Pawn Loans:
APR as low as 36% to 240%
You may choose a loand period from 90 days to up to one year.
Loan may be repaid at any time without penalties.
A 3% to 17% storage fee will apply.

For example, a $100 loan taken out for 90 days would require a repayment of $160.

Royal Pawn Chicago
428 S. Clark St.
Chicago, IL 60605
Tel: 312-427-6542 


FREE PARKING in our lot - look for the big yellow sign!

Hours: Mon - Fri, 9am to 6pm; Sat 10am to 5pm

©2016 Royal Jewelers & Loans, A-Royal Redemption Center, Inc.

Royal Pawn Chicago is the best place in Chicago to sell gold and diamonds. We are the Chicago gold buyer who pays the most for gold. We buy gold, diamonds, platinum, silver, scrap gold, broken gold, gold coins, gold bars, unmatched gold earrings, gold necklaces, gold rings, class rings, military rings, silver coins, silver bars, antiques, fine jewelry, luxury watches, flat screen TVs, laptop computers, digital cameras, MP3 players or any items of value. You can sell your items or get a loan. Royal is Chicago's biggest and oldest pawn shop. Our family has been in the pawn brokerage business for over 100 years! We always PAY CASH FOR GOLD and valuables! Click here for your nearest pawn shop location.

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*Actors may be used to portray real transactions. Cash offers are based on the current value, weight, quality, and/or resale value of your merchandise.

What is 14k gold? The gold karat system:

a guide for buying and selling gold in Chicago

At Royal, we often get asked the difference between 14K and 18K gold. Here’s how to understand the karat system used in the US and Canada.

Karats are measurements of purity in relation to the mass of an object.

 

Visualize a scale of 1 to 24; 24 is the top. 24K has 24 out of 24 parts gold. It is 100% pure gold (99.9%). In comparison, 14K indicates that there are 14 parts gold out of 24 total parts (14/24). That means that your 14K gold ring is 58.33% gold and 41.67% some other alloy.

Here’s a table of Karats
22K = 91.66% gold
20K = 83.33% gold
18K = 75% gold
14K = 58.33% gold
10K = 41.66% gold

Example: a 10K ring, weighing a total of 10 grams will contain 4.166 grams of gold.

WHAT METALS ARE IN MY GOLD JEWELRY?

WHAT YOU SHOULD KNOW BEFORE YOU SELL 

24k gold is very soft. As such gold is usually mixed with base metals when making jewelry. The metals are mixed to create what is called an alloy.

Gold may be mixed with copper, silver, palladium, zinc, nickel or other metals. While pure gold is a metallic yellow, many other “colors of gold” can result when alloyed with a base metal. For example, an abundance of copper alloyed to gold will create a red, copper cast. This is usually called rose gold. White gold is gold that has been alloyed with nickel or palladium, or sometimes nickel, zinc and copper. Even blue and purple gold can be made by alloying gold with iron or aluminum.

While some gold alloys may hold a higher value than other alloys. The real value in your gold jewelry is in the amount of gold it contains. More weight + more karat, usually = more value.

Click here for gold spot prices.