FAQ (Frequently Asked Questions)
Why would someone go to a pawnbroker to get a pawn loan?
Pawnbrokers offer the consumer a quick, convenient and confidential way to borrow money. A short-term cash need can be met with no credit check or legal consequences if the loan is not repaid. Pawnbroking imposes discipline on the borrower that other lenders may not. Pawn loans do not cause people to over extend credit or go into bankruptcy.
Are pawn rates excessive?
No. To provide their service, Pawnbrokers, like all lenders, must charge rates commensurate with the size of the loan, collateral, risk and recourse. Pawn loans involve substantial operational expenses in terms of appraisal of collateral values, storage, insurance and security infrastructure. Pawn loans are
small-dollar, short term loans with no hidden charges.
Do most pawn customers lose their merchandise?
On average, about 90 percent of all pawn loans are repaid. Repeat customers make up a majority of the business, similar to any other lending or retail establishment. Pawnbrokers establish relationships with their customers because they often borrow against the same items repeatedly. Pawnbrokers offer non-recourse loans, looking only to the item being pledged to recover their investment if the borrower chooses not to repay the loan.
How can I be sure the merchandise I purchase at a pawn store is not stolen?
Less than half of one percent of all pawned merchandise is identified as stolen goods. That is because customers must provide positive identification and a complete description of the merchandise. This information is then regularly transmitted to law enforcement, which dramatically decreases the likelihood that a thief would bring stolen merchandise to a pawn store.
Does the general public have a correct or even fair image of a pawn store?
No. Today’s pawn store looks very different from the stereotypical portrayal seen in film and television.
Pawnbrokers have been, and continue upgrading the interior and exterior of stores, as well as employee
presentation, customer service, exterior signage, and their marketing and merchandising methods. Pawnbrokers focus on providing exceptional customer service and are active in the community, both politically and within local charities.
What does GRANTERS buy or what items can we bring in for a cash offer?
“If it has CASH value and GRANTERS pawn shop can buy it at the right price, we want it and will pay CA$H money for it!” Vito the Pawnbroker.
Do you only take in jewelry?
No, GRANTERS buys many different types of items, as long as we believe that we can buy it at a fair price and still sell it for a profit we want it and will pay CA$H on the spot for it! “So bring in your treasures and walk out with my cash.” – Vito the pawn broker.
Why sell to GRANTERS pawn shop?
It’s Easy, Convenient, and Fair. We are a one stop shop. GRANTERS has been BUYING, SELLING & PAWNING in friendly, downtown El Cerrito since 1943. Bring in your item of value and walk out with a pocket full of CASH. No hassles with trying to arrange meetings with potential buyers ~ No endless emails and postings on Craigslist ~ No waiting 7 days to see if your item might sell on EBAY ~ No sending your items off in the mail to a CA$H for GOLD scheme and not having any idea what they are going to give you! GRANTERS puts cash in your pocket NOW not promises in the mail.
- Step ONE – Come in and have one of GRANTERS experienced appraisers look at your items and evaluate them. If he is interested in any items of value he will ask you “How much you would like for them?”
- Step TWO – If you do not have an asking price he will make you an on the spot CASH offer to either buy it or give you a loan called a “pawn”, which in most cases would be half of what the offer to buy is.
- Step THREE – Walk out with CASH $$$ in your pocket.
Do you take any type of GOLD, SILVER, PLATINUM or DIAMONDS?
These always have value (new, old or even broken) bring them in and GRANTERS will evaluate and make an offer on the spot based on a percentage of that days market value. This applies to all Fine jewelry & watches as well.
Do you deal with Large Estates and coin collections?
YES ~ Email or call. Vito the pawnbroker / Vito the Realtor is also a licensed Real Estate Agent (510) 525-9144
What about Sterling silverware sets and jewelry?
(Look for the .925 or Sterling stamp) these are mainly the only type on which we offer cash but bring in any vintage items to be evaluated.
Any Musical instruments?
New, old or even Vintage can be brought in for evaluation. Guitars, Saxophones, Banjos, flutes, clarinets, high end amps. (Sorry, but many of the cheaper less expensive instruments made in china have no value for resale to us.)
Do you take Electronics?
Yes but, only some NEWER types in perfect condition may have a cash value to us.
Electronics must be in excellent condition and have no missing parts. Laptops & TV must be less than 2 years old. TV’s require remotes. Newest video game systems (Xbox One and X360, Nintendo WII, Playstation 3 and 4 ) . No car stereo items. Electronics will usually bring approximately .10 to .30 cents on the retail dollar allowing us to sell it to our clients for %50 of retail or .50 cents on the dollar.
Are you taking Digital cameras?
Yes, but they must be 10 mega-pixel or higher and in excellent condition with charger and battery. Some high end camera lenses can be very valuable.
Any other Items?
Yes, Vintage RED LINE HOT WHEELS, trains and many more vintage TOYS can be a great item to sell and in some rare cases bring HUGE MONEY if they are the right ones. (Email pictures of any vintage toys you may be interested in selling.)
Any antiques or vintage items: Pocket watches, swords, knives, bayonets, art, coins, paintings, etc. Fire Arms must be at least 100 years old, NO modern guns. Vito and Uncle Ralph would like to see any vintage and antiques you are interested in selling. Even some vintage hand bags and costume jewelry has value.
(Not everything old will have value. But it is worth bringing in or emailing GRANTERS pictures and a description to see if we are interested in buying.)
Collectibles and memorabilia have taken a huge downswing in this economy, while $$$ GOLD & SILVER $$$ have hit all-time highs. The value on these items are at an all-time low ~ But even in these hard hit economic times GRANTERS is still trying to help out with a cash offer on certain memorabilia. Certificate of authenticity will always increase the value and many times without it we will not even be able to purchase the item at all without it. Email pics or bring it in with a certificate of authenticity.
You must be over the age of 18 with a valid form of CA identification, DL or Passport to offer any items for sale or evaluation at GRANTERS pawn shop.
Why Choose Granters Pawn Shop?
- Over 70 years of experience, Est. 1943
- Fine jewelry up to 75% off certified value
- Quality used musical instruments
- Easy to reach location in friendly downtown El Cerrito
- Top dollar paid for your GOLD, SILVER & DIAMONDS $$$