How does a pawn loan work?

Bring in your jewelry so we can do a market analysis of your items. We can then give you an idea of the amount we can loan. Loans are 90 days and can be extended by paying the interest each 90 day period.

What is an extension?

90 days after you have received a loan it will come due. At that time you can rewrite the loan for another 90 day period by paying the accrued interest.

Will I lose my merchandise?

Our goal is not to get your jewelry. We have lots already. 90 days after your loan date your loan comes due. If you choose not to rewrite or pickup your items we'll get your items ready to put into stock.

How do you determine an items worth?

We look closely at your jewelry to determine such things at the weight of precious metal and the size and quality of the stones. Market conditions influence our decisions. Age and condition of the jewelry also helps determine its value.

How do you determine the condition of an item?

The condition of an item is important in the event we have to resell the item. We take into account the wear on the stones and the metal parts of the jewelry.

How do you determine the value of jewelry?

Ultimately the value of the piece is determined by our overall impression of the items.

How do you determine the price of gold?

We look at the daily spot gold market at the time you come into the store. Gold value changes in the market place over time.

Can you give a quote on an item over the phone?

We might be able to give a rough estimate but much of what we do is determined only by observing the piece in person.

Why does the loan amount differ from the selling price at local retailers?

The amount we loan on an item is only a fraction of what it would sell for in a retail store.

Is my collateral safe while in pawn?

Your collateral is locked safely away in our safe.

Are pawnshops regulated?

Pawn shops are strictly regulated by the State of Washington and the City of Bellevue.