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Happy Holidays! Stuffed Bobcats, Gangster Artwork, & Other Rarities People Can Find at Pawn Shops

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In recent years, high prices have brought out the savvy shopper in just about everyone. That trend has drawn more people to pawn shops – especially around the holidays, when people are relying on good deals so they can get something for everyone on their gift list. It is where people bring in rare, high-quality items you’re not going to find at any big box store.

To spot the perfect gift, all you need is an open mind and a willingness to do a bit of browsing for those affordable, one-of-a-kind holiday presents.

Memorable Gift Ideas You Won’t Find Anywhere Else

The rare things you can discover at pawn shops may not be on your shopping list, unless you were planning to find a stuffed bobcat for your uncle, which we think was the highlight of one holiday pawn shop video. If someone’s goal was to give something memorable – mission accomplished!

The point is, instead of making a beeline to predictable store items, we recommend browsing and seeing what catches your eye. It’s how you’ll end up offering gifts that are truly memorable and your loved ones won’t be getting from anyone else.

Low-Priced Electronics Are Great – So Are Crafts, Artwork, and Cool Home Decor

Pawn shops are great for flat screen tvs, laptops, and a whole array of goods you would find at higher prices if you were buying them brand new. But have you ever taken a closer look at some of the quirkier items? If not, ‘tis the season to start. By all means, head to the electric guitar section. But spend a few extra minutes to examine the interesting artwork, the crafty items, the colorful lamp that has your mom’s name written all over it.

Nostalgic Pop Culture Items

We knew 70s and 80s kids would love the 1977 R2D2 cookie jar we once came across. At Chicago’s Fullerton Pawners, we’re always on the lookout for fun, nostalgic discoveries. Know any movie buffs? We once sold an original painting created and signed by famed gangster Henry Hill, certificate included. He was played by actor Ray Liota in the movie Goodfellas, and yet his artwork ended up in our North Side pawn shop. Go figure!

If someone you know has a taste for kitschy items that take them back in time, a pawn shop isn’t a bad place to start.

Rare and Quirky Valuables for the Eclectic Person in Your Family

Do you have a friend or family member who can’t resist a quirky find? Some of those rarities found at pawn shops can be surprisingly valuable. There was even a Pawn Star episode about mistakes and misprints. A thirty dollar bill. A misprinted Eisenhower stamp. Even an erroneous Pokemon card, all turned out to be worth more than the owner imagined.

What You Won’t Find at Pawn Shops: Fake Sales and Bogus Markdowns

There’s another allure of pawn shops that you won’t find at big box stores. Have you ever gotten sucked into a store sale but still ended up spending hundreds of dollars? Retailers are notorious for marking prices up before goods go on sale. This tactic leads to fake markdowns and gets gullible customers to overpay.

But guess what: these bogus deals are even more prevalent around the holidays!

If you want to feel more in control of your holiday spending, head for a trustworthy pawn shop that is known for stocking its shelves with cool, low-priced stuff you won’t find anywhere else.

For Best Deals, Do Black Friday & Cyber Monday Shopping at Fullerton Pawners in Chicago

Skip the usual Black Friday and Cyber Monday “sales” that will only deplete your savings. Instead, head off the beaten path to Fullerton Pawners, where you’re sure to find cool and unique items without the retail price tags.

Come to Fullerton Pawners and check out all of the rare things we have to offer. Call 773-637-9999 if you have any questions!

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Tired of High Prices? Here’s How a Pawn Shop Can Help

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Inflation may be down, but prices still seem high to a lot of Americans. If you feel like you’re spending too much on, well, a lot of things, you’re not alone. According to Bankrate, prices of basic goods are still 21.2% higher than they were four years ago – the reason more people are making use of their local pawn shops.

If you’re looking for ways to offset the crazy price of meat, milk and eggs in your neighborhood, take a moment to consider the various ways that a trustworthy and reliable pawn shop might be able to aid your financial situation.

Pawn Shops Are Helping Americans Access Cash When They Need It

Let’s say you inherited a coin collection but were never interested in coins, so they sat in a drawer for years. Until the day your car dies or work dries up, and you’re not sure whether you can cover this month’s rent. You get in touch with your local pawner to assess their worth, bring them in, and watch as the person sorts through the different kinds of coins, assesses their value, and explains the differences so that you can understand. These are signs you’ve found someone you can trust.

Things to look for in a pawner:

  • Educational. They’re good at explaining unfamiliar information.
  • Show proof of resale values. They have charts that demonstrate where they source the market value of items.
  • Offer good deals. They might add a premium to assess the value of items, but it’s still a win-win for both sides in the transaction.
  • Patience with customers. You want to work with a businessperson who is patient and accessible, not someone who talks down to you or pressures you to cave to their demands.

