Pawn My Watch Boca Raton
Common knowledge says that a Rolex is as good as cash. You can pawn your Rolex at any local pawn shop and get immediate cash for it. But how much is my Rolex worth? Are some worth more than others? How much I can get if I want to pawn my watch Boca Raton?
Getting cash for a Rolex watch is very easy. Most Rolex’s have a “dealer” value. It’s how much a pawn shop or local jewelry store knows they can flip the watch for. It’s almost like a stock in that the price fluctuates from time to time But at any given moment for the right price a dealer will buy the watch for cash. Let’s say a Rolex has a dealer value of $3,000. If you take that Rolex to your local pawn shop and need a $1,500 loan you should be able to get it no problem. Because at the end of the day they could sell the watch fast for a nice profit.
Not all pre-owned watches work like a Rolex. Other brands don’t hold their value as well. For example, a Jacob & Co. watch typically has a high retail price. Let’s say it’s $50,000. But if you go to sell that watch to an estate jewelry store they may only offer you $5,000 for it. It might seem crazy because you spent so much money on it, but the watch has a poor re-sale value. It’s hard to sell a pre-owned Jacob & Co. for anything close to the retail.
But on the other hand, some watches hold their value even better than a Rolex. Patek Philippe watches over time tend to increase in value. This means that if you buy a Patek and hold it for 20 years and never wear it you may be able to sell it at a profit. Some watches are bought as an investment that might make you money over time.
Most high end luxury watches have some sort of re-sale value. This means that you should be able to get at least something for it in case of an emergency. Some watches hold their value well and some don’t. It just depends on the brand, style, and popularity. But next time you need fast cash consider your local pawn shop.
by, Seth Marcus at Boca Raton Pawn
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