Why You Should Avoid Selling Collectibles To Pawn Shops

Why You Should Avoid Selling Collectibles To Pawn Shops

Pawn shops serve a very specific purpose– to allow people to sell things they no longer want or need for fast cash.

While this might sound amazing for certain circumstances, it definitely shouldn’t be your automatic go-to place to sell collectibles for a number of reasons:

Pawn Shops Need To Resell Collectibles At A Profit FAST

Pawn shops are usually not flush with capital, and the only way they can make money is if they turn over inventory fast and at a profit. They usually resell items at a discount from face value, so in order to make that happen, they must buy your collectibles from you at an even more significantly discounted price. Their low offers can be a slap in the face to the unexpected seller, especially if you have a personal connection to the collectible.

Pawn Shops Don’t Specialize In Collectibles

Pawn shops don’t necessarily specialize in collectibles. This is a problem for a few reasons. First, if they are unsure at all of the intrinsic value of the collectible, they will err on the low side, which lowers your payout. Second, since their buyers may not be looking for collectibles, they need to keep their risk low in terms of it sitting on their shelves for a while, and they wouldn’t want to tie up cash on an item that isn’t moving, so they must lower your offer even more. And after all this, they still need to make a profit, so that lowers your offer again. After everything is said-and-done, pawn shops not typically being experts in the industry means less money for you.

Pawn Shops May Not Be Convenient

Even if you’re ok with receiving a very low offer on your collectibles, a pawn shop may not even be an option if there isn’t one close by. Depending on how close the nearest pawn shop is to you, you may decide the travel isn’t even worth it.

Sell Your Collectibles To Neatstuff Collectibles Instead

No need to worry, you don’t have to sacrifice a fast and easy transaction for a low offer. By selling to Neatstuff Collectibles, you will get both! We will even travel to you and make an all-cash offer on the spot if we like what we see.

Interested in seeing how much we’d offer for your collectibles? Give us a call at 800-326-7064 or fill out our seller inquiry form and we will get the process rolling!

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