Fast Cash Payments and Short-Term Loans Help Pay for Unexpected Expenses

If that antique watch you’re thinking of selling might have a significant resale value, a pawn shop is probably the quickest way to get some much-needed cash in hand. Pawning has done just that for countless Americans in recent years, when prices strained their ability to cover medical expenses and other unexpected bills. During the most recent period of inflation, the pawning industry saw a spike in visits from residents bringing in gently used televisions, laptops, gaming systems, and, of course, gems and jewelry to make ends meet.

For a variety of reasons, more Americans have been turning to pawn shops to help pay their bills. Reports show that over half (56 percent) of people in the U.S. would struggle to afford a $1,000 medical bill if they had to. For those folks, it can be a relief to know there may be an alternative to bank loans (which require a lot of personal information) and uncomfortable conversations with family members. It doesn’t matter whether the item in question is new or was purchased long ago. If you think something of yours made of precious metal would bring in a favorable amount in today’s market, and you need the money soon, then it is worth seeing what you can get at your local pawn shop.

A Great Alternative for Low-Cost Goods

The other reason families come to pawn shops in hard times? Great deals on goods, of course. If your kid needs a laptop for school, why pay full price when you can find something that operates fine for half the price? What makes computers so expensive lately is the bandwidth they provide for things like gaming and web design, capabilities that kids don’t need when they head to school.

Clothing, purses, guitars and other musical instruments also cost a pretty penny these days. So why pay full price? When you save a little cash here and there, it eventually adds up.

Chicago North Side’s Fullerton Pawners Helps Residents Save Money on Deals

We can’t offer you cheap produce or a better mortgage deal. But you might be surprised at what Fulltertion Pawners has stored within our walls. Make a habit of stopping by to see what we have. Inventory is changing all the time. Plus, we’re really friendly and like to hear from Chicagoans and other nearby residents so we know what it is you would like to see on our shelves.

Contact Fullerton Pawners online or call us at 773-637-9999 to get your questions answered today!

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6 Things You Can Pawn for Cash in Chicago

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If you’ve never been inside a pawn shop, you might underestimate the vast array of goods that people pawn for cash or sell outright every day. It’s one of the reasons we encourage locals to stop by and take a look around. You may discover there is something valuable at home that could contribute to your contingency fund for your rainy day needs.

1. Your Vintage Rolex

People pay a pretty penny for an authentic Rolex, whether for their durability, unique features, or ability to tell you the time while deep sea diving. There’s just something about these watches that are irresistible in certain circles. 

Pro tip: When one is in current demand, you might get a higher percentage of its selling price.

2. Your Wedding Ring from Marriage #1

Bad memories weighing you down? Maybe it’s time to perform some feng shui at home and get rid of your old wedding ring (or band). Gold, platinum and diamond rings are among the most valuable items that come through the doors of pawn shops, and also the most common. 

If you have hit hard times financially, they can also serve as collateral on loans when you need cash in a pinch. Once the loan is paid back (with previously agreed upon interest), you can retrieve the item and put it back in that drawer, or on your finger, provided you meet the terms of your agreement.

3. Those Power Tools Collecting Dust in Your Garage

If you haven’t touched that power saw in the corner of your garage, you probably never will. But there is a guy in downward facing dog somewhere manifesting it right now. He is ready to pay cold, hard cash for the tools of his dreams – money that you will also have more of once you clear out your garage.

4. Families’ Gold Jewelry and Gemstones No One Wears

Some family heirlooms were meant to be set free. A gold bracelet with a clasp that no longer works or outdated bejeweled broach will still be valuable to your local pawner. Those precious metals and gemstones typically maintain their value even if the settings they’re in are no longer in good shape, making them the most sought-after items pawn shops receive – and the ones that yield the most cash for sellers and loanees.

5. Artwork or Flat Screen TV Taking Up Precious Wall Space

Don’t wait for the next cicada cycle to unload some of your more obsolete belongings. That includes items taking up precious wall space, like that piece of artwork that you were told is valuable but never really did it for you.

Likewise for flat screens and other electronics that you no longer use and love like before. People move on from electronics pretty fast these days. But don’t underestimate the allure of aging-but-still-functional devices to communities who are into that kind of thing. What’s more, pawn shops like Fullterton Pawners in Chicago may be able to repair your laptop, TV or stereo that you no longer use so someone else can. 

6. Electric Guitars and Other Musical Instruments

Those congas aren’t going to play themselves. Musical instruments are great, until they become a household burden and a reminder that your drum circle days are behind you. Fortunately, musical instruments still hold quite a bit of value for all the budding rock gods out there, making them an ideal pawn. 

Fullerton Pawners in Chicago Is Known for Fair Prices & Reputable Services

The team at Fullerton Pawners is always up for a chat with newcomers. We can let you know how the process works and maybe save you some time before you start hauling around your banjo collection to find the highest bidder.

Contact Fullerton Pawners online or call us at 773-637-9999 to get your questions answered today!

