How Much Do Pawn Shops Pay in 2023

Pawn shops pay cash for just about anything, but it comes at a price. The potential drawback is how much pawn shops pay you.

I recently sold several items to my local pawn shop, and wanted to share what percentage the pawn shop paid, and when to consider other options.

In my experience, pawn shops pay approximately 7-35% of the original retail price. For example, if you bought a power drill for $300, a pawn shop would typically offer between $21-$105 for the item.

How Much Do Pawn Shops Pay?

A few months ago, I decided to pawn my guitar, vintage radio, and KitchenAid mixer. The retail prices for these items totaled about $1,000, and the pawn shop originally offered me $125 for everything.

My Recent Pawn Shop Experience

The average pawn shop will sell DVDs between $2 to $20, with an average cost of $5. You may think that sounds good: but they pay far less than this when they buy them from people.

How Much Can You Pawn Dvds For?

Pawn shops determine value by analyzing prices of similar items that recently sold online, current precious metal prices (if you’re selling jewelry), and how quickly similar items sell in their store.

How Does a Pawn Shop Determine Value?

Most pawn shops also sell their inventory online. So they usually check sold listings on websites like eBay to know what items are selling for online.

Using Sold Listings

SWIPE UP TO READ MORE