![]() ![]() When we went around Detroit last year, trying to pawn a few items, we experienced firsthand the different prices that pawn shops offer-even for common items. It confirms what we experienced during our visits to pawn shops in Detroit: Pawn shops offer wildly different prices. This experience led us to found PawnGuru, a website where people can connect with multiple pawn shops, and we now have data from thousands of pawn shop bids and transactions. ![]() Items that one pawn shop offered hundreds of dollars for were valued under $100 by others, or didn’t even get an offer. We wanted to see whether pawn shops offered similar prices, or if people should shop their items around. Last year, we visited eight Detroit pawn shops with a violin, an iPad, a gold ring, and a diamond ring. Should you do it? Or should you try another shop? You need some cash, and the employee at the register says that he’ll loan you $35 if you pawn it. Imagine that you take a gold ring to a pawn shop. This guest post is adapted from the blog of PawnGuru
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