While pawn shops have been portrayed negatively in the past, modern stores are clean, well-decorated, and stocked with an impressive inventory, ranging from antique jewelry to electronics. The pawnbrokers at Lincoln, NE’s Moore Pawn & Furniture have heard plenty of misconceptions about the industry and want to dispel some of the common myths.

Debunking 4 Myths About Pawnbrokers

Myth #1: Pawn Shops Are Seedy Places

Unlike what you’ve seen in the movies, prepare to enter a clean, well-lit, space. Today’s pawn shops operate at the highest level of professionalism, with every item spruced up, well-functioning, and waiting for a new home. Since both buyers and sellers can feel anxiety while making deals, pawnbrokers create a welcoming, pressure-free atmosphere. 

Myth #2: Pawn Shops Purchase Stolen Goods

If you’re worried about stolen jewelry finding its place at the pawn shop, breathe easy — pawnbrokers report all transactions to the police, so investigations reveal stolen goods. These will never be found among the inventory, and since every seller’s ID and item photos are collected, shops do their part to catch criminals. 

Myth #3: Pawnbrokers Offer Below Market Value

Pawnbrokers are knowledgeable professionals who know the value of goods like the back of their hand. These experts know when a specific item’s value rises or falls, allowing them to thoroughly explain their offer. Don’t expect to earn retail price; items such as electronics lose value the minute they’re purchased. With new models constantly debuting, even if you paid $2,000 for a new laptop, it might be worth only $200 now. No matter what you bring in, pawnbrokers do adequate research to provide the highest value for your belongings. 

Myth #4: Pawn Shops Charge Alarming Interest Rates

The interest rates at your local pawn shop are significantly lower than those available at loan stores. With pawn shops, you’ll receive your loan at a low interest rate — usually around 20%, though it varies by area — using your item as collateral. 

If you’re seeking the ideal place to sell your unused goods or secure a quick loan, Moore Pawn & Furniture is your go-to destination. Whether you want cash for gold, jewelry, or furniture, these expert pawnbrokers will handle it all. Visit their website to browse their inventory, or call (402) 477-5116 for additional information!