Going green means focusing on eco-friendly shopping. So how does a Philadelphia, PA, Pawn Shop like Cash Express fit into this picture? Here’s the good news. Buying from a pawn shop is a smart choice because the goods are being reused and repurposed!

Everything Old is New Again

People have relied on barter and trade for goods they want or need for thousands of years. The history of pawning ties into this tradition, dating back some 3,000 years! In lieu of money, people brought what they weren’t using to upgrade their goods or perhaps get something different altogether.

Individuals might also get loans on their items to cover a pressing financial matter. In either case, using pawn shops both then and now extends the life of pre-owned goods, decreases the environmental footprint from making new goods, and supports small local businesses. There’s always the opportunity to find exceptional antique pieces with workmanship you won’t find in mass-produced items. What a great way to keep history alive!

Trash to Treasure

You probably have things lying around your home that you haven’t used in months or years. It’s just “stuff” taking up space. Rather than throw them out and have them end up in a landfill, make the smart choice and take them to a pawn shop. Your living space won’t be so cluttered, and you can come home with something far more timely and usable or handy cash!

Sustainability

Pawn shops contribute to sustainability for many items, clothing in particular. Retail can come with a hefty price tag. Resale items can be easier on the budget. Because stores like Cash Express carry a wide variety of goods, you can find unexpected things that you might have never considered until you see them. 

The Local Impact

Buying from a Philadelphia, PA, pawn shop is not only a smart choice environmentally, but it’s good for your local economy. Beyond helping the pawnbroker, people can use high-end possessions to raise collateral for a start-up company. The loan could also go toward other necessities to make that company successful, such as patents, trademarks, and expansions. And the best part? Traditional loans can take a long time to close. At a pawn shop, you can be done that day!

What Cash Express Offers

From the minute you walk into our store, our trained staff will greet you and answer any questions you may have. We have professional appraisers who can value your goods right away. You can take out a loan against that valuation or sell things outright. 

Just be aware that the retail cost of your goods won’t reflect the offer you get at the store. We have to make some money from the exchange. You are under no obligation to accept a presented offer. 

If you want to stick to the green theme, instead of driving down to our store, why not call us ahead of time to see what we are buying (215-922-1560)? You can also email info@pawnphiladelphia.com or use our online form. Become part of eco-friendly shopping and environmental sustainability by shopping with us. 

When you have a few things to sell, how do you choose? There are differences between a Philadelphia pawn shop vs. online marketplaces. The key to where to sell your valuables lies in your goal. If you want fast cash, like we offer at Cash Express, going to a local pawn shop is the way to go. If you don’t mind working a lot harder to find a buyer, but potentially make a little more money, then you have the online marketplaces. 

Tip: It’s worth noting that while relatively new, some pawn shops have gone to a hybrid model, with both online and in-person buying and selling. 

A Closer Look at Online Marketplaces 

Being able to remain in the comfort of your home while selling valuables has an appeal. You set your price and handle all the negotiations. Even in the post-Covid environment, there are several online platforms for buying and selling goods. Two examples are Craig’s List, which has been around for over 30 years, and the Facebook Marketplace launched in 2016. Mailing also presents risks, so consider getting tracking and insurance. 

The Online Marketplace Unknown Factor

There is some “stranger danger” on the internet, however. You never know for certain with whom you are dealing. If you offer the option for “pick up,” anyone could come to your door and you may not be happy with the results. Let’s take the example of someone buying your item “cash and carry”. When they arrive, they may have far less money in hand than discussed (hoping, of course, you’ll be tempted to take it happily). This is a waste of your time when serious buyers remain waiting for contact. It’s easy to lose buyers this way. They go elsewhere looking for what they want. 

Our Philadelphia Pawn Shop, PA: A Closer Look

Pawn shops are nothing new. They’ve been around for thousands of years, during which the process of pawning hasn’t really changed much. We serve the local community while you have the chance to meet your buyer in a regulated environment.

Stores like Cash Express have onsite professionals who can assess the value of your goods, like jewelry, right away.

