Pawn Shops Grayslake

Grayslake and nearby areas have several pawn shops for loans or selling items. Gold, electronics, and tools are commonly pawned or sold here.

Grayslake, IL has 6 pawn shops in our directory. Top-rated options include Family Jewelry & Loan, EZPAWN (315 West Rollins Road, Round Lake Beach), and EZPAWN (3018 Belvidere Road, Waukegan).

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Trader Jon's

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1514 N Cedar Lake Rd, Round Lake Beach, IL 60073, United States

buy/sell/tradeguitar repairjewelry repaircustom jewelry designgold buyingsilver buying
4.8(218)

Family Jewelry & Loan

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422 N Green Bay Rd, Waukegan, IL 60085, United States

pawn loansbuyingsellingappraisalsbuy/sell/trade
4.8(450)

EZPAWN (315 West Rollins Road, Round Lake Beach)

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315 W Rollins Rd, Round Lake Beach, IL 60073, United States

pawn loansgold buyingonline shopretail merchandiselayawayproduct protection plan
4.5(375)

EZPAWN (3018 Belvidere Road, Waukegan)

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3018 Belvidere Rd, Waukegan, IL 60085, United States

pawn loansgold buyingonline shopretail merchandiselayawayproduct protection plan
4.3(245)

B & B Jewelry & Pawn

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4005 N, 4005 Kane Ave, McHenry, IL 60050, United States

3.9(24)

Able Pawn Shop

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1532 Belvidere St, Waukegan, IL 60085, United States

pawn loansrenewable loans
3.5(94)

What Grayslake 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 Grayslake

  • 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 Grayslake?

Common items include gold jewelry, electronics like laptops, and tools like power drills.

Which pawn shops in Grayslake are well-reviewed?

Check out Family Jewelry & Loan and Trader Jon's for trusted 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).

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