Is it time to clean out your designer handbag collection a bit? You can go to a pawnbroker like Cash Express for a fair return on your investment. 

Before you think about pawning your handbag, it helps to know the parameters with which you’re working.

1. Authenticity. Any paperwork you have about your handbag, like original receipts or tags, adds to the value. Also, see if you have the box or bag. This is called provenance. You are illustrating the bag’s history. If you have accessories, all the better. 

2. Brand: There are some high-end handbags that are classic, and rarely lose their value. The company, like Chanel, has a reputation for quality and desirability.

3. Condition: The better condition your bag, the higher the value. Visible damage impacts the offer you receive considerably.

4. Demand: In one day, out the next. The demand for your handbag at the time of sale affects the value. If a piece has a celebrity endorsement, appears in a high-profile collection, or just appeals to current trends, you are in luck!

5. Equivalent Sales: At Cash Express, we check how much your designer handbag sold recently at auctions, consignment shops, etc. 

6. Model and Style: There are certain releases from brands that have higher resale value than others, such as limited editions or iconic designs. 

7. Rarity: Vintage doesn’t always equate to value. However, age does matter if the style has been discontinued. With age, you want to make every effort to preserve your handbag in good condition.

Desirable Handbags

While there are hundreds of designer handbags you could pawn, these are some of the ones that will fetch a pretty penny.

• Balenciaga Classic City Bag

This city bag has an elegant simplicity. Lambskin exterior with cotton canvas interior, it matches nearly everything. The Balenciaga Classic City Bag appeared in 2001, became a celebrity impulse buy, and holds its place as a classic.

• Chanel Medium Boy Flap Bag

This handbag appeals to individuals who dress formally. It offered seasonal changes, a strong design, leather ribbing, and Chanel’s diamond quilting. This is one of bags most often faked. The experts at Cash Express, especially those at Antiques by Ark can quickly determine if it’s authentic.

• Chanel Medim Classic Flap

Coco Chanel created this bag in 1955 when it was known as 2.55. All flap bags in this line follow the same construction. Two words sum up the Classic Flap: timeless luxury. These bags typically increase in value because of their sophisticated details. 

• Givenchy Small Antigona Bag

A small, stylish leather bag honors the Goddess Antigone whose name means “unbending.” The Antigona is strong and durable thanks to both quality materials and masterful craftsmanship.

• Gucci Dionysus

A staple among designer handbags, the Gucci has timeless appeal. Features a double-tiger head closure and chic appeal. Endorsements flooded in from celebrities for this style.

• Hermes Birkin

Enthusiasts love this bag. It’s elegant, classic, sophisticated, and made by skilled craftsmen. The limited availability of Hermes Birkin means it retains (or increases) its value.

Two other names suitable to this list include Louis Vuitton (Neverfull MM and Speedy 30) and the Prada Saffiano Tote.  

It’s Time to Shop or Sell!

Now comes the fun part. Shopping for a new bag or selling one to which you’re not particularly attached. Or maybe work out a swap. 

You can count on Cash Express in Philadelphia Pa for fair pricing, well-trained staff, and an overall pleasant experience.

There are three ways to contact us besides coming to our storefront:

Our online contact form t

Email: info@pawnphiladephia.com, or 

Call our office at 215-922-1560

A respectable and trustworthy pawn shop like Cash Express has laws by which they must abide, including keeping a record of personal information. That requirement makes perfect sense when you think about the services pawn shops provide.

• Collateral Loans: A person receives a loan based on the value of the item they bring in. There is a certain time within which the individual can pay the loan back, otherwise the shop can resell the item. The need for a paper trail here is pretty clear especially for people who cannot get a loan by other means. Collateral loans are often used for fast cash in emergency situations.

Tip: 

Avoid pawning anything things that have emotional sentiment. Should something happen and you cannot repay the loan, you will feel terrible about the choice.

• Buying and Selling: Having documentation (typically computerized) helps the owner keep track of their inventory and profits. The customer selling wants to know their item receives the best possible valuation. Likewise, a person buying wants to trust in the presented quality.

Types of Records Retained by Pawn Shop

1. ID: The clints must present valid identification like a driver’s licence.

2. Transactions: The pawn shop keeps records of items received and sold, the amount, date, and the client’s ID. All new items go into a national database monitored by police watching for specific descriptions of stolen goods. If there is a suspicion of criminal activity (like selling stolen goods), authorities may request transaction records for review directly from the shop. This allows them to identify the person who pawned the item, too.

Privacy

You will be happy to know that pawn shops like Cash Express in Philadelphia, PA, must comply with privacy regulations. Your personal information only comes into play when lawful or legitimate business purposes are involved.

Duration and Disposal

The length of time a shop keeps records depends on local and state regulations. 3-5 years is not unusual. When it comes time for disposal, the store must dispose of the materials in a confidential manner by deleting electronic archives and shredding any paper ledgers. This protects your personal information from being compromised or stolen. 

Reputation Matters

For a pawn shop to retain its reputation for superior service, people need to feel comfortable that their personal information is safe and storage is suitable for any associated laws. Additionally, there should be procedures in place for verifying value. Some storefronts offer on-site appraisal. Otherwise, computer data becomes the source for obtaining average worths. 

Cash Express is the premiere pawn broker in Philadelphia, PA, when you’re looking for quick cash, no credit check involved. We are always on the lookout for jewelry, watches, precious metals, and gemstones. Additionally, we have a storefront dedicated to antiques, Antiques by Ark.

Stop by for some proverbial window shopping so you can see our variety for yourself. You can  fill out our online contact form to find out if your property is something we’re looking for You can also email us at info@pawnphiladephia.com, or call our office at 215-922-1560