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Need a Chicago Pawner You Can Trust? Why You Should Shop Around

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One crucial thing to understand about Chicago pawn shops is that – like in most places – the goods on sale may have come from any number of places. It isn’t always clear where the items on sale originated, nor what their true value is, which can bring up a lot of questions when you’re shopping for something special.

Generally, that watch, ring or artifact you have your eye on could have been acquired one of three ways:

  1. From customers who went in to sell goods directly
  2. From someone who used the item as collateral for a loan
  3. As merchandise purchased from a retail store

The same kinds of questions should apply to anyone taking out a small loan in an unconventional setting. Before using your personal goods as leverage for a financial loan, you will want to be sure you know who you’re working with. The main reasons for vetting your pawn broker:

Because Pawn Shops Are a Unique and Less Understood Way of Doing Business

Pawning is a bit different from the usual way people buy and sell things. And even though most Americans are familiar with the drill, at least in theory, shopping at a pawn store is another matter. That’s why it’s vital to understand the more nuanced difference between a legitimate and well-reputed pawn shop and a shady operation that will be less than forthright with your questions.

So You Won’t Be Taken Advantage of When Seeking a Financial Loan

Perhaps the biggest incentive for shopping around is when you are seeking a short-term financial loan. There are multiple reasons. First, you want to avoid brokers who would take advantage of a vulnerable situation to scam you out of your money. But it’s equally important to know the value of the collateral you plan to use. Pawn shops typically base their loans on a percentage of the value of the items being leveraged, which emphasizes how important it is to trust the information you are receiving before signing any loan documentation. 

To Avoid Red Flags: Pawn Brokers Must Control the Quality and Value of Goods 

The folks behind the counters are not just cashiers and salespeople. They need to be a trusted partner who will give it to you straight – particularly if you’re taking out a loan, but also if you’re eyeing some interesting goods. For a taste of what can go wrong, check out any of the many video compilations online of questionable goods that the owners hoped would fly under the radar. 

Such stories often shine a light on the crucial role of brokers in catching errors and protecting customers from wasting their money, while also protecting their goods and reputation. Some of the red flags a good broker will look for:

  • Valuables that haven’t been authenticated
  • Supposedly famous artwork with no paperwork to back it up
  • Claims that are impossible to verify
  • Forgeries and other suspicious merchandise
  • Historical inaccuracies and imitation antiques
  • Scam items with fake tags, brand names or signatures
  • Imitation gold, gems or jewels being passed off as real

To Avoid Scammy, Low Quality Items Pawn Shops Shouldn’t Be Selling

Most retailers today are known entities. The products at a nationwide clothing store are going to be fairly consistent. Whether you shop online or in person, you can do your research beforehand and get the specs on a product so you know what you’re getting. It’s easy to do price comparisons, as well, for a sense of what other outlets are charging. 

Pawn shops are another story. There are more variables from store to store, which places more emphasis on the consumer to seek out a business likely to carry legit merchandise that is in good condition. 

Fullerton Pawners in Chicago Is Known for Fair Prices & Reputable Services

Most people would probably be surprised at the wide range of services that some pawn shops provide. The advantage of doing business with Fullerton Pawners is that we have a lengthy track record of buying, selling, and making loans on Chicago’s north side. As you begin your search for the right partner, be sure to stop by and find out what makes us more reliable than so many other pawn services.

Contact Fullerton Pawners online or call us at 773-637-9999 to get your questions answered today!

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Fun Summer Idea in Chicago: Visit Your Local Pawn Shop

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Want to check out some cool handbags not available anywhere else? How about a second-hand guitar for a fraction of the price of a new one? Summer is the season for exploring, including those neighborhood shops you’ve walked past many times without taking a peek inside. 

Some adventures take place closer to home than you might think. On Chicago’s north side, Fullerton Pawners has been providing local residents with surprising deals for decades. 

In fact, there are several good reasons to step inside and take a look around:

Check Out Unusual Gems, Jewels, Watches and More

Want to check out unusual gems or jewels from various parts of the globe – as well as different time periods? Many pawn shops are home to diamonds, rubies and amethysts in boxes lined with felt. Others specialize in unusual antique watches that are no longer easy to find. Big box jewelers have their allure (and their price tags!). But intrepid consumers – as well as curious window shoppers – often prefer places with goods a bit more off the beaten path. 

Get Gently Used Merchandise for a Fraction of the Cost

Too many people spend gobs of cash on electronics when they have other options. Want to get a starter phone for your kid without unnecessary bells and whistles? A pawn shop is the perfect place to look. In need of a faster, higher functioning laptop? If you’re looking for quality merchandise, a good pawner will help you select the right laptop for your needs and at a fair price. Why spend two grand when you can buy a used one for a fraction of the price? 

