Pawn Shop Frequently Asked Questions


What is a Pawn Shop?

We loan money using nearly any item of value as collateral. Commonly pawned items include electronics, power tools, musical instruments, antiques, diamonds, jewelry and gold!

Loans can range from $5.00 up to thousands of dollars. However, most loans average around $75.00 – $100.00. The loan period is 30 days with a 15 day grace period. You may also decide to sell your item(s) outright.

Why Go to Peoples Pawn & Jewelry?

We offer customers a quick and easy way to get a confidential, no credit check loan. If it’s not paid back within the allotted time frame, we simply put the item out for sale to recover the money loaned. This process does not affect credit or reflect upon the customer negatively in any way.

How Does it Work?

It’s simple and fast! Just bring in your item of value, and if we agree on a price, you get the loan. We’ll then need a proper form of ID to do some quick paperwork, and you’ll be on your way with the cash you need! You then have 30 days plus the 15 day grace period to redeem the loan. If you need more time, loans are renewable. Just pay your interest and the loan is good for another 30 days!

How Do I Buy or Sell Gold?

While the current price of gold will dictate the final amount offered to you, there are many factors involved in determining the price of your gold. The market price for it can and will change throughout the day. You can easily find the current price of gold and other precious metals with a Google search.

As for your gold, our trained experts will assess the full value of your pieces. We’ll look at karats which determine the purity of your gold. The purer the gold, the higher the karat number and value. Our experts can test your gold on the spot to determine its purity. We will also calculate the weight of your gold using industry standard grams or pennyweights. Rest assured that we use regulated and inspected scales to determine the weight of your gold, so you’ll always get the most cash for your item.

Finally, we’ll look at the craftsmanship and collectible value of your jewelry to complete the appraisal and present you with an offer.