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A red gift with a red bow.

Pawn Shops: A Great Place To Find Xmas Gifts This Year!

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Whether you celebrate Christmas, Hanukkah, Kwanza or Festivus, your local pawn shop has you covered, at least for some of your shopping. Trustworthy businesses such as Fullerton Pawners in Chicago are already known for fascinating finds when it comes to jewelry and antiques, as well as great deals on electronics.

Get inspired by some of the more unique holiday finds at pawn shops.

Do pawn shops sell high-end, high-quality goods?

Too many people waste money on the latest gadget or ugly holiday sweater – not to mention delivery fees – unaware a one-stop-shop for high-end gifts and stocking stuffers is right around the corner. Misinformation and stigma may be to blame, so we offer a more realistic breakdown of what’s available and why you should check it out.

Are there better deals than regular stores at pawn shops?

People may wonder if holiday prices at pawn shops are actually better. The truth is that discounts at retail stores – a.k.a. “fictitious pricing,” whether or not around the holidays – can be misleading at best, since the prices are often inflated before being lowered.

Pawn shops can more readily offer lower prices on items because many are pre-owned, but it depends on the item and shop. You might find a great deal on electronics, jewelry, or tools, but it’s always best to compare prices and contact Fullerton Pawners to be sure.

Is there a wide variety of gift options under one roof?

Hard-to-find video games, jewelry, collectibles, musical instruments, designer items, and quirky vintage gifts are our bread and butter. Pawn shops usually carry a wide range of items.

And because people bring in new goods every day, you never know what you’ll find one week to the next. As stock varies, check with Fullerton Pawners about our inventory regularly as the holidays approach.

Is everything secondhand or used at pawn shops?

Shoppers often ask whether we carry new items or mostly pre-owned goods. Most items are pre-owned, but we do sometimes have new merchandise, as well – especially electronics or sealed items. If you can’t tell by looking at it, just ask which items are new versus used when you come to peruse.

How do pawn shops price holiday items?

Are you wondering whether prices change for the holidays, if haggling is possible, or if seasonal discounts exist? As a general rule, prices are set based on a combination of market value and physical condition, but shops can also offer seasonal discounts or be open to negotiation. Contact stores directly to ask about current holiday deals.

Is it okay to give goods from a pawn shop as Christmas gifts?

It’s ok, we’re not offended. The truth is, some people worry about stigma or how friends or family might perceive a pawn shop gift.

Yes, In fact, gifts from pawn shops are socially acceptable, especially if they are high-quality items. Discerning shoppers will look to pawn shops in particular for unique or hard-to-find gifts, knowing that they can take control of the presentation.

The way folks these days tend to purchase gift boxes and bags separately – or reuse wrapping paper – the recipient won’t have to know where it came from if that’s your concern.

Will I find unusual or one-of-a-kind items?

It goes without saying that pawn shops are known for unique gifts you wouldn’t find anywhere else. Think: rare collectibles, vintage tech, luxury watches. Plus, inventory changes frequently, so checking back in with us helps ensure you find something special.

How do pawn shops price their holiday items?

It’s natural to be concerned about price hikes during the holiday season. Prices are typically set based on market value and condition, but there may also be seasonal discounts on some items. Also, there is more room for negotiation than at any big box store.

Find out how pawn shops help offset inflation.

Find the Best Holiday Gifts at Fullerton Pawners This Year

This year, don’t stress out over shipping delays. Instead, stop by and have fun checking out our one-of-a-kind goods along with services like loans and repairs.

Need some great gift ideas? Call 773-637-9999 and ask about our holiday deals, find us on Facebook, or reach out online today.

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A Rolex watch.

What Watches Have the Highest Resale Value?

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Watches that retain the highest resale value tend to share certain characteristics. When you’ve got brand prestige combined with an iconic model that is also hard to come by, it might get you top dollars. But there are also many caveats to this equation. If you’re thinking of selling or pawning a watch, your local pawn shop can tell you just how much it’s worth.

Pawn shops want them because there will always be customer demand for certain kinds of watches. Even if you get 50% of the original selling price for something that cost a few grand or more, that’s still a lot of dough in your pocket.

Below is a breakdown of which watches tend to do best, why, and what factors most affect their resale value.

Why Are Some Watches Worth More?

Some watch brands get a kind of forever reputation for being “worth” a lot. A model can have more cachet because it was originally worn in space, or by deep sea divers or racecar drivers. But the truth is that resale values can fluctuate. The amount you can get at a place like Fullerton Pawners in Chicago might depend on the state it’s in, if any parts have been repaired, if it comes with its original papers and container, and what customers have been demanding.

That said, watches are likely to retain a bigger fraction of their value, and sometimes may even appreciate, based on certain traits.

5 Watch Types That Have the Highest Resale Value

If your watch falls into one of these categories, then you might be able to get a lot of money for it at a pawn shop.

1. Steel Sports Watches

There’s always a taste for watches that are universally versatile and wearable – not just superficially attractive. For example, high-end sports watches like the Rolesor Rolex Submariner are desired for their usability as well as their name. They’re durable, long-lasting, and collectible. Better yet if yours is limited edition.