A Chance to Sell Your Gold 

Got any old belongings made of gold stashed away in a drawer somewhere? Sometimes the best thing to do with those outdated cufflinks, watches and pendants is to sell them. If no one is making use of them, the cash might come in handy. A trustworthy pawn shop near you will have opportunities to buy, sell or get a loan for a gold heirloom that would otherwise remain out of sight and out of mind.

Get Market Value of Heirlooms and Other Belongings Assessed at Nearby Pawn Shop

Who doesn’t love an episode of Pawn Stars or Antiques Roadshow now and then? One of the main reasons these types of shows are so universally popular is the unexpected treasures that folks bring in from their homes. Every pawn shop is unique. They may or may not accept antique artwork, cool old lamps and wood-carved furniture. What hidden gems do you have in your attic or basement that might be worth more than a few dollars? You don’t have to sell it to find out its true value.

Need a Local Repair Service for Jewelry, Electronics or Other Items?

Perhaps the best kept secret at select pawn shops is their ability to fix older belongings such as jewelry and electronics. This service becomes more valuable as fewer and fewer repair shops are able to remain in business. Americans have become accustomed to buying new electronics every year or two, but those older models may still work just fine. 

3 things that a local pawn shop might repair for you:

  • Vintage electronics
  • Jewelry repair
  • Silver repair

Want to Sell an Unusual, Gently Used Valuable from Your Home?

Take a look around. Sometimes you can judge a book by its cover. Pawn shops can be assessed like any other business. Does the space look clean, organized and respectable? Are the workers polite, helpful and informed? If so, it might be the place to sell a gently used valuable from home. You might even get your asking price.

Visit Best Pawn Shop Near You: Fullerton Pawners on Chicago’s North Side 

At Fullerton Pawners in Chicago, our specialists will let you know if something is available for sale and are happy to answer any other questions about our offerings that catch your eye. Past clientele have raved about our services. Our staff has extensive knowledge of certain electronics, both for sale and for repairs. A customer in search of diamond earrings found a pair of beautiful diamond studs with our help. This type of occurrence happens all the time here. 

Contact Fullerton Pawners at 773-637-9999, or check us out in person to find out why we have a reputation for amazing finds at fair prices.

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Avoid These Common Pawning Mistakes

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When a Chicagoan takes a favorite guitar or tv to a pawn shop in the hopes of getting some much-needed cash in their pocket, it’s easy to make mistakes. The urgency of an unexpected life event can cloud your judgment in the short term, as too many folks only discover when it’s too late to reverse their decision.

The experts at Fullerton Pawners recommend avoiding these five pitfalls when using a pawn service.

Mistake 1: Working with a Disreputable or Inexperienced Pawner

Reputation matters in this industry more than in most places. Pawners are salespeople, but they need to be experts in many other areas to be worth your time and investment. Fortunately, there are several ways to scout out reliable businesses you can trust – before you sell your precious family heirloom:

  1. Google the broker’s name.
    • There should be some footprint online of their activities. What does that information reveal about the business?
  2. Check online reviews of the pawn shop.
    • What do former clients say about their experiences with the shop in question.
  3. How long have they been in business?
    • A newly opened shop might be a great place to get a temporary loan on a piece of jewelry. But if there’s no evidence the business is truly reliable, you may want to pass until they become a bit more established.

Mistake 2: Underestimating the Market Value of the Item You’re Pawning

One of the biggest mistakes a consumer can make by far is failing to understand the market value of the item they’re pawning. It’s an understandable error, considering that most people are not experts in determining the value of precious gems and other commonly pawned goods. That’s why this step usually requires some research. One approach is to contact an appraiser through the American Gem Registry or the Appraisers Association of America. You may even want to assess the monetary value of an item, and whether it’s worth the risk, before an emergency occurs.

Mistake 3: Regretting Your Decision to Pawn Something Sentimental

The same can be said for the sentimental value of a personal belonging. You may want to think long and hard before using your grandmother’s wedding ring as leverage unless you’re sure you’ll be able to get it back or don’t mind letting it go. Something that carries deep familial significance can’t easily be replaced.

Mistake 4: Taking Out a Loan Through an Untrustworthy Pawnbroker

Even if it’s a small amount of dough that you’re sure you can pay back, be selective. To be certain a pawned item will be given back per your agreement, you need to ensure you are dealing with a scrupulous broker. One way to do this is by checking with the credentials carried by the business. 

Are they affiliated with local pawning associations? A credible business should have ties in the industry. For example, Fullerton Pawners is a member of the Illinois Pawnbrokers Association and multiple other trade associations. 

