Do I have to pay a pawn shop to recover a stolen item?

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Admin

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November 12, 2019

If you have an item stolen, make sure to go to the police as soon as possible. Give the officer the serial number of the item and any specific details. Thousands and thousands of items get stolen each year, so it is tough for police to know how to find your particular item if you don’t list as many details as possible. This will also help if your item shows up at a Pawn Shop and you need to provide proof that the item does belong to you. If an item gets stolen from you and you find it at a pawn shop, you will usually not be required to pay the pawnbroker the original amount he paid for the item. Keep reading to find out what you can do to make sure that you can get your item back and what steps to take to make it as easy as possible. 

Can I get my stolen item back from a pawn shop?

Yes, in most cases, you will be able to get your stolen item returned to you without having to pay the pawnbroker for the item. In rare cases, though, and according to the state you are located in, laws may be different, and you may have to pay the pawnbroker the same amount he paid the thief. Check your state laws to know for sure what you can plan on. 

Are pawn shops usually selling stolen items?

Because of the laws that have been passed for pawn shops, it is a lot less common for a pawn shop to carry stolen items for longer than 60 days. Every pawnbroker will follow the same steps when they are buying merchandise from a customer. They gather information like serial number, condition of the item, and any markings that are included in the merchandise. Once they have everything assembled, pawnbrokers will collect the customer’s information and background history; they will also need a form of ID just in case the item turns up stolen. The pawn shop will then put all the information in their system, which goes straight to the police in case the item shows up stolen. If the police find a match, they will search the pawn shop for the item and match it with any items that are similar in their stolen reports. 

What should I do if I notice my stolen item is in a pawn shop?

If you see that an item you previously found stolen is in a pawn shop, it’s best to act calm. If you have already notified the police that your item was stolen previous to being inside the pawn shop, you can call the police and let them know that you have found the stolen item. If, however, you did not call the police in advance to recovering the stolen object, it may look suspicious. The best way to handle it is to get as many pictures as you can of the item, any receipts, and any other forms of proof that shows the merchandise belongs to you. You can then call the police to let them know what happened and give them any evidence you have on the stolen merchandise.

Why do pawn shops need my ID?

It can be very frustrating and annoying when you walk into a shop and you have give them all sorts of information about yourself. Showing your ID to a pawnbroker might seem random and inappropriate at times, especially when all you are trying to do is sell a valuable. Well, there’s no need to worry, unless, of course, your a criminal, but other than that, you can be sure your information won’t be used for anything that could harm you. Showing a pawnbroker your ID ensure that just in case the item shows up stolen, the police will have an idea of who they need to arrest. 

Xtreme Pawn shop is the perfect place to go if you are interested in getting a loan or selling a valuable item. If you need any help or would like a quote over the phone you can call us at (801) 876-1727 or contact us online.


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