How does a pawn shop know how much to give for something?

Question

Like a digital camera, how could i find out how much a pawn shop would give me for it?

Answer 1

Other than calling that pawn shop or others in the same town, I think ebay may be you best bet for getting a good estimate.  

I would search on ebay for similar models that have sold (or auctions that are going to close soon) and print them out.  Show them to the pawn dealer if they offer you less and tell him that it is worth more.

Also, FYI, for anyone else who thinks this is a great way to get money from their brother who owes them, remember its against the law to buy or sell stolen goods.

Answer 2

they give you less than they will sell it for.  like if they get $100 for it they will probably give you $70 to make their profit

Answer 3

not a lot but you should go and ask around in pawn shops

Answer 4

For appliances, they base on the year model, its current price, the re-sale value and pay you 1/4 the price.

For gold or other metal. they have certain prices per gram:

a 24-karat has a different price per gram from a 10-karat gold, silver has its own gram price and so on and so forth.

Now, they use a digital weighing scale.

The gemstones have another way of pricing:  

      1.  the quality of the stone

      2.  the bigger the cut, the higher the price

      3.  the lesser the sides, the higher the price

But in almost all cases, they give loan equaivalent to 1/4 the true value of the pawn.