A pawn broker deals with items that is pawned for a loan, within a certain contractual period of time the pawn broker may purchase it back for the amount of the loan plus some agreed-upon amount for interest. The pawnbroker also sells items that have been sold outright by customers to the pawnbroker or secondhand dealer in New York City.
The pawn broker in New York City assesses an item for its condition and sale ability by testing the item, in the case of electronics or instruments and examining it for flaws, scratches or other damage also have to learn about the different makes and models of computers, software and other electronic equipment, so that they can discern between items which are still salable, and those which are obsolete with in New York City.
