las vegas pawn shops

Most people have heard of pawn shops,  but many have ideas and images that are, shall we say, less than accurate on just what a pawn shop is and what they offer. The short definition - they offer a short term loan based on the collateral that you pledge. No credit check, no waiting for approval by the loan officer, just fast cash. Of course, they also charge interest on the loans. When you have a loan to buy your home, you pledge the home as collateral in the event that you don’t, or can’t, pay back the loan. If you don’t pay your loan back, your home becomes the property of the bank. The pawn shops operate in much the same fashion. You bring in an item to pledge for a loan, you leave the item, and they give you cash and a receipt to bring back. In Nevada, the term of the loan is 120 days. You can pay the interest at this time and they will give you a “new” loan, again good for another 120 days. Most people do pick up their collateral and repay the loan, but when they do not, the shops in turn sell the items to recover their investment. This is where you can get some great deals on almost anything you can imagine.

Shopping at pawn shops and getting deals is now becoming mainstream with people ranging from top celebrities to CEOs shopping in them. The owners know you expect a deal as soon as you walk in the store, so they are prepared to bargain on prices. They can only hold so much inventory before running out of space, so they really want to make the sale to cover their losses on a defaulted loan. You definitely have the advantage when negotiating on something.

Hollywood has long portrayed pawn shops as being dark, sleazy operations, just full of stolen property and shady characters. Nothing could be further from the truth! They are in fact, a combination ‘Lending Institution’ much the same as your bank, and discount retail/jewelry/tool store, only with the best prices in town. The stores are clean and well maintained, with large and varied inventories. They all are required to work very closely with law enforcement at all levels to ensure that the material that they take in is legally owned and offered. Some of their best customers are these very same law enforcement officials.

One of the best pawn shops is the Gold and Silver pawn shop.  The Gold and Silver Pawn Shop sells everything under the sun. From KitchenAids, to tools, electronics, antiques, and welders. They are a family based businessand have been satisfying customers for over 20 years.

Gold and Silver Pawn
713 Las Vegas Blvd S
Las Vegas, NV 89101-6755
Phone: 1.702.385.7912

It is definitely worth a visit to them. You can also view some of their items for sale on eBay. The items on eBay are what they could not sell in the store.

The Gold and Silver Pawn shop has more than twice as much jewelry as you would see in a regular jewelry.

 Another popular pawn shop in Vegas is EZ Pawn.

EZ Pawn
808 Las Vegas Blvd S
Las Vegas, NV 89101-6723 
(702) 384-3042

They are actually a chain with many store locations across the U.S. You will find a huge selection of items.