Do Pawn Shops Buy Scrap Silver?

Do Pawn Shops Buy Scrap Silver?

Pawn shops don’t abide by a one-size-fits-all approach to items that they will buy from customers. So if you’re wondering: “do pawn shops buy scrap silver?” the answer is, maybe. At Central Mega Pawn in Ontario, we buy scrap silver, but can’t speak for other pawn shops. Here’s everything to know about selling scrap silver to our shop.

What is Scrap Silver?

Scrap silver, also known as scrap bullion, is an informal term referring to any silver items that are only worth the value of the silver it contains. For example, a dulled, broken silver necklace is considered scrap silver. So is a single, silver fork that doesn’t match any other silverware you have. Scrap silver may include brooches, watches, jewelry, pins, medals, plaques, and much more.

Therefore, you may already have scrap silver in your home that you could turn into cash by selling it a pawn shop. Likewise, if you’re interested in trying to turn a profit, you can sometimes find scrap silver at garage sales, estate sales, or flea markets.

What is Scrap Silver Worth?

Scrap silver’s value will depend upon the current prices of silver. It also depends upon the purity and weight of the silver. In general, you need silver that is almost pure. Therefore you’ll need to find silver that is stamped with either “.950,” “.925,” or “sterling.” Unfortunately, silver-plated items won’t likely get you an offer at a pawn shop.

The purity of silver plays a major factor in the value of scrap silver you may have at your home. The purest form of silver is 99.9% pure and is represented as .999. However, 99.9% pure silver is too unstable for jewelry and flatware. That’s why in the USA, sterling silver, which is 92.5% silver is the standard. Most silver coins are less pure, typically 80-90% pure.

If you don’t see an imprint, or stamp on certain items, you can always purchase a silver testing kit. These are often sold at craft stores, or you can find one on Amazon, often for less than $20.

Though far from perfect, there are some online calculators that you can use to estimate what your scrap silver may be worth. However, it’s important to note that you’ll need to also know the weight of the item, and the current price for scrap silver. It’s probably easier to just bring it to a pawn shop once you’ve tested and confirmed that it is silver.

Selling Scrap Silver to a Pawn Shop

Pawn shops that buy scrap silver will be able to make you an offer based on the current value of the precious metal. The value of silver and gold tend to go up during times of economic uncertainty, or global unrest. This is because these precious metals are not impacted by the changing value of a dollar, so they become more valuable during economic downturns. Indeed, investors often turn to precious metals such as silver and gold, to diversify holdings during slowing economies.

Before you take your scrap silver to a pawn shop, you may want to wipe it down so that the purity imprint is visible but avoid polishing it. It’s just not necessary. You may also want to divide your scrap, into coins, flatware, collectibles or other. Pay particular attention to silver coins, as you can often find highly valuable coins and not know it, and you’ll want to make sure you get your money’s worth for it.

You’ll be in the best position to get the most money for your silver scrap, if you’ve read up on current prices, and know the total weight of the silver scrap you want to sell.

Why Sell Silver Scrap to a Pawn Shop?

Pawn shops offer convenience. Instead of tracking down a buyer online or on eBay, you can simply walk into a pawn shop (some of which are open seven days a week) with your silver. There’s no need to ship or insure anything. At a pawn shop you can also walk away easily and won’t be badgered with emails and phone calls trying to get you to reconsider.

Reputable pawnbrokers will examine and weigh the silver in front of you before making you an offer. You may also be able to negotiate for a better price at a pawn shop. If you’re trying to sell scrap silver online, this may be more difficult, as the buyer can’t see the scrap. Generally, speaking pawnshops offer prices similar to what you could expect to be offered if you took silver coins to a coin shop. But pawn shops are easier to find than coin shops these days.

Finally, consider that pawnshops may offer you more than you knew the silver was worth. Unless you’re an expert, trying to calculate the value of your scrap silver is risky at best. So even if you think you know what it is worth, be sure to let the pawn shop make you an offer first. It may turn out that you were going to ask for $100, but they offer you $175.

Sell Silver in the San Gabriel Valley

If you have silver you’d like to sell, including silver coins, silver jewelry, silver bars, silver utensils or scrap silver, Central Mega Pawn would like to make you an offer. As a longstanding, locally owned and operated pawn shop in Ontario, we’ve served the communities of Upland, Ontario, and Pomona for more than a decade. In addition to buying your silver, we also make pawn loans on silver, if you need a temporary loan to get you through a lean financial period.

We also buy and lend on gold bars, gold jewelry, gold coins, gold nuggets, and gold flake.

We’d love the opportunity to show you why Central Mega Pawn is the Inland Empire’s fastest growing pawn shop. We invite you to bring unwanted silver scrap, antiques, jewelry, sporting equipment, tools, instruments into our shop for our best offer. Central Mega Pawn is open seven days a week from 9:30 am – 6:00 pm. In the meantime, be sure to follow us on Facebook.

Do Pawn Shops in the Inland Empire Buy and Sell Hermès Designer Watches?

