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A pawn shop is a quick way to sell your used items for immediate cash. This blog will break down the tips for choosing the best pawn shop. So that you get your diamonds, gold, jewelry, antiques, power tools, collectibles, silver coins, or guns turned into cash. 

If you are in need of a pawn shop, you want to find one that treats you well and gives you the best deal, much like we do here at Galena Liberty Pawn. Whether you want to pawn something or buy an item, here are some tips for finding a good pawnshop

  1. Understand How A Good Pawn Shop Works

Pawnshops have maintained their prevalence through the years. Every generation faces financial challenges, and a good pawn shop is a place where you can get money instantly. It’s also a place to obtain second-hand items at a sensible price. At a pawn shop, you can do one of three things. You can buy items. You can sell an item outright. Or, you can pawn an item. 

When pawning, you give the pawnshop your item for a limited period in trade for a small cash loan. You then repay the loan along with interest and fees within that period. If you don’t pay on time, the pawnshop owns your item and resells it. If you take an item to a pawn shop, you choose whether to sell or pawn it. You shouldn’t pawn unless you know you can repay the loan. 

  1. A Good Pawn Shop Is Properly Licensed

Pawnshops must carry local and state licenses as well. A good pawn shop will have more than one license. They will have a pawnbroker’s license. Many will also have a secondhand dealer license as well as a general business license.

After all, if you are pawning an item, you will need confidence that the pawn owners will store your items properly and have insurance coverage to protest against theft or damages. This is not possible without proper licensing. This almost goes without saying, but steer clear of any pawn shop that isn’t licensed, as that proves they are not compliant with the law.

  1. A Good Pawn Shop Has Excellent Customer Service

A reputable pawn shop, like us, focuses on getting new customers and retaining their business. From the moment you walk in the door, our staff is very friendly and respectful. We are also upfront about our policies and loan terms. A good pawn shop does not need to be deceitful. Any paperwork and pawn tickets we hand out are written clearly and contain all the needed information.

Our staff is happy to answer any and all questions. We want to be sure you understand the contract. We never push a customer to sign anything until they are ready. The same applies if you are buying from us. The terms of sale are clear, we don’t overcharge. We charge based on the item’s current condition (not what the item would be worth if it were new). We also offer an authenticity guarantee when applicable.

Galena, MO is a very convenient location, come down to see us! We are worth the trip if you aren’t close, and you are sure to leave with a smile. Give us a call at (620) 383-0005, we can’t wait to hear from you!