When something is broken, sometimes it loses all of it’s value. But in other cases, the item can still be used for parts. Is that true with watches?
Well, that really depends on the watch and how valuable it was when it was new.
How 'Pawnable' Is This Item
What Value Does This Item Have
It will come as no surprise that the pawn ability and value meter on a broken watch are doing to be in the “Very Poor” range. After all, if the watch is broken, there probably isn’t much use for it in many cases.
What To Bring With You:
Just like a properly working watch, there are going to be some thing that you will probably want to bring with you.
- Any original box, insert, documentation, and paperwork you may have for the watch. This is even more true for the high end watches, like Rolexes or Tag Heuer for instance.
- Any links that you may have had removed from the bracelet when you originally bought the watch.
- If you have any extra bands or bracelets for the watch, you should bring those in as well.
Percentage Of Pawn Shops That Accept This Item 1%
Percentage Of Pawn Shops That Consider This Item Desirable 1%
Average Redemption Rate For This Type Of Item 10%
Percentage of Households That Have This Type Of Item 30%
Percentage Of Times This Type Of Item Is Pawned vs Being Sold 10%
There’s just no question that very few pawn shop will even consider or take in this kind of item. When a watch is broken, it can be very costly to repair, so equally, pawnshops really have very little desire to work with them.
When this watch is broken it, almost nobody pawns them, rather just selling a broken watch outright and therefore, the rating for redemption is very low as well.
About 30% of households have a broken watch around the house somewhere.
What Are Some Advantages To Pawning This Type Of Item
- You will likely never miss a broken watch if you pawn or sell it at a pawn shop.
What Are Some Drawbacks To Pawning This Type Of Item
- You just won’t be able to get very much for a broken watch a at pawn shop.
Pawning or Selling a Broken Watch At A Pawn Shop
If you are looking to pawn or sell your broken watch at a pawn shop, then we are going to have to face a hard truth. If it was a less expensive model when it was brand new, the chances are that most pawn shops just won’t have much interest in it.
When a watch doesn’t cost a whole lot, it’s second hand resale value will already be low. It just doesn’t make much sense for a pawn shop to buy your inexpensive broken watch, pay to have it repaired, and then try to resell it and still make any kind of profit out of the deal.
That having been said, if you watch was more expensive when new – something like a Rolex – then you may be in luck. When a watch is a higher end model, they tend to hold their value better.
In these cases, it can make much more sense for a pawn shop to offer to buy your watch, get it repaired and then turn around and try to resell it.
But with that in mind, you’re still not going to get very much for your watch. You’re probably only looking at a few hundred dollars at most for you watch as more expensive watches can equally cost much more to repair.
The one exception to this is if your watch uses a battery and just won’t run because of that.
In those limited cases, a pawn shop may still take it in depending on the watches initial value.
Wordpress junkie, music lover, and consumer of all things pizza-oriented. I’ve run pawn shops and check cashing operations for years. I developed the most successful digital marketing marketing strategy for pawn shops known to date, and flip items on eBay for fun.