No Hassle Selling

The city of Philadelphia, PA, has specific regulations for pawn shops, including requiring licensure and insurance. There’s no hassle in selling your goods, and we provide you with a fair offer. And you don’t always have to sell your possessions outright. You can choose the alternative of a short-term loan that gets you over a financial hump. You can walk in and be out on the same day with your cash.

Understand in advance you won’t get full market value for your item(s). If what you have isn’t in high demand, they may decide against buying or loaning. So, if you’re not sure, you can call the shop ahead of time (215-922-1560). 

The more desirable the goods, the greatr your percentage becomes. And, you have the right to haggle, or just say no. Unlike online marketplaces, you don’t have to ship your item to the pawn shop!

At Cash Express, we’re always on the lookout for unique items, like antiques. Precious metals and boutique items like diamonds, designer bags,  and high-end watches are also in demand. If you’d like more information, you can use our online contact form or email info@pawnphiladephia.com. Better still, come and see us. Our showroom is located at 731 Chestnut St., Philadelphia, PA 19106.

When you hear the word “pawnshop,” what comes to mind? Pawn shop myths taint the image of how pawning works, leading to understandable skepticism. We at Cash Express want to debunk those myths and give you a better understanding of the industry. Why? Because pawning is a viable financial option for you whether you’re buying, selling, or pawning.

The stereotypes and misconceptions regarding pawn shops often hold people back. But you can’t ask for a better place to get fast cash without a credit check. These stores are also great places to shop for a spectacular item at an affordable price. Let’s take a closer look.

Valuation: 

Some people think pawn shops undervalue goods so that they can give you less money. A reputable pawn shop will never do that. Many have on-site appraisers to clarify valuations. You won’t get the retail price because the shop needs to make money. At the same time, fair valuations keep a store competitive.

What goes into a valuation? Your item receives a checkup of sorts. The professionals look for accurate prices based on sales data, item condition, demand, brand, and provenance. Provenance is most important with high-end items like art and jewelry. It proves where each piece originates, the age of the item, and sometimes other historical information (like who owned it), all of which impact value. Thorough evaluation means you will get a fair price when you pawn an item, sell it outright, or go looking for a special gift. 

Reasons for Pawning: 

There’s this idea that people only pawn something when they are desperate. Certainly, there are emergencies when folks need to obtain money quickly, but other reasons exist for utilizing a pawn shop’s services. One is the quick turnaround. Conventional loans can take weeks (or longer) before you get any money. Another reason is it helps people with poor credit. Every credit check impacts a person’s credit score. If you’re already struggling, that’s the last thing you need. Here at Cash Express, no credit check is necessary. 

Retrieving your Goods: 

Myth says it’s difficult to retrieve your goods from a pawn shop. This is total bunk. When you pawn something, it’s well-documented. You will have a clearly defined loan duration and a schedule at which you must repay the loan. So long as you follow those rules, you get your goods back seamlessly. NOTE: Keep that pawn ticket in a safe spot! If you’re getting close to the end of the loan duration and still don’t have enough for retrieval, ask about an extension. Most shops are happy to work with you.

About Cash Express

What you really need to know about Cash Express is that we are the number one pawnbroker in Philadelphia for obtaining quick cash. If you look at our gallery, you can see the diversification in our inventory. We particularly seek precious metals, gems, antiques, and designer watches. But not everything here is fancy. We also have tools, musical instruments, handbags, and electronics among other things. 

It is worth giving us a call before you come to the store to see if we’re interested in your item. Our office number is 215-022-1560. You can also use our online contact form or email us info@pawnphiladephia.com for more detailed information.

If you are new to pawning, you may have questions about how pawnshops work and how best to protect your valuables. At Cash Express, we encourage people to learn about the process beforehand. We believe in documenting and protecting your valuables with due diligence, as should any shop you use to pawn personal items.

8 Tips to Protect Your Pawned Items and Initiate Safe Transactions

You want to pawn an item or two for temporary quick cash. How can you know for sure those items will be protected? After all, you want your goods returned in the same condition as when you first pawned them. 

Step One: Documentation. Take a picture of your item(s). Write down a description, brand, model, purchase dates, serial numbers, or any other identifying factors. Keep this in a safe place.