2. Iconic Heritage Models

Certain brands hold a long-standing historical significance. A watch is often considered especially iconic when associated with prestige activities, like the Rolex GMT‑Master originally worn by airplane pilots, or the porthole-shaped Patek Philippe Nautilus, which you might see on a yacht.

If your watch is one of those recognizable designs that loyal collectors want, you may be able to cash in on that loyalty.

3. Limited Editions & Discontinued Models

There is a truism in the pawning world: scarcity increases desirability. Collectors want those harder-to-find premium or limited edition watches for the simple reason that they are no longer available. If your luxury watch has been discontinued, you can expect to get more cash for it than you otherwise would have.

4. Watches with In-House Movements & Craftsmanship

Some watches demonstrate superior craftsmanship and artistry. A timepiece whose components were designed, developed, and manufactured entirely in-house are considered technically superior, and therefore more prestigious. It’s why watch connoisseurs and purists respect the long-term reliability and service of products like the battery-free Grand Seiko Spring Drive and luxury, in addition to handcrafted Swiss watches like the Jaeger-LeCoultre Master series.

5. Watches in Excellent Condition with a Complete or Full Set

One last sign your watch might hold more value: it’s not missing anything that originally came with it. Being able to present the original box, papers, and warranty cards means enthusiasts can trust its authenticity (and potentially view it as an investment). That automatically makes it easier for shops like Fullerton Pawners to resell and fetch premium pricing.

Bonus points if there’s minimal wear and each individual part appears untouched.

Call Fullerton Pawners About the Resale Value of Your Watch

Pawn shops aren’t just a safe place to sell jewelry and gold items, but they are also reliable local businesses for pawning high-end watches when you need the money.

Reach out to Fullerton Pawners online or call 773-637-9999 with any questions. Stop by our location at 5920 W. Fullerton if you want us to appraise your watch for you.

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A display of various rings, and a person's hand reaching out to a ring.

Are Pawn Shops a Safe Place to Sell Your Jewelry?

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When deciding to sell a luxury watch or gold chain, it can be tempting to just sell it to whoever responds first. Convenience is a strong motivator.

But safety should be, too, which is why a reputable pawn shop is the ideal solution for selling jewelry. Considering that the value of gold has gone up, it’s a good time to learn about safety standards at pawn shops so you know where to bring your items containing gold.

Five Ways to Know the Pawn Shop Near You Is “Safe”

When it comes to dealing with pawn shops, safety should be just as important a factor as the price you’re offered. And ones like Fullerton Pawners on Chicago’s north side. Here’s why safety matters, and how to spot a “safe” pawn shop to sell or pawn that piece of jewelry:

1 – Safety Translates to Fair Pricing

When it comes to your finances, safe means the pricing is fair. Let’s face it: for most of us civilians, it’s truly hard to know the correct value of an item we’ve owned for years – something that might have been passed down from an older relative or gifted by someone else.

A reputable shop should be able to explain how they determined their fair market offer for your jewelry. If you feel lowballed or pressured, take your jewelry and move on.

2 – This is an Objectively Legitimate Place of Business

Having the proper licensing is a pretty good sign the shop is safe for doing business. It should be pretty easy to determine they follow regulations and document their transactions (and you can always ask). One reason industry regulation exists is to protect you in case something goes wrong.

3 – Your Items Will Be Secure There

Ask how your item will be stored and insured. You want to feel confident the necklace or bracelet can’t be damaged or misplaced.

4 – You and Your Belongings Are Legally Protected

Don’t trust a pawn shop that doesn’t require any ID or proper paperwork for the transaction. Fullerton does because it keeps both the shop and the customer within the law. The last thing anyone wants is to become involved in illegal activity without realizing it.

If a business seems short on information, the process isn’t documented, or legal procedures aren’t followed, that could spell out problems for you, particularly if you’re hoping to get your jewelry back after repaying a loan.

5 – Customers and Neighbors Give It the Thumbs Up

What do you know about its reputation? If you’ve read the reviews or spoken to neighbors with experience with a given pawn shop, pay attention to whether they are known for treating customers fairly and consistently.

Unsafe shops often have a trail of bad reviews, customer complaints, or even scams. It’s gotten harder to get away with that kind of behavior, but that doesn’t stop customers as well as businesses from trying.

Find out more about scammers and how good pawn shops avoid fraud.

It Is Safe to Sell Jewelry at Fullerton Pawners in Chicago

Are you looking for a safe place to sell your jewelry? Head to Fullerton Pawners, located at 5920 West Fullerton Ave. in Chicago.

Call 773-637-9999 with any questions about how we price jewelry and keep it safe.

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A pile of gold bars.

Why Has the Value of Gold Gone Up So Much Recently?

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Summer 2025 has been a great time to sell your gold belongings or use them to take out a small loan. Gold is always a bestseller at pawn shops like Fullerton Pawners in Chicago. It’s especially valuable to you, the seller, as well as to whoever buys it from you, when its market value rises like it’s been doing in recent weeks and months.

