Frequently Asked Questions
What is the difference Between Pawning and Selling?
Pawning allows you to get a loan on your items and get your items back. Selling your items is a fast way to get cash on items you no longer want or need.
What can I sell or pawn at Elite Pawn & Jewelry?
Gold, Silver, Precious Metals, Jewelry, Antiques, Art, Coins, Apple products, Game system, musical equipment, tools and much more.
What is the minimum or maximum amount of cash I can borrow?
At Elite Pawn & Jewelry we can loan up to $100,000 and the minimum is $25.00.
How does Elite Pawn & Jewelry determine my loan or buying offer?
The staffs at Elite Pawn & Jewelry are all professional expert appraisers and Geologist. The staff will assess your item to determine the resale value of the item.
How long does it take to get the cash?
Elite Pawn & Jewelry delivers the money instantly.
Do most of the pawn customers lose their item?
Over 80% of the pawn loans are all repaid and the item is returned to the customer. Elite Pawn & Jewelry does all they can to help the customer retrieve their item and repeat customers make up a majority of Pawn Elite’s business.
Are there any monthly payments?
No payments are due for two months on your pawn. This gives the customer time to come up with the payment.
What is the pawn fee?
The typical fee is 10%-25% per month.
Can I extend the agreement in Two months?
When your two months is due, then you can extend the agreement for another two months by just paying the pawn fee due.
What happens if I decide I don’t want the item back?
If you decide that you don’t want the item back, then that is okay. Elite Pawn & Jewelry will sell the item for you, then payoff the loan amounts along with the pawn fees.
Are my items insured while in storage?
Yes, all your items are insured while in storage with us.
Is the pawn fee expensive?
The pawn fee is reasonable compared to other fast cash options.
Do I have to have a credit check done?
There is no credit check needed as Elite Pawn & Jewelry uses the value of your item to secure your loan.
What if I decide to sell my item?
Elite Pawn & Jewelry purchases items if you would like to sell your item.
How long will it take to get a quote on my item?
The appraisers will give you an offer within minutes