Big Tex Pawn's FAQs
General Pawn Questions
What does Big Tex Pawn Shop buy and sell?
We buy and sell a wide variety of items, including: Jewelry (gold, silver, diamonds, watches), Gold and silver (coins, bullion, scrap), Firearms (handguns, rifles, shotguns), Car audio equipment, Electronics (laptops, TVs, gaming consoles, smartphones), Industrial tools (power tools, hand tools, equipment), and Estate collections
If you’re unsure whether we accept a specific item, give us a call at (432) 363-4268 or visit our store!
How does a pawn loan work?
A pawn loan allows you to use an item of value as collateral in exchange for a cash loan. Here’s how it works:
Bring in your item for evaluation. We assess its value and offer you a loan amount, and you receive cash on the spot. Repay the loan (plus interest) within the agreed time frame to reclaim your item. If you don’t repay, your item may be sold to recover the loan. No credit check is required!
Do you accept gold and silver for pawn or sale?
Yes! We buy and pawn gold and silver, including coins, bullion, scrap gold, and jewelry. Bring in your items for a free evaluation.
How is the value of my item determined?
The value is assessed based on factors such as: current market value, condition of the item, brand and model, and demand for the item
Firearms & Transfers
Do you buy and sell guns?
Yes, we buy and sell firearms, including handguns, rifles, and shotguns. All firearm sales comply with federal and state regulations.
Do you offer firearm transfers?
Yes! If you purchase a gun online or from another dealer, we can handle the FFL (Federal Firearms License) transfer for you. Simply have the seller ship the firearm to us, and we’ll notify you when it’s ready for pickup. A transfer fee may apply.
What do I need to purchase a firearm?
To buy a gun, you must:
Be of legal age (18+ for rifles/shotguns, 21+ for handguns)
Provide a valid government-issued ID
Pass a background check
Can I pawn a firearm?
Yes, we accept firearms as collateral for pawn loans. All transactions follow strict legal guidelines, including proper identification and background checks where required.
Jewelry & Precious Metals
Do you buy broken or scrap gold?
Yes! We buy all types of gold, including broken jewelry, gold coins, and scrap gold. We offer competitive prices based on current market rates.
Can I sell my engagement ring or diamond jewelry?
Absolutely! We buy engagement rings, diamond jewelry, and luxury watches. Bring them in for an appraisal and get a cash offer on the spot.
How is the value of my jewelry determined?
We assess jewelry based on many factors such as the weight and purity of precious metals, the size, quality, and authenticity of gemstones, and current market demand. For instance, gold is tested to determine its karat, and diamonds are evaluated for cut, color, clarity, and carat weight.
What types of jewelry can I pawn?
Most pawn shops accept a wide range of jewelry, including rings, necklaces, bracelets, earrings, watches, and even broken or scrap gold pieces. If you're uncertain about a specific item, it's best to contact the pawn shop directly.
Is my jewelry safe while in pawn?
Reputable pawn shops ensure that pawned items are kept safe and secure for the duration of the loan. Your jewelry is stored in a secure area and is fully insured for its loan value.
What if I can't repay my pawn loan on time?
If you're unable to repay your loan by the due date, many pawn shops offer options to extend or renew the loan, often requiring payment of outstanding service charges. If the loan isn't repaid, the pawned jewelry may be sold by the shop, but there are no negative effects on your credit score.
Do I need a credit check to pawn jewelry?
No, pawn loans do not require a credit check. The loan is secured by the jewelry you provide as collateral.
Can I sell my jewelry instead of pawning it?
Yes, most pawn shops offer the option to sell your jewelry outright. Selling means you receive cash immediately and do not intend to reclaim the item, whereas pawning allows you to use the jewelry as collateral for a loan with the option to retrieve it upon repayment.
How do you ensure the authenticity of the jewelry?
Pawn shops employ trained staff who perform various tests to verify the authenticity of metals and gemstones. For example, they may use acid tests to determine the karat of gold and specialized tools to assess diamonds.
What identification is required to pawn jewelry?
A valid, government-issued photo ID is typically required to pawn or sell jewelry. This helps ensure the legitimacy of the transaction and compliance with local regulations. Call us to learn more.
Electronics & Tools
What types of electronics do you buy and sell?
We buy and sell a variety of electronics, including: Laptops, tablets, and computers, TVs and home entertainment systems, Gaming consoles (PlayStation, Xbox, Nintendo), Smartphones and smartwatches, and more.
Do you buy power tools and industrial equipment?
Yes! We buy and sell power tools, hand tools, and industrial equipment from brands like DeWalt, Milwaukee, and Makita.
Additional Questions
Do you negotiate prices?
Yes! We aim to offer fair prices, but we’re open to reasonable negotiations.
What do I need to bring to pawn or sell an item?
You’ll need a valid government-issued ID (such as a driver’s license or state ID) and the item you’re pawning or selling.
What happens if I can’t pay back my pawn loan on time?
If you can’t repay your loan by the due date, you may have options to extend or renew it. If you don’t repay, the pawned item may be sold.
Do you offer layaway?
Yes! We offer a layaway program to help you purchase high-value items over time with affordable payments. Ask in-store for details.
Where is Big Tex Pawn Shop located?
We’re located in Odessa, TX. Call us at (432) 363-4268 or visit us for great deals and fast cash!