Pro Tip: Before coming in, review here the steps you will take when presenting your gold belonging to our shop.

How Much Is Gold Worth Now?

As of July 23, the price of gold was peaking at $3,444.30 per ounce, according to a Yahoo Finance report. That’s even higher than the previous peak in June, which was $3,444. Sellers must track the markets daily and even hourly to keep up with fluctuations, but these types of trends are generally an indicator it’s a good time to buy or sell precious metals like gold.

Economic Factors Causing the Rise in the Value of Gold

Our previous blog on gold purchases focused on what makes gold so universally beloved, and those qualities tend to be pretty consistent no matter what you see in the news. But sometimes additional economic and political factors give everyone’s favorite gilded metal a whole new boost in value.

1. Where Is Gold Traded?

Gold is traded on several markets globally, including in the U.S futures market (COMEX), London (the OTC), and on the Shanghai Gold Exchange (SGE). It’s a complex world, and valuations can change day to day.

Recently, we’ve seen a few things happening that may be contributing factors to the rise in gold:

2. Decreased International Trade

Despite a generally strong stock market, there are signs that trade between the U.S. and other countries has slowed in some areas. Some of this slowdown is due to tariffs put in place by the current administration on imports ranging from copper and lumber to semiconductors and car parts.

Tariffs aren’t new, but news and threats of new ones aren’t usually so unpredictable or volatile. This chart shines a light on the many actions taken on tariffs since January, including increases and pauses on tariffs with the same countries.

3. Less Investment Due to Economic Uncertainty

Threats of tariffs with countries have been on and off the table for months. The uncertainty this causes can keep companies from making internal decisions that might lead to growth, making investments seem less secure. When major industries are unpredictable, gold looks better in comparison.

4. Political Instability Around the World

It’s not just lingering economic questions that have people wondering where to put their money. Ongoing geopolitical situations like instability in the Middle East can also make investors skittish.

5. Central Banks Are Growing Their Gold Reserves

As industries that are normally dependable wane, numerous countries are reportedly buying gold supplies from their own mines. This makes it easier for them to offset potential losses in local industries. As the price of gold rises, they don’t need to rely on international players to obtain it.

This type of action on the part of central banks isn’t abnormal, but its increase in various countries of late points to broader positive attitudes toward gold markets.

Where Should You Pawn Your Gold Jewelry in Chicago?

No matter what’s going on in the world, you want to pawn gold items like jewelry and watches at a local shop that is well-known and trusted in the neighborhood. That way, you avoid shady practices and can develop a relationship with the business.

When it comes time to sell something else or buy a new laptop, you’ll know just the straight-shooter to talk to at Fullerton, which has built a solid reputation with Chicago customers over decades.

Bring Gold Items to Fullerton Pawners to Sell or Get a Loan

Reach out to the team at Fullerton Pawners online about your gold item, or give us a call at 773-637-9999. We want you to be fully informed about our services so you get the most out of any transactions you make.

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A round silver Rolex analog watch.

Top Watches This Chicago Pawn Shop Wants to Buy From You

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People have craved luxury watches ever since men in top hats had silver pocket watches dangling from their trousers. Pawn shops are no different, only we’ve expanded to allow the wide spectrum of what’s now on the market. We pay in cash so we can resell them, but we’ll also hold them as reliable loan collateral when you need to cover an urgent expense.

Why Are Some Popular Watches More Valuable?

Today’s luxury watches are high-end timepieces made with premium materials and superior craftsmanship. They are generally known for their precision and often feature advanced mechanical movements or other complex features. Their popular designs and brand prestige can also boost the amount of money people will pay for them. Despite the cool apps, your Apple watch probably won’t fetch the same amount.

So yes, they serve as status symbols and are also a good financial investment, which is why your local pawn shop will be particularly interested in yours.

Best Watches to Pawn in Chicago

Currently, our shop has its eye on a pretty wide range of luxury brand watches. Need quick cash? These high-end goods are some of the most appealing items that will come through our door.

Here’s our list of the top brands we look for at Fullerton Pawners on Chicago’s north side.

1. Rolex

Need quick cash to cover an urgent car repair? The Rolex is still synonymous with luxury and status. They’re one of the older brands, known for their robust, timeless designs like the Submariner and Daytona, as well as their exceptional craftsmanship.

2. Omega

Omega watches combine heritage with cutting-edge technology (see: James Bond’s titanium Seamaster Diver). If you’re in need of a short-term loan, bring yours in! Especially if it’s one of the more iconic models like the Speedmaster and Seamaster.

3. Cartier

If you’re temporarily struggling between paychecks, that Cartier watch that was a gift from an older relative could be the answer. It should be easy to pawn thanks to its beauty and luxury appeal.

4. Breitling

Another popular choice thanks to its aviation-inspired Swiss watch. You don’t need to be a pilot to love their technical precision and bold, functional designs.

