Can you pawn the same item twice? Is there any limit to the number of times you can pawn something?
These are questions that I get all the time and to be honest, I’m not entirely sure why.
There’s no reason that a pawn shop wouldn’t accept the same item twice, or as many times as you brought it in.
If you think about it, the fact that you have left it there on a loan once and then came back to pick it up should give a pawn shop more comfort in knowing that you will make good on repaying the loan.
In addition, if you bring in something that they’ve already had in, then they know what it is.
They don’t need to go through the hassle of looking it up, authenticating it, verifying it, etc. They’ve already done all of that.
There’s really a lot of upsides to a pawn shop when someone brings in the same item on a regular basis.
But I often question where the thought that a pawn shop wouldn’t be okay with this originated from. Why do people think that a pawn shop would have a problem accepting the same item multiple times?
They Know It’s Not Stolen Already
My first thought was that maybe people thought that a pawn shop would think that whatever they were bringing in was stolen if they brought it back multiple times.
However, that couldn’t be any further from the truth, and really, doesn’t make any sense to begin with.
On the rare occasions some idiot decides to take something stolen to a pawn shop, they normally just sell it so that they can get the most money possible.
However, even if they don’t sell it and just make a loan on it instead, they never come back to get it, let alone bring it in again.
If anything, the fact that you have gotten this item out of pawn once already tells the pawn shop that there’s really nothing to worry about in regard to the true ownership of the item.
So if this was a fear that you might have, it’s unfounded.
Maybe They Think It’s A One Time Shot
A lot of people seem to think that pawn shops are a one-time-and-done affair where once whatever is done, it’s done.
Well, pawn shops depend on people bringing items in and getting them out on a fairly regular basis.
Their business model in large part is dependent on people coming in, making loans, and paying on the loans.
So for a pawn shop to see someone come back in with an item, even if it is the same item, is a good thing to them.
After all, loaning money is exactly what they do.
Maybe They Are Afraid Of Pawning Two Of One Type Of Item
Thinking about this some more, I considered that perhaps what people meant, and were concerned by, was pawning two of the same item.
For instance, two rings, two TVs, or two laptops?
But on the same token, this isn’t really a concern either assuming that the items aren’t new.
If we are talking about brand new merchandise, that would be a little suspicious. If, on the other hand, we are talking about used items that you just happen to have two of, that’s not such an abnormality.
For instance, I have two Macbook Pros. I also have two Dell Latitudes. I bought them, and should I have to make a loan on them, I would hope that a pawn shop would look at them, see they were used, and not make a big deal out of it.
I certainly don’t make an issue out of it if someone brings two of something into my store.
The Bottom Line
Whether you are talking about pawning one item twice, or pawning two of the same type of item, it doesn’t matter.
Pawn shops are in the business of making loans and collecting payments.
So when you bring your items in for a loan, they are happy to help you and won’t judge you assuming that everything is on the up-and-up and these things aren’t stolen.