If you are thinking about selling a designer watch that you currently own, you should carefully weigh every option. Your designer watch is valuable, and you deserve to get as much as possible for it. Chances are, you have already considered your many options on where to sell your designer watch, as well as how much you can expect to get for it at each place. However, if you have not already done so, you should seriously consider selling your designer watch at your local pawn shop.
Although how much a pawn shop will pay for a designer watch will vary on a handful of factors, which we will go into much further detail about below, every pawn shop is different. As a result, it is impossible to predict exact figures for how much a pawn shop will pay for a particular designer watch. Use these factors as a handy guide to learn how your local pawn shop will determine how much to offer for your designer watch.
Demand – Designer brands or styles that are classic or have recently come into fashion will get great offers. If your designer watch is not in high demand, your local pawnbroker may have a hard time reselling it. However, if your watch features things like diamonds, or other precious gems or metals, you can expect a high offer. You can determine how in demand your watch is by searching the brand online, as well as the make and model of your watch and seeing what people are saying about it.
Brand – Certain watch brands, like Rolex or Cartier, will always fetch a high price. This is because the brand name recognition alone provides value, and because they are known for their durability and long-lasting desirability. If you are selling a watch from any of these following brands, your local pawn shop will likely offer a high price:
- Patek Phillipe
- Vacheron Constantin
- TAG Heuer
If your watch brand is not on this list, do not despair. Other well-respected but not quite luxurious watches from designers like Fossil or Timex may still sell for a reasonable price.
Condition – Although broken or slightly imperfect designer watches will still have value, your watch’s condition is a huge factor in how much you can expect for it. The more attractive and well-maintained your watch is, the more you can expect. The easier you make it for your pawnbroker to resell your designer watch, the more interested they will be in it.
Completeness – Especially for extremely high-value watches, having the accompanying boxes, packaging, and paperwork to prove authenticity and provenance will help you get the best offer.
Precious metals and gemstones – If your watch features things like diamonds, emeralds, or other precious gems, or is made of verifiable precious metals like gold or silver, it will go for a good price.
Why sell to a pawn shop instead of other places?
Your designer watch can act as collateral for a short-term loan that you can use over and over. If you need some quick cash and aren’t one hundred percent ready to part with your designer watch just yet, you can use it to obtain a safe and confidential cash loan. When you pay back your loan, you will get your watch back, unlike other forms of selling that will force you to part with your watch forever.
Also, selling to jewelers, retail stores, or through person-to-person websites, apps and auction sites takes time and effort. Not to mention, you may run into potential buyers who pressure you to accept the lowest possible offer, or who request that you spend money to ship and insure the watch directly to them.
On the other end of the spectrum, selling your designer watch to your local pawn shop is quick and easy. No shipping, handling or insurance fees, and very little paperwork. All you need is your valid identification and your watch.
How to sell your designer watch at your local pawnshop
Although selling your designer watch to your local pawn shop is easy, we want you to get the best deal possible. Follow these guidelines to get the most attractive offer:
Do your homework – Look up recent sales of your watch to get an idea of its going rate. Determine an average price from that information, and figure on receiving about 60% or so of that price at the high end.
Gather up all the pieces – Think of your watch as the centerpiece of an ensemble. The paperwork and packaging that came with your watch will make it appealing to buyers of all kinds, from collectors to the casual fan. The more complete a package you can offer your local pawnbroker, the more they will be willing to offer.
Clean it up – You should try to make your watch look as clean as possible, especially if it’s been worn frequently. However, be warned: do not use solvents or any liquids or material that can damage the watch. You can achieve great results with a microfiber cloth and a small soft-bristled brush. The goal should be to make it look enticing when your pawnbroker puts it in their display case.
Prepare to negotiate – When you visit your local pawn shop to sell your designer watch, you should be prepared to negotiate. Any trustworthy and experienced pawnbroker will be happy to work with you to reach a price that both sides agree on. Also, if you cannot come to terms, you are always free to refuse the offer and to try elsewhere.
Thanks to our in-house jewelry expert’s services, one of only a handful of pawnshops in the country to do so, Central Mega Pawn is known throughout Southern California’s Inland Empire for offering the best prices on designer watches. Visit us today to see why we should be your number one choice when you are looking to sell your designer watch.