Pawn shops are a fantastic way to generate some much-needed cash for short periods of time. If you hold a number of high-value items to use as collateral then you can very quickly access the money you need. However, if you are new to the world of pawnbroking, then it can often be confusing trying to work out what you are actually able to pawn. So to help you out, here are 10 luxury items you can pawn at a pawn shop.
1. Fine watches
There are a wide variety of fine watches that you can pawn, and more valuable ones are from recognised luxury manufacturers such as Rolex, Audemars Piguet, Cartier and Patek Philippe.
Seeking loans against luxury jewellery is very common, and you can pawn all different sorts. Pawnbrokers are usually happy to appraise new and old pieces and will look into each gemstone or diamond one-by-one.
3. Luxury cars
Luxury cars are a great asset to hold and can fetch a large sum of money as collateral on short-term loans. Porsche, Bentley, Rolls Royce and Aston Martin are amongst some of the best luxury cars to be pawned.
4. Loose diamonds and gems
Expertly trained and experienced pawnbrokers, such as ours, know the ins and outs of valuing diamonds and other gemstones. If you hold any certificates of quality, then it is worth taking them with you to get valued as they can greatly increase the amount offered.
5. Fine art
Collectors of fine art may be pleased to know that you can easily pawn a number of good quality pieces. However, you are best going to a qualified brokerage who has the experience necessary to know how to properly value your art.
6. Antiques and collectibles
Again, you should be sure to take along any provenance you hold regarding your antiques and collectibles. This makes it much easier for the pawnbrokers to guarantee their worth and loan you a large sum.
7. Fine wines
Nowadays, it is possible to pawn fine wines as a means to raise cash. Pawnbrokers are accustomed to lending against a whole range of contemporary and vintage wines, such as Margaux, Penfolds Grange, and Rothschild.
8. Designer accessories and clothing
Certain designer handbags and other accessories are known to be quite good at holding their value over time. As such, you should be able to pawn them at many brokers who are experienced in handling such items.
Gold has long been a luxury item that you can pawn. Many collectors may hold gold in its purest bar form; however, having gold jewellery, as discussed earlier, is equally as easy to pawn.
10. Sports and entertainment awards
Being situated in the Los Angeles area, our pawn shop is accustomed to such items coming by, and they are worth a large sum if you have any. They are very unique items, but you should be able to pawn many prestigious awards from an Emmy through to Super Bowl rings.
Here at Beverly Hills Pawnbroking and Lending, we are specialised pawnbrokers with more than 25 years spent pawning all of the luxury products mentioned above. We are situated in the heart of Beverly Hills and have successfully built up a good-quality reputation in Los Angeles as one of the finest pawnbrokers around. If you are interested in pawning any luxury items, then we would be happy to offer you a free quotation. We do have an open door policy but recommend you call ahead to book a one-on-one appointment. To do just that, or to ask any other questions you may have, simply contact our team here.