Many people think of pawnshops as seedy places, but pawnbrokers are often highly regulated and guided by state and national laws, the National Pawnbrokers Association, and the Better Business Bureau. Your local pawnshop may also be listed on Yelp, Trustpilot and other review sites where customers can share their experiences.

Pawn shops accept a variety of items as collateral for cash loans, and this is especially true for jewelry. The pawn shop will appraise the item and determine its value, which they’ll use as a basis for selling or making you a loan. They’ll take into account the item’s condition and what they think it will sell for in their store, based on research tools, recent sales and their own experience.

Jewelry Pawn Shops Near Me: Best Deals

Most jewelry pawn shops near me offer competitive prices. In addition, working with a pawnbroker is typically more straightforward than going to a jewelry store and can save you time, money and stress.

Besides offering jewellery, a pawn shop near me will often sell tools, furniture and home appliances as well as electronics like televisions and audio systems and even lawn equipment or off-road vehicles. Harrison’s Jewelry and Pawn in Wetumpka, AL is one such pawn shop that caters to the needs of the local community.

The pawnshop will typically offer you a short-term loan with documentation, and you can usually return to pay back the amount within a set period of time. If you do not return the loan, the pawnshop will keep the item as their own property.