Used Gun Values: What Is Your Firearm Worth at a Pawn Shop?
Used gun values vary greatly based on the type and brand it is, as well as its age, condition, completeness, and even your location. Rarer models and more in-demand brands will sell for higher than more common ones.
That said, firearms hold their value quite well. The Havok Journal points out that pre-owned guns retain up to 85% of their purchase value on average, which is much higher than most other items. Appraising a gun requires skill and industry knowledge, making Mo Money Pawn Shop the top choice for selling or pawning a gun in Phoenix.
How Pawn Shops Calculate Used Gun Values
Determining a gun’s value requires specific knowledge of the gun and the firearms market. Our appraisers inspect every gun’s physical condition and combine this with up-to-date market sales data from sources like the Blue Book of Gun Values.
Market Demand and Brand Reputation
Popular brands, including Sig Sauer, Ruger, and Smith & Wesson, tend to have higher market demand (and retain their value better) than lesser-known brands. Common calibers also sell for higher prices, since potential buyers don’t want to go hunting for rare ammunition sizes.
Pawn Loans vs. Outright Selling
If you sell your firearm to a pawn shop, you’ll usually end up with more cash than if you had pawned it. When you sell your gun at a pawn shop, it goes to the shop immediately and can be resold. If you pawn it, you can get your gun back by paying off the loan. Read our blog for more info on the difference between pawning and selling.
What Determines Your Firearm’s Cash Value
Several factors can influence a firearm’s resale value, and while some are beyond your control, there are steps you can take to help preserve or potentially increase its value.
Physical Condition and Functional Integrity
The top rule for maintaining your gun’s value is to keep it in good condition. Bore condition, rust, and wear all play key roles in appraisal. More importantly, a gun in poor condition is less likely to be safe to fire, greatly reducing its value on the resale market. Prevention is key: if you have a gun, keep up with cleaning and maintenance even if you never plan to sell it.
Original Packaging and Extra Accessories
If you have your gun’s packaging and/or any accessories, bring them to the appraisal as well; these can greatly increase your gun’s value. This includes items like the owner’s manual, upgraded magazines, and sights.
What to Expect During an In-Store Gun Appraisal
Buying and selling guns at pawn shops is highly regulated, and experts like the ones at Mo Money Pawn Shop can follow the process quickly and professionally. During the appraisal, we’ll check the gun’s physical condition and evaluate its market value based on the factors mentioned above.
Safe Transport and Inspection Etiquette
The number one rule for appraising a gun at a pawn shop is to make sure it’s completely unloaded. This includes every chamber. You can bring ammunition, but please leave it in your vehicle (or keep it separate from the gun). Finally, make sure your gun is secured in a holster or a gun safe.
Get a Free Firearm Evaluation at Mo Money Pawn Shop
If you’re ready to learn what your gun is worth, contact us online to schedule your appraisal. Our evaluations are fast and hassle-free, and if you choose to sell or pawn with us, you can leave with cash in hand.
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