Step Two: Package it. Create secure packaging that protects your item(s) in handling and transportation but still allows for an appraisal inspection. Make sure you present your items in good condition (clean)

Step Three: Research potential pawn shops. You want someone nearby with a solid reputation on which you can depend. Whether you’re pawning tools or antiques, trust is a huge factor in this business. Talk to shop owners and staff. How do they treat you? Do you know anyone who has utilized their services? Do they have online reviews or references? Don’t skimp on your background check.

Step Four: Inquire about security. What systems does the shop have in place to protect its assets? Where will your item(s) be stored until you retrieve them?

Step Five: Ask about storage conditions. You don’t want electronics, for example, sitting in a damp warehouse. Climate control is essential for sensitive goods. 

Step Six: Consider insurance. Many shops offer this as an extra safety net. Go over all the terms before agreeing to the program.

Step Seven: Communicate. Don’t hesitate to ask questions if you feel unclear about any part of the pawn agreement. If you feel you cannot retrieve your item by the designated date, discuss an extension.

Step Eight: Learn about any local regulations that could impact your transaction. For example, if you are outright selling, the store often has a waiting period before they can put it out on the floor. First, the items have to be reported to law enforcement. Sometimes, items turn up as stolen. Laws like this improve the safety of pawning. 

MOST IMPORTANTLY: Keep your pawn ticket in a safe location. Without this, you cannot retrieve your goods. 

Pawning Realities

Certain items, like jewelry, can have a high retail value. However, don’t expect to get that price for your goods. The shop, should they have to sell it, has to make a profit. Think about this ahead of time. Make sure what you’re pawning meets your current financial needs.

Cash Express

When you need quick cash, Cash Express is your number-one go-to pawnbroker in Philadelphia, PA. We pawn various goods but specialize in precious metals, gems, coins, watches, and other high-end pieces.

It’s worth calling us before you bring in your items (s) to make sure it’s something for which we’re looking. That number is 215-922-1560. Alternatively, email info@pawnphiladephia.com, or use our online contact form. Ask questions, and our experts will happily help you further.

You want a considerable return when you go to a pawn shop to sell or loan an item. Your chances of a high valuation increase when you sell desirable items. This article will review popular items to pawn, ensuring you have a successful outing.

The 10 Most Popular Items to Pawn

1.    Jewelry

Jewelry with precious metals and real gems is ideal for pawning. Gold, silver, platinum, and gemstones increase in value over time, ensuring a generous return on your investments.

2.    Other Precious Metals

You can also see returns on precious metals by selling coins, bullion, bars, and damaged jewelry. The purer the metal, the greater your return will be.

3.    Electronics

Many people seek out secondhand electronics to save money. However, pawn shops tend to be choosy about the electronics they accept. Generally, they will only purchase newer or vintage electronic items.

4.    Firearms

Firearms are another popular pawn shop item in high demand, especially for people looking for bargains. The pawn shop will check to ensure the firearm is registered in your name and good working order.

When selling a firearm, bring your identification and relevant credentials. Ensure the firearm is unloaded and placed in a locked case with the safety on. If you loan the firearm, you must complete a background check to reclaim it.

5.    Musical Instruments

Musical instruments are expensive, and people often seek them out at pawn shops to get a deal. If you have a musical instrument to sell, check its retail value and condition to ensure you get an optimal return.

6.    Power Tools

Power tools retain their value well and are always in demand. Pawn shops often purchase or provide loans for popular tools like drills, saws, lawnmowers, pressure washers, compressors, and generators by reliable brands like Craftsman, Milwaukee, and DeWalt.

7.    Sporting Goods

You can earn a generous return by selling sporting goods like bikes, snowboards, fishing gear, camping gear, and kayaks. The condition and brand will affect the amount you make.

8.    Luxury Watches

Luxury watches are great investments as their value does not decrease with usage. They can be worn and may still be sold at a higher price. You will make more money by selling a watch with precious metals and gemstones or a rare make or model.