Mistake 5: Not Understanding the Pawn Shop’s Terms of a Loan

Do you fully understand the terms of the loan you are considering – and what you risk if you can’t meet them? Someone faced with a medical emergency might be tempted to rush into an agreement to get that short-term $300 payment. In particular, loan applicants should pay attention to:

  1. Loan amount
  2. Loan deadlines
  3. Possible late fees or interest payments

Someone in a financial bind probably doesn’t have a lot of wiggle room if things don’t go as planned. So why not get the best possible deal? Take your time to review all of the terms and conditions of any contract before signing it. Also, consider calling a few different shops to compare the terms of the loan in question. 

Visit Best Pawn Shop Near You: Fullerton Pawners in Chicago 

At Fullerton Pawners in Chicago, our team of experts has a long history of providing helpful, reliable services to residents. We’re happy to answer all of your questions about how we do business.

Contact Fullerton Pawners at 773-637-9999, or stop on by to check out our goods and find out more about our popular neighborhood services.

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Smart Lessons from the TV Show Pawn Stars

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Think pawning isn’t popular? This age-old business practice is so universal that a TV show about it on the History Channel turned into an international hit – with a lot of lessons to learn for anyone tuning in. 

The most valuable pearls of wisdom viewers got from the show could apply to any exceptional pawn service. To name a few:

1. Pawning Is Universally Popular

Since launching in 2009, the reality TV show Pawn Stars has kept millions of viewers around the globe enthralled with everything pawn-related. It’s taught us what to look for when exploring the different services our neighborhood pawn shop is offering. Also, about the kind of relationship you can build with an honest, expert pawner once you find them.

2. Pawn Shops Are Fascinating – You Never Know What You’ll Find

On TV, people who tune into the show are treated to more than haggling. Those scenes are part of the entertainment and may be partly scripted. But you also get to listen in on interesting conversations about the history of artifacts like a nineteenth century navy pistol or a poker cheating device. With an inventory in the thousands, the pawn shop in question chooses a few items to focus on in each episode, delving into the history behind each one.

3. How Much Is It Worth? Customers Want Accurate Appraisals of Goods

Other than some fun family dynamics, the main attraction of the show is often the recurring segments showcasing product appraisals. When folks bring in valuables from their attics, they want to know how much they are worth. This aspect of the show is a chance to display experts discussing what the market value of goods might be and why, which is why the show was often compared to Antiques Roadshow. Watch enough episodes and you’ll get a sense for how your own family heirlooms might be appraised.

4. Good Pawn Shop Brokers Tell It to You Straight

What stands out about Rick, the co-owner of the shop behind the show, is that he is a straight shooter who tells it like it is. If he doesn’t know the value of an item brought into his store, he takes his time to find out. 

Granted, this kind of plot makes for good TV and doesn’t necessarily reflect how the average exchange goes in real life. One highlight of the show is that numerous experts are introduced to offer up insights into the objects that will indicate what their market value would be today. All of this gives these segments an air of authenticity – a quality you too should expect from any service you would consider.

5. Honest Pawners Gain a Trusting Clientele

Perhaps the central lesson in Pawn Stars is that shoppers need to trust the person they’re considering doing business with. Remember, there are multiple services that consumers could potentially take advantage of at a reputable pawn shop:

  • Selling antiquities 
  • Taking out small loans
  • Using personal valuables as collateral
  • Assessing the value of merchandise 
  • Shopping for unique items

Every good business must earn the confidence of its customers. At the end of the day, Rick and the other characters know their stuff. They know when not to take the advice of certain appraisers, as well as when to learn from them.

6. Some Pawn Shops Can Repair Valuable Items for You, Too

Some episodes involve the Pawn Stars offering to repair items to determine their potential worth (or because something needs fixing). Need a piece of electronics equipment checked out for a possible repair? At Fullerton Pawners on Chicago’s north side, we also restore merchandise for customers, depending on the item and its condition. Give us a call or stop by to discuss your request. 

Fullerton Pawners in Chicago Has the Best Reputation Around 

Need a loan on short notice, or just want to browse some pretty cool inventory? There won’t be any TV cameras. Just a highly experienced and knowledgeable staff that gives clients an honest assessment of their goods, as well as loans when they need them.

Contact Fullerton Pawners by calling us at 773-637-9999, or stop by today to have your own merchandise evaluated.

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A Brief History of Pawning

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Pawning in some form has been around as long as temporary loans have existed. Some say the practice as we know it dates back to Greek and Roman times or even further back to Buddhist monasteries. Others only discover this handy service when they find a local pawn shop and take a peek inside.

It is impossible to say precisely when the basics of pawning – leaving a valuable with a broker as collateral for a loan – officially began. Wherever trading and lending took place, pawning was likely right behind. But if you’re thinking of pawning a belonging of your own or on the hunt for interesting and unique products, learning a little about the industry’s past and present might help you feel more comfortable using this popular neighborhood service. 

