If you need money fast, you might head to your local pawn shop to sell some items.
However, just before you head out the door, you realize that it’s Sunday.
You may not be sure if the local pawn shop is open on Sundays or not.
Are Pawn Shops Open On Sundays?
Yes, some pawn shops are open on Sundays.
It largely comes down to the specific pawn shop in question.
A lot of local, independent pawn shops, for example, will choose to stay closed.
They use it as a day of rest.
Other pawn shops, those that belong to chains, will remain open on Sunday.
The time of year might also make a difference.
For example, if it’s the holiday season, some pawn shops might remain open on Sundays.
In many cases, however, you’ll find that pawn shops will remain open on Sunday.
Why Are Some Pawn Shops Not Open On Sunday?
Although a large number of pawn shops remain open on Sunday, some choose to stay closed.
Here are a few reasons some pawn shops do not open on Sundays.
1.Rest
One of the biggest reasons some pawn shops close on Sunday is that it’s their only day of rest.
A lot of pawn shops are open on Saturdays, for example.
Since they’re open on Saturday, they need one day of the week to rest.
They’ll choose to take Sunday as a day of rest instead.
Pawn shops that are open six days a week tend to not be open on Sundays.
It gives their employees a chance to relax and recuperate before the next week of work.
2. Other Pawn Shops Aren’t Open
Another reason pawn shops don’t open on Sundays is that they take the same cue from other pawn shops.
It’s not unlike office work.
Since other businesses aren’t open, it doesn’t make sense for some businesses to remain open.
There’s no one to do business with.
Some pawn shops will trade with each other.
They might buy or sell an item to add to their own collection.
Since other pawn shops are sometimes closed on Sundays, it doesn’t make sense for them to stay open either.
That’s also true if the pawn shop does business with other businesses.
If those businesses aren’t open on Sunday, it doesn’t make sense for them to be open either.
They’re just wasting money.
3.Holiday Season
Some pawn shops will also choose to remain closed outside of the holiday season.
During the holiday season, pawn shop owners know that a lot of people are desperate for some extra cash.
They’ll pawn items to get some money to buy presents for their loved ones.
Since they’re not always able to pay back their loans, the pawn shop has a good chance of getting some pawnable items that they can sell later.
When it isn’t the holiday season, however, people aren’t always as desperate for extra money.
Since there isn’t as much business to be had, it doesn’t make sense for them to be open as much.
4. Religious Reasons
A final reason some pawn shops close on Sundays is that they have religious reasons.
A lot of religions see Sunday as a holy day.
They don’t work on Sundays since it’s disrespectful to their religion.
It’s a day when they focus their attention and energy on their faith instead.
Even pawn shop owners who aren’t religious might choose to close on Sundays for religious reasons.
Even if they’re not religious, their employees might be.
By closing on Sunday, they’re able to allow their employees to rest and worship.
There’s also a chance that their customers are largely religious.
They might not be out shopping as a result.
In terms of running a business, it may not make sense to be open on Sunday if most people aren’t out shopping.
As such, pawn shops may choose not to open on Sunday.
What Stores Aren’t Open On Sundays?
Pawn shops aren’t the only stores that choose to remain closed on Sunday.
While many pawn shops remain open, some still close.
Likewise, many other shops also close on Sundays.
Here is a list of general stores that tend to close on Sunday.
1. Liquor Stores
Some states follow Blue Laws which require some businesses to be closed on Sundays.
One of the most common stores affected by Blue Laws is liquor stores.
They’re a relic of the past.
In particular, some of them stem from the days of Prohibition.
Because it was illegal to sell alcohol, when Prohibition ended, some states mitigated the effect by prohibiting liquor stores from opening on Sundays.
Even today, some states require their liquor shops to remain closed on Sundays.
While there are some exceptions for restaurants and other businesses, by and large, a lot of liquor stores aren’t open on Sunday.
2. Car Dealerships
Some states also require car dealerships to close on Sundays.
Whether it’s a chain dealership or an independent one, some states like Pennsylvania and Indiana don’t allow them to operate on Sunday.
As such, people who live in those states can only buy a car Monday through Saturday.
3.Banks
Most banks are also not open on Sundays.
They started closing in response to the Great Depression in the 1930s.
