Do You Want To Sell or Pawn?

   Rising gold and silver prices, home foreclosures and a recession are attracting more middle- and upper-class customers seeking to sell items or obtain a short-term loan.

This is where Calaveras Coin & Pawn can help especially those clients who are new to the business and don't know a thing about how to sell or pawn their items. Here are some tips to help.

Do YOU WANT TO PAWN OR SELL?

   You'll get more money by selling something, but a pawnshop owner with a long-term view would prefer to make you a loan so that you'll return for more business. Gerad Slayton, pawnbroker for Calaveras Coin & Pawn, based in Angels Camp, CA., says he typically pays 10 percent to 20 percent more to a seller because he doesn't have to hold the item as long as he does for a loan.

Slayton says he sells the items he buys after 30 days, as require by the state of California. Items held as loan collateral are for 4 months. So it depends if you do not want the item back its better to sell it outright however if you would prefer to get your item back then by all means pawn it.

Call Calaveras Coins at (209)677-PAWN