Farmer tries to pawn livestock
Online pawnbroker is meeting people trying to pawn the strangest things for quick cash.
Emma Pankhurst of Borro, the UK’s leading online pawnbroker, says a farmer recently tried to pawn his entire livestock in exchange for a quick cash loan.
Borro had to turn down the offer since it isn’t really cost effective to store live sheep and cows in their storage facilities, despite the relative luxury of those vaults.
Bizarre items people have successfully pawned include a set of gold teeth, a platinum belly piercing bar, and a rowing singlet worn by Olympic athletes.
The most commonly pawned items are Rolex and Breitling watches, perhaps because of the downturn in the City.
One such item was pawned by a premiership footballer in order to fund a wild night out.
One lady pawned her jewellery to buy herself a plane ticket to meet her father for the first time in 40 years.
Pankhurst says many customers use pawn loans to pay for plastic surgery, lawyers, or medical bills. Their services have come in especially handy amidst the economic downturn, which obviously gets dealt with in different ways.
Selling second-hand VS pawning valuable items online
Selling second hand
Are you looking to sell second hand an item of value? If so, do you really want to sell second hand, or would you prefer to keep your options open? If you pawn valuables, you don’t have to sell second hand, and you get the items back. This may be a much better cash-raising solution than kissing goodbye to an item of value that you might otherwise need to sell second hand.
Pawning your valuables
Items suitable for pawning are often those which are good to sell second hand. Jewellery and watches sell second hand easily, but are equally easily pawned. Other items which people often sell second hand on ebay are precious metals such as gold, silver and platinum, as well as sports and showbiz memorabilia, and certain types of art and antique.
There is always a market for these items if you wish to sell second hand - but if you can sell second hand, you can always pawn. Instead of trying to sell second hand online, why not try pawning these items online. Online pawnbrokers may be a much more flexible alternative than trying to sell second hand online. If you sell second hand online an item of value, you may get a bit more than if you pawn it online, but you will not get it back.
This is the big advantage that online pawning has over a sell second hand online situation. Before you sell second hand online, think about online pawning. It might be a better cash-raising solution than trying to sell second hand.
