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Do Pawn Shops in Upland Buy Coins and Currency?

Do Pawn Shops in Upland Buy Coins and Currency?

by | Feb 20, 2021 | Blog

Upland is one of the Inland Empire’s best-kept secrets for buyers and sellers of all kinds of collectibles. As one of the area’s oldest established communities, it has long been home to a diverse group of collectors of all sorts, from antiques to baseball cards and everything in between. For today’s collectors, this means that when you need to sell your collectibles, Upland is full of resources.

Upland is also a neighbor to one of the Inland Empire’s most trusted pawn shops, Central Mega Pawn. For over twenty-five years, Central Mega Pawn has worked hard to earn the trust of collectors when they want to sell, buy, or pawn coins and currency. Keep reading to learn more about how pawn shops in and around Upland, including Central Mega Pawn, buy coins and currency.

Some basic considerations

First, let’s cover some basics of selling coins and currency. Maybe you have recently inherited or found a coin and currency collection and are unsure what to do. This is a very common situation that we often encounter at Central Mega Pawn.

Most people assume that coin and currency collections must have some value since these items are inherently currency and usually made of precious metals. And while this is true, not every coin will be an in-demand item at all pawn shops. The reasons why a pawn shop will not accept coins and currency varies.

Lastly, keep in mind that not all pawn shops are created equal. They are as unique as the people running them, so be sure to do your research. Not every pawn shop will buy coins and currency for various reasons; some are unable to verify if a coin or note is authentic and will not take the risk of trying to resell illegitimate merchandise. Others might already have a healthy stock of coins and currency and cannot take on more coins until they sell existing stock.

Selling coins and currency at your local Upland pawnshop

When you are ready to sell your coins and currency to your local Upland pawn shop, you are in luck: you do not have to do too much to get them ready to sell! Unlike many other items, where the condition is a significant aspect of its appeal, most coins and currency are expected to show some wear and tear. The only main exception would be uncirculated coins or paper notes. Uncirculated coins or currency are expected to be free of scratches or other signs of wear and will get the highest offers.

However, it would be best if you still made the collection as presentable as possible. Scratched or dirty holders or display pages do not create a favorable impression. It may be worthwhile to purchase new protective holders if the ones you currently have are damaged. Or, you may consider transferring the collection to a clean box or case.

Also, even if you do not know much about your coins’ history, such as their origin, be prepared to answer questions about how you obtained the coins or currency, or about the coins themselves. It is okay to say that you do not know; your pawnbroker needs as much information as possible in order to make you an offer. You can prepare yourself by doing a little homework. Search recently completed auctions on auction sites or numismatic collector’s websites and pay extra attention to any trends you notice about the price of precious metals or a recent increase in popularity.

When it comes time to discuss your offer, have realistic expectations. This is the point where your research will come in handy. The more knowledgeable you are, the better able you will be to recognize a fair offer when your pawnbroker makes one. All too often, sellers expect full market value for their coins and currency and even some beyond that.

The truth of the matter is that except for very valuable and rare coins, most pawn shops that buy coins and currency in Upland and elsewhere will not be able to offer you the full value of the coins. In fact, most will likely offer around the price of melt. Rest assured that when you work with Central Mega Pawn, we will do everything we can to get you the best price possible, but keep in mind that we are also a business and must keep our doors open to continue serving our community.

Why sell your coins and currency at Central Mega Pawn?

You have lots of options when it comes time to sell your coin and currency collection. Unlike other selling methods, such as through auction houses or auction sites that add on lots of fees and additional charges, you will get your full value in cash when you sell to your local pawn shop.

When you are looking for pawn shops in the Upland area to sell your coins and currency, it may quickly become overwhelming due to the sheer number of shops in the area. There are pawnshops in every neighborhood throughout the Upland community, so we understand that it may be a difficult choice. Nevertheless, here are only a few of the many reasons why you should choose Central Mega Pawn when you need to sell your coins or currency:

  • Our in-house expert – Central Mega Pawn is only one of a few pawnshops nationwide to have a full-time jeweler on hand. If you are wondering what a jeweler has to do with coins and currency, it’s actually pretty simple: in many cases, coins that are sold to pawn shops are melted down for the value of their metals. Our in-house jeweler can recognize the precious metals’ quality in your coins and make you the best offer possible.
  • Our history of trust – Central Mega Pawn has been serving the Inland Empire for over ten years. In that time, we have become a trusted resource for people all over Upland. Visit us today to quickly see why we are the pawnshop of choice for all your selling, buying, and pawning needs.
Buying and Selling Paintings & Other Works of Art at Your Local Pawn Shop

Buying and Selling Paintings & Other Works of Art at Your Local Pawn Shop

by | Feb 7, 2021 | Blog

It is a sad but true fact of our economy that many people part with non-essential items to get the cash they need when times are tough. For some, this means selling or pawning things like DVDs or other electronics, while for others, it means parting with works of art or entire art collections. Due to recent challenging economic times, many have turned to pawning their high-end works of art, including sculptures, lithographs, and drawings instead of sending them through auction-houses or galleries time-consuming and expensive for sellers.

