3 Best Pawn Shops in Salt Lake City, UT - Expert Recommendations (2024)

FAQs

What is the most successful pawn shop? ›

Unlike pawn shops, buy-sell-trade stores are places for patrons to sell their items in exchange for cash or store credit. These stores operate on a more traditional model, profiting through the repurchase and sale of products for an agreed-upon price, as opposed to accepting items as collateral for a loan.

If you are unfamiliar with it, the show has been on since 2009 and stars Rick Harrison, his father (a.k.a. "The Old Man)," Rick's son Corey, and Corey's friend (who is nicknamed "Chumlee"). The show is filmed in the Gold & Silver Pawn Shop, which is in downtown Las Vegas.

Illegal Goods

Pawnshop owners are smart and won't fall for purchasing stolen goods. They follow all of the local regulations and federal laws when it comes to purchasing goods. You simply can't bring in illegal items like drugs, passports, hazardous waste, and stolen goods to a pawn shop and expect to leave with cash.

According to the search results, pawn shops generally offer loans ranging from 25% to 60% of an item's resale value [1]. So, if you were to pawn a $1000 item, you might receive a loan amount between $250 and $600.

Don't Be Afraid to Haggle

Haggling is a common practice when it comes to pawn shops, so don't be afraid to negotiate. Start by making an offer that's slightly higher than what you're willing to accept, and be prepared to meet somewhere in the middle.

Research your item(s).

Before you hand over your valuables to pawn or sell at a pawn shop, it's important to know the actual value of that item. Pawn shop proprietors will typically try to cut you down to the lowest possible price when you pawn or sell an item, so you'll need to know the value of each item beforehand.

Which pawn is the weakest? ›

Doubled pawns are generally weak because if they are attacked, they cannot defend each other. They must rely on other pawns or pieces for protection. If they are doubled and isolated, then they are twice as weak. Even weaker than doubled pawns are tripled pawns, but they are rare.

knight is superior to three average pawns, even in the endgame (situations like three passed pawns, especially if they are connected, would be exceptions) with queens on the board, knight is worth four pawns (as commented by Vladimir Kramnik for a full board);

Pawn Shops Are Regulated

Before choosing a pawn shop, be sure they are registered with the National Pawnbrokers Association (NPA), and check with your local Better Business Bureau to see if there are any complaints against them.

What's the most a pawn shop will loan? Pawnbrokers typically lend 25% – 60% of your item's resale value, so your loan amount will vary based on an item's assessed value.

Gold and Precious Metals

Pawnshop owners are often wary of buying expensive items such as electronics, which may quickly become obsolete. Items you will see frequently are gold and precious metals, especially jewelry. These items tend to appreciate in value, so they are favorites of pawnshop owners.

1. Maurice Sendak Sketches. Price Deal: $250,000 In the episode "Can't Pawn Me Love" from Season 15, Rick Harrison acquired original Maurice Sendak sketches for Where the Wild Things Are. These unique sketches, never sold as reproductions, were estimated by an art expert to be worth $310,000.

Austin "Chumlee" Russell — $5 million

According to Celebrity Net Worth, he has roughly $5 million to his name and makes about $25,000 per episode of Pawn Stars.

Richard "Rick" Kevin Harrison – Co-founder/co-owner of the pawn shop.