Pawn Shops Decatur

Decatur has a few solid pawn shops for quick cash or discounted items. Gold, electronics, and tools are some of the most commonly pawned or sold goods around here.

Decatur, IL has 2 pawn shops in our directory. Top-rated options include Pawn King and Decatur Jewelry & Pawn.

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Decatur Jewelry & Pawn

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940 N 121, Mt Zion, IL 62549, United States

+1 217-864-3741 Website

pawn loansitem purchasescash for goldlayawayjewelry repairjewelry design

4.8(75)

Pawn King

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1550 E Eldorado St, Decatur, IL 62521, United States

+1 217-425-1000 Website

pawn loansretail salesgold buyinglayaway

4.2(263)

What Decatur 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

Interest Rate3% per month (36% APR) plus service fees up to 20% of loan per month

Redemption Period30 days + 30-day grace period (60 days total)

Regulated ByIllinois Department of Financial and Professional Regulation (IDFPR)

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 Decatur

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 Decatur?

Common items include gold, electronics, and tools that shops are often willing to take.

Which pawn shops in Decatur are well-reviewed?

Check out Decatur Jewelry & Pawn and Pawn King 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).