Do Pawn Shops Buy Silverware? | Sell Silverware in Las Vegas

Pawn shops offer quick loans to customers who are often unqualified for proper bank loans. They have a system that focuses on earning through loans with high-interest rates. So to answer the question, no, you cannot just sell silverware to pawn shops. We understand that many households have some sets of precious silverware sitting and collecting dust in their kitchen. Pawning silverware may indeed be a fast way to earn some cash. But in this article, we’ll help you understand why selling is a far better option that allows you to get the price that matches the value of your silverware. 

Value of Silverware

The silver content in silverware makes it durable. Families can pass it on through generations if they take good care of it. It can even go for more than 100 years if you preserve it well. Unfortunately, not many companies manufacture precious silverware these days, making them a little hard to find. You will need good connections to start collecting precious silverware items. Hence, selling silver can give you quite the fortune, especially if you carry ones with high silver content and are extremely rare.

You can pawn silverware, but you will have difficulty finding a pawn shop that will accept it since pawn shops mainly focus on jewelry and electronics. For easier and faster transactions, you can sell your silverware instead. To determine the value of your silverware, a reputable silverware buyer would take its silver content, weight, design, rarity, and hallmarks. Remember to keep these things in mind once you decide to sell to avoid getting ripped off. 

Why Pawning Silverware is Wasteful

For the most part, pawn shops tend to take advantage of their customers’ urgent need for cash. They know that their clients need money so much that they are willing to take on a deal that would cost them more in the long run. They also know that their clients are usually people who do not qualify for proper bank loans, so they assume that these people don’t have any other way to earn money fast. This system is what has kept pawn shops running for years. 

So, when you pawn silverware, know that whatever price you get for it is probably less than the real value of your silverware pieces. The pawn shop would loan you money quickly but keep in mind that this loan comes with high-interest rates. So, in the end, you pay for more than what you gained from pawning your silverware. 

Sell Silverware Instead

Meanwhile, when you sell silverware, you will get an amount of cash that matches the true value of your silverware. Moreover, unlike pawning your silverware, you wouldn’t have to worry about paying off any debt when you sell it to an honest silverware buyer like Nevada Coin Mart. Unlike pawn shops that merely assign a price to items, we have proper procedures and systems to determine the value of silverware. We are also home to experts on precious metals like silver and gold, so we can guarantee that you get an offer that your items truly deserve. 

Moreover, most pawn shops target electronics and jewelry, so you might find it hard to find one that would accept your silverware. That’s why we recommend skipping the pawn shops and just go for selling instead. 

Best Silverware Buyer

Nevada Coin Mart has maintained a good reputation as silverware buyer for over 25 years now. We use non-destructive ways to test the genuineness of items. We also have a state-of-the-art Thermo Niton X-Ray Spectrometer to analyze silver metal content on any items. If you plan to pawn your silverware, try to sell your silverware first to see the difference. You can bring them to Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103. You can also call us at 702-998-4000 to talk to one of our expert buyers today.  

Brief History

Today, the term “silverware” has become the generic word when pertaining to eating utensils, even simple stainless ones. However, silverware originally got its name because manufacturers used to incorporate actual silver into flatware. They believe that due to its antimicrobial properties, silver is an excellent element to include in utensils that humans often put in their mouths. However, not everybody can afford genuine silverware, so they have become uncommon. You can only find precious silverware in wealthy households, and they would often be for display only.