What exactly is a Pawn Shop?

A pawn shop is a type of lending institution based on collateral loans. We lend money on items of value that are brought in for inspection and left as collateral.

What happens if a customer doesn't return to reclaim their item?

If a customer defaults by not paying back their loan, the item is placed for sale. The loan term is defined initially with a small grace period.

Why buy at a Pawn Shop rather than retail?

Merchandise is typically cheaper, previously owned, but still in good condition. We offer a greater variety of unique items that might not be found in regular stores.

What options are there for getting cash?

We can provide collateral-based loans or outright purchases, giving you immediate cash whether you want to pawn or sell your item.

Why would someone go to a Pawn Shop rather than the bank?

The process is fast and doesn't require extensive paperwork, credit checks, or background information, and you can get cash immediately.

What is required in order to get a loan on an item?

You need to provide your provincial ID and prove ownership of the item you wish to pawn.

What items can be pawned?

We accept a wide variety of items including gold and jewelry, musical instruments, tools, electronics, coins, and collectibles.

What are your operating hours?

We are open 7 days a week from 9:00 AM to 12:00 AM.

What items do you accept for collateral loans?

We accept a wide variety of items including jewelry, electronics, tools, and musical instruments.

Do I need to have an appointment to get a loan?

No appointment is necessary; you can walk in and get a loan on your items.

Where are you located?

We are located at #230 - 1140 Austin Ave, Coquitlam. Please note that we do not accept walk-ins and operate by appointment only.

How do you payout your customers?

We provide prompt and on-the-spot payouts in cash, via e-transfer, or as a bank draft depending on the agreed final value.

How does the whole process work?

Our approach is personalized and transparent. We assess your items upon arrival, categorize them, and determine their value based on weight and current buying prices.

What do the marks on my gold mean?

Gold jewelry is commonly marked by the karat system in North America. Markings indicate the purity of the gold, such as 10kt or 18kt.

How do I know if my coin is silver?

In Canada, silver coins produced before 1968 can be identified by their date of minting and silver content. You can use a magnet to check if your coin is silver.

What does Coin Grading mean?

Coin grading involves assessing a coin's condition and authenticity. It's important for determining value, especially for rare coins.

What if I change my mind after I have already sold to you?

We offer a reverse return policy. If you notify us within 2 days of the transaction, we will accept the return and provide a full payout.

Do you buy Diamonds and Gemstones?

Currently, we do not buy diamonds but specialize in gold, silver, and platinum.

What does spot price mean?

Spot price is the current market price at which a commodity can be bought or sold for quick delivery.

Why is the spot price different in Canada than in the US?

Prices for precious metals are quoted in US dollars, and Canadian prices are calculated by converting these using the exchange rate.

PawnShopz | Discover pawn shops in British Columbia, Coquitlam

pawn shops in British Columbia, Coquitlam

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