Selling unneeded or unwanted power tools can be a great way to make some quick money. When appraising your tools, here are some things to keep in mind.

  1. Determine the current new price of the tool in questions.
  2. Determine the condition of your tool. This includes the amount of wear, functionality, if anything is missing, etc.
  3. Determine the availability of the tool. Tools that are more rare will command a higher price where as easily attainable tools will have a lower resale value. 

After you have a good baseline, bring your tools to Platinum Pawn to allow our experts to give you an on site offer or estimate!

At Platinum Pawn, we loan, buy, sell and trade on anything of value including, but not limited to: gold, platinum, silver, diamonds, jewelry, coins, tools, musical instruments, electronics and much more. 

We are constantly looking for ways to serve you better. Our exceptional Team Members work hard to help you get cash for your items in a quick and hassle-free manner.  

Determining Value

A good rule of thumb is that tools in excellent condition will sell for roughly 85 percent of the original cost. Average toold typically sell at 50 percent to 75 percent. Below average or highly used tools fall into the 25 percent to 35 percent range. Equating this with the tools availability should give you a great place to start.

However, if you don’t want to do any of this, our experts are ready to help assist you all the way through! Give us a call or visit us today!  



Here at Platinum Pawn we buy all kinds of electronics. Sell Electronics such as TV’s, Computers , Camera’s, iPhones, etc. Whether your electronics are new or used, you can sell them to the most trusted Pawn Shop in Los Angeles.


Are you looking to buy jewelry? Platinum Pawn offers fine jewelry, watches, and certified loose diamond at great discounts. We also carry many designer items such as Cartier, Tiffany & Co, Van Cleef & Arpels at large discounts off the retail price.


We’ve got tools for all your needs. Whether it’s automotive, woodworking, plumbing tools, or the handyman needs…you’ll find them here. Brand names you know: Snap-On, Ridgid, DEWALT, Bosch, Craftsman, and Kobalt…we could go on and on, but you get the point.


Musical instruments are one of the many categories of items that we loan on and purchase from our customers. Our knowledge of musical instruments lets us give you the most money for your item, as well as the care needed to store your expensive instrument here at our store. 

Why Choose Us

Pawning Made Easy


We lend on most items. No credit check and No hassle. Everyone qualifies. Must be 18 years of age (certain states may impose higher minimum ages). Valid Govt. issued ID required.


We’ll appraise your item and let you know the cash amount we are able to lend. We then hold your item and you leave with cash. The time period for the loan varies depending on state law. And rest assured, when your item is in our care, we keep it safe and secure.


To retrieve your item, just pay off your loan. Of course, should you need more time, we offer extensions and renewals, as permitted by law. If you choose to surrender your collateral, there is nothing further you need to do. You are free to not pay off your loan without judgment or any impact on your credit score. Repay your pawn loan to retrieve your merchandise.