If you aren’t familiar with pawn shops considering them can be confusing at first. We are here to clarify your options for you.

Pawnshops offer two ways for you to walk out with cash in hand depending on your needs.

First Pawn Jewelry & Loan offers our customers two options:

You can sell it outright an agreed-upon value or get a short-term loan putting it up for collateral. Choosing the best option can be tough sometimes. We would like to lay out some considerations when choosing to take a loan vs. giving up your item for good.


Choosing to sell your item is different than pawning. The pawnshop will determine the value of the item and negotiate with you to come to a mutually agreeable amount. As soon as a deal is made, the pawnbroker will give you cash to complete the trade. That item will then become stock for the store and be available to buy retail for all customers.

Pawning does not mean you are selling or giving up ownership of your item. What you are doing is taking out a loan from the pawnshop that is not credit-based. No credit check is needed. The pawn shop will inspect and offer a loan amount. You do not have to take out the full amount offered and it is advisable to only take out as much as you really need. The loan will be in the form of a written agreed upon contract. It will state the payment terms, percentage rate, and time frame.
Once the loan is repaid in full, your item is returned to you. While being held all items are stored in protected warehouse locations that are clearly marked and your valuables are insured under the stores business policy.


Deciding whether it is better for you to pawn or sell can be determined by a number of factors. If you find yourself in a situation where you need finances liquidated, selling your item can get you the most money for your item. The downside to it is that your item may be unavailable if you come back later to buy it from the pawnshop as others will also have the option to purchase if it is on the retail sales floor.

If you really do not want to part with your items, pawning may be a better answer. This allows you to receive just the amount of cash you really need right then (in terms of the amount you could expect to receive when selling the item) but guarantees the item will remain available for you to pick back up later according to the terms of the loan agreement.

First Pawn Jewelry & Loan of Naples and Lehigh Acres, Florida

Still unsure if you should sell your item or pawn it? You can give us a call at 239-434-7296 or chat with us directly on Facebook and we can discuss any options available.

We’re talking jewelry, gold, musical instruments, televisions, electronics, power tools, houseware items, firearms, and more! Visit our showrooms today for spectacular bargains. www.firstpawn.com.

First Pawn Jewelry & Loan

889 Airport Road South, Naples, Fl 34104 | 239-434-7296

1331 Homestead Rd N, Lehigh Acres, FL 33936 | 239-369-2274

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