ABOUT
PAWN SHOPS
The pawn shop is one of the oldest businesses around. They were around in Acient Greece and the Chinese have had pawn brokers for at least 3,000 years. Queen Isabella of Spain pawned her jewels so that Christopher Columbus could sail in search of a new route to the west Indies. In turn, he stumbled upon America. Throughout history, people from all walks of life have used pawn shops from Kings and the rich to your average Joe. You can buy and sell things at a pawn shop and use your valuables as collateral for a loan.
PAWN SHOP FACTS
How do pawn shops work?
Many people are hesitant to come into the pawn shop because they are unsure how it works. Pawning your gold or other valuables is really a very easy process.
Simply bring in your gold or other valuables to any of our Chicago pawn shop locations. We need to be able to examine the item in person. If it's gold, we will test it for purity. (click here to read about gold purity and the gold karat system). If it's an item such as a flat screen TV or laptop computer, we will take into consideration things like age, condition and resale value.
After we examine your item, we will determine a value and price that we are authorized to pay you for your item as a buy, or lend to you using the item for collateral. You can generally get a little more cash for your item if you sell it. If you decide to sell, we will pay you cash and you are on your way!
If you decide to use the item as collateral for a loan, we will lend you the money and you will have a certain amount of time to come back into the store and pay the loan back plus interest. Loans can be anywhere from a month to three months or more, depending on what you need. If you run into a jam, we can usually work with you to extend the loan as long as you cover your interest. You are charged interest monthly until you pay your loan back in full and redeem your item.
Pawn Shops in Chicago and the Chicago Suburbs.
If you need cash, Royal has a pawn shop location near you. Come down and see us. Click here to see our Chicago pawn shop locations.
LEARN ABOUT GOLD, DIAMONDS, PLATINUM, & SILVER

What is a diamond carat? A guide to understanding diamonds.
What does 14k gold really mean? A guide to the gold karat system.
How to sell dental gold in Chicago. Is dental gold worth money?
Gold alloy guide. Learn what's in your jewelry besides gold.
Silver Purity Guide. What is Sterling Silver, What is Coin Silver?
Gold Coin Guide. What are gold coins worth?
Sell Gold and Diamonds in Chicago, IL
At Royal Pawn Chicago, we will buy or give a loan on any item of value. We pay the best prices for gold and diamonds in Chicago.
Sell scrap gold in Chicago
Sell gold watches
Sell broken gold
Sell class rings
Sell gold necklaces
Sell wedding rings
Sell gold lighters
Sell junk gold
Sell gold bracelets
Sell scrap gold watches
Sell scrap dental gold
Sell old dental gold
Sell sterling silver
Sell scrap silver
Sell silver bars
Sell silver coins
Sell silver bullion
Sell diamonds
Sell diamond jewelery
Sell antique jewelry
Sell paper money
Sell gold coins
Sell gold bars
Sell gold bullion
Sell platinum
Sell scrap Platinum
Sell silverware
Sell old or junk silverware
Sell silver candlesticks
Sell designer jewelry
Sell US proof and mint sets
Sell estate jewelry
Sell antiques
Sell luxury watches