What Do Pawn Shops Normally Take?

By Kathy Zheng

Pawn shops can provide customers with quick loans for their goods.
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For those in need of fast cash, a pawn shop will lend money using a person's valuables as collateral. Different pawn shops require different types of collateral. They will typically give less than the full value of goods so they can sell the goods for a profit if the customer doesn't return to repay the loan.

Gold, Silver and Platinum

One common category of collateral for pawn shops is gold and other precious metals. Gold, silver and platinum are easy for a pawn shops to value because they are traded on public markets and have constantly updated prices. This category is extremely popular due to the high price of these items.

Watches and Jewelry

Jewelry and watches are another popular category for pawn shops. Many of these items carry great value, and they are easily transportable. In addition, it's easy to track the market value of jewelry. Jewelry and watches also make attractive window pieces, adding to the benefit for the shop.


Many pawn shops will loan money against electronics such as computers, cell phones and tablet computers. These items are in high demand, particularly used electronics that can be priced much cheaper than new ones. Computers and phones are easy to value because so much pricing information is available.

Other Items

Musical instruments in good condition have good resale value and are often used as collateral at pawn shops. Furs and leather goods are popular items as well. In addition, sports memorabilia such as jerseys, cards and signed balls and equipment are commonly accepted at pawn shops. All of these items can be easily valued because of the amount of pricing information available.