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4 Tips For Selling or Pawning Antique Musical Instruments

May 18, 2021

Pawn Shops Buy & Sell Musical Instruments

Picking up and learning to play a musical instrument is a great hobby and skill to learn. However, as people grow, our love for playing seems to dwindle and just die down in time. That means those expensive instruments just lie around the house for years, untouched and collecting dust.


At River City Pawn, we believe you can get more out of your old musical instruments by pawning or selling them for cash, especially if they’re antique pieces. There are a few things you must first consider before you can sell used instruments. Here’s what you need to know before you can sell them.


Know if Your Instrument is an Antique

A well-crafted musical instrument made by a skilled craftsman can last for generations. That old piano your grandma gave you as a gift might well be a couple of decades old, if not more. This makes antique musical instruments quite valuable. Before you pawn your piece, you must first determine if it’s an antique. To do this, you should:


  • Check for a manufacturer’s mark or serial number
  • Google this number and mark to find out more information about it
  • Contact the company to see what they know about the instrument
  • Speak to a professional at your local music store


Finding out if your piece is an antique gives you a better idea of an accurate price point to sell. This way, you won’t be selling yourself short.


Take Your Instrument for an Appraisal

When selling used equipment, it’s not recommended to just go with your gut and come up with a random figure for the price. You need to arrive at an accurate price that would reflect the value of the antique you’re selling. In situations like this, asking the opinions of a professional is the best course of action.


Bring your instrument to a nearby music store or your local pawn shop in Henderson, KY, and have someone with experience and knowledge on antiques examine your instrument. However, please remember that appraisals do cost some money, so make sure you figure that to your final price.


Clean and Repair your Musical Instrument

This comes as no surprise. Your instrument has been lying around unused for quite some time, so it may need a little touch-up. Your appraiser will be able to tell you whether paying for such a service is worth the money or not. If it is, then you need to set aside some cash for the cleaning and repairs that need to be done on your instrument.


Do Your Own Research on Similar Instruments

After your instrument has been appraised, cleaned, repaired, and ready to be sold, you’ll have a pretty good idea of how much you’re going to be selling your equipment. However, there’s still one thing left to consider—the competition. Go online and look for other people who might be selling a similar instrument. Take note of the market rate for such a piece of equipment. Then, take both the appraised value and the market price to figure out the best and most fair price point for you, considering all the money you’ve invested in prepping the instrument.


Conclusion

All these steps are necessary if you want to properly sell your instrument and get a decent amount of profit. It may take some effort and money to pull it off, but it will all be worth it once you sell your antique instrument. The only thing that’s left is finding a decent enough buyer that will take the instrument off your hands.


Do you have something valuable that you wish to sell for cash? River City Pawn can help you make the most out of your items. We buy, sell, and pawn items of value and give our customers the best deals possible for some quick cash. Visit our pawn shop in Owensboro, Henderson, Madisonville, Leitchfield, Murray, and Princeton, KY, and get a good deal!


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