Many individuals have questions regarding pawn shops, and there is one assumption people often make: Isn’t there a lot of stolen property in pawn shops?
It appears to be a reasonable assumption. When thieves get their hands on valuable stuff and need quick cash, they should take them to a pawnshop. Because South Bay Jewelry & Loan advertises that they pay top prices for all valuables, thieves are likely to believe that pawning or selling their stolen goods to South Bay Jewelry & Loan will net them a large sum of money. Furthermore, they do not conduct background or credit checks, nor do they demand income or employment for pawning items. Isn’t it simple money?
Wrong! Keep reading to learn why we are actually not a great place to bring stolen goods. If you are ready to shop for incredible pawn goods, stop by or call us today at (310) 371-4571.
Intensive police surveillance
Every day, pawnshops like South Bay Jewelry & Loan have to fill out a substantial quantity of documentation for all of the things they receive. This documentation is given to the cops, who check all of the information and serial numbers to ensure that each item isn’t stolen within 90 days. Everything that is discovered to be stolen is quickly returned to its rightful owner.
Excellent safety precautions
This protects pawn shops like South Bay Jewelry & Loan from being charged with receiving stolen property if they receive an item and don’t disclose it to the authorities. That is something that no pawnshop owner wants because it would completely wreck his or her reputation and sour their previously excellent relationship with the community.
The importance of resale value cannot be overstated
It also benefits pawnshops because around half of the objects pawned in most American pawnshops are returned by the owners once the loan payback time is through. That implies around half of the pawned things will have to be resold. As a result, pawnshops like South Bay Jewelry & Loan never accept stolen goods because there’s a 50% chance it’ll have to be resold.
So there’s no need to be concerned
Stop by to see our incredible collection of one-of-a-kind goods for sale. You may rest confident that everything was obtained legally and that none of it was stolen. We do everything we can to ensure that all of our items are of high quality and in good condition, so you can shop with confidence at South Bay Jewelry & Loan. Plus, our prices are unbeatable—they’re always far lower than retail!
Do you have any questions? We’re all listening
If you have any questions or concerns about the products we have for sale or our policies on potential stolen merchandise, please phone (310) 371-4571 or email info@southbaypawn.com. We’re always delighted to hear from members of our community, and we’ll gladly address any questions you might have!
