The original Sony Playstation was wildly popular when it first came out and for very good reason.
That was over 20 years ago (coming up on 30 if you can believe it) and is there still any interest in that system on behalf of pawn shops? Well, that’s much harder to say at this point unfortunately.
How 'Pawnable' Is This Item
What Value Does This Item Have
In terms of pawnability, the Sony Playstation only pulls in a rank of “Poor.” The system is unfortunately so old that it won’t even connect to modern televisions. In addition, there’s basically no demand for the consoles themselves.
They weren’t prone to failure in most cases, so there are still plenty around. Beyond that, nobody is really interested in playing games that old anymore either. In the end, they just aren’t something that pawn shops really look for.
In terms of value, they fair even worse pulling in a “Very poor” rating. If you do happen to be lucky enough to find a pawn shop that will still buy your Original Sony Playstation, you can be pretty sure that it won’t be for much.
These aren’t systems that are really old enough to have hit that super collector status, and furthermore, the consoles themselves are not that difficult to find. You can find them on ebay for as little as a dollar. There’s just not much room for a pawn shop to give you a whole lot of money for yours unless you have a ton of really valuable games, or the complete game collection if you were a collector.
What To Bring With You:
There are some things that you will want to be sure that you bring with you to the pawn shop should you decide to try to pawn or sell your Original Playstation to them.
- The original, undamaged power cord. A pawn shop may not be able to accept a damaged power cord as a shock hazard, so make sure that yours is in good shape.
- The original A/V cable for hooking it up to an older TV.
- A controller, preferably and original Sony model, but aftermarket may work if that’s all you have or can find.
- A game to demonstrate that the system works.
- It may not be a terrible idea to bring an older TV that you can still plug the Playstation into to demonstrate that the system does indeed still work.
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 10%
Percentage Of Times This Type Of Item Is Pawned vs Being Sold 10%
These numbers should really come as no surprise, but let’s go over them real quick anyways.
Less than 1% of pawn shops will still take in an original playstation system should it come through their doors. Less that 1% of those shops would consider it to be something valuable or desirable for them to have.
The average redemption ratio for an item like this is super low at just 10%. There’s less than 10% of households that still have an original playstation that they could make a loan on or sell, and of those that do, most tend to sell the system due to the much lower than expected value that they are given for theirs by the pawn shop when they present it.
What Are Some Advantages To Pawning This Type Of Item
- If you do manage to find a pawn shop that will take your original Playstation in, then you are getting money out of something you likely haven’t touched for the better part of 20 years and probably won’t miss it in the least.
What Are Some Drawbacks To Pawning This Type Of Item
- Expect to be offered a very low amount for your original Playstation if you present it to a pawn shop. They just don’t give much for them.
- It may be very difficult to find a pawn shop that will still accept these on loan or even as an outright buy. Remember the older rule of pawn shops: The only buy what they know they can sell.
Pawning or Selling Your Original Playstation To A Pawn Shop
I feel like we have pretty well covered this one.
Using an original Playstation for a loan or as something to sell outright to a pawn shop for extra money should be a last ditch effort. It’s not something that you should depend on as in all likelihood, the pawn shop will not accept it.
If and when you do find a shop that will still take it in, please go into this with reasonable expectations. It’s not as if they have 10 people a day asking to buy one of these. They are going to have it on their shelves for some time; it’s going to be a tough sell for them.
At most (unless you have an absurd number of games) you are looking at about $10 or less for your original Playstation game system at a pawn shop.
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.