It can be a difficult decision to choose to sell something valuable. Is the memory of this enough? Am I going to regret selling this later? Am I going to get a fair price for this? It’s this last point that we’re here to help you address! Here are some tips for getting the best value for your item, when pawning.
1) Be aware of the quality of your item
There are probably hundreds of thousands of copies of Sgt. Pepper’s Lonely Hearts Club Band by the Beatles on vinyl, and each one has likely had, barring some sort of strange coincidence, a completely different owner. Doubtlessly the condition it’s in can vary from person to person, from unplayable, to unopened. When you’re selling your item, compare it to other copies or instances of the same item as much as possible, so that you can get a handle on the condition of your item. This will help you have an idea of the fairest price for your item when you’re ready to sell it to a pawnbroker.
2) Be aware of the scarcity of your item
In our previous example, we used The Beatles’ Sgt. Pepper’s Lonely Hearts Club Band album. A seminal record for the band and for music, it was, and continues to be insanely popular. But even in a niche format like vinyl, this is an album that’s quite easy to find in the wild. It’s unlikely you’ll get more than the market amount when pawning. This is alright if you’re looking to get any amount that you can for it. However, imagine if the album were autographed by one or more of the Beatles? Or if it were a rare test pressing? At that point, you would have a rare album on your hands, which would command more money in a marketplace. Do some research to see if your item is a bit more rare than you first thought.
3) Be firm!
If you’ve done your research on your item as we’ve talked about above, you should have a good idea of the true value of your particular item, taking into account its scarcity and quality. Do not move too far from your calculated price! Part of negotiation is knowing when you’re not getting a fair deal from your buyer. By standing firm you’re likely to keep the upper hand, and the best price, in a negotiation.