To keep people from taking money from the banks, the federal government suggested that banks close on Sundays.
It allowed banks to control their finances before reopening the next day.
It also prevented bank runs which were common in the Great Depression.
By closing on Sundays, banks can have a bit more stability.
4.Restaurants
Some restaurants also do not open on Sundays.
The owners of the restaurant may be particularly religious and want to use the day to focus on their faith.
Others want to give their teams a break.
Chick-fil-A, for example, is a fast-food restaurant that doesn’t open on Sundays.
It’s one of the few fast-food chains that has restricted hours.
While other fast-food restaurants might reduce their hours on Sunday, Chick-fil-A closes entirely.
They do so for religious reasons.
5.Craft Stores
Some craft stores also remain closed on Sundays.
Hobby Lobby is one example.
Like Chick-fil-A, Hobby Lobby chooses to close its stores on Sundays for religious reasons.
Other craft stores might reduce their hours instead of closing entirely.
How Many Days Do Pawn Shops Hold Items Before Selling?
If you’re pawning an item for the first time, then you may wonder how long you have to pay back your loan to get your item back from the pawn shop.
In most cases, you have 30 days before the pawn shop starts selling your item.
There are exceptions.
Some pawn shops might give you a different date.
For example, after negotiating with them, you might only have a week to pay your loan back and receive your item in return.
In other cases, they might extend your loan to two or three months.
It all comes down to the pawn shop in question and how quickly they want to move your item.
For example, if they know that the item will sell for a lot of money, then they might give you the standard 30 days.
They want to give you a fair chance of being able to pay back your loan, so you can get your item back, but they also don’t hate the idea of being able to sell your item for a lot of money, too.
If your item isn’t that valuable, then they might give you a few months because they’ll likely get more money in interest from you than they would by selling the item.
In most cases, however, you have thirty days from the date you pawned the item before the shop can sell it.
How Many Times Can You Pawn An Item?
A frequent question that people pawning an item for the first time have is how many times they’re able to pawn an item.
You can pawn the same item as many times as you want.
The value of that item might decrease or increase with the market.
As such, you might not always get the same loan offer for it.
For example, if you’re pawning something that is selling hot at that moment, then the pawn shop owner might be able to offer you a decent loan for it.
They know that they could sell it and make pretty good money off it.
However, if you sell it when the item isn’t in demand, then the pawn shop isn’t going to make as much money on it.
As such, they might offer you a smaller loan.
You’re still able to pawn the same item over and over, but its value can change.
You also have to ensure that you’re able to buy the item back each time.
You can’t pawn if you fail to pay back your loan to the pawn shop.
At that point, they’re the legal owners of the item and they can sell it.
It’s no longer yours to pawn back to them.
Can You Pawn Something And Not Get It Back?
Yes, it is possible to pawn something and not get it back.
When you pawn an item, you enter an agreement with the pawn shop owner.
They’ll give you a loan for the item that you’re pawning.
In most cases, the loan you receive is the value of the item plus some percentage.
As such, if you’re looking to get a big loan from the pawn shop, then you’re going to need to pawn something high in value.
Once the value and loan get established, you and the owner also set the terms.
In most cases, upon signing the contract, you have thirty days to pay back your loan.
If you do so within that time frame, then you’re able to retrieve your item.
However, if you fail to pay that loan amount agreed to by the date, then you forfeit your right of ownership of the item.
It becomes the pawn shop’s item instead.
They’re then able to sell it.
At this point, there’s still a chance that you can recover the item.
You’ll have to buy it back from the pawn shop.
Since the pawn shop is looking to make a profit on the item, it’s likely going to have a higher price tag than your loan.
If you have enough money, then you can buy the item back and still own it.
However, if someone buys it before you, you may lose the item forever.
That’s why there’s always some risk in pawning your items.
If you don’t think you’ll be able to pay back your loan, then you risk losing your item forever.
Otherwise, pawning your item is safe.
Conclusion
Pawn shops tend to remain open on Sundays, but a few shops do choose to close.
Like banks, some restaurants, and liquor stores, some pawn shop owners choose to close to give their employees a break or to observe their faith.
It’s worth contacting the pawn shop in question to find out when they’re open and what their terms are for pawning an item.
