Have you always been curious about how a pawn shop works? Whether you're looking to sell gold or buy items at a heat price, the pawnbrokers at Coins & Stuff in High Point, NC, are here to explain how it all works:

• Pawnbrokers Make Loans: Pawnbrokers are in the business of lending money to people who put a valuable item up as collateral. They charge interest on the loan and store items until the loan is paid in full, at which time the collateral—possibly jewelry, coins, or even firearms—is returned to the borrower.
• Pawn Shops Are Regulated: Each state has laws about how pawn shops operate, including limits on the interest rates charged. Most pawn loans are competitive with credit card rates once you take into account additional charges like late fees.
• Pawn Loans Don't Affect Your Credit Score: Pawnbrokers don't report any information to credit bureaus, so your credit score is never affected if you can't repay the loan. Instead, the pawn shop will keep your collateral item as spelled out in your agreement.
• Pawn Shops Sell Items That They Own: Items for sale in pawn shops are legally owned by the shop and can be sold with no strings attached to any interested buyer. You never have to worry about a previous owner laying claim to an item you buy at Coins & Things.

If you're ready to sell your silver or gold or learn more about pawn loans for your valuables, call Coins & Things at (336) 885-5323. You can also visit their website for more information about buying jewelry and guns at their convenient High Point location.