The 7 Best Pawn Shops in Chicago

Discover the intriguing world of pawn shops in Chicago, where history, culture, and commerce intersect. Whether you’re looking to buy, sell, or simply explore, these unique establishments offer a wealth of opportunities. In this guide, we’ll delve into the 7 best pawn shops in the Windy City, showcasing the diverse range of services and treasures they provide.

Pawn shops in Chicago are known for their ability to cater to a wide array of needs. Here are some of the services you might encounter:

Buying and selling of jewelry, electronics, and collectibles
Offering collateral loans with flexible terms
Appraisal services for valuable items
Layaway plans for convenient payment options
Expert advice on antique and vintage items

Before visiting a pawn shop, consider these important aspects:

Check the shop’s reputation and customer reviews
Understand the interest rates and terms for loans
Ensure items are authentic and reasonably priced
Be aware of the shop’s return and exchange policies

Embark on your journey through Chicago’s pawn shops and uncover the hidden gems these establishments have to offer. Whether you’re a seasoned collector or a curious newcomer, you’re bound to find something that piques your interest.

1. Pawn Chicago
2. Royal Pawn Shop
3. Exclusive

4. United Loan Co
5. Family Jewelry & Loan
6. Clark Pawners & Jewelers
7. Devon Pawn Shop

Number of companies

1209

Verified reviews

4,54

Average rating

(773)7772777

1. Pawn Chicago

★ ★ ★ ★ ★ 4,9/5

5604 W Belmont Ave, 60634.0, Chicago

Pawn shop

Why we chose them

Pawn Chicago stands out as a premier pawn shop, distinguished by its customer-centric approach. Emphasizing “Customer Service is Our Business,” the company ensures that each client’s needs are met with tailored pawn loans and a straightforward process. With an innovative loan structure, Pawn Chicago offers pro-rated loans and a loan pay-down program, allowing customers to manage their finances effectively. The shop prides itself on finding value in a wide range of items, providing flexible options for those looking to pawn or sell their belongings.

Dedicated to enhancing customer satisfaction, Pawn Chicago continually refines its services based on feedback and reviews. The company encourages potential clients to explore tips on saving money, such as selecting pawn shops with reduced fees and flexible loan terms. This focus on value and service makes it a reliable choice for anyone seeking financial solutions through pawning. With a commitment to transparency and customer support, Pawn Chicago ensures a seamless experience for all who walk through its doors.

(312)4276542

2. Royal Pawn Shop

★ ★ ★ ★ ★ 4,5/5

428 S Clark St, 60605.0, Chicago

Pawn shop

Why we chose them

Royal Pawn Shop is a renowned classic broker specializing in gold, diamonds, and other valuable items. This Chicago-based pawn shop has earned its reputation as the city’s largest and oldest, backed by over a century of family experience in the pawn brokerage business. Known for paying top dollar, they buy and offer loans on a wide range of items, including gold, silver, platinum, and diamonds. Customers can sell everything from broken gold and class rings to luxury watches and antiques. The shop’s commitment to providing the best prices in the area makes it a go-to destination for those looking to sell or pawn their valuables.

In addition to its extensive buying services, the shop has gained media attention, with its stars Randy and Elyse appearing on the hit TV show Hardcore Pawn: Chicago. The company offers pawn loans with flexible terms, allowing customers to repay without penalties. With expertise in evaluating items based on current value, weight, quality, and resale potential, the shop ensures transparent and competitive cash offers. Its educational resources on gold, diamonds, and other precious metals further empower customers to make informed decisions. This dedication to customer service and expertise highlights why the shop is a standout choice in the pawn industry.

(773)9253136

3. Exclusive

★ ★ ★ ★ ★ 4,6/5

3226 W 87th St, 60652.0, Chicago

Pawn shop
Cell phone accessory store
Electronics repair shop
Electronics store
Cell phone store
Tobacco shop

Why we chose them

Exclusive is a versatile establishment known for offering a wide range of services, making it a standout choice for inclusion in our directory. As a multifaceted business, it operates as a pawn shop, providing customers with opportunities to buy, sell, or pawn valuable items. Additionally, the company serves as a cell phone accessory store and electronics store, catering to tech enthusiasts and everyday consumers alike. Their comprehensive offerings ensure that customers can find the latest gadgets and accessories in one convenient location.

Beyond retail, Exclusive excels in electronics repair, delivering expert solutions for fixing a variety of electronic devices. The company also functions as a cell phone store, showcasing an array of phones for diverse needs. Furthermore, as a tobacco shop, it caters to those seeking premium tobacco products. This unique combination of services highlights the company’s commitment to meeting varied consumer needs, making it a valuable addition to our directory.

(773)3731114

4. United Loan Co

★ ★ ★ ★ ★ 4,8/5

224 E 51st St, 60615.0, Chicago

Pawn shop

Why we chose them

United Loan Co., a family-owned and operated pawnbroker, has been a cornerstone of the Chicagoland community since 1937. Known for offering top prices on a wide range of valuables, they specialize in gold, platinum, silver, and diamond jewelry, along with watches, coins, electronics, and musical instruments. With their experienced pawn agents, they provide quick loans or cash for items, ensuring customers receive the best value for their valuables. The company prides itself on its reputation for fairness and competitive offers, making it a trusted name for those in need of financial assistance or looking to purchase quality pre-owned items.