5. TAG Heuer

The TAG Heuer is a little less known, but our customers appreciate the sporty designs and motorsport heritage, particularly the Carrera and Monaco lines.

6. Seiko

Seiko’s didn’t just make automatic watches accessible worldwide. Their high-end ones like the Grand Seiko could help you fund your next investment opportunity.

7. Patek Philippe

Patek Philippe is at the top when it comes to complex, quality watchmaking. That hand-finishing coupled with the brand’s heritage – especially pieces like the Nautilus and Calatrava – can get you a decent amount at our shop.

8. Audemars Piguet

Are you in possession of this luxury sports watch? Our client base loves the avant-garde aesthetics and high “horology” (that’s fancy talk for excellent timekeeping).

9. Vintage Watches

Bring in your vintage watch, too – bejeweled or not. If there’s a unique history or amazing patina and design, we want to check it out, and so do the collectors that come in here.

10. Panerai

Your handmade Panerai is beloved by more than Navy SEALs. Our style-conscious collectors are definitely into them.

Just be sure yours is legit. Read about lessons from pawn shop scammers.

Can You Sell Your Watch for Cash?

Like jewelry, watches have a timeless appeal. While what’s valuable is always evolving, the brands above (and others) have stood the test of time. As long as there is demand for it, then you can probably sell it for cash or leverage it in a pinch.

Get Your Watch Appraised at Fullerton Pawners in Chicago

If you’re interested in pawning a high-end watch, bring it in to Fullerton Pawners! Remember, we will examine it and want to verify that it is authentic.

Send us your questions online or call us at 773-637-9999 today!

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Wooden blocks that spell 'scam alert.'

Lessons to Learn from Pawn Shop Scammers

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Some people will try anything to save a few bucks, including trying to scam their local pawn shop. We blogged recently about the risks associated with pawning a stolen item, like inadvertently becoming involved in an active crime case. But that was about people who don’t know the origin of a product.

Consumer Fraud Is On the Rise

Scammers, on the other hand, know exactly what they’re doing. So do the pawners, which is why it is not generally a good idea to be known as an unscrupulous player in one’s local business community.

The fact is, consumer fraud is on the rise. Americans lost some $12.5 billion to fraud in 2024, according to the FTC – much of it online. But some of that trend spills out onto the counters of small neighborhood businesses, too. There are few approaches scam artists will try, and lessons can be taken from those errors, for legit customers as well as the brokers.

Pawn Shops Question Sketchy Stories

Can you imagine packaging a different product as something more valuable – passing off an older laptop as a newer one, for example? How about switching tags on an article of clothing so it appears more expensive? These methods have been tried, believe it or not, many times.

Even if the item is sealed in packaging, store workers will open the box to make sure the contents are what they purport to be. The sketchy stories some people tell aren’t fooling anyone.

How Experts Spot Counterfeit Goods

While a tourist might unwittingly buy a fake Gucci bag in Times Square, pawn brokers are more savvy when it comes to spotting counterfeit goods. You don’t have to use luxury goods to be able to detect a fake one. Some details pawn shops will look for in a supposedly valuable designer bag:

  • Stitching on the label
  • Authenticity of the logo
  • Metal features like cheap zippers and clasps
  • Quality of stitching and embossing
  • Feel and appearance of the fabric

Digital Information Will Be Verified

Millions of people receive gift cards each year on birthdays and holidays, and many of those cards get tossed even though there is money still on them. Fraudsters have figured out how to tamper with gift cards to obtain the money digitally, while the card appears to be unused.

Some pawn shops accept gift cards with cash on them, paying out a percentage of the total amount. However, they will first verify that these cards are still valid, so it’s not worth bringing one in unless you know it’s legit.

You May Be on Video

In the past, fraudsters operated under the radar more easily. Perhaps more would be deterred if they knew their face was visible on camera. It is common for pawn shops to install security cameras for a variety of reasons, such as helping identify anyone breaking the law.

Once scam artists realize they are being watched, they may be less likely to continue.

Check Your Goods Thoroughly

One thing regular consumers can do is be as thorough about verifying the value and authenticity of their goods as the stores are. Finding out where an item came from, even calling a company to check a serial number or ask for a receipt, you will be more informed about the product you hope to pawn.

Doing so gives you more bargaining power when you enter into a conversation at a pawn shop. It may also save you the trip if the item isn’t worth what you thought it was.

Fullerton Pawners Are Interested in Electronics, Precious Metals & More

Fullerton Pawners has been operating on Chicago’s north side for decades, and we have seen (and heard) it all. We are open to accepting a very wide range of goods, and are happy to help you assess the value when you come in.

Check out our services online, or call Fullerton Pawners at 773-637-9999 so we can answer your questions.

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A man and a woman facing each other. The man holds a ring in his hand.

Which Engagement Ring is Right for You?

