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FAQ (Frequently Asked Questions)

Granters Pawn Shop

Why would someone go to a pawnbroker to get a pawn loan?

Pawnbrokers offer the consumer a quick, convenient and confidential way to borrow money. A short-term cash need can be met with no credit check or legal consequences if the loan is not repaid. Pawnbroking imposes discipline on the borrower that other lenders may not. Pawn loans do not cause people to over extend credit or go into bankruptcy.

Are pawn rates excessive?

No. To provide their service, Pawnbrokers, like all lenders, must charge rates commensurate with the size of the loan, collateral, risk and recourse. Pawn loans involve substantial operational expenses in terms of appraisal of collateral values, storage, insurance and security infrastructure. Pawn loans are small-dollar, short term loans with no hidden charges.

Do most pawn customers lose their merchandise?

On average, about 90 percent of all pawn loans are repaid. Repeat customers make up a majority of the business, similar to any other lending or retail establishment. Pawnbrokers establish relationships with their customers because they often borrow against the same items repeatedly. Pawnbrokers offer non-recourse loans, looking only at the item being pledged to recover their investment if the borrower chooses not to repay the loan.

Jewelry Repair

On-site jewelry repair by Minh, our master jeweler with over 35 years of experience in the jewelry industry. Bring your jewelry for resizing, bench repair, soldering, stone setting, re-tipping, refurbishing, polish & cleaning, and more.

How can I be sure the merchandise I purchase at a pawn store is not stolen?

Less than half of one percent of all pawned merchandise is identified as stolen goods. That is because customers must provide valid state issued identification and a complete description of the merchandise as well as provide a thumbprint and a signed affidavit of proof of ownership . After the item has cleared and title has transferred to the store it is now ready for sale to the public. This information is then regularly transmitted to law enforcement, which dramatically decreases the likelihood that a thief would bring stolen merchandise to a pawn store.

Does the general public have a correct or even fair image of a pawn store?

No. Today’s pawn store looks very different from the stereotypical portrayal seen in film and television. Pawnbrokers have been, and continue upgrading the interior and exterior of stores, as well as employee presentation, customer service, exterior signage, and their marketing and merchandising methods. Pawnbrokers focus on providing exceptional customer service and are active in the community, both politically and within local charities.

What does Granters Pawn Shop buy and what items can we bring in for a cash offer?

"If it has cash value and Granters Pawn Shop can buy it at the right price, we want it and will pay you money for it on the spot!"Vito the Pawnbroker.

Do you only take in jewelry?

No, Granters Pawn Shop buys many different types of items, as long as we believe that we can buy it at a fair price and still sell it for a profit. We want it and will pay cash on the spot for it!

"So bring in your treasures and walk out with my cash." – Vito the pawnbroker.

Why sell to Granters Pawn Shop?

It’s Easy, Convenient, and Fair. We are a one stop shop. Granters Pawn Shop has been buying, selling & pawning in friendly, downtown El Cerrito since 1943. Bring in your item of value and walk out with a pocket full of cash. No hassles with trying to arrange meetings with potential buyers – No endless emails and postings on Craigslist ~ No waiting 7 days to see if your item might sell on Ebay – No sending your items off in the mail to a cash for gold scheme and not having any idea what they are going to give you! Granters Pawn Shop puts cash in your pocket now not promises in the mail.

  • Step ONE – Come in and have one of Granters Pawn Shop experienced appraisers look at your items and evaluate them. If he is interested in any items of value he will ask you “How much would you like for them?”
  • Step TWO – If you do not have an asking price he will make you an on the spot cash offer to either buy it or give you a loan called a “pawn”, which in most cases would be half of what the offer to buy is.
  • Step THREE – Walk out with cash in your pocket.