Nearby pawn shops open, for many Americans, acts as a rainy day fund. In these tough times, when credit card debt is high and the economy is shaky, some people turn to a pawnshop for a short-term loan secured by their merchandise. In the past two years, pawnshops have seen record sales of merchandise and an increase in loans and other short-term borrowing, according to reports from the nation’s largest publicly traded pawnshop corporations – FirstCash Holdings Inc and EZCORP Inc, which between them operate more than 1,700 pawnshops nationwide.
Nearby Pawn Shops Open: Convenient Options for Fast Cash
There are a few things you should keep in mind before taking your items to a pawn shop. Jewelry is one of the most popular items to sell at a pawn shop, and while pearls are usually low-revenue items (it takes a pearl expert to determine whether or not a pearl is real), other types of jewelry such as gold rings, watches, necklaces, bracelets, and earrings can make good money for you. Musical instruments also have great resale value, and if you have a guitar lying around, bring it to the pawn shop for some quick cash.
New York’s pawnshops are known for making fair offers for an array of merchandise, from rare coins to rare musical instruments and even antiques. Customers have praised 24 Hours Pawn Shop in Manhattan for “explaining the pawn process thoroughly and easily” and offering “fair prices for everything we brought to them.” Meanwhile, EZ Pawn Corp has been voted the best pawn shop in Manhattan, and it promises transparent transactions and fair prices for items like collectible memorabilia, jewelry, electronics and musical instruments.
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