There Is a Long History of Pawning Around the World

The National Pawnbrokers Association (NPA) describes a popular legend about the practice’s origins, or at least the image most often associated with it: “The pawn symbol, which is three spheres suspended from a bar, traces back to the Medici family – a prominent family in Florence, Italy in the 15th century, known for loaning and banking. The Medici family crest features the symbol of the three balls because a member of the Medici family was supposedly working for Emperor Charles the Great and killed a giant with three bags of rocks. The Medici’s were so well known as a finance family that other lenders and people in the finance business adopted similar coats of arms featuring the three golden balls.”

And that is just the history of a symbol still in use today. Suffice it to say, there are countless tales about pawning in the past that connect it to everything from brokered land holdings to charitable “interest-free or low-interest loans.” 

More Recent Pawning Practices in the U.S.

Fast forward a few hundred years and the general purpose of pawning hasn’t changed much. The practice has existed in the U.S. since the early days of Southwestern trading posts. Today, Fullerton Pawners in Chicago is one of roughly 11,000 pawn shops operating in the U.S. One tradition that continues from the olden days: the typical pawnbroker is still a small neighborhood business. Contrary to common misconceptions, the industry is regulated by many laws and statutes, and the businesses benefit people who need a small amount of money to cover immediate expenses ranging from auto repairs to medical care. 

NPA notes a few other key pieces of information about the industry:

  1. Pawning regulations in this country date back to 1892.
  2. A 2017 Consumer Financial Protection Bureau (CFPB) report stated “pawns do not harm consumers, are not confusing, and do not put consumers in a cycle of debt.”
  3. “States individually license and supervise pawnbrokers, strictly governing loan terms including duration, fees and interest.”

Fullerton Pawners on Chicago’s North Side Is Trusted to Provide Small Loans 

It’s good to know that after so many iterations, pawnbrokers are expected to comply with numerous regulations aimed in large part at protecting consumers. But, as with any industry, not all shops are as reliable as they could be, which is why it is so important to work with a well-established known entity in your community. 

Nowadays at Fullerton Pawners, we are widely trusted to do so much more than handle loans. That is certainly a crucial part of our enterprise, but we also provide many other helpful services:

  • Make Cash Purchases
  • Evaluate Products
  • Repair Valuable Merchandise
  • Sell Diamonds, Jewelry, and Many Other Valuable Items 

Contact Fullerton online, call us at 773-637-9999 for more information, or stop by to check us out in person!

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Top Qualities Pawners Look for in Merchandise Appraisals

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Giving proper appraisals for merchandise is one of the most important services a pawn shop can provide. But how do they come up with their appraisals – and how do you know you can trust them? It starts with an appreciation for the process itself. Some appraisals stem from a comparison against an identical or near-identical item. If the shop doesn’t have the exact item on hand, they must familiarize themselves with the goods that come in their door so they can do their best to provide an accurate dollar amount when buying and selling goods.

Shoppers are sometimes surprised when they get a different appraisal when shopping around. Before selling your grandfather’s watch or buying a beautiful antique brooch you saw in a window, take a closer look at the process so you can understand how appraisals are done. Just like pawn shops look for certain qualities in products, the customer is also seeking out qualities in the appraiser. 

Details Pawn Shops Look for to Make Appraisals

If you’re thinking of selling something, it will help to find out for yourself as much about the item as possible. If it’s a family heirloom, have a conversation with someone in your family to discover more about the background and condition of the watch, artwork or piece of jewelry you’re having appraised. Talking to an older relative may provide you with unexpected details that can give a more accurate picture of the item. 

Meanwhile, the pawner will also examine a range of details aimed at assessing every aspect of the item in question. Some things they may look for include:

  • Condition
  • Age
  • Size
  • Distinctive features
  • Where it originated
  • Market value of product or materials

Since there is not always going to be a highly similar item against which to compare your belonging, they will do their best to come up with an assessment based on the above factors to make a determination.

Specific Appraisal Expertise

The appraiser should have expertise in the area of your particular item. For example, to have your antique Tiffany lamp appraised you want to talk to an antiques appraiser with knowledge in that specific area to get an accurate assessment. It’s easier to appraise turn-of-the-century sterling silver pocket watches when they have done so multiple times in the past. Industry certifications, designations and licensing can be helpful in letting customers know that they’re dealing with someone reliable who is able to make informed and accurate appraisals.

Carat Levels of Gold and Silver Jewelry

Jewelry is one of the most common items to be brought into pawn shops. And the carat level can be measured to tell you the purity of the piece of jewelry being examined – for gold, silver, copper and even zinc. There is a different composition of gold at different carat levels, so the pawner may take a look at the percentage of gold to determine the value of the jewelry.

Understanding the purity of what you have, as well as something you may want to buy, is important because it helps you know whether you’re engaging in a good-faith transaction with the business. 

Do You Have to Visit the Pawn Shop in Person?

Find out what the process is of the pawn shop in question. If you call or contact them online, some pawnbrokers may request photos to come up with an initial estimate or determine whether there is potential for the item to be sold at all.

