Table of Contents:
- Do Pawn Shops Buy Broken Items?
- Why Do Pawn Shops Buy Damaged Goods?
- Things You Didn’t Know You Could Pawn
- What Will Pawn Shops Not Buy?
- Places That Buy Broken Jewelry
- What Kind of Jewelry Do Pawn Shops Accept?
- How Much Do Pawn Shops Pay for Broken Jewelry?
- Who Buys Broken Jewelry Near Me?
- Sell Broken Items for Cash at The Vault Jewelry and Loan
Do Pawn Shops Buy Broken Items?
Breaking something that costs a lot of money is disappointing. The first reaction most people have is to throw that item away. But what if you could salvage some of your investment? Pawn shops often accept broken items in exchange for cash. You can sell your broken items and use the money toward a replacement or anything else you need.
The broken items pawn shops will take depending on the store and the level of damage. Some stores invest in things you wouldn’t expect. Here’s what you should know about selling broken items at pawn shops.
Do Pawn Shops Buy Broken Items?
Pawn shops do buy broken items. However, each shop decides which items they’ll accept and how much they’re willing to pay. Some items, like fine jewelry, still hold significant value with damage. If they can’t repair it, pawn shops can resell the precious metal or gemstones. For that reason, almost all pawnbrokers accept broken fine jewelry.
Pawn shops also accept other damaged goods, especially if they have experience repairing or refurbishing that item. You might be surprised by the kind of items your local shops will buy. If there’s a pawn shop in your area, it could be worth the trip to try selling your stuff before throwing it away.
Why Do Pawn Shops Buy Damaged Goods?
Understanding why pawn shops accept broken goods will help you recognize which items are worth trying to sell. Different stores have unique ways of turning trash into treasure. Here’s why pawnbrokers might buy damaged goods:
- They specialize in repairing that type of item.
- They can take it apart and sell the individual pieces.
- They know someone who can fix the item at a low cost.
- They have clients willing to repair the item themselves.
Things You Didn’t Know You Could Pawn
Most pawn shops accept anything they can resell for a profit. Some even take broken items that need repairing. The only way to know for sure is by calling or visiting your local store. Here are some things you might be able to pawn or sell:
If you’re upgrading your mobile device, consider selling your old one to a pawn shop. Many pawn shops accept used phones, as long as they work and are only a few years old. If you’re not going to use it, why not make some extra cash? They look for these top brands:
2. Gaming Systems
Gaming consoles and accessories are extremely popular right now, so pawn shops are willing to pay a fair price for used systems. If you need money to buy a new gaming system or anything else, you can pawn or sell your old equipment. Some pawn shops accept new models and retro devices, such as:
- Nintendo Switch
- SNES Classic
You can also sell used games and controllers.
3. Other Electronics
Electronics are a high ticket item people hope to find at pawn shops. If you have old electronics to pawn or sell, most pawnbrokers will offer you a fair price. You can also get cash for extra chargers and accessories. They may even accept broken items to resell as scrap material. Try pawning or selling the following devices:
Instruments are another unexpected item pawn shops may accept. Well-made instruments hold their value over time. Some musicians even prefer old instruments over new ones since they are often higher quality.
If you have an old instrument lying around, you can take it to a pawn shop and find out what it’s worth. Pawn shops often buy:
5. Sports Equipment
Have you outgrown your sports gear or chosen a new hobby? Clear your garage and sell your old sports gear for cash. Pawn shops often accept old sports equipment, such as:
- Tennis rackets
- Golf clubs
- Skis and poles
- Protective gear
- Nets and goals
6. Workout Equipment
Do you have a treadmill sitting in your basement you never use? People often purchase workout equipment to exercise at home but rarely find the time or motivation to use it. If that sounds familiar, consider selling your workout gear at a pawn shop. They’ll offer a fair price so you can recoup some of your investment. Pawnbrokers often accept the following items:
- Bench presses
- Exercise bikes
7. Baby Supplies
When you’re about to have a child, it’s easy to get caught up buying all of the latest gadgets and equipment. Before you know it, your child is grown, and you’ve barely used most of your supplies. Instead of storing these items or giving them away, you can make instant cash at your local pawn shop. Consider selling or pawning the following baby supplies:
- Car seats
- Travel cribs
- Sound machines
- Diaper pails
- High chairs
8. Household Appliances
If you’re getting ready to move or doing some spring cleaning, you can take your unwanted household appliances to the pawn shop. Home essentials sell pretty quickly, so most pawnbrokers are willing to pay a fair price for these items. You can pawn or sell a spare:
- Space heater
- Air conditioner
- Paper shredder
9. Furniture and Home Decor
People love finding great deals on furniture and home decor. Pawn shops buy and sell these items to fulfill this need. Some customers even buy damaged or outdated furniture to repair or refurbish themselves. You could pawn or sell items from around your home, like:
- Light fixtures
- Outdoor furniture
10. Power Tools
Power tools and yard equipment always seem to pile up in garages and utility closets. You can declutter your home and make some extra cash by selling these items at a pawn shop. Although some of these items can be challenging to sell, most pawnbrokers will offer a fair price. Name brand tools in good condition are the most desirable. Most pawn shops look for these top brands:
Although rare, some pawn shops accept used cars for loans or to buy. Cars in good condition with low miles are worth the most. They may even give you more than you could make at a dealership. Call ahead to make sure your pawn shop is interested in automobiles.
12. Hunting Equipment
In 2020, there were 15.2 million hunting license holders in the U.S. If you live in a state where hunting is popular, you could potentially pawn or sell your hunting equipment. Pawn shops may buy hunting gear, such as:
- Knives and sharpeners
- Coats and apparel
Call ahead to your pawn shop to make sure they purchase guns before you arrive. Pawnbrokers must comply with the Virginia Firearms Transaction Program and have a Federal Firearms License to buy and sell guns.
