Kalihi - Palama, Hawaii
628 N King Street
Honolulu, HI 96817
(808) 383-5253
The Most Trusted Pawn Shop in Honolulu, HI

5 Common Pawn Shop Misconceptions February 21, 2017

Kalihi - Palama, Honolulu
5 Common Pawn Shop Misconceptions, Honolulu, Hawaii

Many people hear the words “pawn shop” and think of seedy stores where criminals sell stolen goods. In reality, pawn shops are legitimate businesses with strong ties to their communities. A Happy Pawn in Honolulu, HI, is a Better Business Bureau pawn shop that offers fair pricing on all items customers are looking to buy, trade, or sell. They provide customers with fast cash and high pricing on diamonds and jewelry. The team at A Happy Pawn knows that a visit to their shop will eliminate all of the following misconceptions people have about pawn shops.

5 Pawn Shop Misconceptions

1. Pawn Shops Contain Stolen Goods

One of the biggest misconceptions about pawn shops is that they accept stolen goods. This is false. There are strict processes in place to log in all items that are bought and sold. Detailed records are kept of the seller’s information including name, address, and description. This allows them to work with law enforcement and provide as much information as they can if they believe an item might be stolen.  

2. Pawn Shops Rip You Off

Many people believe that pawn shops are out to take advantage of people coming in to pawn their items. In reality, pawn shops offer short-term loans for those who need fast cash and offer a fair price on what they believe that item is worth, how long they think it might sit on their shelf, and what they can get for resale. Pawn shops are a business and need to make a profit, but that does not mean that they are out to take advantage of the customer.

3. Pawn Shop Items Are Damaged, Outdated, or Low-Quality

Pawnbrokers make sure that all items brought into their shops are in good working order and meet their standards. Pawnbrokers won’t accept electronics that are so outdated that they can’t be resold. And when it comes to jewelry, you can find high-end jewelry, precious stones, and watches that are all almost indistinguishable from new items and are offered at a discounted price.  

4. All Clients Are Down on Their Luck

A variety of people use pawn shops, not just those who are down on their luck. Many customers are looking for short-term loans without negatively affecting their credit or having to go through a bank. Others are looking for fast cash on an item they want to sell.

5. Pawn Shops Are Unregulated

There is a misconception that pawn shops are unregulated. In fact, pawn shops are regulated by both state and federal laws. All pawn shops have to be licensed and follow laws that are similar to bank regulations.

Now that some of the most common misconceptions about pawn shops have been debunked, come into A Happy Pawn today to buy, sell, or trade your items. If you are looking to sell gold or exchange diamonds and jewelry, call (808) 383-5253. For more information on all their pawn shop services, visit them online.

Other Announcements, Events and Deals from A Happy Pawn
3 Tips for Buying Pre-Owned Fine Jewelry, Honolulu, Hawaii
Many people head to pawnshops to buy antique and estate jewelry. These gently used pieces are one-of-a-kind since they may not be in production anymore, and you can get a unique...read more
3 Valuable Household Items to Sell, Honolulu, Hawaii
If you’re looking for some extra cash, take a quick tour through the house. The total value of unused items in garages, basements, and closets across the U.S. is around $93 bill...read more
3 Steps for Buying Used Electronics at a Pawnshop, Honolulu, Hawaii
If you’re looking for a way to get a new phone, camera, laptop, or video game console at a discount, buying used at a pawnshop is a budget-friendly way to get your hands on new techn...read more
3 Easy Ways to Clean Jewelry, Honolulu, Hawaii
Before going to a pawnshop for a jewelry exchange, clean your pieces to ensure they look presentable. This will help you get top dollar for them. If you aren’t sure how to spruc...read more
4 Tips for Buying an Engagement Ring, Honolulu, Hawaii
When you find the person you want to marry, you’ll want to give them the perfect engagement ring. To get the ball rolling on this milestone purchase, head to a reliable paw...read more