As one of Chicago’s oldest pawn shops, United Loan Co. has built its legacy on treating customers with respect and providing top-notch service. They are renowned as a leading buyer of gold and diamonds in the area, consistently paying the highest prices. Their comprehensive services cater to a wide array of needs, from selling unwanted gold and silver to offering loans on valuable items. This dedication to customer satisfaction and financial support makes them a valued addition to our directory, showcasing their commitment to excellence in the pawnbroking industry.

(773)5394000

5. Family Jewelry & Loan

★ ★ ★ ★ ★ 4,5/5

3216 N Kimball Ave, 60618.0, Chicago

Pawn shop
Gold dealer
Jewelry buyer
Jewelry repair service

Why we chose them

Family Jewelry & Loan offers a welcoming and engaging atmosphere, making it a preferred choice for those seeking easy collateral loans. Specializing in a wide array of items, the company provides loans on gold, silver, coins, electronics, musical instruments, power tools, gaming systems, video games, and autographed memorabilia with certificates of authenticity. Their fun and friendly environment ensures a stress-free experience for customers looking to pawn or sell valuable items.

The company stands out in the market as a versatile pawn shop, gold dealer, jewelry buyer, and jewelry repair service. Known for its customer-centric approach, it caters to a diverse clientele by offering comprehensive services in one convenient location. Whether you are looking to buy, sell, or repair jewelry, their expert team is ready to assist with professional and personalized service.

(773)9005522

6. Clark Pawners & Jewelers

★ ★ ★ ★ ★ 4,6/5

2626 N Clark St, 60614.0, Chicago

Pawn shop

Why we chose them

Clark Pawners & Jewelers has been a trusted presence in Chicago since 1935, renowned for its dedication to honesty and fairness. This family-run pawn shop specializes in buying and selling gold, diamonds, silver, and other valuables, making it a go-to destination for those seeking quick cash or a great deal on high-quality items. Whether customers are looking to pawn valuable items or purchase fine jewelry, electronics, and musical instruments, they can expect personalized service and expert evaluations. The knowledgeable staff ensures transparent transactions without the hassle of credit checks, providing a welcoming and supportive experience for all.

What sets this pawn shop apart is its commitment to customer satisfaction, offering a diverse range of services including quick cash loans and jewelry repairs. Known as one of the best jewelers in Chicago, the shop features a stunning selection of luxury pieces at unbeatable prices. From bargain hunters to diamond experts, there is something for everyone. Clark Pawners & Jewelers stands out for its transparency and dedication to the community, ensuring every customer leaves satisfied with their transaction. Whether buying, selling, or pawning, customers can trust in the shop’s integrity and fair practices.

(773)2744653

7. Devon Pawn Shop

★ ★ ★ ★ ★ 3,9/5

2106 W Devon Ave, 60659.0, Chicago

Pawn shop
Antique store
Jewelry buyer
Loan agency

Why we chose them

Devon Pawn Shop stands out as a versatile hub offering a range of essential services, making it a valuable addition to our directory. Known for its expertise as a pawn shop and antique store, it caters to those seeking unique treasures and collectors’ items. This company provides a reliable platform for buying and selling antiques, ensuring each piece comes with a story and value. The shop’s commitment to quality and authenticity makes it a go-to destination for antique enthusiasts and casual shoppers alike.

In addition to its antique offerings, the shop excels as a jewelry buyer and loan agency, providing flexible solutions for customers in need of short-term financial assistance. By offering fair appraisals and competitive loan rates, it supports clients with both immediate cash needs and long-term pawn services. The combination of diverse services and customer-centered approach underscores its role as a trusted community resource, adeptly bridging the gap between buying, selling, and lending.

FAQs

What types of items can I buy or sell at a pawn shop in Chicago?

In Chicago pawn shops, you can buy or sell a variety of items including jewelry, electronics, collectibles, antiques, and vintage items. Some shops may also offer musical instruments, tools, and luxury goods.

How do collateral loans work at Chicago pawn shops?

Collateral loans at pawn shops involve offering a valuable item as collateral in exchange for a loan. The shop assesses the item's value and provides a loan amount based on that appraisal. If you repay the loan with interest within the agreed-upon timeframe, you can reclaim your item.

What are the average interest rates for pawn loans in Chicago?

Interest rates for pawn loans in Chicago typically range from 10% to 25% per month. It's important to discuss and understand the terms with the pawn shop before agreeing to a loan.

How can I ensure the authenticity of items purchased from a pawn shop?

To ensure authenticity, look for shops that provide appraisal services and have a good reputation. You can also request certificates of authenticity for valuable items like jewelry or collectibles.

What should I consider when choosing a pawn shop in Chicago?

Consider the shop's reputation, customer reviews, the range of services offered, interest rates on loans, and their return and exchange policies. Visiting multiple shops can also help you find the best deals.

Are there layaway plans available at Chicago pawn shops?

Yes, many pawn shops in Chicago offer layaway plans. These plans allow you to reserve an item and pay for it over time, usually with a small deposit upfront. Terms and conditions may vary by shop.

How are items appraised at pawn shops?

Items are appraised based on their condition, market value, and demand. Professional appraisers in pawn shops use their expertise to evaluate items like jewelry and antiques, often considering factors such as brand, rarity, and authenticity.

What are the typical price ranges for items in Chicago pawn shops?

Prices in Chicago pawn shops vary widely. Jewelry can range from 50€ to 5,000€ or more, electronics from 30€ to 500€, and collectibles from 20€ to 1,000€. Prices depend on the item's condition and rarity.