How does a pawn work?

A pawn is another term for a collateral loan. We lend money on items of value ranging from gold and diamond jewelry, musical instruments, televisions, electronics, tools, household items, firearms, and more. Loans are based on the value of the collateral. When a customer pays back the loan, their merchandise is returned to them. You may extend the term of your pawn if you pay storage and interest.

What can I pawn or sell?

We accept most items as long as there is a resale market for them and they are in good condition. We will take a look at anything of value.

How much should I expect for a loan on my item?

Loan amounts vary according to the value of the item. There is no minimum dollar amount allowed on a pawn transaction but the maximum amount may be set by state pawn laws. Your loan amount will be determined according to factors such as demand and condition of the item. Not all pawn stores are the same and price will vary between them.

How do you determine the value of the item?

We base the value of the item on current appraised value, its current condition and the ability to sell the item. We use research tools that we have at our disposal to determine an item’s value and get you the most money for the item. The amount also varies depending on the type of item – for example, jewelry is evaluated differently than a DVD player. We test all items that we buy or pawn to ensure that it works properly.

Are pawnshops regulated?

Yes, we are governed by all of the major federal laws that apply to entities designed as financial institutions. The federal laws that regulate the pawn industry are Patriot Act, Truth in Lending Act, Equal Credit Opportunity Act, as well as Data Privacy and Safeguard of consumer information as part of the Federal Trade Commission (FTC) Rules. We deal in firearms, so we are regulated by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). We are also licensed and regulated by local authorities as well.

How can I be sure the merchandise I purchase at a pawn store isn't stolen?

Less than half of one percent of all pawned merchandise is identified as stolen goods. That’s because customers must provide positive identification and a complete description of the merchandise is taken down on the pawn ticket. This information is then regularly transmitted to law enforcement, which dramatically decreases the likelihood that a thief would bring stolen merchandise to a pawn store.

What happens if I decide not to reclaim or extend my pawn?

Your item is then offered for sale in our showroom or online.

What do I need to bring when I pawn my item?

You must be a minimum of 18 years of age and have a valid government issued photo ID.