Tools<\/strong><\/h3>\n
Old power tools that you no longer need can pawn for $20 if they\u2019re still in working condition.<\/p>\n
Take a look at some of the power tools that sell<\/strong>:<\/p>\n
- \n
- Drills<\/li>\n
- Miter Saws<\/li>\n
- Sanders<\/li>\n
- Grinders<\/li>\n
- Other Rotary Tools<\/li>\n<\/ul>\n
Prices will likely vary depending on which tool you decide to sell. You might have a tool in your garage that pawns for even more.<\/p>\n
And, while pawn shops don't like this as much, you might be able to just sell your tools for $20 to $50 if you need some quick cash and don't mind parting ways.<\/p>\n
Extra Reading – How To Make $40 A Day<\/a><\/strong>.<\/p>\n
Old Video Games & Gaming Systems<\/strong><\/h3>\n
Video games that used to be popular back in the day can pawn for a nice amount if they're a bit of a collectable item these days.<\/p>\n
Old game cartridges are pretty hot right now and pawn shops are looking for them.<\/p>\n
![\"Nintendo-64\"](\"https:\/\/www.webmonkey.com\/wp-content\/uploads\/2024\/02\/video-game-console-2202594_640.jpg\")
<\/p>\nNew video games won't really pawn for $20 since they're worth about $60 at most in-store or online, so again, focus on the older classic or gaming systems like an Xbox or PS5.<\/p>\n
Electronic Accessories<\/strong><\/h3>\n
Accessories such as headphones, keyboards, speakers, used DVDs and DVD players, stereos, etc. are all popular items that you can pawn for $20.<\/p>\n
One item alone might be a bit under this price tag, but you can bundle a few together if the pawn shop is alright with that.<\/p>\n
You can also read my post on how to get free electronics<\/a> for some ideas to snag free tech and gadgets.<\/p>\n
Things to Pawn For $100<\/strong><\/h2>\n
If you need a bit more money and you're in a bind, this list of stuff to pawn for $100 is for you.<\/p>\n
Televisions<\/strong><\/h3>\n
If you have a flat screen TV that's relatively new and in good condition, there's a chance you can pawn it for $100 or slightly more.<\/p>\n
Older models aren't likely to pawn for this much since the value isn't high enough, and televisions are also a little bit tricky to store since they take up space.<\/p>\n
But again, if it's a decent model and size, you can probably pawn it for a quick hundred bucks.<\/p>\n
Laptops<\/strong><\/h3>\n
Laptops are another popular item to pawn, provided your laptop is in decent condition, doesn't have any major damage, and still runs smoothly.<\/p>\n
Apple MacBooks are particularly popular since they have a higher price tag and are very popular.<\/p>\n
Just note: you might get a bit low-balled on your laptop, but if it's a newer laptop and has a high MSRP, you should be able to pawn it for $100.<\/p>\n
- Pawn Ticket\/Proof<\/strong>: Pawn shops usually give you a ticket or some documentation that proves you're the owner of your collateral, so you need to hold onto this!<\/li>\n
- TurboDebt<\/a><\/strong>: Get fast debt relief assistance if you have $10,000+ in debt!<\/li>\n<\/ul>\n
![\"guitar-pawn-shop\"](\"https:\/\/www.webmonkey.com\/wp-content\/uploads\/2024\/02\/guitar-1245903_640.jpg\")
<\/p>\n![\"pawn-golf-clubs\"](\"https:\/\/www.webmonkey.com\/wp-content\/uploads\/2024\/02\/golf-1909115_640.jpg\")
<\/p>\n