Frequently Asked Questions
We Buy, Sell and Pawn Jewelry and Hard Goods (Electronics)
Other precious metals
Name Brand Fashion Goods and Clothing, Electronics, Musical Equipment, Tools, Bikes, Vehicles, Gift Cards and much more…
We do not take old generational electronics, worn or damaged clothing or footwear, broken electronics, fake name brand products.
A Pawn shop is a collateral lender. We make loans backed by items of monetary value.
It is the act of lending money on the security of pledged items on condition that it may be redeemed by the seller for a fixed price within a fixed period of time.
We do. Layaways are a system of paying a deposit to secure an item for later purchase
Depends on what you put on layaway, it may vary from 3 months to 10 months
You must put 10% down and 10% a month
Yes, 2 weeks
We give you up to 30 days after your due date to come in an make a payment or redeem your item. However, another month worth of interest will be applied.
Your interest is always 4% of the principle per month. If you want to redeem your pledge the total will be the amount of the loan and the interest accumulated at the time.
Whether you need $10 or $10,000,000 we are here to help.
In order to get a loan, you must be at least 18 years of age with a valid form of ID.
In New York, loans are written for a period of four months. However, loans may be paid off early or extended.
We are closed on New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day.
We cannot speak for others, but we pride ourselves on customer service and the customer experience.
Contrary to popular belief, pawn shops hardly ever end up with stolen goods. The truth is experienced criminals never take stolen items to pawnshops. In fact, according to the National Pawnbrokers Association, less than 0.5 percent of all pawned merchandise is ever identified as stolen.
GEM Pawnbrokers has been a trusted community bank in the local New York community since 1947. We take pride in our customers and the experience in which they receive with us. We provide CASH when you need it, as well as have the BEST DEALS on everything at ALL times! Please give us a call or stop by today to learn more about our services and receive a free appraisal of any item you wish to pawn or sell.