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When choosing an engagement ring, it’s essential to understand the different styles and materials available on the market today. Whether you’re planning a surprise proposal, ring shopping together, or something in between, there’s a lot to consider before making your significant purchase. At Fullerton Pawners, we know how important this moment is for you and your partner. That’s why our friendly and experienced staff is here to help guide you through your budgetary needs, stone shape, size, setting, and quality preferences, and help you find a ring that fits your shared story.

The 4Cs: The Building Blocks of a Diamond

When shopping for a diamond, you’ll often hear people discuss the 4Cs: cut, color, clarity, and carat. These characteristics determine a diamond’s quality, value, and overall appearance. Understanding each of these four determinants will help you make an informed decision. Let’s dive into each one of them:

  • Cut: This differs from shape, referring to how well the diamond can reflect light. A well-cut diamond sparkles and refracts light more, regardless of size.
  • Color: Diamonds have a grading system. From D (colorless) to Z (light yellow or brown), the less color the stone has, the more valuable it is. Many buyers find nearly colorless diamonds beautiful enough and even more affordable than D diamonds.
  • Clarity: This measures the presence of the stone’s natural imperfections. Most are invisible and microscopic to the naked eye, so you can often save by choosing a lower clarity grade that looks flawless.
  • Carat: Carat is the weight of the diamond. The larger the stone, the bigger the price tag, but choosing the proper cut can make a smaller diamond appear bigger.

Understanding how these features affect the cost and overall look of your diamond can help you prioritize what matters most to you and your partner.

Finding the Right Diamond Shape

The shape of a diamond is one of the principal things you’ll notice. Each shape has its unique personality and look:

  • Princess: Square-cut with sharp angles that give off a modern and bold look
  • Round: Brilliant, timeless, and classic shape
  • Cushion: A Vintage, soft appeal with a romantic feel
  • Oval: Elongates the finger and delivers an elegant twist on tradition
  • Emerald: Clean and sophisticated lines, timeless

If you still need help finding the proper shape, one of our reps at Fullerton Pawners can walk you through the different styles in person so you can see firsthand what fits best.

Perfection Doesn’t Have to Break the Bank

Engagement rings tend to be an expensive purchase. But at Fullerton Pawners, we offer a wide range of quality diamonds and rings to fit any budget. Whether you’re looking to maximize sparkle under a specific price point, our team can assist you in making the smartest choice. Additionally, we encourage smart diamond shopping by educating our customers every step of the way. If you’re doing preliminary research or actively looking for the perfect stone, let us help you go through all your options correctly. Learn more about our wholesale Jewelry sale.

Why Shop with Fullerton Pawners?

You’re not just buying a ring when you come into our store. You’re getting a unique experience with one of our experts who will help you find the right ring for you. We aim to ensure you walk away with a special piece that fits your style, budget, and lifestyle. You’ll have the chance to:

  • Try on different shapes and styles
  • Compare diamonds side by side
  • Ask any questions in a no-pressure environment
  • Learn what to look for in the future

Let’s Get Started With Your Dream Diamond

Whether you’re casually browsing different options or ready to pull the trigger on your dream diamond, we’re here to make that journey as easy as possible. Contact us today at 773-637-9999 to schedule an appointment or walk in and meet one of our friendly team members to get you started on finding the right diamond for you.

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A person holding a pair of earrings in their hand.

What Happens if You Try to Pawn a Stolen Item?

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In a recent episode of “Your Friends and Neighbors” on Apple TV, a hedge fund manager tries to pawn a stolen Nautilus watch for 200 grand. The suspicious shop owner tracks him down in his swank neighborhood. When the down-on-his-luck Jon Hamm character finds her sitting in his kitchen, the message is clear to anyone watching: do not mess with shrewd pawnbrokers who don’t like liars.

Ok. In real life, most people are not (spoiler) breaking into their neighbor’s home and stumbling upon multimillion dollar watch collections. It’s more likely you have a hunch something is stolen or not legit because you acquired it through unconventional means. Either way, it is wise to reconsider pawning anything hot, as the hedge fund dude is finding out.

What happens if you try to pawn something that may have been stolen?

Do You Have the Item’s Serial Number?

Any time you are concerned about the history of an item, it helps a great deal to have some way of identifying and verifying its authenticity. Serial numbers on a range of items found at pawn shops can be used to track their origin and prevent fraud. For example:

  • Televisions
  • Computers
  • Firearms
  • Some jewelry
  • Gaming systems
  • Other electronics

Most pawnbrokers have systems for tracking the serial numbers of items they purchase. A diamond ring may have the serial number engraved or etched onto it. Additionally, some stores use web-based pawn collection and tracking software to make the whole process easier.

Some Pawn Shops Work with Police

Cops may choose to investigate a stolen item that could have ended up in a shop. If you suspect an item was the result of criminal activity, pawning it at an established business may not be a good idea, unless you want a knock on your door from someone investigating the theft. Your local pawn shop may be cooperating with the police to track it down.

Pawn Shops Keep Identifying Records of Goods – and Sellers

In the “Friends and Neighbors” scene, the first thing the shop requests is the box and papers that go with the watch. There are a few reasons these two items matter. Like a car’s title, they suggest:

  • The seller is the actual owner.
  • The watch is authentic.
  • It has been cared for well.
  • There may be an active warranty.
  • It may include defining features such as where and when it was made.

