Pawnbrokers run one of the oldest businesses around—pawn shops. If you need a quick way to get a loan, heading to a pawnbroker is one of the best options. If you’re looking for a pawnbroker in High Point, NC, drop by Coins & Stuff. These pawnbrokers have been in business since 1980. They specialize in buying and selling gold and silver coins, fine jewelry, and precious metals. Collectors can also visit the shop for some rare finds.

What Are Pawnbrokers?

This is a business that lends money at interest on the security of a valuable personal item. This interest can be anywhere from 5% to 12% per month. The merchandise pawned to the broker is called a pledge, pawn, or collateral.

How Do Pawnbrokers Work?

The amount of loan is usually based on the predicted resale value of the item, which can be around 30% to 60% of the full value. The pawnbroker will then discuss the terms of the credit agreement before finalizing the transaction.

Pawnbrokers keep the item within an agreed-upon time, usually ranging from 30 days to six months. The client can get it back by paying off the initial loan plus the set interest, or they can default on the loan and surrender ownership of the item.

Why Go To Pawnbrokers?

A pawn loan is a quick way to get cash without having to go through credit checks. Pawnbrokers typically give the money right after the client signs the agreement. A pawnbroker will only charge interest within the period the customer has borrowed the money, and they will release the item once the loan is paid.

Whether you’re looking for a coin dealer or selling jewelry, trust the pawnbrokers at Coins & Stuff. Call them at (336) 885-5323, and visit their website for more information.