Fullerton Pawners In Chicago Is Trusted to Make Reliable Appraisals 

At Fullerton Pawners, our team of professionals is prepared to answer all of your questions about how we come up with appraisals at our shop. With 30-plus years of experience in the neighborhood, you know a few things about us already:

  • We are a trusted local business.
  • We have a history of merchandise appraising expertise.
  • We have a good reputation in our industry.
  • We take our time making accurate appraisals.

In addition to buying and selling goods, we can also exchange them for loans. Reach out to Fullerton Pawners online, or call us at 773-637-9999 today.

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Why Reputation Matters in the Pawning Industry

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Chicago-area pawn shops are a great source of many things – not just pawning. To name just a few:

  1. Get a temporary loan against collateral
  2. Sell a personal item
  3. Find a great, unique gift 
  4. Repair jewelry and other products
  5. Scout out valuable merchandise

Yet these familiar neighborhood shops don’t always have the best reputation. This is unfortunate, as the above services are highly valuable, and you never know when you might decide to use this popular neighborhood service. With so many different pawning businesses around, it’s vital to know a little about the one you choose to do business with. That way you can be sure you’re getting a good deal, as well as access to high-quality items and trustworthy loan services.

To Help You Find High Quality Merchandise in Chicago

Typically, all of the merchandise in a pawn shop once belonged to someone else. An experienced and reputable pawner will take time to determine the value of the items brought into the store. Doing so requires having a good eye and a fair amount of expertise in assessing the worth of a whole range of belongings, from precious gems and vintage jewelry to guitars and gaming consoles. 

Some of the varied merchandise you might be able to find under one roof include:

  • Valuable watches
  • Family heirlooms
  • Artwork
  • Antique jewelry
  • Musical instruments
  • Electronics
  • Gaming equipment
  • Curiosities

Has there been any damage or repairs needed? Because the merchandise has been owned or used by a previous owner, you may want to know more about it to conclude what a fair price would be for you. 

To Accurately Evaluate Jewelry, Watches and Other Valuables

One misconception is that products at a pawn shop aren’t very valuable. However, you might be surprised at how many folks will want to sell precious gems and other valuables they have inherited from family members. For this group, selling to a pawner is often more desirable than finding a buyer online. Therefore, those products can go for less since they didn’t come in at market price. 

All of which is to say: it’s important to vet a pawner the same way that they vet the products that come through their door. What would the item have originally sold at? What would it go for now if new? Most consumers aren’t also experts in assessing value, and that can leave them vulnerable to being taken advantage of by disreputable players. 

Be sure you’re doing business at an establishment with a solid track record and great reputation in the area where it operates. 

Contact Established, Trusted, Full-Service Pawnbroker at Fullerton in Chicago

To avoid fly-by-night pawners, work with a highly reputable business such as Fullerton Pawners, which has a proven history of excellence in the neighborhood where we have been doing business for decades. We provide cash loans – but also do much more:

  • Diamond Sales
  • Cash Purchases
  • Inventory Assessments
  • Repairs of Jewelry, Watches & Other Items
  • Sales on Broad Diversity of Merchandise 

Contact us online, or call us at 773-637-9999 for more information on what we can do for you today!

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Pawning in the New Year: How Do Loans Work at Pawn Shops?

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When an unforeseen event in your life requires an immediate payment to be resolved, pawn shops can be a great source of financial assistance. They’re especially helpful for people who don’t have access to other means of acquiring fast cash – but won’t have a problem paying the loan back within a few months or so. While the amounts tend to be minimal, they are often sufficient to cover minor but urgent expenses.

Common terms that show up in loan agreements include:

  • Cash amount borrowed
  • Pledged item as collateral
  • Interest rates
  • Prepayment
  • Payment due date
  • Other financial terms

The Benefits of Pawn Shop Loans

There are other sources of loans – namely, large banking institutions. But they have loan requirements that not everyone qualifies for, nor has the time to fill out paperwork and then wait to find out. They may want to know:

  1. Personal financial information
  2. Credit score/report
  3. Social security number
  4. Other details, depending on type of loan

It can take weeks for someone to get back to you with a response. And when you need money soon, you may prefer not to waste time if there’s a good chance you’ll be turned down. 

How Do Pawn Shop Loans Work?

To be considered for a loan, all you have to do is visit the pawner with an item of value you want to temporarily trade in as collateral for a small cash loan. Jewelry, gemstones, watches and electronics are common forms of loan collateral. One option is to sell the item outright. But with a loan you can get your property back as long as you pay back the loan per the terms of the agreement. 

These are the basic steps of a pawn shop loan:

  1. Bring in your item
  2. Resale value of item is determined
  3. Pawner gives you an offer
  4. You agree to terms in writing
  5. You pay back the loan and get your property back

Be sure you understand and have fully considered your payment deadline, as well as any interest included in your agreement. The loan amount will likely be a percentage of the resale value of your belonging. For example, if your watch is valued at $100 and they only lend up to 60% of the resale value, you might be offered a $60 loan. 