Pawn shops often record the contact details and names of people who sell them things, including those who leverage goods as loan collateral. Couple that with the serial numbers and it makes sense that law enforcement may contact them from time to time about a stolen item.

Local Laws Vary: Illinois Deters Selling Stolen Items

In Illinois, the Pawnbroker Regulation Act of 2023 states that pawnbrokers may not “knowingly or recklessly” buy or take as collateral something from anyone appearing to be intoxicated. This also goes for people who have been convicted of theft. Additionally, some counties have their own ordinances, for instance, requiring pawn shops to send in logs of transactions on electronics to assist law enforcement.

What Happens Next Depends on the Case

What happens in a given case will depend on a variety of factors: local rules, whether it was reported stolen or there is probable cause, whether police have the resources to investigate, how cooperative the store is. If the item has been sold or the case goes to trial, that means yet another hoop for the victim to jump through. In the end, there is a chance the case could lead back to whoever sold the item, however innocently.

A good pawner will tell someone who comes in with a hot smartphone to hit the bricks. A bad one might take it for a few pennies on the dollar and may even fake the paperwork to accompany it. Talk to your local pawn shop enough, and you can tell which category they’re in.

Chicagoans Trust Fullerton Pawners to Sell Legit Goods

All of this is why it’s beneficial to sellers, customers, and loanees to work with reputable shops like Fullerton Pawners. We do things by the book so you don’t need to worry about the origin of anything you are buying. As a result, we are transparent about our process and are more than happy to answer any questions about our goods.

Come in and take a look at our goods and services, check us out online, or call Fullerton Pawners any time at 773-637-9999.

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A person examining gems.

What You Should Know Before Buying Lab-Grown Diamonds

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With the rise of lab-grown diamonds, more and more people are interested in exploring this alternative to traditional mined diamonds. A lab-grown diamond is a real diamond that has been created in a controlled environment rather than extracted from the natural earth. They both have the same chemical and physical properties as the mined diamonds, but they offer buyers an ex-friendly, modern option without sacrificing quality. However, there are advantages and disadvantages of both to consider before you make your final decision.

At Fullerton Pawners, we’re dedicated to delivering the finest selection of both natural and lab-grown diamonds while also ensuring you’re fully informed about all the options. Whether you’re searching for an anniversary gift, engagement ring, or something special just for you, our team of expert gemologists is ready to help you make the best choice for your needs.

Pros of Lab-Grown Diamonds

  1. Ethical Sourcing: Traditional diamond mining has often been linked to unethical practices, including conflict diamonds and poor working conditions. Due to their lab-setting production, lab-grown diamonds have been able to eliminate these common concerns, ensuring an ethically sourced conflict-free stone.
  2. Cost-Effective: One of the most significant benefits of lab-grown diamonds is the economical options available to customers. On average, lab-grown diamonds cost 40% less than natural diamonds of the same properties. For those looking to maximize value, lab-grown diamonds might be the right choice for you.
  3. Environmentally Friendly: Lab-grown diamonds are often considered more eco-friendly than natural stones since they avoid the environmentally hard traditional mining causes. Mining leads to habitat pollution and destruction, while lab-grown diamonds are created with less environmental impact. If sustainability is a top priority for you, lab-grown is the better fit for you.
  4. Same Physical Properties as Natural Stones: Lab-grown diamonds are virtually indistinguishable from their mined counterparts. Their clarity, brilliance, and chemical composition are the same, and even some professional gemologists often require specialized equipment to see the differences.

Cons of Lab-Grown Diamonds

  1. Lower Resale Value: If you’re searching for a diamond and want to invest wisely, a natural diamond may be a better option that will hold its value over time.
  2. Perceived Prestige: Yes, lab-grown diamonds are real diamonds, but some buyers may perceive natural diamonds as more prestigious. If sentimental or historical value is important to you, a mined diamond will carry more significance and meaning for you.
  3. Energy Usage: Although lab-grown diamonds are viewed as environmentally friendly, the process of creating them can take a lot of energy to produce. Depending on the energy source, lab-grown diamonds may not always be as green as they look.
  4. Limited Access to Unique Stones: Lab-grown diamonds are very consistent in quality, but for those looking for unique stones, such as antique or rare diamonds, lab-grown options may not be able to offer that one-of-a-kind appeal you’re looking for.

Helping to Choose the Perfect Diamond

Whether you’re swaying toward a natural diamond or lab-grown alternative, Fullerton Pawners is here to guide you with the knowledge needed to make the best decision for you. We offer a large selection of both natural and lab-grown diamonds, allowing you to choose the perfect stone that fits your exact needs, taste, values, and budget. Our team of experienced gemologists is always available to answer any questions, help you understand the benefits of each option, and simplify the diamond purchasing process.

