Can You Make Money Reselling Pawn Store Items?
The answer: YES! But it depends on the pawn store.
Today was national pepperoni pizza day so the wife and I decided to get a pie or two.
Papa Murphy's had the best deal, a large pepperoni pizza with qualifying purchase. The cheapest way to get this deal was to buy a cheese pizza for $9.50 and get the free pie. Not a bad price for two larges. It is dinner for two days as Papa Murphy's is a place where they give you the pizza to cook at home. Makes it easy to save the other one.
Anyways, while I was waiting for my order to be made I went to the nearby pawn store to see if I could find any decently priced silver or anything to resell.
No worthwhile silver was found, but a search of the wares brought out some promise. Mostly because of this unusual pricing scheme.
As you can see, they tell you right on the price tag what the price is - AND when it will go down! Wow, this is valuable info for a reseller as most pawn stores do get the initial pricing right.
Thanks to this easy to see discount label, I managed to find two largely discounted musical equipment items to resell. Then a nice clearance section yielded a very expensive power tool for just $25.
Here is what I paid:
Hilti DX351 Powder-actuated nail gun: $25
Rocktron Banshee Amplified Talk Box: $63.99
M-Audio M-Track Quad: $64.99
Add in sales tax for a total of $167.38
Now all three items are listed on eBay for a total of over $450.
When they all sell I will see a profit of $200. If I have to discount them slightly, I should still double my money.
Not too bad of a way to spend my pizza waiting time.