Selling & Pawning Your Designer Watch: A Complete Guide
Have you always wanted to sell your designer watch but are afraid of the risks involved? An Arizona pawn shop may be your solution.
Pawn shops are everywhere. They offer quick cash for almost anything. That means they can give you a great deal of money for your expensive timepiece. However, if you want to pawn or sell your watch, you’ll need to be prepared.
We created this brief guide to help you know the basics when pawning or selling your designer watch. This way, you won’t be disappointed with the offer at the pawn shop.
What To Expect From Pawning Your Watch
A designer watch’s value will vary depending on some factors. It’s also impossible to forecast how much a pawn shop will offer you because each one is unique.
How do pawn shops establish value, then? The value of an object is determined by how much the pawn shop can get for it.
Consider the following before pawning or selling your watch.
The Watch Market Value
Market value, also known as OMV (Open Market Valuation), is the amount at which an item would sell at a competitive auction. In other words, it’s the price a willing buyer can offer to a seller.
What Is The Value Of The Watch Brand
Rolex, Omega, and Patek Philippe are among the more coveted brands. You might anticipate receiving more money for a more popular brand, at least among collectors. Most pawn shops don’t want to spend money on an obscure brand produced in China that nobody has ever heard of.
Leading luxury brands are:
- Audemars Piguet
What Is The Watch Demand In The Market?
Rolex and other designer watches are always in high demand. Rolex, for example, manufactures approximately one million handmade timepieces per year. However, if you go to a licensed dealer, don’t be shocked if they don’t have any stock. Some models are more well-known than others.
When a watch is in high demand, pawn shops are often willing to pay extra because there is little chance it won’t sell.
Pawn Shop’s Experience
Usually, pawn shops have years of expertise dealing with pricey watches and jewels. Additionally, many pawn shops have in-house specialists who can rapidly assess and even fix timepieces.
Most pawn shops know how much they can receive for a high-end watch and how long it might take them based on experience. Any Maricopa pawn shop knows how to deal with people selling or pawning their watches, so do not think you can trick them for a better offer.
The Condition Of Your Watch
The condition of your watch has a significant impact on how much you can get for it. A well-maintained one is simpler to sell and will bring in more money than one that requires maintenance.
Moreover, your watch might sell for more money if you have the original box and documents to verify its authenticity. Furthermore, if you can demonstrate that your watch has an intriguing history or provenance, you may be able to raise its worth.
Why Selling Or Pawning At A Pawn Shop?
One of the best methods for getting money quickly is to sell or pawn your watch at a pawn shop.
Selling Your Watch At A Pawn Shop Is Easy
You need a lot of money to advertise your watch or sell it on a website like eBay. It’s also possible that you won’t immediately find a buyer. Plus, there is no guarantee you will receive a better price for it. There’s also a chance that you’ll get scammed or that your watch will disappear.
With an Glendale pawn shop, you don’t have to worry about any of these factors. Selling requires less effort, and you will get a nice offer for the watch.
Pawning Your Watch Is Another Option
Your best alternative when showing your watch at a pawn shop is to pawn it, especially if you need a cash loan. Obtaining a collateral loan is simple and quick.
Why Selling Or Pawning At A Pawn Shop?
Before selling or pawning your watch at a pawn shop, follow these tips:
Clean Your Watch
If your watch is unclean, its value may decrease. Clean the watch’s exterior with warm soapy water. Use a gentle toothbrush to scrub it gently, then dry it with a paper towel. Avoid using harsh detergents.
Carefully Package It
You have an advantage if you always maintain product packaging since you can quickly put the watch back in its original box. Make sure to wipe the box to get rid of any dust.
Include the box’s documents, such as the warranty or tag. If you don’t have boxing, you can buy one.
Ensure your watch is working right by replacing its batteries if necessary.
Find A Reliable Arizona Pawn Shop
Last but not least, you must find the right pawn shop to get a nice deal for your watch. The Pawn Experts guarantee a unique service to ensure you obtain the right offer. You can also trust us to get quick cash and find relief with your finances. Contact us now to get started!