Do Pawn Shops in the Inland Empire Buy and Sell Hermès Designer Watches?

Hermès is a name that goes a long way back. Your ancestors may remember them for their exquisitely crafted leather goods and their art stays true to this day. You don’t need to be a serious collector to see the value in such beauty. The moment you lay your eyes upon a Hermès watch, you’ll understand all that you need to know as you struggle to break free from it’s mesmerizing features. Residents of the Inland Empire can buy and sell their Hermès designer watches at a trusty pawn shop as long as you know where to look.

The Hermès Legacy Grows Strong

The Hermès name is one that will forever go down in history. Where many brands have only been around for mere decades, this renowned company has been expertly crafting high-end pieces for over a century. For this reason alone, their watches are among the most sought-after around the globe.

An Honorable Reputation

Dating all the way back to 1837, Thierry Hermès began his business creating harnesses and saddles that the locals absolutely yearned for. It was everything they wanted in a smooth and luxurious ride which earned a well-deserved award thirty years later. A couple generations down the line, Émile Hermès introduced the company to watchmaking in 1928 and the brand’s name had skyrocketed in popularity ever since.

Being around for over 150 years, the Hermès company history is an impressive one to say the least. The brand continues to innovate, their most recent accomplishment being the release of their lip products in 2020. It’s safe to say that Hermès will continue to thrive as long as they keep their future on the horizon.

Indescribable Beauty

Hermès watches are recognized for their gorgeous simplicity. You can especially see their knack for design in the popular Cape Cod design, unifying modesty, functionality, and satisfying aesthetic all in one seamless motion.

Because design means so much to the brand, the artistic department is branched into specialized categories. Aside from the overall general director, there are ten teams each dedicated to a significant aspect of the company’s repertoire:

  • Hermès Horizons
  • Hermès Horloger
  • Men’s silk
  • Shoe and jewelry collections
  • Home universe
  • Hermès Parfums
  • Men’s universe
  • Women’s silk
  • Women’s ready-to-wear
  • Petith

Each of these groups are led by their own artistic and creative director to gracefully design products that never cease to amaze the people who love their work.

Innovative Spirit

As you can see with how the Hermès brand began their journey with saddles rather than watches, their designers continue to tread unfamiliar waters to find more ways to appeal to their fans so they may incorporate more of the company into their everyday lives. Being six generations deep into impeccable entrepreneurship, the French-based business also crafts various leather goods, make up, hats, and full apparel.

In a successful effort to keep up with the times, Hermès collaborated with Apple to create a designer band for the Apple Watch which went completely viral. Having one of these stylish, modern bands is sure to get you compliments wherever you go.

Buying and Selling Hermès Watches

As you can probably figure out from learning about what makes the brand so incredible, Hermès watches cost enough to make a dent in anyone’s bank account unless you know where to look. On the contrary, owning a Hermès watch can fetch you some decent cash if taken to the right place.

Buying a Hermès Watch

Hermès prides itself in its global online store, but like negotiating the ticket price on a car, buying a watch should be more flexible than submitting to the set retail price. When you go to a pawn shop, inventory prices are negotiable because although the pieces are like new, they each have their own unique backstory that can factor into the value. So if you’re looking to own a quality Hermès watch, this is the best method for saving a few extra bucks.

Arceau Petite Lune Price Comparison

Retail Price Est.Pawn Shop Price Est.

There’s no denying that purchasing from a pawn shop is a way better deal, and you won’t even have to give up quality because a good dealer will make sure that each piece is in the best shape before it goes under the glass. For almost half the price, it really is a no-brainer!

Selling a Hermès Watch

A Hermès watch can pack your wallet, but where would you even sell it? Posting a listing online is never a good idea because buyers will always look for the cheapest option and undervalue your watch. Not only that, but there are even more problems that come from selling online. If you take it to a reputable pawn shop, any expert evaluating your piece will appreciate the value and buy it from you for what it’s actually worth.

When looking for a reputable pawn shop to trust with your sales transaction, here are a few things to consider:

  • How long the business has been established
  • The amount and quality of their reviews
  • Their willingness to negotiate prices
  • Certifications and other acknowledgements
  • Friendliness among the staff

Finding a local pawn shop with all of these traits is not as hard as it seems. Before you go off spending precious time on unnecessary research, read ahead to discover the best place to go in the Inland Empire.

Inland Empire Pawn Shops

Where in the Inland Empire can you go that is trustworthy, safe, and friendly? Central Mega Pawn has designer watch experts that you can count on and they’ll always give you the best possible price for you whether you’re looking to buy or sell your Hermès watch. Their sheer number of positive reviews speak for themselves and they’ve been happily serving the area for over ten years so they have a great relationship with the local community. When you go to Central Mega Pawn, you can rest easy knowing that you’re in good hands.

Call Central Mega Pawn today at (909) 627-9622 or come visit 11031 South Central Avenue in Ontario, California for the best pawn shop experience in the Inland Empire!