Every year, 30 million Americans visit pawn shops when they need some extra money to make ends meet. As the premier pawn shop in Olathe, KS, we help the community turn valuables into cash when times are tough. Many times, however, people don’t realize they are missing out on opportunities to earn more money when pawning other items. See what people across the country pawn most often.
The most commonly pawned item in numerous states, including Kansas, is a gun. Men, by far, pawn guns the most, at 76 percent, vs. only 24 percent for women. On average, a gun fetches $223 when pawned, the third-highest average pawn behind a diamond ring and a MacBook Pro. Pawning guns is a safe way of transferring ownership of firearms you no longer want or need, which is why so many people bring these items to pawn shops.
As a whole, 30.1 percent of pawned items in this country are electronics, whereas only 2.5 percent are guns. Electronic items generate a tidy sum, such as the aforementioned MacBook Pro, as well as the Apple Watch, iPhone 6, TV, PlayStation 4, iPad and Xbox One. Places where electronics are pawned the most include Washington D.C. and Illinois. Research shows that overall, Apple products receive more cash when pawning than other electronic brands, especially when it comes to laptops, tablets and smartphones.
Antiques and Collectibles
This category makes up a large portion of the items pawned every year because it includes so many different items. From highly-coveted pop culture memorabilia to expertly handcrafted items from bygone eras, your home is probably filled with tons of antiques and collectibles that you aren’t fully appreciating or using. Whether they’re collecting dust or sitting in boxes, these items can earn you some easy money when pawned.
Tools and Equipment
Particularly for those who are liquidating assets from a company, pawning tools and equipment helps small business owners alleviate financial stress quickly. Get cash in hand for tools or equipment you no longer need and invest that money back into your enterprise or pay off debts.
Designer Wear and Handbags
When those stylish designer items go out of fashion, many people stop wearing them entirely. Instead of letting them take up precious space in the closet, people opt to pawn these high-quality fashion pieces instead. Of all the designer wear and handbags pawned in this country, 66 percent of it comes from women. Residents of states like Maryland and Texas pawn these items the most.
People pawn just about anything. Luxury watches are the most pawned items in states like California, Delaware, Louisiana and New York. Precious metals and stones are pawned in Nevada, Oregon and Washington. The top three items men pawn are guns, vehicles and tools and equipment, whereas women sell off jewelry, designer wear and handbags, and precious metals and stones.
Inspired to pawn items from your home? Visit Harrison Street Pawn, a reputable and trustworthy pawn shop in Olathe, KS. Our knowledgeable staff work with you so you receive the best price for your pawned items.