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Pawn Shops in Detroit, MI

12 of the 51 pawn shops, check cashing and loan stores we list in Detroit are pawn shops.

Pawn shops vary significantly in the inventory they carry, with some focusing on high-end jewelry and electronics while others stock tools, firearms, or musical instruments. Loan terms, interest rates, and retail pricing also differ based on location and corporate or independent ownership. A map pin confirms a store is open, but it will not show you their current valuation policies or what items they accept for collateral.

  1. American Jewelry & Loan

    20450 Greenfield Rd, Detroit, MI 48235-1854

    sat: 9:30am - 6:00pm

    Buys goldJewelryElectronicsLayaway
    Call Website Directions

  2. Motor City Pawn Brokers

    15440 E 8 Mile Rd, Detroit, MI 48205-1354

    sat: 9am-5pm

    Buys goldJewelryElectronicsFirearms
    Call Website Directions

  3. Zeidman's Jewelry & Loan Detroit

    2669 Gratiot Ave, Detroit, MI 48207-3207

    Monday-Friday 9:30am-5:30pm, Saturday 9:30am-5pm, Sunday CLOSED

    JewelryLayaway
    Call Website Directions

  4. American Jewelry and Pawn

    Detroit, MI

    sat: 9:30am - 6:00pm

    Buys goldJewelryElectronicsLayaway
    Directions

  5. Bim's Pawnbrokers

    5676 W Fort St, Detroit, MI 48209-3155

    JewelryFirearms
    Call Website Directions

  6. Harper Pawn Shop & Check Cashing

    14453 Harper Ave, Detroit, MI 48224-2951

    Mon-Fri 9:30am-7pm, Sat 10am-5pm

    Buys goldJewelry
    Call Directions

  7. iPawn Detroit

    21745 W 8 Mile Rd, Detroit, MI 48219-4430

    Call Directions

  8. The Gold Mine

    6301 Gratiot Ave, Detroit, MI 48207

    Call Directions

  9. US Gold Exchange

    1904 Springwells St, Detroit, MI 48209-1861

    Call Directions

  10. Mr Check Cashing

    20511 Dequindre St, Detroit, MI 48234-1259

    Call Directions

  11. City Pawn

    8585 Greenfield Rd, Detroit, MI 48228-2224

    Call Directions

  12. Star Loan and jewelry

    6301 Gratiot Ave, Detroit, MI 48207-1806

    Call Directions
Bring valid photo ID. State regulations require a government-issued ID for all pawn loans and outright sales, and most stores require items to be clean and fully functional before making an offer.

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Good to know

What is the difference between pawning an item and selling it?

Pawning an item means using it as collateral for a short-term cash loan, which you can reclaim after repaying the principal plus interest and fees. Selling is a final transaction where you relinquish ownership of the item in exchange for immediate cash. Pawn offers are typically lower than outright sale offers because the shop must store and hold the item.

How long do I have to pay back a pawn loan?

Standard pawn loan terms are typically 30 days, though exact timeframes are set by state and local laws. Most shops allow you to extend or renew the loan by paying the interest accrued for that period. If you do not repay or extend the loan, the shop takes ownership of the item to resell, which does not affect your credit score.

How do pawn shops determine how much money to offer?

Appraisers look at the item's current secondary market value, condition, brand, and likelihood of reselling if the loan defaults. For precious metals and jewelry, valuation relies on the current spot price of gold or silver alongside stone quality. Expect offers to be a percentage of the item's resale value rather than its original retail price.