Pawn or Sell, Which option is Right for You?
Pawning and selling each have their own advantages. Pawning lets you use the value of an item as collateral against a loan, while selling is a one-time transaction that gets you cash fast with no stings attached. A pawn lets you get your item back if you meet the terms of the agreement with your pawnbroker.

Here is a brief guide to determining which option is best for you: 

Money for gold

Pawning Is a Secured Loan

Pawing a valuable item is a great option is you need money quick but don’t want to lose full possession of the item in question. The conditions of the pawn depend largely on the agreement between you and your pawnbroker. Here’s how the pawning process works in a nutshell:

  1. You bring the item you wish to use as collateral against a loan. This is the action of pawning.
  2. The pawnbroker will assign a loan value to that item and draw up a loan agreement with you for a determined period of time.
  3. You repay the loan amount plus interest for the safekeeping of your valuable item over time.
  4. Once you’ve repaid the terms of the loan, you get your collateral back.

If all goes well, you’ll receive the Money you need and keep your valuable item as well.

Selling Is a One-Time, Fast Transaction

If you have no use or attachment to a valuable item, consider selling it instead of pawning. Selling is a pretty straightforward transaction, as you can imagine. In exchange for money, the seller gives up full ownership of an item to the buyer. The item now can be used for whatever purpose the new owner wants. Selling is great if you want to free up space in your house or want to receive cash fast and without having to make monthly payments or pay interest on it.

With over 60 years of pawn brokering experience in New Jersey, Century Pawnbrokers is committed to providing our customers with personalized service and value. In addition to our retail services, we also provide instant cash loans on gold, diamonds, watches and more. 

pawn broker

Instant Cash Loans:
What is a Pawn? A pawn is basically a collateral loan. We will make you a loan based on the current value of the item you provide to secure your loan.

Advantages of securing a Pawn Loan:

  • 1.) A pawn is fast, easy, and very convenient. Just bring the item you wish to pledge, and in a matter of minutes you can be walking away with your cash.

  • 2.) No credit check required! Your loan is based on your item not your past credit history.

  • 3.) You have up to 60 days before you have to pay anything! Our loans are up to 60 days at 25% per month.

  • 4.) If you feel you may not be able to repay within 60 days, simply contact us and we will work with you. Easy Extensions and Renewals allow you to pay a minimum to extend your loan for at least 30 additional days. You can extend or renew a loan as many times as you would like. No maximums!



pawn brokerYou can Pawn almost anything of value! * Jewelry * Diamonds * Hand Tools * Power Tools * Musical Instruments * Musical Electronics * Computers * Laptops (less than 1.5 years old) * Home Electronics (less than 4 years old) * Stereos * iPods 
Your collateral will be kept safe and secure until you are ready to repay your loan.

pawn brokerRequirements to make a Pawn: * Must be at least 18 years of age. * Must have an ID, Drivers License, or US Passport and * Your item to Pawn.

Please feel free to contact us with your questions.

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