We Buy Used Jewelry

One of the easiest and most convenient ways to get extra money when you need it is to go to a pawn shop. Taking out a short-term loan or selling a valuable item can be done quickly in these small establishments. In fact, it’s often much easier to go to a pawn shop rather than a bank to get the quick cash you need.

If you have a watch lying around in your home that you are not using anymore, you may be able to use it to get a short-term loan or even sell it. Those who are new to transacting at the local pawn shop, however, may find it difficult to know where to begin. In this article, we’re here to help by providing you with an informative guide on selling or pawning a watch at a pawn shop.

Do Pawn Shops Accept Watches?

This is the first question that might cross your mind as you consider pawning or selling your watch to a pawn shop. The truth is that not all shops accept watches, and if the one in your locale does, it’s a good idea to check if there are only certain brands and types that they accept. The key is finding a reliable pawn shop that will be able to give you a fair deal for your watch.



Considerations to Think About Before Having Your Watch Pawned

1 - The Current Value of Your Watch

Pawn shops that do accept watches will look into the value of your watch. Most of the time, watches that are made from high-value materials such as gold and silver will be accepted. If you have a watch that is made out of real gold, the value of your watch will likely be high and therefore pawnable.

2 - The Future Value of Your Watch

In some instances, pawn shops will only accept the sale of a luxury watch and will not allow a pawning transaction to happen. This is because luxury watches such as Rolex or Patek Philippe tend to appreciate or increase in value over time. Selling it may not be the right choice, especially if you do not really need the extra funds at the moment.

3 - The Watch’s Brand

Not all watches are pawnable. However, if you have a luxury watch brand, you can go to your local pawn shop and have it appraised to find out how much your watch is actually worth. You will then be able to decide if pawning your watch is the right choice for you.

Conclusion

If you are ready to part with your watch and get a short-term loan in exchange for it, you are now aided with the information you need to pawn your watch. If you are still unsure if your watch will be accepted by a pawn shop, the best thing to do is to go and have your watch appraised. However, as mentioned above, you need to find a reliable pawn shop that will be able to give you a fair price.

If you are looking for a pawn shop that will always offer fair deals, come to River City Pawn Shop. We are a local Kentucky-based pawn shop that aims to provide services to the community. If you need a cash loan in Murray, KY, bring your watch in and let’s see what we can do for you.