Pawning Musical Instruments: What You Need To Know

Category: Others/ Misc

Presentation Description

Pawn shops handle so much more than just scrap gold and jewelry; many also deal in used musical instruments. Learn how to sell them, buy them, or use them as collateral for pawn loans. Learn more at


Presentation Transcript

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• Yes Many people think of pawn shops as places that buy primarily jewelry and precious metals but they’re also a great place to sell unwanted instruments quickly for cash. • Any instrument can be pawned but instruments that are in high demand in good working order and have been well kept will be easier to sell. • Your closest pawn shop may not deal in instruments so make sure you look for one that does like ours.

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• Bring your instruments in for appraisal. At GEM Pawnbrokers this is done by staff who are familiar with instrument values. • Try to bring any related accessories or equipment e.g. violin bow rosin case etc. all together it may get you more money. • Present your instrument in the best possible condition. Make sure it is playable as they may ask you to demonstrate its sound.

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• Guitars – Electric guitars – Acoustic guitars – Accessories like amps cords stands etc. • Drums – Full drum sets – Individual drums/accessories cymbals toms kick drums pedals etc. – Bongos congas

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• Anything common to school music programs – Strings violins violas etc. – Woodwinds flutes clarinets etc. – Brass trumpets trombones etc. • Rare vintage or collectible instruments – Uncommon or famous brands/designs – Exceptionally well-maintained vintage instruments – Instruments played or autographed by celebrities etc.

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• Shop around for the highest payouts before selling get estimates and compare. • Get a rough idea of what your instrument might be worth—but be realistic. The value isn’t likely to be what you paid for it no matter how expensive it once was. • Find a place with trusted appraisers who hold reliable certifications. Check local reviews and/or the Better Business Bureau.

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• Buying at pawn shops is more affordable than buying new buying used from other places or even renting monthly. • Pawn shops can give you access to unique and vintage instruments you won’t find in typical music stores. • Ask to play instruments before buying. Just like anywhere else pawn shop guitars and other instruments can vary in sound quality and comfort.

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• If you don’t want to part forever with your instrument you can use it as collateral for a pawn loan. • Bring in your instrument get cash for it then get your instrument back later when the loan is paid off. • GEM Pawnbrokers processes pawn loans instantly with no tedious wait for approval. Walk in with the instrument walk out with cash in hand.

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GEM Pawnbrokers is a New York City area pawn shop with over 70 years of experience and 24+ locations. Our friendly staff are experts in assessing the value of all kinds of items. We’re also certified by both the Gemological Institute of America GIA and Jewelers of America JA. To learn more about what we buy and sell visit

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