Still unsure of what path to take? Visit our store, and one of our team members will be happy to help you out in person. You’ll be able to explore our collection and go through our options with one of our knowledgeable experts. For additional information, give us a call at (773) 637-9999 – we’re more than happy to get you started on the right diamond choice for you!

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A person holding various loose diamonds.

The Truth About Lab-Grown Diamonds: What Retailers Don’t Tell You

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When you begin shopping for a diamond, it’s possible you come across the option of purchasing a lab-grown diamond. At first glance, these stones look like the real deal. They sparkle just as brightly and are often times offered at a lower price point than their natural counterpoints. However, the largest issue with lab-grown diamonds is that many retailers sell them to customers as if they have the same properties as natural diamonds without fully highlighting the important differences.

So, how do you begin to understand if you’re getting what you’re paying for? Let’s explore the world of diamonds, both natural and lab-grown, and inform you so you can make the best decision for your needs and budget.

What Is A Lab-Grown Diamond?

As the name suggests, lab-grown diamonds are created in a laboratory using high-tech processes that mimic the conditions under which natural diamonds are created. They are made with carbon and have the same physical properties as natural diamonds. Under the untrained eye, and even at times under a microscope, it’s nearly impossible to tell the difference from natural stones. In fact, some lab-grown diamonds have passed a diamond tester, which checks for a stone’s thermal conductivity. While lab-grown diamonds may look exactly the same as natural diamonds, there are important differences, especially when it comes to value, long-term significance, and origin.

The Value Difference Between Natural & Lab-Grown

One of the main differences between natural and lab-grown diamonds is the value retention. Natural diamonds are formed over millions of years deep under the Earth, making them a rarity which gives them lasting value. As time passes, natural diamonds generally keep or increase their value, especially higher-quality stones with unique characteristics.

On the other hand, lab-grown diamonds are not of the same rarity. They are produced at a much faster rate under controlled conditions, making them more abundant on the market. Because of these factors, lab-grown diamonds often lose their value over time and fetch a much lower price in the resale market compared to their natural counterparts. If you’re purchasing a diamond as an investment to become a family heirloom, a natural diamond might be the better avenue to take in the long run.

The Misleading Reality of Lab-Grown Diamonds

Unfortunately, not all retailers are honest about the differences between lab-grown and natural diamonds. Many may market lab-grown stones as “real diamonds” without making the clear distinction that they are, in fact, lab-created. This leads to confusion for buyers who think they are purchasing a natural stone and are left with the reality that their diamond was grown in a lab.

Avoid getting fooled by working with a reputable jeweler who is transparent about their inventory. A trustworthy retailer will explain clearly the differences between the natural and lab-grown diamonds they offer, helping you choose which option is best for your budget, needs, and long-term goals with the stone.

Which Diamond Should You Choose?

The choice between natural and lab-grown diamonds depends on your personal priorities and preferences as a buyer. If you’re in the market for a more affordable option and are less concerned with the resale value, a lab-grown diamond might be the fit for you. Additionally, lab-grown diamonds have a lower environmental impact, which is an important factor for many eco-conscious shoppers.

On the other side of the spectrum, if you’re looking for a stone with rarity and lasting value, a natural diamond is the way to go. Natural diamonds have a unique history of their creation and hold financial and sentimental significance that stand the test of time.

Chat With A Fullerton Jeweler Today

When shopping for the right diamond for you, it’s crucial to work with a trusted jeweler. A reputable jeweler is there for you to guide you through the pros and cons of both natural and lab-grown diamonds, helping you make a choice that aligns best with your goals and values.

Ready to explore your options? Call 773-637-9999 to set up an appointment with one of our trusted Fullerton jewelers today. Let us assist you in choosing the perfect diamond for your special occasion.

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A person examining a ring.

Silver vs Platinum: Metals Other Than Gold You Can Pawn

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Gold isn’t the only precious metal in demand at pawn shops throughout Chicago. If you have decorative cutlery made of silver at home or an eye-catching piece of platinum jewelry, you might be able to cash those items in fairly easily. Or you could use them as leverage next time you need a loan.

Why Pawn Shops Want Your Silver

People’s love of all things silver has a long history, making it a natural precious metal to exchange for cash (or hold onto, as the case may be). Like gold, it isn’t just beautiful but also has a solid reputation in monetary markets, which is part of its allure for pawners.

This underappreciated precious metal is used in so many ways that it might be lurking in your home somewhere without your knowledge. It’s a popular feature of lots of things other than jewelry. It can be found on the toes of boots and in electronics, batteries, car parts, and decorative knick-knacks. It’s also been used to make pretty much every type of utensil found in kitchens and dining rooms everywhere.

Precious Metal Value Depends on Beauty, Weight & Other Factors

Silver has a timeless beauty that sells, which is why so many people adorn themselves with it in all of its forms. But just like other precious metals, your metal item’s dollar value could be based on a few different factors:

  1. Purity. What variety of silver is the item you want to sell? For example, sterling silver is made up of 92.5 percent silver, making it one of the more valuable, in-demand types of silver there is.
  2. Weight. The amount of silver in an item is also determined by its weight, thus bringing people more dollars for heavier items.
  3. Market demand. How much the shop believes it can make on a given day is yet another consideration.
  4. Its uniqueness. A one-of-a-kind necklace might be easier to sell than something more generic.
  5. Other variables. Social, political and economic factors can all impact consumers’ willingness to buy a given item, impacting how much money you may get for it.