9.    Antiques and Collectibles

Antiques and collectibles can be tricky. Not every collectible is as valuable as you think. Do some research to find out how much they are selling for on eBay to ensure your pawn shop excursion is worthwhile.

10.  Appliances

Pawn shops may purchase brand-name appliances that are in good condition. However, they may not accept large appliances due to challenges with storing and selling. Stick to smaller appliances like microwaves and coffee makers.

Cash Express is A Trusted Community Pawn Shop

Cash Express is preferred by people looking to sell gold, computers, antiques, watches, coins, and tools. We offer top values for the items we purchase. Contact us to learn more about our great deals and friendly service.

A pawn shop is an ideal destination for finding great deals and selling valuable goods, but many consumers want to feel assured that their transactions will be safe. Safety is paramount for customers who loan their goods to stores. They want to feel confident that they will receive their items back undamaged after repaying the loan.

Safety also applies to other transactions. Customers want to know they are buying authentic items that are not stolen. These are genuine concerns, which is why many pawn shops take steps to prevent theft and ensure safe transactions.

How Do I Know My Items Will Be Safe?

Many people loan their items to pawn shops. They take out loans and leave the pawn shop their items as collateral. When the loan is paid off, they can reclaim their items. But how do they know the pawn shop will store their item safely?

Most pawn shops integrate the following security measures:

·  Surveillance Cameras: Visible surveillance cameras can prevent theft. They also record suspicious activity, helping identify criminals if theft occurs.

·  Secure Storage: Valuable items are often stored in safes or secure storage to prevent theft.

·  Staff Training: Staff members are typically trained to identify and report suspicious activity before theft occurs. Many pawn shops also hire security staff who have expertise in crime prevention.

·  Background Checks: Pawn shops often run background checks on their employees to reduce the risk of internal theft.

·  Insurance: In a worst-case scenario, most pawn shops have insurance and can reimburse customers for their losses if theft occurs.

How Do I Know the Items I Buy Haven’t Been Stolen?

Consumers understand that they may be at risk if they purchase stolen items. However, pawnshops must report all purchases to law enforcement at the end of the day. If any purchased items are found to be stolen, the police will confiscate them.

Some pawn shops even go that extra mile by scouting out police reports that feature a detailed list of items stolen locally. They will alert law enforcement if anyone comes into the shop trying to sell stolen goods.

How Do I Know the Items I Buy are Authentic?

Pawn shop staff are often trained to look for signs that confirm an item’s authenticity to prevent the purchase of counterfeit goods. These include:

·  Visual Inspection: Staff members visually inspect items, looking for hallmarks, serial numbers, logos, stitching, construction, and any alterations that indicate a fake.

·  Metal Testing: Pawn shops use acid and electronic testing to ensure that precious metals are genuine.

·  Diamond and Gemstone Testing: Workers will examine gemstones with magnifying glasses and refractometers to ensure they are authentic.

Cash Express Ensures Every Transaction is Safe

Cash Express goes out of its way to protect our customers. We inspect items before we purchase them. Our staff works closely with law enforcement to ensure we don’t buy stolen goods. The shop is well-protected, with security staff, alarms, and secure storage.

Contact us to learn more about our safe transactions, great deals, and friendly service.

Pawn shops are an ideal way to generate income. You can sell or loan items of value to cover expenses. But what happens to your items after you pawn them? This article will tell you what you need to know.

Selling an Item

If you sell an item outright, the pawn shop will enter it into their inventory and offer it for sale. Items that sell find a home with another person.

It’s unclear what happens to items that don’t sell. They may get donated, or the pawn shop may dispose of them.

However, the pawn shop will never ask you to take your item back and return the money. Once a pawn shop buys an item, it is theirs to do with as they please.

Loaning and Item

Pawn shops also offer loan programs. People can come in with items of value in return for a loan. The pawn shop will assess the item and offer you a loan based on its value.

If you agree to the amount, you can leave with cash in hand. The pawn shop will hold your item until you repay the loan. Then they will return it.

If you cannot repay the loan, they will hold on to your item and attempt to sell it. However, the unpaid amount will never go into collections or damage your credit.

What if Something Happens to My Item While the Pawn Shop Has It?

