Pawn Shops Madison Heights

Madison Heights has a few solid pawn shops for quick cash or discounted items. Jewelry, electronics, and tools are often pawned or sold here.

Madison Heights, MI has 11 pawn shops in our directory. Top-rated options include American Jewelry & Loan, American Jewelry & Loan - Hazel Park, and Great Lakes Pawn.

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Norman's Jewelry & Loan

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24777 Telegraph Rd, Southfield, MI 48033, United States

pawn loansgold buyingjewelry buyingwatch buyingdiamond buyingfur buying
4.9(296)

Dynamite Pawn & Jewelry

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4848 S Amherst Hwy, Madison Heights, VA 24572, United States

4.9(260)

Great Lakes Pawn

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27675 Grand River Ave, Livonia, MI 48152, United States

pawn loansbuying valuablesselling merchandiseonline sales
4.8(395)

American Jewelry & Loan - Hazel Park

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20804 John R Rd, Hazel Park, MI 48030, United States

pawn loanssell your itemcustom jewelryjewelry protection and care planelectronics protection planlayaway
4.8(685)

American Jewelry & Loan

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20450 Greenfield Rd, Detroit, MI 48235, United States

pawn loanssell your itemcustom jewelryjewelry protection and care planelectronics protection planlayaway
4.7(5983)

City Pawn

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8585 Greenfield Rd, Detroit, MI 48228, United States

4.6(203)

14K Pawn & Exchange

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28975 Woodward Ave, Berkley, MI 48072, United States

pawn loansbuying and sellingonline sales
4.5(73)

Mel's Exchange LLC

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21502 Van Born Rd, Dearborn Heights, MI 48125, United States

4.4(73)

14K Pawn

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28350 Eight Mile W, Farmington Hills, MI 48336, United States

3.6(62)

Metro Pawn & Guns

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58872 Gratiot Ave, New Haven, MI 48048, United States

pawn loansgold buyingsilver buyingfirearms buyingselling valuablestrading valuables
3.6(67)

HJ Pawn & Exchange

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21380 Greenfield Rd, Oak Park, MI 48237, United States

2.1(21)

What Madison Heights 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

Interest Rate3% per month (36% APR) plus $3/month storage fee
Redemption Period90 days (3 months)
Regulated ByLocal Government Chief Executive Officer (city/town level)

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 Madison Heights

  • 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 Madison Heights?

Common items include gold, electronics, and tools.

Which pawn shops in Madison Heights are well-reviewed?

Check out Norman's Jewelry & Loan and Dynamite Pawn & Jewelry 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).

Need More Cash?

Get a title loan - keep your car

Gold Prices