Pawn Shops Melrose
Melrose and nearby areas have several pawn shops for loans or selling valuables. Gold, jewelry, and electronics are commonly pawned items around here.
Melrose, MA has 5 pawn shops in our directory. Top-rated options include Empire Loan, Cash Point, and Art Carl Jewelers & AC Loan.
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Art Carl Jewelers & AC Loan
View details56 Pleasant St, Malden, MA 02148, United States
Empire Loan
View detailsbehind Honey Dew, 431 Lynnway #1A, Lynn, MA 01905, United States
Market Square Shopping Center
View details32 Market Square, Lynn, MA 01905, United States
Sherman Loan Company-Pawn Shop & Jewelry
View details4 Freeman Square, Lynn, MA 01901, United States
What Melrose 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.
Massachusetts Pawn Shop Regulations
Massachusetts delegates pawnbroker licensing to cities and towns under MGL Chapter 140. Interest rates and regulations vary by municipality, requiring Division of Banks approval for local ordinances. No rates above 36% APR approved for amounts over $25.
Tips for Visiting Pawn Shops in Melrose
- 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 Melrose?
Common items include gold, jewelry, electronics, and tools.
Which pawn shops in Melrose are well-reviewed?
Check out Empire Loan and Art Carl Jewelers & AC Loan for solid 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