Pawn Shops Sherman

Sherman residents often turn to nearby Springfield pawn shops for fast cash or unique finds. Popular items to pawn or sell include jewelry, electronics, and power tools.

Sherman, IL has 8 pawn shops in our directory. Top-rated options include Pawn King, Monster Pawn Springfield Inc, and Capital City Pawn & Jewelry.

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Capital City Pawn & Jewelry

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2700 W Lawrence Ave # Z, Springfield, IL 62704, United States

4.9(194)

Monster Pawn Springfield Inc

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2324 S MacArthur Blvd, Springfield, IL 62704, United States

pawn loansbuyingsellingloans
4.6(267)

Monster Pawn Springfield Northside

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222 N Grand Ave E, Springfield, IL 62702, United States

pawn loansbuyingsellingtrading
4.6(18)

Pawn King

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2428 S MacArthur Blvd, Springfield, IL 62704, United States

pawn loansretail salesgold buyinglayaway
4.5(407)

Stevenson Drive Pawn Shop

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2223 Adlai Stevenson Dr, Springfield, IL 62703, United States

4.4(64)

EZPAWN (100 Texoma Parkway, Sherman)

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100 Texoma Pkwy Ste. 100, Sherman, TX 75090, United States

pawn loansgold buyingfirearms loansfirearms buyingretail merchandise salesonline shop
4.3(202)

Johnnys Buy Sell Trade

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200 N Chicago St, Lincoln, IL 62656, United States

4.3(99)

Anything Buy-Sell-Trade Store

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612 N Grand Ave E, Springfield, IL 62702, United States

4.0(60)

What Sherman 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.

Illinois Pawn Shop Regulations

Interest Rate3% per month (36% APR) plus service fees up to 20% of loan per month
Redemption Period30 days + 30-day grace period (60 days total)
Regulated ByIllinois Department of Financial and Professional Regulation (IDFPR)

Illinois pawnbrokers are licensed under the Pawnbroker Regulation Act of 2023 (205 ILCS 511). Interest is capped at 3% per month, but service fees up to one-fifth of loan amount allow total charges potentially reaching 240% APR. APR disclosure required on all tickets.

Tips for Visiting Pawn Shops in Sherman

  • 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 Sherman?

Common items include gold, electronics, and tools, which are widely accepted at local shops.

Which pawn shops in Sherman are well-reviewed?

Check out Capital City Pawn & Jewelry and Monster Pawn Springfield Inc 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).

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