Pawn lending is not a new business. In fact, some reports trace pawn loans back at least 3,000 years to ancient China, as well as Greek and Roman civilizations. Pawning has long been a source of capital for people, as well as a way to finance business ventures. According to the Nation Pawn Brokers Association, even Queen Isabella of Spain pawned her royal jewels to finance Christopher Columbus’ voyage to the New World. And during the Middle Ages, certain usury laws imposed by the Church prohibited interest from being charged on loans, thereby limiting pawn brokering to people outside the Church. Out of necessity pawn shops became popular again and the fundamentals of the pawn business remain unchanged. Pawnbrokers loan money to people based on the value of the item(s) they pledge as collateral.
We loan on almost any gold and diamond jewelry, fine watches and more. Simply present your item (collateral) to one of our friendly loan representatives for a loan appraisal and in minutes you’ll have a loan appraisal.
Pawn loans are based on the value of your item, its current condition and current value. We base our loans on what the item’s retail value was when it was new, what it sells for used, and what its current condition is ( fair, good, best ). At Palm Beach Pawn King we are confident that you are getting a fair loan for your collateral.
We accept any valid state or government issued photo ID, including a driver’s license, passport or military ID. Just come see the PAWN KING today and see what He can do for you.
The process typically takes about 10 minutes and all loans are funded in cash with no credit check and no hassles. We also purchase items of value if you do want to get a pawn loan.
Loans are based on the value of your collateral, not your credit rating or pay schedule. A typical pawn loan may have a term length of 30 days / one month, plus a 30 day one month grace period,we offer extensions/renewals to give you extra time. You may also choose to surrender your collateral as payment in full. We loan on a variety of items including gold, diamond jewelry, fine time pieces and more.