Pawn Shops Shakopee

Shakopee offers a few solid pawn shops for quick cash or discounted items. Gold, electronics, and tools are commonly pawned or sold here.

Shakopee, MN has 2 pawn shops in our directory. Top-rated options include PawnXchange.

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PawnXchange

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1133 Canterbury Rd, Shakopee, MN 55379, United States

+1 952-233-1717

4.4(124)

Excel Pawn & Jewelry

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450 1st Ave W, Shakopee, MN 55379, United States

+1 952-445-1876 Website

pawn loansgold buyingjewelry buyingelectronics salesonline salesbuy/sell/trade

3.9(88)

What Shakopee 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.

Minnesota Pawn Shop Regulations

Interest Rate3% per month (36% APR) plus reasonable storage/service fee (up to $20/month)

Redemption Period60 days from date of pawn transaction

Regulated ByLocal Municipalities (city/town level licensing)

Minnesota pawnbrokers are regulated under Chapter 325J. Interest and fees exceeding permitted amounts are void and uncollectible. If full payment is made more than 2 weeks before monthly date, half that month charge must be remitted. Vehicle pawns require 90-day wait.

Tips for Visiting Pawn Shops in Shakopee

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 Shakopee?

Common items include gold, electronics, and tools.

Which pawn shops in Shakopee are well-reviewed?

Check out PawnXchange and Excel Pawn & Jewelry for trusted 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).