Pawning works of art was mutually beneficial because collectors could quickly get the cash they needed, and pawn shops were able to expand their business into works of art. As a result, many pawnbrokers are now experienced art buyers and sellers. Some even now specialize in artwork. At Central Mega Pawn, we continue to receive beautiful works of art, including sculptures and drawings, thereby making collecting and enjoying art accessible to more people.

Thankfully, things are looking a little brighter financially. However, there are still plenty of collectible, investment-grade works of art to be found on the shelves of many pawnshops nationwide. At Central Mega Pawn, we invite you to search for your next (or first) piece of art in our shop.

If you are new to pawning or are surprised to learn that your local pawn shop buys, sells, and pawns works of art, keep reading to find a handy guide on buying, selling, or pawning works of art.

Buying works of art at your local pawnshop

Buying artwork at your local pawn shop is a lot like buying anything else – when you see something you like, you make an offer, then you have a reasonable amount of time to return it if you are unhappy with your purchase. But, when it comes to art, there are a handful of additional considerations you should take to ensure you are happy with your new works of art, including:

  • Know what you like – sometimes, a work of art speaks to you, and you feel like it belongs in your home. More often, however, it is a smart idea to figure out what kind of art you like. The best way to do that is to look at lots of art! Visit galleries, even virtually. Look up artists online and get a sense of what appeals to you. This will help you make wise decisions when it comes to buying and collecting art.
  • Set a budget – art is lovely, but it is not a necessity. To avoid spending more than you are comfortable with, make a budget and stick to it for each piece that you buy. That said, sometimes, a splurge is worth it for the right piece. Just try to avoid buyer’s remorse when it comes to art.
  • Carefully examine before you buy – this is one of the very many advantages to buying art from your local pawn shop. You are free to reasonably examine items before you purchase and to ask pertinent questions.

Selling works of art at your local pawnshop

If your goal is to get the most money for your works of art, be they sculptures, lithographs, drawings, or paintings, the right move for you is your local pawn shop. Selling your artwork to a pawn shop has many advantages over other methods of selling art, like auction houses, art galleries, or to private collectors. Here are just a few reasons why selling art at your local pawn shop is a good idea:

  • Expedited processes – when you work with a pawn shop to sell your works of art, you avoid the time-consuming process of having it appraised by full-time art dealers, then waiting for an auction house or gallery to schedule a sale for you. At your local pawn shop, you get your offer and cash in a matter of minutes.
  • Safety and convenience – most pawn shops, like Central Mega Pawn, take your safety and comfort seriously.
  • Flexibility to negotiate – when you sell works of art to your local pawn shop, you are welcomed to negotiate whenever possible. All that requires you is to know the value of your artwork and have realistic expectations.
  • Get more money for your artwork – selling your artwork through the traditional channels of auction houses or brokers can be expensive. You must pay fees at every step of the way, including a commission to the broker. When you sell your artwork to your local pawnshop, you avoid all those fees!

Keep in mind that your local pawnbroker may only be interested in one or a few pieces in your collection – this is because pawn shops must be discerning about every item they purchase or keep on their shelves. Demand may vary. You can always contact us to see if we would be interested in learning more or buying your art.

Pawning works of art at your local pawnshop

If you are not quite ready to part with your works of art but need a quick cash loan, a pawn shop is definitely the option for you. This is because pawn loans are collateral-based loans that do not affect your credit. When you use your artwork as collateral, you will get your items back once you repay your loan. In this way, your artwork can act as a proper investment.

Here are some general tips to help when you pawn your artwork, be it lithographs, sculptures, drawings, or any other form:

  • Research the value of your artwork – you can look at recent sales of similar pieces or inquire on message boards.
  • Have realistic expectations – pawn loans are generally around 40% – 50% of the appraised value.
  • Bring your pawnbroker any certifications – any information you can provide about your work’s provenance or authenticity will get you a higher offer.

You never know what kind of art you will find at your local pawn shop. One thing is for sure, though – when you find that perfect piece of art, you should buy it, if possible. Fantastic artwork that speaks to you is rare, and if Central Mega Pawn happens to be your local pawn shop, our great prices and reputation for outstanding customer service mean that items do not last long on our shelves. The next time you want to buy, sell, or pawn works of art, contact Central Mega Pawn – you will quickly learn why we are fast becoming the Inland Empire’s #1 resource for all your artwork needs!