Pawn Shops Hamtramck
Hamtramck has a few pawn shops catering to locals needing fast cash or looking to buy discounted items. Jewelry, electronics, and tools are commonly pawned or sold here.
Hamtramck, MI has 1 pawn shops in our directory. Top-rated options include Detroit Jewelry & Loan.
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Detroit Jewelry & Loan
View details9716 Joseph Campau Ave, Hamtramck, MI 48212, United States
What Hamtramck 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.
Michigan Pawn Shop Regulations
Michigan pawnbrokers are regulated under Act 273 of 1917 (MCL 446.201-446.219). Interest exceeding 3% per month renders the loan void—borrower owes nothing and pawnbroker must surrender item. Storage fees of $3/month and usage fees of $1/month permitted.
Tips for Visiting Pawn Shops in Hamtramck
- 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 Hamtramck?
Common items include gold, electronics, and tools that shops often accept for loans or purchase.
Which pawn shops in Hamtramck are well-reviewed?
Check out Detroit Jewelry & Loan for a well-reviewed option in the area.
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).
Need More Cash?
Get a title loan - keep your car