Pawn Shops New Albany
New Albany has a few solid pawn shops for quick cash or discounted items. Gold, electronics, and firearms are commonly pawned or sold here.
New Albany, MS has 3 pawn shops in our directory. Top-rated options include A J's Pawn & Gun, LLC and Beneficial Exchange & Pawn.
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Beneficial Exchange & Pawn
View details730 W Bankhead St, New Albany, MS 38652, United States
Sully´s Pawn Shop
View details726 W Bankhead St, New Albany, MS 38652, United States
What New Albany 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.
Mississippi Pawn Shop Regulations
Mississippi Pawnshop Act (§75-67-301 et seq.) allows maximum 25% of principal per month. Purchased goods must be held 21 days for police verification. Licensees must complete 6 hours pre-licensing education and maintain $20,000 net worth.
Tips for Visiting Pawn Shops in New Albany
- 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 New Albany?
Common items include gold jewelry, electronics, and tools.
Which pawn shops in New Albany are well-reviewed?
A J's Pawn & Gun, LLC and Beneficial Exchange & Pawn are popular 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).