Redeeming the Loan: The Leveraged Item Still Belongs to You

Before paying back the loan, the item typically still belongs to you as long as you’re meeting the terms of your agreement. Once you’re able you may redeem your debt by paying back the loan, which may include interest or a fee on top of the loan amount. 

What Happens If You Can’t Pay Back Your Loan?

Each loan agreement should be considered individually, as the terms may vary, even at the same location. That said, if you can’t pay off your loan, the pledged item no longer belongs to you. Generally, the pawner can sell it on or after an agreed-upon date in your contract. 

If there is a possibility you won’t be able to pay back your loan on time, you may risk being charged interest rates and even storage fees, which is why it’s so important to be aware of the terms, as well as the potential risks, of any loan agreement.

Get a Loan at Fullerton Pawners, Chicago’s Safe & Reputable Full-Service Pawnbroker 

At family-owned Fullerton Pawners, we believe in transparency and are more than happy to explain how our loan services work. This is one of the reasons we’ve developed such a solid reputation in the more than three decades we’ve been providing loans and other services on Chicago’s north side. 

Among our many available services, we handle:

  • Cash Loans on the Spot
  • Free Loan Appraisals
  • Cash Purchases
  • Sales of Wide Range of Items

Contact Fullerton Pawners online, or call us at 773-637-9999 to discuss taking out your next loan.

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Get Original Holiday Gifts from Your Local Pawner

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If you have a lot of holiday gift shopping to do, have you considered visiting a pawn shop? Local pawn shops tend to carry items you won’t find anywhere else, and typically at a reduced price. Some pawn shops even partner with other businesses on popular inventory. 

While you’re there, you can also bring in your merchandise for a temporary loan to cover all of your holiday needs. For example, Fullerton Pawners, which is located in dozens of Chicagoland neighborhoods, can handle many services for their clients:

  • Loan appraisals
  • Jewelry sales
  • Cash loans
  • Watch and computer repairs
  • Much more

But this time of year, a trusted pawner is also your best bet for unique, inexpensive gifts you won’t find anywhere else. There are a few reasons people should do their holiday shopping at pawn shops:

Diversity of Gift Options

Are you in search of beautiful, antique earrings for your girlfriend? How about a cool gaming console for your nephew that you can’t find anywhere else? From nice watches to televisions and other electronics, pawn shops have some of the most unique inventory around. And you can pick up your gift items at a lower cost than what you would have to spend somewhere else. 

Better Prices Let You Buy More Presents

It goes without saying: the better prices at pawn shops leave more dollars in your pocket. This year, forget the overpriced items. Save your cash and get something special for yourself, as well. You might end up spending just half of what you would on a similar item somewhere else. 

Vintage Gifts Rule

When shopping for loved ones, there’s always the risk that they have the item you bought – or that they might get something similar from someone else. With so many shoppers heading to the same big box stores and websites, it can be difficult to find original items. 

Holiday gifting should be special! And vintage items are always popular, now more than ever. Find out what vintage items are available. That retro-loving friend on your list will thank you. 

Buy Back Something You Hawked – or Get a Loan for Holiday Shopping

The holidays can be an opportunity to buy back that item you hawked that you need back, perhaps as a gift to someone else. But mostly, pawn shops give you an opportunity to sell something temporarily for a small loan you need around the holidays. When a bank isn’t an option, pawners are a great alternative for someone needing a loan of $500 or $1,000. Some reasons for this:

  1. No credit history needed
  2. A temporary financial solution
  3. Easy access to cash
  4. Pay it back with no questions asked
  5. No bank account necessary

Skip the Crowds. Pawn Shopping Is Fun!

Each pawn shop is unique, and in today’s world, that says something. But around the holidays, especially, shopping can be a nightmare. The holiday season should be about enjoying yourself and supporting neighborhood businesses, not waiting in lines or haggling over expensive products. 

Skip the crowds and the headache. Visit small neighborhood shops instead, and remind yourself what originality looks like.

Talk to Full-Service Pawnbroker at Fullerton Pawners In Chicago

Just like with the gifts themselves, there’s a broad variety of pawners out there, from trustworthy ones to those that should be avoided. 

Do some window shopping this season! Stop and have a conversation with the salespeople about what they’re offering, eye-catching displays, and any good deals they may have. An experienced broker will know about the item because they vet what comes in the door. You might want to find out:

  • How old is it?
  • Was it gently used?
  • How do they test the conditions of items?
  • What is the market value (vs asking price)?
  • Are there any other selling points?
  • Are there other comparable items in store?

Contact Fullerton Pawners online, or call us at 773-637-9999 for more information on what we can do for you this holiday season!

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