Your item may get damaged or stolen while it’s in the pawn shop’s possession. Most pawn shops have insurance to cover these damages and will repay you for your lost or damaged item. Ensure a pawn shop has insurance before initiating the lending process.

What if the Pawn Shop Sells My Item?

In some instances, a pawn shop may get confused and sell an item they should be storing as collateral. The pawn shop is legally obligated to return your item to you or reimburse you for its value. If they fail to do so, you may take legal action.

Will the Pawn Shop Hold on to My Item if I Default on My Loan?

Say you miss a few payments and don’t have your loan paid off by the due date. You may still be able to get your item back.

Most pawn shops will hold on to an item for around 30 days before trying to sell it. They use this time to ensure the item is not stolen. It may take a month for them to get a police report back on the matter.

If, during these 30 days, you come up with the money and want your item back, the pawn shop may accept your payment. Interest rates may apply.

Cash Express Keeps Your Item Safe

Cash Express is a trusted local business. We will store your items safely ensuring they get back to you in one piece. In a worst-case scenario, our company is fully licensed and insured and can cover any damages that occur.

Contact us for great deals, affordable loans, and service with a smile.

If you have never been to a pawn shop, you may not know what to expect. Your experience will vary depending on whether you came to a pawn shop to buy, sell, or get a loan. This article will outline all three scenarios to prepare you for your first visit.

Know What the Pawn Shop Sells

First, you should understand that pawn shops may sell different items. Some pawn shops sell anything of value. Others specialize in tools, electronics, jewelry, designer watches, handbags, or a combination of these goods.

Research so you know what to inventory to expect before you visit the shop. That way, you increase your chances of finding the items you want and successfully selling or getting a loan for the items you’d like to part with.

As a Shopper

A pawn shop sells secondhand goods to the public. Don’t expect them to be in new condition. However, most pawn shops won’t purchase items that are in poor condition either.

Because items are used, they should be available at discount prices. However, that doesn’t mean every pawn shop prices items fairly.

If you have a specific item in mind that you want to purchase, you may want to do some research to determine what prices you can expect to pay. Consider the condition of the items when comparing prices. Used items should not be as expensive as new ones.

Pawn shops are always prepared for a little haggling, so don’t be shy about asking for a better price.

As a Seller

If you have a valuable item you no longer need, you may consider selling it at a pawn shop. Make sure the pawn shop carries similar stock to ensure a sale. Take steps to improve the item’s condition if possible so you can fetch a higher price.

You should also research to find out how much the item is worth before you take it to a pawn shop. This ensures you get a fair deal. If all goes well, you will leave with cash in hand.

As a Borrower

You can also use valuable items to get a pawn shop loan. Follow the steps that you would as a seller. However, there are some extra steps involved.

The money you get for your item is a loan that must be repaid. Once you repay the loan, you will get your item back. If you cannot repay the loan, the pawn shop will keep the item, but the unpaid amount won’t go into collections or impact your credit.

Choose the Best Pawn Shop for Your Needs

Before going into a pawn shop, you should research to find the best locations in your area. Choose a pawn shop that is known for its reasonable prices, fair deals, good loan rates, and excellent customer service.

Cash Express stands out as one of the best pawn shops in Philadelphia. We are backed by years of making customers happy.

Contact us when you are ready to buy, sell, or borrow.

Do you have jewelry in your home collecting dust? Maybe the jewelry is not your taste, or you don’t have the occasion to wear it. Perhaps it’s the remnants of a bad relationship you’re better off forgetting.

Regardless of the reason behind it, selling jewelry is an excellent way to generate income with little effort. However, you should take some time to understand the factors that affect the value of your pre-owned or estate jewelry. This research ensures you will get a fair price for your piece.

Here are some factors considered in the appraisal process.

Rarity

A rare piece is valued higher than a non-rare piece. Specific designs and eras can fetch more money than others. A precious stone with an unusual cut may also increase the jewelry’s value.

Maker

Jewelry made by a well-known designer will sell for more than a piece created by an unknown. Top designers include Tiffany & Co., Van Cleef & Arpels, and Cartier. These designers typically exhibit a high level of craftsmanship making their jewelry more valuable.

