The Real Boston Pawnbroker – Reality Show vs. Reality

By August 9, 2013News

What do you picture when you think of a “Boston Pawnbroker?” If you’re like many Americans, you picture one of two things; reality star Rick Harrison of Pawn Stars or the seedy undertaker from A Christmas Carol. While we are all guilty of letting outside factors influence our perceptions, it’s important to know fact from fallacy, as well as what you should do when it comes to visiting a Boston pawn shop.

Not all pawnshops are created equal. Choose wisely and protect your valueables by doing your research first. Know what your item is worth, both retail and wholesale prices. Don’t forget to take the condition of your item into account. It’s also a good idea to check out online auction sites such as eBay, to see the relative value of your item. This step will prevent you from being taken advantage of when you go to pawn or sell your item.

That being said, rest assured that there are professional, fair, and established businesses out there that thrive on a positive customer reputation as we do here at Boston Jewelry & Loan.  It can be a hard decision to part with a valuable item, but the offer of instant cash can be priceless. Certified, professional pawnbrokers aren’t looking to make money off of your misfortune – they’re looking to help you! This can be a win-win situation for everyone, and offering fair and reasonable prices can establish that.

Know if you’re looking to pawn or sell your item. When pawning, you are trading your item as collateral, and the pawn broker gives you a cash loan – in the approximate amount your item is worth. You are required to pay back the loan amount, plus interest, and your item will be returned to you as it was delivered. The benefit to this is that you get to keep your item. If you need cash and have something valuable that you are not ready to part with, this may be the best option for you. However, if you have things lying around that you don’t need or use anymore, selling may make more sense. Typically selling your item outright will return a higher payout.

Knowing the reality of pawnshops and what to expect will make your pawn shop experience a smooth one. To receive a great pawnshop experience, look no further! Visit us at Boston Jewelry & Loan!

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