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Best Pawn Shops in New York City
- Family-owned pawnbroking business serving all five boroughs for over 75 years
- Pawn loans and outright purchases on fine jewelry, diamonds, gold, timepieces, and electronics
- Free, no-obligation appraisals from certified gemologists and our in-house watch team
- Licensed and regulated, with every pledged item securely stored and insured
Our inventory is always changing. Browse today for your next unique item. From luxury watches and designer goods to everyday electronics, our pawn dealers offer fair, fast appraisals and cash offers based on real market value.
Safe Delivieries
Luxury pieces, delivered with care, secure packaging, full tracking, and signature confirmation on every order
Safe Checkouts
Shop confidently with secure payments methods and protected transactions
PAWN OR SELL
GEM offers instant cash when you bring in your quality items of value to sell or use as loan collateral.
A CERTIFIED GEM
The story of a family legacy that began in the midst of war.
Since 1947, GEM has been New York’s Greatest Pawnbroking business with a culture that enforces a total customer satisfaction experience along with safe and secure financial solutions. These ideals were first fostered by our Founder, Martin Kaminsky who sharpened his skills for watchmaking, watch repair and time synchronization during his WWII tour. He established his Brooklyn-based brand to extend those services to the community, later including items for buying and selling. The GEM expansion took off when his son Mitchell joined the business after graduating with his MBA. Following Mitchell’s passing in 2017, the Kaminsky family continues to lead GEM as a true standard of this industry.
How we work
Get a free quote
Walk-in or book an appointment to start
Meet with our friendly and qualified professionals who will help you sell your valued items for cash or use them as collateral for a cash loan. Every estimate is free, and you're never under any obligation to accept the loan.
Authenticate your items
Receive a valuation and an offer
Our in-store professionals will thoroughly authenticate your items, carefully inspecting their properties and components to make you the best cash offer based on their appraised value.
Earn instant cash
A simple, safe and secure process
Accept the cash offer for your authenticated item(s) and walk out with cash in hand. All collateral items will be securely stored and insured in a clean, high-security space until you repay what's owed and reclaim your item.
Trusted by the community: Our Customer Reviews
GEM’s New York City pawn shops offer more than just loans; they are a cornerstone of their communities, providing residents with valuable options to buy and sell goods. Our shops foster trust by offering competitive, fair prices and reliable financial help. Many people turn to us fo an excellent service and great products.
appraising the value of pawns
Our experts are highly trained to evaluate items. They examine current market trends and gold prices, item condition, and demand to provide a precise valuation, regardless if you're bringing in gold jewelry you'd like to sell, estate jewelry from a family collection, loose diamonds, a handbag, or a Rolex that's been sitting in a drawer for a decade.
Much of that work happens under our own roof, so your pieces don't get shipped off to a third party for review: our certified gemologists grade stones in-house, and our watch team handles authentication - a large part of why we can pay more than most New York gold buyers. If you're specifically after cash for gold, that difference shows up directly in your offer. And if you've been comparing prices along the Diamond District on 47th Street, it's worth stopping by our shops before you commit to anything.
How a Pawn Loan Works
A pawn loan (collateral loan) is secured by an item, not by your credit history. There's no credit check, no effect on your score, and nothing owed beyond the piece you leave with us, which simply stays put as security until you redeem it.
Before anything gets signed, we walk you through the loan amount, the interest rates and APR set under NY pawnbroker regulations, and the flexible terms for renewing or paying the balance down early. If borrowing isn't what you're after, we'll quote an outright purchase instead and handle the payout on the spot. A small cash loan and a straight sale are just two ways of putting the same asset to work. Either way you're dealing with a licensed, family-owned, trusted pawn shop.
Frequently Asked Questions
We have locations across all five boroughs, so most of the city is a short trip or subway ride away. Check the locations page for the shop closest to you. Or look by Borough or County easily: