Author: Lambert Pawn

  • Start Looking At Pawn Shop Rings – It May Be Time To Buy

    Start Looking At Pawn Shop Rings – It May Be Time To Buy

    Start Looking At Pawn Shop Rings – It May Be Time To Buy

    Gold Price is Down

    With gold prices down by 2%, it may be the perfect time to buy gold and silver, gold engagement rings, wedding ring, estate jewelry, diamond rings, and gemstones set in a precious metal, or any of the other great deals you can find at a pawn shop to add to your collection of gold and silver.

    Gold prices dropped Monday, June 13th, due to a surging dollar index. This was based on predictions of the Federal Reserve raising interest rates by September. Investors quickly lost the appeal for gold, silver, and other precious metals and the spot price fell.

    Gold spot fell to $1,832.76, making it an excellent time to buy gold and silver jewelry, bars, and coins to sit on for future sales. According to JP Morgan, gold has been in a tug a war between its pricing drivers, with firm inflation being countered by bets for aggressive policy responses.

    Buy Low Sell High = Money

    As consumers look to purchase gold and silver, purchases made when the spot price is down makes good sense. Sitting on gold is an option if you aren’t in a hurry and you can watch the spot price to know when to liquidate. Buy low, sell high, is a rule of thumb. 

    Consumers of the precious metals available today can determine what they have to spend on precious metals with the knowledge that they may have to sit on the purchase for some time before the market comes back up, and they can then take advantage of making a deal to sell their precious metals. 

    The cost of doing business is time and the disadvantage of tying up funds on a good deal you got on gold or silver without knowing when you can get a return on your investment.

    Large Inventories

    Pawn shops have extensive selections of wedding sets, engagement rings, princess-cut diamond rings set in gold, silver, silver jewelry, pendants to mark an engagement date, and loose diamonds, all at a reasonable price.

    Most jewelry stores sell fine jewelry to a buyer with a huge mark up. It is a known fact that purchasing from jewelry stores expensive. The cost supports the jewelry store’s advertising, marketing, and profit margins.

    Pawn shops buy a diamond ring from a customer who decides they would like a new jewelry piece, so the customer decides to liquidate their current ring. Sometimes pawn shops buy a gold ring outright because the customer needs quick cash to make a payment or meet unexpected emergencies.

    Pawn shops take in fine jewelry, gold, silver, and other items like electronics, musical equipment, name-brand sneakers, name brand tools and work with their customers to get the money they need.

    If a customer has an engagement ring that is made of diamonds and gold, but  a breakup happened, the customer might decide selling the ring is the best recourse. You on the hunt for gold at a lower spot price mightbe able to purchase that engagement ring and add it to your pile of gold to hold onto until gold spot prices rebound.

    Top Dollar

    Pawn shops pay top dollar after appraising a valuable piece of fine jewelry, and payment is made before the customer leaves the store. This creates an ideal solution for someone needing money fast and a better deal for you looking to buy pre-owned gold rings, gold necklaces, gold bracelets, and other high-end gold jewelry for the best value.

    gold rings
    Gold Rings

    Gold Jewelry

    Gold is a durable precious metal that does not tarnish, rust, or corrode. Pure gold (24k) is malleable, so it is easy to shape, bend, and craft when heated.

    Gold purity is measured in karates. The word carob is derived from the term karates, meaning the seeds used in ancient times to measure the weight of gold.

    Pure gold is usually mixed with other metals and alloys to give the precious metal strength and temper the bright yellow to a soft golden hue. The more metals are mixed with pure gold, the lower the karats.

    Most jewelry is made from 14k and 18k gold.

    Gold and Diamond Ring

    14k Gold

    14k gold is 58.3% pure gold and contains parts of different metals like silver, palladium, bronze, copper, zinc, and nickel. 14k white gold has a slightly different make-up of alloys and is coated in a protective rhodium plating. Rhodium is a shiny white metal that looks like platinum. The rhodium gives scratch protection and gives the jewelry piece a lustrous shine. 14k gold is an excellent choice for jewelry when paired with diamonds and gemstones like emeralds, sapphires, and rubies.

    18k gold

    18k Gold

    18k Gold is 75% pure gold and 25% other alloys like silver and copper. 18k gold is not as durable as 14k gold because it is softer. 18k gold is a good choice for an engagement ring, wedding ring, a gold pendant, or gold earrings. 18k gold complements gemstones with green, red, and blue colors and sets a luxurious background for sparkling diamonds.

    What Shop is Best When Shopping for Gold

    Jewelry stores have diamond experts who can tell you about diamonds, fine jewelry, and gold. The downside is jewelry stores have huge markups on their jewelry, making the price higher than what you can find in an alternative shopping situation.

    Online shops, eBay, and the Marketplace are places to look for and purchase gently used gold jewelry. One of the drawbacks is you can’t be guaranteed that what you are buying is genuine and authentic. Sometimes gold plated jewelry appears to be gold, but it is mainly made from an alloy. Making a purchase even if the price is reasonable is no longer a sweet deal when you discover that what you purchased is fake.

    Pawn shops are in the business of buying, selling, and writing pawn loans using precious metals, engagement rings, wedding rings, and other fine jewelry as collateral. Pawn shops offer free appraisals, and most stores test the items that come in to ensure that what they are buying or loaning against is real. Pawn shops wouldn’t stay in business long if they wrote loans against or bought something fake.

    Lambert Pawn Shop in Whittier CA

    Lambert Pawn Shop

    Lambert Pawn Shop is located in Whittier, CA, and offers quality pawn services. They are skilled in buying, selling, and writing short-term loans. With over 25 years of combined experience providing quality services, the experienced pawnbrokers will work with each customer to lend the maximum dollar amount possible on anything of value.

    Retail and online store

    They have a large inventory of engagement rings, fine jewelry, wedding rings, gold necklaces, and other high-end items for sale on their retail floor and through their online shop.

    Conveniently open six days a week, they can help whether you are looking to pawn an item, sell an item, or purchase a gold item for your future liquidation when the gold market rebounds. You can email them a picture and description of what you would like to bring in for appraisal, and they will give you a quote right away.

  • Is There An Advantage Buying a Gold Chain At A Pawn Shop?

    Is There An Advantage Buying a Gold Chain At A Pawn Shop?

    Is There An Advantage To Shopping At A Pawn Shop?

    Pawn shops are part of the pawn industry, with 9,259 shops nationwide. California has numerous pawn shops selling anything from sapphire gemstones, to luxury purses, to designer watches, to an exquisite gold chain, to gold, and silver.

    California state laws are existing laws that regulate pawnbrokers and require a written contract for every loan by a pawnbroker for which goods are received in pledge as security, as specified. This contract must be given to the borrower. Existing law requires the contract to provide a 4-month loan period. In California, every item sold is held for 30 days before the article may be resold to give law enforcement time to run the required check.

    Pawn shops provide an alternative financial service for communities. Pawn shops are prepared to buy outright or loan against valuable items used as security for a loan. Loans must be repaid, or the items become the pawn shop’s property.

    Pawn shops resell the default items after a waiting period to recoup the amount lent. Pawn loans are easy to get if the valuable item provided covers the cost of the loan. No credit checks are needed for a pawn loan, and the borrower only has to have a valid state-issued ID.

    Banks and other financial institutions require an application, some waiting until the application is approved, credit checks, and employment history. Not all people can meet these requirements, but they need cash. They may have accounts in collection or other negative marks on their credit, causing them to be denied a loan.

    Pawn shops also buy jewelry and other valuable items outright. Some customers don’t have a sentimental attachment to their gold, platinum, or diamond jewelry and want to sell the items for quick cash. Pawn shops will appraise the items and offer a fair market price. After the waiting period, the items will be placed on the retail floor so customers can buy the items as a gift or for their personal use.

    A customer typically looks for a good deal and fair price on rings, gold chains, silver or gold jewelry, luxury watches, and other items. Pawn shops have a large selection that changes regularly, providing customers with options to choose from what they have in stock. Many pawn shops have online stores with inventory for sale with a click of a button. The pawn shops honor the same prices they would sell the items for in-store with an added shipping charge and possible handly charge. Some stores offer a guarantee that what’s purchased is genuine.

    Pawn shops sell gold chains at their stores. There are several different types of chains.

    Herringbone Chains – A Beautiful Gold Chain

    This pattern creates a perfect casual daytime outfit accent. The design in this gold chain is flat, short, and parallel. This chain is ideal for men and women; it is worn best on its own, without a pendant.

    Yellow gold chain necklace

    A Box Gold Chain

    Made of blocks instead of circular links, this gold chain lies flat on the skin while presenting a style of sophistication. Sometimes women prefer a smaller-sized box link with a gemstone pendant, while thicker chains don’t need gemstones.

    Anchor Chains

    The chain links are oval, with a vertical bar in the center of each link creating a stunning look. Sometimes called a mariner chain because the look is similar to the chain that attaches an anchor to a boat. There are fat, puffy, delicate, and heavy chains available in this style. Depending on the statement you want to make, choose a type that goes with what you want to express.

    A Bead Gold Chain

    Bead chains are often known as dog tag chains, and these chains can also be worn with gemstones as pendants or a medallion. The beads on this chain can be close together or far apart, and they can be large or small.

    Gold Chain

    Byzantine Chains

    This unique chain is created by each link in the chain passing through four other chains. It looks as if it is a rope, and it is luxurious, flexible, and impressive.

    Cuban Chains

    This one is often referred to as Miami Cuban among necklace chain types. This chain is stereotypically what you would see looped on a rapper’s neck. It is chunky and imposing. It can be large or small. Preferred mainly by men, women may wear smaller size Cuban chains

    Yellow gold chain necklace

    Snake Chains

    Look like a snake. The links are round and curvy, and it is flexible and sleek. Sometimes it has a slide pendant making an elegant addition to any outfit. These chains are durable and come with small or large links.

    Figaro Chains

    These chains have links that are equal in size and shape. The links form a pattern that repeats itself, and it is intricate and exciting.

    Wheat Chains

    Flat and twisted oval links are braided together to form a deliciously unique wheat chain. JIt looks like a mature wheat stalk and is durable and can be worn with a pendant.

    Gold Chain

    Rope Chains

    The rope chain is one of the most durable and heaviest chain types. Segments are connected in a twisting pattern. It reflects light and can be worn with a pendant. Heavy rope chains can be worn on their own.

    No matter what type of chain you are looking for, pawn shops often have them. Gold chains will bring top dollar from a pawn shop when selling outright or used for security for a pawn loan because they are heavier and contain chain material made of different karat weights.

    The chain’s value depends on the purity of the gold or precious metals it is made from. Pawn shops often offer free appraisal services and show you an offer while you wait so you know what to expect.

    pawn shop logo

    Lambert Pawn

    Pawn shops like Lambert Pawn, located in Whittier, CA, sell luxury handbags, designer watches, gold chains, diamonds, silver and gold jewelry, pearls, name-brand electronics, musical equipment, and more. Lambert Pawn is a great place to find the perfect diamond necklaces at an affordable price. The advantage of shopping at the store is that store has a highly confidential loan process. They don’t ask for a credit check if you need a loan. They advertise different discount options to save you money. Their price on items are affordable, and they are kind and friendly. Don’t waste a moment; stop in and see Lambert Pawn.

  • Pawn Shops That Take Purses Near Me

    Pawn Shops That Take Purses Near Me

    Lambert Pawn Is One of the Pawn Shops That Take Purses Near Me

    Gosh, I got up this morning, looked at all my neatly stored designer handbags, and thought, “I need another!” I searched the internet with the term “What pawn shops take designer handbags?” The result is Lambert Pawn Shop.

    The designer bags in my closet include several beautiful bags. I own a beautiful light purple Lambskin Quilted Top Handle Flap Coin Purse With Chain, and I paid too much for it at $2795. I also have a Gucci GG Marmont matelasse mini bag, and at the time, I had to make payments because I didn’t have the $1650 they were asking for the Gucci bag.

    I have four other luxury bags, a Louis Vuitton bag, Marc Jacobs, another Gucci bag, and a vintage Prada. I remembered taking the time a few weeks with my friend Ari to go through all of the bags and make sure they had the right amount of stuffing to keep them from bending and forming creases that would ruin them. Ari made sure all designer handbags with chains had the chains neatly wrapped so they wouldn’t make marks on the bags.

    After going through the closet and the bags, I really wanted another one. I didn’t want to sell any of the luxury handbags; I already had to get another. I just wanted another. I didn’t have a lot of extra cash or the ability to make payments so ordering online wasn’t an option.

    Designer Handbags Near Me

    https://lambertpawn.com/I looked for options and found Lambert Pawn. I didn’t realize they carry a good selection of previously owned designer handbags and other luxury goods like gold jewelry and Rolex watches. The Google reviews said they have great deals and expert appraisers.

    This set my mind at ease because I didn’t want to purchase a designer bag without knowing it was authentic. Lambert Pawn has designer brands like Gucci, Louis Vuitton, and Prada. The team of pawn experts takes the time to go through an entire process that assures the luxury items they take in for pawn or because they bought the things outright are genuine products and not counterfeits.

    Louis Vuitton Bag Sitting On Table With Cup Of Coffees

    Louis Vuitton Bag

    I did some research and found that Louis Vuitton handbags are luxury handbag that has been around since 1854, when Louis Vuitton was born into a working-class family and began a company to start making luggage and travel boxes. Louis had left his home at 13 years old and traveled to Paris by foot, working where he could find work. By the time he landed in Paris, he was 16 years old and had become an apprentice at a successful box-making and packing shop. He worked in the shop for 17 years learning and becoming a well-known craftsman.

    Leaping forward to the 1900s, Louis Vuitton expanded the business. Traveling had changed, and people were still using trunks, carrying bags to put their things in. In 1930 the Keepall bag was designed, and in 1932 a smaller bag called the Speedy was created and released for everyday use. If you can find a previously owned Papillon today, you will pay around $900.00 through online stores like eBay.

    I began to think maybe a previously owned Papillon bag was in order.

    Lambert Pawn Shop in Whittier CA

    Lambert Pawn Shop

    I headed out to Lambert Pawn, located at 14159 Lambert Rd, Whitter, CA. With great anticipation about what I would find in the way of handbags and other luxury items, I could hardly contain myself. I was prepared to pay cash for the things I picked out and brought some previously worn old gold jewelry in case I needed a little extra money to cover the total cost.

    Lambert Pawn Shop Online Shopping

    I hadn’t ever pawned anything before and had read on their store’s website that it was easy to get a collateral loan as long as the value of the gold pieces covered the amount of the loan. Either way, I was prepared to sell the gold jewelry or pawn it. I wasn’t too concerned, just excited to see what the store had to offer. I had taken some time to browse their online shop, and sure enough, they had a Louis Vuitton Speedy for $599.99. They also had a Louis Vuitton Bellevue Gm Amarante Vernis Patent Leather handbag. Today was going to be a great day!

    I entered the store and was greeted by a friendly pawnbroker. He explained that they buy, sell, and pawn designer handbags regularly, so the store’s inventory changes often. He explained they authenticate every bag that comes through their door with Entrupy – a reputable handbag authenticator. This made me feel better. I knew I could shop with confidence.

    Pawning

    I asked if the store might be interested in the gold jewelry I brought along. He said they could appraise the value of the jewelry and give me top dollar should I decide I wanted to sell the jewelry outright or use it as collateral for a loan amount that didn’t exceed its value.

    I asked about a credit check since I didn’t want to disclose mine. He said that pawnshops don’t do credit checks and pawn loans are a great way to get a quick loan that is simple to get because the collateral secures the loan. All I needed was my state-issued ID.

    I looked around and saw diamond rings, silver, gold coins, diamond tennis bracelets, and even some designer sneakers. All the things were in great shape, and I was amazed at how many different name-brand items they had.

    I asked the pawnbroker about ensuring that the goods they receive are not stolen goods. He explained they work with law enforcement, take people’s state-issued ID, and have a process to check serial numbers, etc.

    Chanel Handbag Sitting On Luggage

    He explained that some customers bring in items because they have an unexpected expense come up and need quick cash. He explained that the store always hopes all customers will pay for their loans and get their items back, but sometimes they don’t, and the things they brought in are eventually put up for sale to cover the costs of the loan.

    He also said that the shop would buy valuable things for the best price to help people out.

    I was impressed at the professionalism of the pawnbroker and his willingness to explain the process of buying, selling, and pawning designer handbags. He knew a lot about how to sell designer handbags, what they were worth if they were genuine, and what accessories complemented them. He showed me a few shoulder bags that had recently come in, but I wanted a Louis Vuitton.

    After appraising my jewelry, he gave me a quote and let me know it was up to me to either accept the offer or not. I decided to try a pawn loan to get cash to add to what I already had.

    I knew I had a check coming in from some extra work and thought I would use it to pay the loan amount back. Between the cash, they offered me, and what I brought in, I had enough to purchase a Chanel purse I had been eyeing.

    A Happy Chanel Owner Thanks to Lambert Pawn

    As I left the Lambert Pawn, I knew that the Chanel purse I purchased and the few other accessories I just had to have were authentic. I smiled, knowing that I got top dollar for my gold jewelry, and without it, I couldn’t have purchased what I did. Lambert Pawn was the perfect place to make my dreams come true.

  • Wheels and Deals. Are There Pawn Shops Where You Can Get A Motorcycle Pawn Loan?

    Wheels and Deals. Are There Pawn Shops Where You Can Get A Motorcycle Pawn Loan?

    Wheels and Deals. Are There Pawnshop Where You Can Get A Motorcycle Pawn Loan? Pawning A Motorcycle!

    People have dreamed of self-propelling, motion, and action since the 19th Century, when the dream was to move from a horsedrawn carriage to a motorized vehicle, bike, trike, or just about anything with wheels.

    In 1884, Edward Butler in Great Britain designed the first commercial three-wheeler, and by 1900 manufacturers were converting bicycles, known then as pedal cycles, into motorized transportation by adding a small cash engine. Manufacturers within the industry attended motorcycle trials and competitions. In 1907, the first Tourist Trophy motorcycle races were held on the Isle of Man. Ideas were put into motion for the early two-stroke-cycle designs to carbon-fiber-reinforced bodywork.

    Harley Motorcycle Black

    Motorcycles have both two-stroke and four-stroke cycle engines. The smallest motorcycle is a 50cc engine, and the largest is Triumph Rocket 3 with a 2,458 cc engine, bigger than most compact cars. Smaller designs get up to 100 miles per gallon but may not be permitted on public roadways because they have only low-speed capabilities. There are also child bikes, trail bikes, touring bikes, racing bikes, and superbikes.

    Motorcycle frames are made of a combination of tubes and sheets made from steel. Wheels are typically aluminum or steel with spikes, and the most recent models may contain graphite, composite, and magnesium parts. These materials provide good strength with less weight. Tires are smaller and rounder and designed to help with the center of gravity so that riders can lean without losing traction. The shape and size of the tires help with improving stability and cornering ability.

    Moving forward to 2022, the best motorcycle brands are Honda, Yamaha, Suzuki, Kawasaki, BMW, Ducati, Triumph, KTM, Indian, and Harley Davidson.

    Indian Motorcycle Logo On Side Of Tank

    The Indian Motorcycle

    The Indian Motorcycles Company was founded in 1897 by George M. Hendee. By 1916 a two-stroke Model K featherweight with an open cradle frame. The Model K was manufactured for one year and was replaced in 1917 by the Model O with a four-stroke flat-twin engine and a new style frame. It was manufactured until 1919.

    As the US entered WWI, Indian sold most of its Powerplus line in 1917 and 1918 to the US Government. This made fewer bikes available to dealerships and turned to other models to sell.

    While Indian shared in the business boom of the 1920s, it had lost its Number One position in the US market to Harley-Davidson.

    Harley Davidson Logo On Side Of Tank

    Harley Davidson

    As the US entered WWI, The Indian Motorcycle Company sold most of the Powerplus line to the US government, leaving dealers limited availability. This allowed Harley Davidson to fill the need for domestic-made motorcycles making Harley Davidson the number one manufacturer in the US market.

    Few motorcycle brands command the same name recognition as Harley-Davidson. The iconic American company established in the early 1900s has developed an enormous following and remains one of the world’s largest manufacturers in the industry.

    The creation of the brand occurred when childhood friends William Harley and Arthur Davidson had an early fascination with bicycles and worked on prototypes for motorcycles in a small shed available to them. They spent all their spare time trying to make the perfect bike. In 1903 in Milwaukee, Wisconsin, the first Harley Davidson was released, and by 1950, the Harley Davidson factory produced 50 bikes. During WWII, about 88,000 motorcycles and repair parts were built for the military.

    To this day, Harley-Davidson remains an iconic American motorcycle brand.

     

    Why Ride on Two Wheels?

    From fun to saving gas, all riders have their reason for buying and riding a motorcycle. Sometimes, the purchase is trendy, for cruising, or to economically travel from place to place.

    Owing and riding a motorcycle can be a fun hobby with the wind in your face; freedom soars.

    Motorcycles get better gas mileage with an average of 35-40 miles per gallon, with some bikes getting 60-70 miles per gallon. With current gas prices, it just makes sense.

    Motorcycle riding increases heart rates and adrenaline levels like light exercise.

     A new motorcycle is cheaper to buy than a traditional vehicle.

     Motorcycles provide a sense of power, freedom, style, and notoriety.

    Motorcycles can be the centerpiece of a larger group of people who hold the same interest. Riders have built friendly communities with a love to ride. During the warm summer months, it’s not unusual to see a string of motorcycles and their riders touring together.

    Bikes made by Harley-Davidson, BMW, and Ducati, hold their value, and Kelley Blue Book Official Motorcycle Guide reports they retain an average of 84% of their value over five years. Bikes aren’t the perfect investment but balanced with their initial cost and fuel efficiency and how they retain their value, they are an asset.

    Motorcycles are an asset.

    Your motorcycle may be just the ticket if you need a fast cash loan. Dirt bikes, street bikes, Harley Davidson, Yamaha, and other brands will give you quick cash when you use it as collateral for a pawn loan.

    How does a pawn motorcycle title loan work?

    Pawning a motorcycle at a pawn shop is not a title loan. The pawn shop holds the title and also stores the bike in a safe place, so it doesn’t get damaged and is good as new when you come back to pick it up.

    1. Make sure to bring your title and the bike to the pawn shop whenever you try to get a pawn loan.

    2. Pawn loans don’t require a credit check or income to debt requirements, and there are no eligibility requirements other than a state-issued ID, a clear title, and a bike with a value that will cover the loan amount.

    3. Have an idea about of cash you need.

    4. To get collateral loans against your bike, you must own the motorcycle outright, and a lien search is done on the day you come in to get quick cash to make sure there are no liens against the bike title.

    5. Many motorcycle owners know how much their bike is worth, and you don’t have to take the entire valued amount. If you don’t know what your bike is worth, that’s not a problem. A pawn shop will look up the bike’s market value and be able to give a quick estimate.

    6. Once a value is determined, the pawn shop will go over the contract with all disclosures, including the interest rate and the length of time you have to pay back the loan and tell you about any other refinance options such as extending the time to repay the loan.

    7. Once the loan amount is paid in full, you can pick back up your bike.

    Collateral loans are intended to be short-term loans to meet short-term financial needs. Obtaining a pawn loan is quick and easy. If you want to sell your bike outright, the same process will take place, but instead of owing the cash amount back, you will leave the bike, sign off on the clear title, and leave with cash in hand.

    Lambert Pawn Shop in Whittier CA

    Lambert Pawn Shop

    Are you living in Whitter, CA, or in or around the communities of La Habra, La Habra Heights, Hacienda Heights, El Rancho, or Rowland Heights and have a motorcycle sitting in your garage?

    Lambert Pawn is a full-service, California-licensed pawn shop dedicated to helping its customers with any money needs. With over 25 years of combined experience as pawnbrokers, Lambert Pawn has a flexible, fast, and easy process for buying, selling, or pawning luxury items.

    Visiting Lambert Pawn Shop provides you, their customer, with a convenient solution for short-term cash.

    Lambert Pawn accepts jewelry, gold, electronics, guns, musical instruments, brand name tools, and MOTORCYCLES.

    Motorcycle pawn loans are an area Lambert pawnbrokers specialize in. A pawn loan may be the answer if you need to have quick cash because life got in the way due to an unexpected layoff, travel request, repair, or funeral. Unlike personal loans requiring an application, credit check, and a waiting period for approval of the loan amount, pawn loans are quick, easy, and convenient.

    Put a solution to your financial needs in motion and stop by Lambert Pawn Shop today!

  • Where Can Buy, Sell, or Get a Loan On My Name Brand Shoes?

    Where Can Buy, Sell, or Get a Loan On My Name Brand Shoes?

    Where Can I Walk In and Either Buy, Sell, or Get a Loan On My Name Brand Shoes?

    Quick and easy answer: A pawn shop!

    Pawn shops that buy shoes are a hop, skip, and jump away from where you live. Living in or around Whittier, CA?

    Lambert Pawn

    Lambert Pawn is committed to providing the communities in and around Whittier, East Whitter, South Whittier, LaHabra, La Habra Heights, Hacienda Heights, and El Rancho with the best place to buy, sell, and pawn designer sneakers, gold, diamonds, gold jewelry, luxury purses, name brand tools, musical instruments, and electronics.

    One of the best places in the area, Lambert Pawn, has a website that describes what they take and how their business works. They also have an online store for customers to browse from the comfort of their homes. They have name-brand shoes and sneakers for the sneakerheads looking for a new pair of Air Jordan shoes to include in their cases. If you don’t want to buy a pair of sneakers, you might want to consider getting cash quickly by selling your luxury items or talking to their pawnbrokers in the pawn shop about getting a short-term cash loan.

    If you are looking for a quick and easy loan, you can get one free. Yes free. Visit their webpage, and you will find that every first-time pawn loan is free of charge. Bring an item of value and borrow up to $1500 for four months at 0% interest with no hidden fees.

    All appraisals are free, so you know precisely what value was placed on your luxury items. So many things you have stored in your closet are worth selling for instant cash. If you have a vast collection of luxury purses, gold jewelry you don’t wear, and things you once thought you liked a lot but are now getting tired of them taking up space, then bring them in for a quote so you can decide if you want to sell the things outright or get a loan on them.

    You can leave Lambert Pawn with stuff you want, money in hand, or both. You will leave with a smile on your face!

    pawn shop logo

    No Need to Break the Bank When You Find a Pawn Shops that Buy Shoes and Sells Shoes

    Pawn shops like Lambert Pawn are a great place to get things for your collection without breaking the bank. Stuff in a pawn shop has an affordable price on hard-to-find designer shoes and designer sneakers if you are a sneakerhead just starting.

    Looking for a style of sneakers but haven’t been able to find what you want for a reasonable price? Shop pawn shops that buy shoes and sell them.

    You may not be Jordan Geller, an American sneaker collector who founded and operated the ShoeZuem, a museum of 2,388 designer sneakers. Still, every great collector started with one sneaker that caught their eye.

    Collectible sneakers and shoes are sold at consignment stores and pawn shops. The difference in buying at a pawn shop is that you can touch, see, and experience the shoe before buying it. An average price for a pair of Jordan sneakers at a pawn shop is between $160 to $180, but the rarer the shoe, the higher the price.

    1972 Nike Waffle Racing Flat “Moon Shoe.”

    The 1972 Nike Waffle Racing Flat “Moon Shoe” was sold on July 23, 2019, for $437,500. You may not find this particular sneaker at a pawn shop, but who knows, call ahead, and they may be able to find one for you. Pawnbrokers are great resources and seem to know about different things available in the community. They might be interested in brokering a deal and will find it hard to find answers to your sneaker quest.

    According to Reddit, the most popular size of men’s sneakers to flip or add to a collection as an investment to sell in the future are sizes 9-12.

    Currently, at Lambert Pawn, there is a pair of Air Jordan 11 Retro Jubilee 25th Anniversary CT8012 011 Size 11 Clear Black for sale at an affordable price. To complement the sneaker, the pair comes with the original box. The shoes are in good condition.

    The Air Jordan 11 Retro Jubilee 25th Anniversary CT8012

    The Air Jordan 11 Retro Jubilee 25th Anniversary CT8012

    The Air Jordan 11 Retro Jubilee 25th Anniversary CT8012 011 Size 11m Clear Black has a unique colorway celebrating the 25t Anniversary. Released in December of 2020, the “Jubilee” references an original sketch by Tinker Hatfield during his design process in the 1990s. There is a “25” printed on the heels to honor the 25th anniversary. Originally the sneakers had a price tag of $220 retail each, which added up to just under $800,000 for Nike when the sneaker was released.

    Gucci Ace Sneaker With Bee

    There Are Different Designer Shoe and Designer Sneaker Brands

    Y-3, Nike, Adidas, Prada, Gucci, Christian Louboutin, and Balenciaga represent some of the top designer shoes and sneakers available. Shoe designers crafted specialized shoes and sneakers as original footwear. They select particular materials and patterns, decide what colors (colorways) will be chosen to make their design, and give direction on specialized features.

    As you decide how to start your sneakers and designer shoe collection, do some research to understand the particulars of each brand. Each brand was crafted for specific events, such as fundraisers or a celebrity or person. Some tips to the collector would be to learn as much as possible because the information will help you spot counterfeit shoes, and it is fun to understand the reasons behind their origin. Understanding the history of collector shoes is fun and exciting, and many websites cater to the sneakerhead.

    Pawn shops aren’t always about deals, money, and stuff at a reasonable price. Pawn shops are about professionalism and community. Lambert Pawn is a shop that buys shoes, boots, and sneakers in good or new condition. They take pride in the services they provide. Their pawnbrokers will create an easy process for you as a customer if you want to understand more details about what they offer.

    They pay more than most pawn shops for hard-to-find and valuable items while offering you a good price. They are one of the pawn shops that buy shoes. Don’t want to deal with the process of trying to sell shoes online, come in today; Lambert Pawn will help.

  • I Never Knew Pawn Shops That Buys Shoes Sells Them Too, Did You?

    I Never Knew Pawn Shops That Buys Shoes Sells Them Too, Did You?

    Pawn Shops That Buys Shoes and Sells Them Too

    Pawn shops never fail to amaze me. I was unaware that pawn shops buy high-end designer and highly sought-after sneakers for instant cash. And pawn shops sell, loan, and trade them too. Lambert Pawn is one of the pawn shops that buys shoes.

    To be honest, I hadn’t really thought about designer shoes from a pawn shop or as a collection until I was introduced to the amazing MC Hammer (Mike Hammer) from Pawn Leads. He told me that the person who seeks to buy Air Jordan’s to add to their collection is called a ‘sneakerhead.’ This is simply amazing!

    So off on my journey, I went to understand sneakerheads and, why Nike, Durant, Jordan, Forces, Dunks, Maxes, and LeBron are important to add to a sneaker collection, and why pawn shops pay top dollar. For a stunning pair of ‘kicks.’

    The Slang Word ‘Kicks’ is for Shoes

    Unbeknownst to me, ‘kicks’ means sneakers. Possibly evolving from the expression ‘kick off your shoes as an expression to take off your shoes without your using your hands, I now have a new vocabulary word. ‘Kicks’ means sneakers.

    designer shoes

    ‘Sneakerhead’

    As my word box grew with all the new lingo, I quickly learned in my research that a ‘sneakerhead’ is a person who collects shoes or sneakers, and their focus is typically on more trendy shoes.

    These folks are willing to stand in long lines; you know, the ones that wrap around buildings, to be able to buy an exclusive sneaker like a Jordan or LeBron. They will travel to the ends of the earth, reaching deep into their cash reserves to score a one-of-a-kind exclusive brand.

    If you look in a sneakerhead’s closet, there will be boxes of name-brand shoes taking up most of the space. Sneakerheads will make an appointment with a reminder so they don’t miss new releases.

    Like most collectors, sneakerheads are misunderstood by people that don’t collect shoes. I have to admit I was one of these people.

    The Influence of the Hip-Hop Movement on Sneakerheads

    The hip-hop movement and culture and the art movement were created by African Americans, Latino Americans, and Caribbean Americans in the Bronx, New York City.

    Unique clothing and sneakers could be easily customized, so anyone wearing these items would stand out in a crowd. Followers of the movement were called B-boys and B-girls.

    Coordinating laces to an outfit or coloring in a pair of Adidas stripes achieved the style and statement needed to say ‘unique.’

    Breakdancing – The beginning of the sneaker craze

    Breakdancing was alive and well, and the B-boy or B-girl term originated with the influence of DJ Herc, who noticed that the dancers would react differently to a drum break in the music. He coined the name of the dancers as break-boys or break-girls (B-boys, B-girls). It wasn’t unheard of for a b-boy who found a shoe he liked to buy more than one pair of them so he could have them if the original one wore out.

    The Sneaker Craze Goes Wild

    By 1985 the sneaker craze went wild when Nike and Michael Jordan introduced Air Jordans. The price in 1985 was $125, and these shoes were epic and highly sought after as a status symbol. B-boys and b-girls no longer had to color in stripes on a pair of Adidas, and they could wear a pair of Nike shoes and stand out in the crowd as someone.

    Until I researched the sneakerheads and pawn shops that sell shoes, I had no idea that my own children who asked me if they could buy the $125 Air Jordans could have now been sitting on something worth selling. I, of course, said ‘no’ at the time and had no idea that had I listened to the tips ‘but mom everyone is getting them’ and ‘they are so in style’ my children could have all invested in the future. Oh well, too little too late for this mom.

    Nike continued to produce a new style of Jordan shoes every year, which increased its popularity. By the beginning of 1990, estimates were that 1 in every 12 Americans owned a pair of Air Jordan shoes. (Not my kiddos 🙂

    With so many customers having Air Jordan’s B-boys and girls wanting their shoes to stand out and catch the eye of the crowd, Air Jordans became less important.

    The sneakerheads of the ’90s began shopping shoe shops for unique styles. They would buy more than one pair to have a backup when the others wore out.

    It wasn’t unusual for a sneakerhead to travel long distances to find a shoe or sneaker that would just sit in the box in the closet. Unique ‘kicks’ (shoes) were the thing, and companies started producing limited edition color schemes and materials to help further their sales and expand their profit.

    Nike realized that limited edition color schemes and materials were selling points, and they produced the Dunk and the Air Force 1 as a limited edition, making these shoes a must-have.

    Air Jordan 1 Colorways 1985

    Why are Colorways Important When It Comes to Stepping Up Your Shoe Collection?

    Special colorways were limited runs of exclusive shoes that were available worldwide. Less than 500 pairs of shoes were often made and released to sell at handpicked specialty boutiques. This exclusivity heightened the craze and the need for sneakerheads to have the shoes.

    There are exclusive colorways that sneakerheads are willing to travel many miles.

    Nike would suggest a price, and the boutiques could mark the price up to and sell the shoes for whatever they wanted. The boutiques didn’t make deals and cut prices; typically, boutiques made a huge profit by playing on the exclusivity of the product and charging high prices.

    Friends and Family Editions

    Another sales ploy was to design and create an even rarer collectible shoe. These creations caused an even bigger frenzy. One rare design is the ‘Friends and Family’ editions.

    These shoes were created with a specific colorway for a celebrity or company. Time and thought went into creating a shoe for a specific celebrity or person. The shoes were then given away as promotional items or gifts.

    Normally only about 100 pairs are made, making them a rare jewel for sneakerheads.

    Prototype Samples

    Prototype samples are also a hot item and will step up a sneakerhead’s vast collection if they can be found. But these shoes are extremely rare.

    The ‘Player’s Edition’ colorways are made for high-profile celebrities for their own personal collection. These shoes are the gold and diamonds of the air sneakerhead world.

    Air Jordan IV Eminem x Carhartt

    Thus far, I have learned who are sneakerheads, what impact the hip-hop culture and break dancing had on shoes, what b-boys and b-girls are, and how famous shoe brands became even more famous by using exclusivity colorways and prototype samples to build furry around finding name brand shoes. I always thought diamonds were diamonds and gold was gold, but little did I know that having the perfect kick for a sneakerhead was just as valuable.

    Kicks Sneakerheads Must Get

    Air Jordan IV Eminem x Carhartt

    These shoes were made with a three-way collaboration between the sneaker brand, rapper, and workwear label. Only ten pairs of these shoes were made, and they were auctioned for charity in 2015. The highest bid was $30,100, and the lowest was $18,750.

    Nike and Michael Jordan created air Jordan. The brand has driven sneakerheads crazy with its unique and unforgettable colorways and style.

    Nike Black & Tans

    Causing a little unintentional opps, these shoes were created to toast the popular drink and released for St. Patrick’s Day. The Black and Tans name also left a “bad taste’ for people on Emerald Isle for events during WWI. The misstep of naming the shoe a controversial name wasn’t intentional but also made the shoe very collectible.

    Nike SB Dunk low freddy kruger shoe

    Nike Low Freddy

    Freddy Krueger, a popular horror fill star, inspired Nike to create the Nike Low Freddy in 2007. A shiny swoosh like his knife-laden glove spattered blood highlights and melted flesh insoles are for the on-the-edge sneakerhead’s collection with stripes similar to those on Freddy’s sweater.

    Air Jordan Retro IV ‘Eminems’

    This shoe was a friend and family release, and only 50 pairs of blue and black Air Jordans were made.

    The pairs were made for rap artist Eminem in 2004 to celebrate the release of his 4th album. Eminem’s name is stitched on the inside of the tongue, and the album title is on the heel pull.

    Nike Dunk Low Paris

    Released in 2004 as a part of ‘White Dunk: Evolution of an Icon’ art installation in Paris, France, only 202 pairs were made. All the shoes were made featuring different artwork samples from painter Bernard Buffet. Each pair is unique and one of a kind. Sneakerheads want these shoes for the details because exactly 202 pairs were made.

    An unused pair could easily cost a sneakerhead $60,000.00.
    pawn shops that buy shoes

    I must say that the Nike Dunk Low Paris is quite intriguing. I won’t be collecting shoes anytime soon, but I thought the exclusivity of having a different piece of artwork on the shoe would be super cool. It has a statement and style I’d phone home about.

    Most Expensive Sneakers Ever Made

    Solid Gold OVO x Air Jordans – $2 Million 

    Sneakerheads will get into shape if they score a pair of Solid Gold OVO X Air Jordans, with each shoe weighing 50 pounds. Drake collaborated with Nike to make the solid gold OVO X Air Jordan. Created by American artist Matthew Senna these are worth their weight in gold.

    designer shoes

    Buscemi 100 MM Diamond – $132,000

    Sneakerheads will pay whatever it takes to secure a unique pair, and this is indeed a unique pair loaded with 11.5 carats of diamonds and set in 18-karat gold. This is the ‘diamond jewelry equivalent’ to a diamond engagement ring or Rolex watch for a devoted sneakerhead.

    Where are the best places to shop for exclusive designer shoes?

    There are many famous footwear brands that sneakerheads are willing to pay top dollar for. Unlike Nike, Gucci, Louis Vuitton, Dr. Marten, and Chanel, other designer brands are hard to find, even for the most skilled sneakerhead.

    If a super active person takes 12,50 steps a day, can you imagine the steps a sneakerhead will take to find an exclusive brand or meet up with someone who has decided their Nike Dunk Low Paris is now worth selling to get cash quickly?

    Online Stores, Auction Sites, and Consignment Stores

    There are online stores that sell designer shoes, heels, and boots. If you decide to become a sneakerhead, do your research to ensure that the brands you are buying are authentic and are in good condition for the sale price listed. Ask upfront about return policies and if the store ships.

    Online auctions may be a place where you can watch and bid on the perfect shoe that fits your collection. After deciding what pair of shoes you would like to buy, investigate to know what a good price is for the shoes, so you don’t overpay. There are online stores that sell designer shoes, heels, and boots. If you decide to become a sneakerhead, research to ensure that the brands you buy are authentic and in good condition for the sale price listed.

    pawn broker symbol as sign

    Pawn Shops

    At the beginning of the article, I said I had no idea that pawn shops would buy, sell, and loan on designer shoes as part of the luxury items they have in their inventory. Not being a sneakerhead, I didn’t know that footwear was such a thing. I knew that Gucci, Chanel, and Louis Vuitton all had luxury clothing lines but hadn’t given much thought to pawn shops having these items as part of their inventory.

    Odd or Different Items at A Pawn Shop

    As a business, pawn shops are among the best places to find odd or different luxury items at an affordable price, and I learned this includes exclusive shoe brands. Silly me, I knew luxury items like watches, diamonds, and handbags were a part of many local pawn shops’ inventories, but I didn’t consider searching for pawn shops that buy shoes or pawn shops that sell shoes even a thing.

    Pawn shops are a great place to explore and find the items you have been looking for at a fraction of the cost. If you are looking for a fair price on most luxury items like gold, silver, diamond jewelry, sporting goods, and designer accessories where customers are treated well, shop at a pawn shop.

    Now I know that people who collect, buy and sell designer footwear shop at their local pawn shops.

    Collecting designer shoes, heels, flats, boots, accessories, and clothing all have their place. Sneakerheads have figured out what collectible shoes are worth and which shoes will turn a profit in time.

    Pawn shops that buys shoes

    A well-made pair of shoes is a piece of art.

    They are made with foundation, comfort, and durability in mind. They give great support and padding, and they need to hug and not constrict. They have balanced arch support and provide a foundation for every activity.

    But most collectible shoes aren’t worn; they are kept in new or like-new condition and stored in the collectors’ closet, most likely in original boxes. The history and details of the designer shoes make them an investment.

    Lambert Pawn

    We want you to know that Lambert Pawn is a full-service pawn shop located in Whitter, CA. Being a licensed pawn shop, the expert team is dedicated to helping all of its customers get the money they need quickly and courteously.

    We have the answers you need with over 25 years of combined experience as pawnbrokers. Our luxury brands, designer shoes and handbags, diamond and gold jewelry, like new sporting goods, and extremely rare collectibles are all sold for a fair price.

    We are the best place to secure a short-term collateral loan providing you with a convenient solution to your cash needs.

    We sell shoes online through our online store and have other items like electronics, guns, musical instruments, and brand-name tools.

    To help make buying, selling, and pawning easier, we have an online process where you can send us a picture and description of the item you want to sell, and we can give you a quote immediately.

    The saying says if the shoe fits wear it. At Lambert Pawn, we have an inventory of rare, collectible designer sneakers that changes regularly, and we also buy and loan on designer sneakers.

    Come by and see us today! You will be happy you did!

  • Accurate Gold & Metals Testing at Lambert Pawn Shop

    Accurate Gold & Metals Testing at Lambert Pawn Shop

    Accurate Gold & Metals Testing at Lambert Pawn Shop

    At Lambert Pawn Shop we invest in the latest technology to provide accurate gold, coin, precious metal, and jewelry evaluations to our pawn shop customers. We use a Thermo Scientific™ Niton™ DXL Precious Metal Analyzer that tests your gold’s karat weight in seconds, with just a push of a button. 

    Why does accurate metal testing matter?

    You could be getting more for your item for loan or sale! Gold purity generally ranges from 10kt to 24kt, and most jewelry is made in 14kt gold. If you have 18kt to 22kt jewelry some pawn shops could pay you less unless their staff is prepared to evaluate your item properly.

    Accurate gold testing to get the most cash!

    How does getting a pawn loan with jewelry and gold work?

     

    Bring collateral

    We buy and loan on gold and precious metal jewelry, coins, and bullion

    Accurate Evaluation

    We offer the most money for your item with confidence in our evaluation

    Get cash

    Present a valid ID and one of our associates will help you walk out with cash today

     

    Can my gold and jewelry be damaged when testing for gold purity?

    Testing gold and other metals by traditional means, like using a jeweler’s stone with nitric acid, generally does not cause damage to your items with the exception of minor scuffing that could be polished out. But if you have heavier jewelry or coins, most pawn shops could require a filing of the item to pour acid directly on the exposed metal to get past any potential platting, causing significant damage and reduction in metal weight. 

    “Our Precious Metal Analyzer can help sift through your jewelry to help identify item’s of value without damaging your items.”

     

    Wether you’re getting a loan or selling your jewelry & precious metals, Lambert Pawn is poised to make a competitive offer based on your item’s weight and purity. Come see us today to get your free and accurate evaluation.

  • Most Popular Items to Pawn

    Most Popular Items to Pawn

    Pawn shops have a lot of stigmas attached to them that aren’t true. One of them that we find fairly comical is that the only items you can pawn are invaluable, rare antiques. Often when people are considering getting quick access to cash via a pawn loan, they think that they need to scrounge through their grandma’s attic to find a long-lost rare piece of art. We find a lot of people shoot down the idea of pawning because they almost immediately assume that they don’t have anything a pawn shop would be interested.

    Here’s the truth of why this is such a painful misconception to the rest of us in the pawn industry: we don’t routinely have customers enter our doors with a personally signed portrait of Abraham Lincoln. Nor do our customers often negotiate a loan with us on an original American flag sewn by Betsy Ross herself. We don’t expect to see items like this in our stores every day, or to be quite frank, ever.

    Popular Items to Pawn

    Most Popular Items to Pawn

    Most folks bring normal, everyday, high-value items in exchange for a quick loan. Items that most of us have in our homes. If you are a typical, hardworking person who was lucky if their grandparents left them a portion of their hard-earned savings, this post is for you. Let’s take a look at the most popular, everyday items that are used as collateral for pawn loans.

    Pawn Electronics

    Smartphones? Laptops? Flat screen TVs? If your electronics are in working condition, don’t write them off as useless. Even if they have minor cosmetic damage. They are a popular pawn item.

    Pawn Jewelry

    Gold, silver, diamonds, gemstones? They don’t have to be vintage or even pretty. When it comes to jewelry, it’s not the design but the material that creates the item’s value.

    Pawn Firearms

    Hunters rejoice! Firearms are one of the most popular items pawn shops will agree to a deal on. Trust us, it DOES NOT have to be a rifle from the Civil War. New/old, pistol/rifle, accessories/no accessories – it doesn’t matter. If your firearm is in working condition and clean, you will not have a problem making a pawn deal.

    Pawn Power Tools

    Yep, tools. Particularly power tools can earn you a hefty amount of collateral. If you have a box of tax returns sitting on top of the table saw that you thought you’d use to make a treehouse for your kids, you have an item that you can pawn.

    Let go of the idea that you have nothing that a pawn shop would be interested in. Also maybe turn off the TV and stop watching all of those reality pawn shows. You live in the real real world and so do we. Which means, we are interested in your everyday items.

    P.S. If you do happen to have a signed portrait of Abraham Lincoln or a flag sewn by Betsy Ross, we’d love to make you an offer.

     

  • Why Finance a Business through Pawn Loans

    Why Finance a Business through Pawn Loans

    “They must be in serious financial distress.” That has been a common perception of folks who seek out pawn loans.

    However, current trends indicate quite the opposite. With economic growth on the rise, small business owners are looking to grow their businesses, and entrepreneurs are looking to seize money-making opportunities. Unfortunately, the stagnant paper pushing that comes with business loan approvals does not allow much opportunity to carpe diem on any quick-moving deal. That is, unless, you have collateral on hand to back up the risk of your loan.

    Why Finance a Business through Pawn Loans

    Why Finance a Business through Pawn Loans

    Here enters the relatively new and successful relationship between pawn loans and business finance. Pawn shops are the new players in the world of business loans. Their customers are looking for loan amounts well over $5,000, and sometimes up to half a million. These large loans aren’t going towards personal needs, but instead are used to finance business operations or business deals that have a high sense of urgency.

    Besides the quick turnaround of pawn loans, small businesses and entrepreneurs find that the ease with which a loan can be obtained is also incredibly attractive. Most online and luxury pawn shops can close a loan within 24 hours without a credit check or submission of financial documents. Why would they care what your credit score is if they have your beloved Picasso as collateral?

    A recent instance of this – a client of one luxury pawn broker needed access to $400,000 in cash to close on a commercial real estate. The client had exactly one week to come up with the cash. You would be hard-pressed to find any bank that would approve such a loan in as little as one week. However, a pawn broker can because this client has a watch collection that could back up the risk of the loan.

    The fact is that banks are approving fewer small business loans than 10 years ago, with a reported gross drop of $200 million in total small business loan worth according to the FDIC. And just for fun, the already complicated loan approval process has continued to get more complicated. In short, banks aren’t helping themselves earn new small business clients. Entrepreneurs have no choice but to look for alternatives for three reasons.

    1. The chances of being approved are less likely
    2. The process for getting approved is too difficult
    3. The timeliness of funding is not consistent with the quick demands of business operations.

    It is hard to argue against the case for seeking small business financing through luxury pawn shops.

    The only battle that luxury pawn shops are up against is getting the word out to their affluent potential clients that all the assets they need to close a deal, are probably sitting in their closets and/or garages. However, word travels quickly in the world of business finance as we continue to see more luxury pawn shops pop-up online as well as in cities like Chicago, New York and LA.

  • Consignment Shop vs Pawn Shop

    Consignment Shop vs Pawn Shop

    What comes to mind when you hear “consignment shop”? What about “pawn shop”? We’ve noticed a lot of folks are not aware of the differences between consignment shops and pawn shops, and since we offer both options at Lambert Pawn, we thought it was worth clarifying.

    Consignment Shops vs Pawn Shops

    Consignment Shops vs Pawn Shops

    The difference between consignment shops and pawn shops comes down to 3 things:

    1. When the ownership of the item is relinquished
    2. When the seller is paid
    3. How the shop is paid

    When the ownership of the item is relinquished by the seller to the shop

    If you are looking to earn some cash, with no real urgency in turn for items you no longer want or need, you are looking for a consignment shop. If you have an immediate need for cash for items you know are worth some collateral but don’t necessarily want to sell, you are looking for a pawn shop.

    And that is the key difference when it comes to ownership of your item. You only relinquish ownership of your item to a pawn shop if you fail to meet the terms of the agreed upon loan (with the item held as collateral). A consignment shop exists specifically to take your unwanted items and sell them to the public, earning you a share of the sale price. This means ownership or authority of the item technically is relinquished when you leave your items at the consignment shop with an agreed upon understanding of the commission share.

    Consignment Shop Consignment Shop has ownership or selling authority over item once the commission shares are agreed upon and item is left with the shop. If item fails to sell, the seller is able to pick-up their unsold items.

    Pawn Shop Pawn shop owns the item if the seller fails to repay the short-term loan in accordance with the loan terms.

    When does the seller get paid?

    Let’s start by defining which party we are referring to when we speak of “sellers” for consignment and pawn shops. If you take items into a consignment or pawn shop to sell or receive a loan on, you are the seller. For the purpose of this article, the seller is not the party that is responsible for the actual sale of an item to the public, which will be referred to as the “shop”.

    Now that we have defined who the seller is, let’s talk about when the seller (you) gets paid. If you are bringing an item to a pawn shop, you will receive cash on the spot as an upfront advance on a short-term loan, which you will be expected to pay in full in accordance to the loan terms. If you don’t, you forfeit the ownership of the item to the pawn shop.

    Consignment shops have lower risk of losing an item but also have a higher risk of you not receiving any money at all. Fact of the matter is, if the item doesn’t sell, you don’t get paid. The bright side is that if the item doesn’t sell, you don’t lose it to the consignment shop but rather are free to pick it up and try another means of selling it.

    Consignment Shop Seller gets paid when the item sells. If item does not sell, seller receives item back.

    Pawn Shop Seller gets “paid” upfront with the item held as collateral. Seller received item back once loan terms are met in full.

    When is the shop paid?

    A consignment shop will get paid when the item sells. Typically the consignment shop will receive a percentage of the item’s sale price, with the seller receiving the other portion. Consignment shops typically have standard store policies on how percentages are charged. The seller should be fully aware of what the selling terms are before they relinquish their items to be sold by the shop.

    Pawn shops are paid in two ways. The most common earnings a pawn shop sees is from the interest charged on the pawn loan itself. Most pawn loans are paid back in full. However, if a loan is not paid in full, the pawn shop has a second opportunity for earning money and that is through sale of the item that was held as collateral.

    Consignment Shop Shop is paid when the item sells. The shop will keep a percentage of the sale price.

    Pawn Shop Shop is paid via interest on the pawn loan and/or through resale of forfeited items.

    Hopefully this clears up some of the misconceptions around secondhand stores. Consignment shops and pawn shops are really quite different from a seller’s perspective. Before you delve into an agreement with a secondhand shop, do your homework and make an educated decision on how to earn cash on your gently used items.