Pawn Shops Colona
Colona residents often turn to pawn shops for quick cash or to sell items like jewelry, electronics, and tools. These shops also offer a range of used goods for sale at reasonable prices.
Colona, IL has 5 pawn shops in our directory. Top-rated options include Pawn Central, Pawn King, and Action Pawn.
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Pawn King
View details1004 W University Ave, Urbana, IL 61801, United States
Pontiac Exchange Inc
View details911 W Custer Ave, Pontiac, IL 61764, United States
Midwest Cash of Marion
View details1101 W Deyoung St, Marion, IL 62959, United States
What Colona Pawn Shops Accept
- ✓ Gold jewelry & watches
- ✓ Electronics (phones, laptops, tablets)
- ✓ Power tools (DeWalt, Milwaukee, Makita)
- ✓ Gaming consoles (PS5, Xbox, Nintendo)
- ✓ Musical instruments
- ✓ Firearms (where permitted)
- ✓ Designer items
Acceptance varies by shop. Call ahead for specialty items or large quantities.
Illinois Pawn Shop Regulations
Illinois pawnbrokers are licensed under the Pawnbroker Regulation Act of 2023 (205 ILCS 511). Interest is capped at 3% per month, but service fees up to one-fifth of loan amount allow total charges potentially reaching 240% APR. APR disclosure required on all tickets.
Tips for Visiting Pawn Shops in Colona
- 1.Get quotes from multiple shops before deciding
- 2.Know your item's value - check eBay sold listings first
- 3.Bring valid government-issued ID (required by law)
- 4.Ask about interest rates and total repayment amount upfront
- 5.Keep your pawn ticket in a safe place
- 6.Ask about the redemption period and any grace periods
- 7.Ask if they report to credit bureaus (most don't)
Frequently Asked Questions
What can I pawn in Colona?
Common items include gold jewelry, electronics, and power tools.
Which pawn shops in Colona are well-reviewed?
Check out Pawn Central and Action Pawn for reliable options.
How much can I get for gold?
Offers vary by weight, purity, and current prices. Pawn shops typically pay below spot value - get multiple quotes to compare.
What ID do I need?
Valid government-issued photo ID (driver's license, passport, or state ID).
