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NEW JERSEY GOLD SPOT LLC.
View details50 Franklin St, Bloomfield, NJ 07003, United States
What Newark 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.
New Jersey Pawn Shop Regulations
New Jersey pawnbrokers are licensed under N.J.S.A. 45:22-1 et seq. The 12-month redemption period is among the longest in the nation. Pawnbrokers must file annual reports, submit daily police reports of pledges and redemptions, and maintain a $1,000 surety bond.
Tips for Visiting Pawn Shops in Newark
- 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 Newark?
Common items include gold jewelry, electronics, and power tools.
Which pawn shops in Newark are well-reviewed?
Check out NEW JERSEY GOLD SPOT LLC for a reliable option.
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).
