Pawn shops are well known for their services. They not only offer cash loans if you have the right collateral, but they also purchase items that are in high demand. Jewellery items, including wrist and pocket watches, are among the items that pawn shops tend to acquire and sell. If you have a watch you no longer want, consider selling it to the pawn shop for extra cash.
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Things you need
- Photo ID
Check with the National Pawnbrokers Association (see Resources) to find the closest legitimate pawn shop. Be weary of doing business with a pawn shop that does not have an established reputation.
Look up the value of your watch before you head to the pawn shop. Keep in mind that you are not going to get the value of the watch from the pawn shop. That is what the pawn shop can sell it for. In order for them to make a profit, they have to offer you less.
Show the pawnbroker your watch and ask him how much he is willing to pay for it. If the price seems fair continue with the transaction. Otherwise, try another pawn shop to see if you can obtain a better deal.
Provide the pawnbroker with your ID, and fill out the required paperwork. The paperwork is required by the authorities to protect against items that are sold fraudulently.
Turn over the watch and collect your cash.
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