What To Expect When Pawning a Watch

Watches are some of the most common items that are bought, pawned, and sold at pawn shops across the country. If you need to get some quick and easy cash, using a high-end watch as collateral for a pawn loan can be a great idea. If you are considering pawning or selling your watch at a pawn shop, you should know what to expect from the process before you arrive to ensure everything goes as smoothly as possible! Below, we’ll provide you with all the information you need about pawning watches, ensuring that you know exactly what to expect when you arrive at your local pawn shop to sell or use your watch as collateral for a loan! For more information about the pawn loan process or to pawn watches, jewelry, and other items in New England, please don’t hesitate to contact Empire Loan at any of our eight locations today

What Types of Watches Can I Pawn?

While all types of watches can be pawned, the more high-end the brand, the more you can expect to be offered for it. Popular high-end brands typically fetch the highest buy and loan offers, while pawn shops may not be interested in purchasing or offering a loan on a watch from an unknown brand. Some watch brands that pawn shops covet include Rolex, Omega, Audemars Piguet, Cartier, Patek Philippe, Jaeger-LeCoultre, Richard Mille, and Breitling, among several others.

How Are Loan Offers Determined For Watches?

The offer that you receive from a pawnbroker for your watch will be determined by a few factors, including the brand of the watch, its current condition, and the comparable value of similar watches. Typically, watches from higher-end brands are more valuable and will result in higher offers. In order to get the best offer price for your watch, make sure that it is clean, in good condition, and is in working order when you bring it to the pawn shop. In most cases the pawn shop will require you to have the original box and any paperwork that came with the watch originally. This helps with authentication and may even increase the value and therefore the amount offered. When you bring a watch into a pawn shop like Empire Loan, the pawnbroker will make you a cash offer on a buy or a loan right on the spot, allowing you to walk out of the store with cash-in-hand in just minutes if you accept the offer! Learn more about how pawn shops evaluate items and determine loan offers by visiting our blog on the subject!

Woman hands man a watch in exchange for cash.

Can I Get My Watch Back After I Pawn It?

After receiving a pawn loan on a watch, you can get your watch back at any time (within the terms of the loan) by simply paying back the amount you borrowed, plus any interest and fees that have accrued at that time. After you get a pawn loan, your watch will be held in the pawn shop’s vault or safe until you either redeem your loan and get the watch back, or default on your loan and lose ownership of the item. Here at Empire Loan, we are proud to say that over 90% of our customers redeem their loans and get their items back! For more information about the pawn loan process, please contact your local Empire Loan location today!

Contact Empire Loan!

If you have any additional questions about pawning watches, please contact Empire Loan today or visit any of our eight locations in New England! We are proud to be New England’s most trusted & reliable pawn shop, with locations throughout Massachusetts and Rhode Island! Contact us today at your local Empire Loan location or call us toll-free at +1 800 375-PAWN!

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