Unload the firearm and place it in a locked case before entering the store. It must also be licensed and registered under your name.
What Will Pawn Shops Not Buy?
The types of goods that pawn shops purchase depend on many factors. The store location and type of customers they attract can impact whether they specialize in designer clothing and accessories, vintage decor and antiques or a little bit of everything. It’s challenging to know exactly what a pawnbroker will accept unless you contact them or visit the store.
However, most pawn shops will not accept certain items because it’s illegal or they have little to no value. These items include:
1. Stolen Property
Pawn shops must follow certain laws created by the state where they operate their store. A common issue these laws address is the sale of stolen goods. Generally, pawn shops aren’t looking to buy and sell stolen property. These regulations are mainly in place to prevent theft and recover stolen items.
You must be the legal owner of an item to sell it to a pawn shop. In Virginia, pawnbrokers must provide a daily report to law enforcement of everything they pawned or purchased. They must also include the seller’s name and identification. If you try to sell stolen items, you’ll most likely face legal action.
2. Knockoffs or Replicas
Pawn shops rely on their reputation to draw customers to their stores for authentic luxury goods. If someone catches them selling knockoffs, they’ll lose their clients’ trust and business. For that reason, most pawn shops don’t accept counterfeit goods. The same is true for replicas.
Most stores carefully authenticate each item before making an offer.
Places That Buy Broken Jewelry
Fine jewelry is one of the most sought-after resale items — even if it’s broken. Since brokers often sell damaged jewelry as scraps, the value depends on the precious metals market. The price of luxury metals like gold and silver shifts constantly. When the market is up, buyers offer more, and when it’s down, they offer less. Therefore, some jewelry is worth just as much broken as if it were unharmed.
When you’re ready to sell your jewelry, you’ll find plenty of interested buyers, such as:
- Chain jewelry stores: Many top jewelry retailers buy precious metals in any condition, either in-store or through the mail. Some also purchase jewelry with diamonds or gemstones.
- Local jewelers: Many independent jewelers are also interested in purchasing broken gold, silver or platinum jewelry. They might buy gemstones and diamonds as well.
- Online buyers: The internet is another convenient place for selling precious metals and gemstones. Some websites will even purchase watches and coins in gold, silver or platinum. They tend to offer the lowest price, so compare several offers before you make your final decision.
- Pawn shops: Pawn shops accept broken jewelry, watches and most other forms of precious metals. They also buy gemstones, diamonds and many other luxury items.
What Kind of Jewelry Do Pawn Shops Accept?
From necklaces and earrings to bracelets and rings, pawn shops accept all kinds of jewelry in any condition. They can resell high-quality pieces in their store. Damaged items are either repaired or sold as scrap to companies that reuse them for other projects.
When it comes to broken jewelry, pawnbrokers look for two things — precious metals and gems. These materials are easy to price and have the highest resale value. Most pawn shops will pay the most for gold, followed by platinum and silver. However, a rare metal called palladium is even more valuable.
Pawn shops also look for precious gemstones like diamonds, rubies, sapphires and emeralds. Some pawnbrokers also accept saltwater pearls. As long as the gems are real, you could earn a significant profit.
If you’re unsure what your jewelry is made of, check it for any markings or symbols that describe the material. Pawnbrokers usually test each piece to ensure it’s authentic.
How Much Do Pawn Shops Pay for Broken Jewelry?
There’s a limited supply of precious metals on the earth, so their price constantly fluctuates to meet shifts in demand. Pawn shops base their offers on the value of precious metals at the time of the transaction. They’ll usually offer at least 50% of the item’s value. For instance, if you have $200 worth of gold, they may offer $100 or more in cash or a loan. If you’re unsatisfied with an offer, most pawnbrokers are willing to negotiate a fair price you’re happy to accept.
Determining the price is slightly more complicated if you’re selling gemstones or pearls. The value depends on the gem’s quality, size and rarity. Once they authenticate the gem, the pawnbroker will consider the carat, cut, clarity and color to create a reasonable offer.
Who Buys Broken Jewelry Near Me?
Turn your broken jewelry into cash at The Vault Jewelry and loan. With seven locations just south of Washington D.C, we serve communities in Northern Virginia, Maryland and Delaware. You can visit our pawn shops at the following locations in Virginia:
- Arlington Boulevard, Falls Church
- Graham Road, Falls Church
- Leesburg Pike, Falls Church
- Sudley Road, Manassas
- Centerpointe Way, Woodbridge
- Daniel Stuart Square, Woodbridge
- Jefferson Davis Highway, Fredericksburg
Find the store nearest you to pawn or sell broken jewelry and other items.
Sell Broken Items for Cash at The Vault Jewelry and Loan
One person’s trash is another’s treasure at The Vault Jewelry and Loan. We accept broken jewelry and other items in exchange for instant cash. You can reach out anytime to find out if we’ll buy your items. We’ll gather information about your things and offer our guidance.
Our team of specially trained associates has handled thousands of transactions and strives to make the process as easy and stress-free as possible. Whether you’re interested in pawning or selling your items, we’ll work with you to get the money you need.
Get cash for your broken items at The Vault Jewelry and Loan today!
James (Jamie) F., is the manager of our Centerpointe Way location in Woodbridge, VA. With over 14 years in the pawn business, he is an expert in Diamonds, Gold, and Luxury Watches. He is fluent in Spanish and English and enjoys helping customers’ find the item they want at a great deal. Banks and Big Box stores have convinced many that new and expensive is the only way to buy. He aims to change that paradigm and provide exceptional service and quality products at a bargain price to every person who walks through our doors.