How do I know that the merchandise I purchased at a pawn shop is not stolen?
P awnshops are regulated at the state level in the US, and every state has different rules. Some of the details are absolutely fascinating! For example, let's take a look at a pawnshop in the state of New York . Pawnshops are just like any other business . But unlike many other businesses, pawnshop has a separate set of laws that keep them on the narrow and straight. Pawnshops are specially licensed and have to cooperate with police daily to prevent the movement of stolen merchandise. When you pawn an item , the pawnbroker asks your name and address, verifies it with your driving license and then inspects the item carefully. Most pawnshops have the ability to test gold and diamonds for authenticity. If you are bringing in something like a VCR or TV, the pawnbroker tests it to make sure it is working. A serial number on the item is also recorded on the pawn ticket. New York privacy law requires pawnshops to keep all non-public personal information private. They also give each c