If you are considering pawning your watch you may be thinking what is my pawn watch worth? It is a really good question and there isn’t a straightforward answer as there are a lot of factors that determine the value of a watch.
How do you determine the value of a pawn watch?
Many factors will impact the value of your watch and these are things that we will be looking at when we appraise your watch:
- Its make and model
- Its desirability which can be largely due to the brand or rarity of the watch
- What the watch is made from
- Its condition in terms of any marks, scratches and wear and tear to the mechanism
- Whether the watch is genuine or fake which can include looking at serial numbers, engravings, materials and the finishing to see if they match the standard of the manufacturer
- Any paperwork you have to accompany the watch to authenticate it
All these factors are used to both check that the watch is what we think it is and to determine its value. We will also conduct research if necessary to determine the market value of the watch. Based on what we find we will offer you a fair and competitive price for your watch that can be used for a loan. So, the best way to find out what your watch is worth is to visit us and let us appraise it for you.
How do I pawn my watch?
If you want to pawn your watch the process is fairly straightforward. You will need to bring it to one of our stores for it to be appraised by one of our trained appraisers who will carry out a full assessment of your watch to determine the value. Once they have done this they will provide you will a fair and competitive loan offer or a sale value in case you wish to sell it instead. You will be given the opportunity to review the offer and make your decision.
If you accept the loan offer, we will take your watch as collateral and store it securely in our safe throughout the loan term. The watch will be returned to you once the loan has been repaid including the interest. You can repay the loan early and get your watch back at any point. If you are struggling to repay the loan, you should speak to us to see if we can extend the loan term.
Find out what your pawn watch is worth by visiting one of our conveniently located 24 stores across the New York area.