How Do You Determine An Item’s Worth?

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August 8, 2018

Looking for some fast cash? Pawn shops allow you to sell items of value for a decent amount of cash, purchase high-quality products at reduced prices, and get fast cash with a pawn loan. But when it comes to buying or selling a product, how do pawn shops determine an item's worth? While there are a number of methods pawnbrokers can use to determine the value of an item, the main method is through experience.

How is an item's value determined?

Pawn shops are often run as a family business, meaning the company has been running for a number of years. That being said, pawnbrokers gain a lot of experience dealing with buyers and sellers over the years. Highly trained and knowledgeable pawnbrokers can often gage the value of an item upon close inspection based solely on previous experience with similar products. With pawnbrokers dealing with customers on a daily basis, they get to know a lot of information about a lot of merchandise.

While some pawnbrokers can determine an item's value from previous knowledge and experience, not all pawnbrokers can identify an item's worth spot on. Pawn shops may even have new employees who may be unfamiliar with good buying and selling ranges for common products. When more than knowledge and experience are needed for placing a value on an item, there are some other ways this can be determined.

How you can find the value of an item before bringing it in

A couple easy ways to discover an item's worth is to use Amazon and eBay. These can help you get an idea of what your product is currently being sold for and how much others can expect to spend in order to buy from you. As you use these sites for value comparisons, try and find the same make and model of your product in order to get a more accurate idea of what the item is worth. As you compare your item to similar items online, you should also take into account the amount of "wear and tear" your item has undergone in order to further assess how valuable the item would be in its current state.

Sportsmans Pawn Utah

Unlike other pawn shops, we accept large collateral such as cars or heavy machinery and store them for you.

Sportsman’s Pawn is fully insured for the loan value of the collateral we keep. We buy and sell a variety of items including Gold & JewelryGuns & Ammo, Sporting Goods, Instruments, Electronics, Movies & Games, and more!

Looking to get some fast cash? Bring in almost anything of value and we can establish the item’s worth to determine how much to loan you.

Check out our two store locations for available products and prices.

Murray: 4081 State Street Murray, UT 84107. Phone: 801-281-0073

West Valley: 3930 S Redwood Rd. West Valley, UT 84123. Phone: 801-924-1228

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