“Loans made on most anything of value”
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There's a reason why many pawn shops have a large assortment of shotguns and other types of weaponry. Weapons are often one of the best things to pawn or sell; they have known value, they are usually fairly expensive, and you don't usually need them in your day-to-day life. But because a shotgun is a weapon (even if it's a collector's item), you need to do some special preparation.
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Pawn shops get a bad rap. While they certainly offer much-needed items at low prices, they’re not necessarily places of bad business, cheap items and scams. Despite being local establishments, pawn shops have a high amount of resources available. They use these resources to abide by the law, hold competitive rates and uphold community values. We’re debunking the top five myths surrounding pawn shops, one fact at a time.