What is a Pawn?

Many people are hesitant to come into the pawnshop because they are unsure how it works. Pawning your gold or other valuables is really a very easy process.

Simply bring in your gold or other valuables to us. We need to be able to examine the item in person. If it’s gold, we will test it for purity. If it’s an item such as a flat screen TV or laptop computer, we will take into consideration things like age, condition and resale value.

After we examine your item, we will determine a value and price that we are authorized to pay you for your item as a buy, or lend to you using the item for collateral. You can generally get a little more cash for your item if you sell it. If you decide to sell, we will pay you cash and you are on your way!

If you decide to use the item as collateral for a loan, we will lend you the money and you will have a certain amount of time to come back into the store and pay the loan back plus interest. Loans can be anywhere from a month to three months or more, depending on what you need. If you run into a jam, we can usually work with you to extend the loan as long as you cover your interest. You are charged interest monthly until you pay your loan back in full and redeem your item.