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From an electronic keyboard, to Concert Grand piano, pawn shops are particularly interested in pianos you may be interested in pawning or selling. Pianos represent a big investment, and can yield a high return when you are in need of quick cash. However, it is important to go to the pawnshop prepared and understand the basics of pawning and selling.
There are a few things to understand before attempting to pawn a piano. Doing a little research beforehand will help you to avoid hauling down a heavy piano to a pawnshop and walking away with nothing.
Instruments vs. Toys: If you have a small keyboard piano that sits on your lap and has less than 88 keys, you have a toy. This is worth significantly less than a full size keyboard with a stand. Another sign of a toy versus an instrument is whether the keys are weighted. Weighted keys feel and play like a regular piano, and indicate a more valuable instrument versus non-weighted keys that are typically used on inexpensive toy pianos.
Brand: The brand of your piano makes a big difference in the resale world. A Steinway piano will yield a significant value over an off-name brand piano purchased from a big box store. The best way to find the value of your particular brand of piano is to look it up on comparable sites like eBay, or check out a local music shop and ask the sales representative what it may sell for.
Tuning: Electric keyboards do not need to be tuned, but if you are pawning an upright or grand piano, you need to have it tuned before you attempt to pawn it. This can be counterintuitive because having a piano tuned will cost a hundred dollars or more, but your piano will sell faster and for a higher price if it sounds beautiful rather than sounding old and off key.
History: A piano is a big investment for any buyer, so be prepared to answer questions about your piano. Know the size, the history, how many times it has been moved, when it was purchased, any particularly interesting facts or features. Know how everything works, and if there are any keys or pedals that stick or are broken.
Extras: If you have any extras, throw them in with the piano to increase the price. This includes a matching bench, castor cups for the floor, a collection of sheet music, metronome, headphones, and disks, anything that goes with the piano should be sold as a package.
Pawning vs. Selling
While many pawnshops are willing to purchase your piano outright, there is another option. If you are not ready to part with your grand piano, you might not have to. A piano can be used as collateral for a short-term loan from a pawnshop. This is referred to pawning rather than selling. The best way to decide whether to pawn or sell your piano is to contact the pawnshop in your area and talk to the owner. Some pawnshops may not be willing to purchase the piano because of store space, but they may take it as a collateral loan. Some shops may even be willing to allow you to keep the piano in your home while it is being used as collateral, but this is up to the shop owner. However, anytime you take a pawn loan, be sure to read the fine print and pay the loan back on time or a truck may show up to haul away your family heirloom to pay back your debt.
If you don't find what you're looking for here that doesn't mean that we don't have or accept it.
Call us to check to see if we have a certain item or if we can accept your pawn item.