Platinum Jewelry Is More Rare – Also More Valuable Than Silver

It’s less likely that you have a jewelry box full of platinum goods – but pawn shops are still interested in this highly valuable precious metal. Because it is less malleable than metals like silver and gold, craft jewelers don’t tend to use it as much. So while it’s more of a niche market compared to silver, its rarity adds to its appeal.

But again, what a given pawn shop might give you for your platinum piece of jewelry – or how much it will provide in collateral – depends both on its value and how much the broker wants it.

Research the Value of Your Platinum or Silver Item

Prospective sellers are always encouraged to do their own research before attempting to sell an item. Pawn shops are usually willing to take a look at potentially valuable products that come through their doors. One stop on your research journey should be Fullerton Pawners in Chicago. We have a history of building relationships with our neighbors, who buy and sell all kinds of precious metal goods at our North Side store.

Bring Your Precious Metals to Fullerton Pawners in Chicago

At Fullerton Pawners, our team is always interested in checking out unique precious metal items, particularly if our customers are interested in selling them. But we provide many other services, too, like assisting with broken clasps and helping to restart antique watches.

What else we do:

  • Specialize in antique assessments
  • Repair your jewelry
  • Fix old watches
  • Bring computers back to life
  • Offer free appraisals
  • Give you our honest, unvarnished opinions

Check out Fullerton Pawners online to find out more – or call us at 773-637-9999 with any questions you have about precious metals!

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A pair of gold rings.

Why Is Gold So Popular at Pawn Shops?

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Despite its occasional swing in value either direction, the stability of gold makes it one of the most popular commodities discovered at, and sold to, pawn shops everywhere. It is fairly abundant in various forms around the globe, which means there’s a significant chance you may even have a bit of it in your home in one form or another.

For those wondering what makes this particular precious metal as popular as it is, there is more than one answer.

There’s a lot of Gold in the World – in Many Forms

According to the US government, some 187,000 metric tons – over 412,264,430 pounds – have been mined over the centuries and molded into everything from ancient artifacts and coins to modern jewelry and wiring in electronics.

While most of it exists in other countries (as well as in underground reserves), gold remains in demand at pawn shops like Fullerton Pawners. If you’re in need of quick cash or a small loan, a vintage gold watch, broach or ring might be your best bet to address that need.

The Comparatively Stable Value of Gold

Unlike the scores of currencies around the planet, the value of gold is rather stable. We sometimes hear of a sudden drop in the value of a foreign currency after something like a political election. This occurred recently with the peso in Argentina, which was devalued by over 50%, seemingly overnight.

In times of economic uncertainty, people want assets that are not just stable and valuable but aren’t tied to their currency. This mode of thinking explains why gold has reached its height during recessions in this country, including the most recent one. In these times, its value is considered reliable compared with the dollar, particularly when markets appear unstable.

Its Durability and Uniquely Beautiful Appearance

Have you ever noticed that gold is able to maintain that gorgeous, golden sheen, despite sitting at the bottom of a jewelry box for years (or several millennia after its use in ancient Egypt)? Meanwhile, the change in your wallet will tarnish eventually, just like the silver necklace around your neck. Iron is strong and useful, but it rusts easily, as well.

Simply put, many of the metals we are familiar with, such as copper and silver, contain components that will soon oxidize if exposed to humidity and other elements in the environment.

Gold Doesn’t Rust or Tarnish

Some people like the look of tarnished metal objects such as the oxidized copper surface of the Statue of Liberty. This layer of corrosion can be cleared away, but it is a process that reduces the value of certain kinds of metal. Meanwhile, the stability of a substance like gold can still correlate with how much it is worth in monetary markets as well as in the world of pawning.

Gold is Highly Malleable and Conductive in Electronics

The fact that gold is one of the softer metals makes it highly malleable, which has also contributed to its appeal. This may not mean much to you, but there are people who will extract it out of objects so they can turn it into something else – or bring it to their local pawn shop.

One gold enthusiast did just that when he went in search of gold nuggets and melted them down at home. He weighed the resulting amounts and determined he could get some decent cash for his efforts (don’t try this at home unless you are set up like a metallurgical shop).

So, yes, gold is unique. Its conductivity makes it very useful in electronics – another common and in-demand item found at pawn shops.

Check Out the Goods at Fullerton Pawners on Chicago’s North Side

Fullerton Pawners has been purchasing gold and a long list of other valuable items, along with handling small loans, at our Chicago north side location for decades. We love getting first-time visitors who are curious about the wide range of services we provide.

Come check out our goods, or bring in your own, and we will answer your questions any time. Contact Fullerton Pawners online, or call us at 773-637-9999.

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