Materials

Materials refer to the jewelry’s stones and precious metals. A piece that contains expensive gems and precious metals is typically worth more. However, purity and quality are also considered.

Condition

Your jewelry may be rare and contain precious gems and metals, but if it’s not in good condition, it won’t be valued as highly. Signs of damage like scratches and missing gems will reduce the jewelry’s value. Dealers will pay higher prices for jewelry that’s in excellent condition.

Demand and Market Trends

Demand and market trends go hand in hand. A piece can become more valuable due to a surge in demand for a specific style. If your jewelry features that style, people will be willing to pay more for it.

How to Evaluate Jewelry

You can get an idea of how much your jewelry is worth by looking for the following elements.

Jewelry Stamps

Your jewelry may feature a stamp that signifies the purity of the metal, such as 14K. It may be engraved with the designer’s name which also contributes to its value.

Examine Stones and Settings

Look at the stones carefully. Stones that are well-cut to feature various colors are typically worth more. The color and size of the stone also play a role. High-quality settings enhance value.

Ask a Jewelry Expert

If in doubt, you can always ask a jewelry expert for their professional opinion. They will assess the value of your jewelry and provide a fair appraisal.

Cash Express Offers Top Dollar for Estate Jewelry

There are various options for people wishing to sell jewelry, but a pawn shop is a convenient choice. You don’t have to deal with the stress of seller sites. A pawn shop will immediately let you know if they will buy your jewelry, and how much it’s worth, and they can give you cash on-site.

However, you must work with a pawn shop you can trust. Cash Express is a reputable choice. We offer fair evaluations and friendly service. Our business is backed by positive customer reviews and several years in the industry.

Contact us when you’re ready to sell your valuable goods.  

Collateral is an asset a borrower pledges as security for a loan. If the borrower defaults on the loan, the lender can seize that asset. Collateral loans can be risky, but they don’t involve many qualifications. The lender will have fewer requirements knowing you put your asset on the line.

The loan process is typically used in a pawn shop setting. Pawn shops provide loans to customers who put their items up for collateral. This article will explain how the process works and what assets you can use for a collateral loan.

How Does a Collateral Loan Work?

The collateral loan process is easy. Here’s how it works:

1.    Come into the shop with an item of value.

2.    The salesperson will assess your item and make you a loan offer. The loan is typically equal to a percentage of the item’s value.

3.    If you accept the loan, you can walk away with cash in hand. You must continue making payments on the loan to retrieve your item.

4.    If you default on the loan, the pawn shop will keep your item, but the unpaid amount will never go into collections or impact your credit.

What Items Can I Use as Collateral for a Loan?

The items you can use as collateral depends on what the store carries. For example, some pawn shops specialize in luxury items such as designer purses and watches. Others may sell electronics or firearms. They may also be choosy about the brands they accept.

Generally accepted items include:

·  Valuable antiques

·  Jewelry, precious metals, and gems

·  Firearms

·  Electronics

·  Luxury watches

·  Musical instruments

·  Collectibles

·  Power tools

However, not every pawn shop will accept each of these items. Research pawn shops to find out the items they carry. This will help you determine if they will accept the item you want to loan.

Quality Counts

The pawn shop will also consider quality when they assess your item. If your item is damaged or non-functional, they may not accept it. Some shops will accept damaged items but offer a reduced loan amount.

Ensure your item is in the best shape possible for optimal loan amounts. Clean it before taking it in. Make small repairs to make it more functional if possible.

There are other things you can do to ensure the highest possible pawn shop loan. For example, a certificate of authenticity or original receipt may make your item more desirable. You should also research to find out your item’s value. This will give you some leverage when negotiating.

Cash Express Offers High Loan Amounts

Cash Express provides cash loans for valuable items, including gold, computers, antiques, watches, jewelry, coins, and other high-end items. We offer high values and low interest rates. Our staff is friendly and easy to work with. We will ensure you are happy with your loan amount.

Contact us when you are ready to buy or sell. We offer great deals and quality items.