What types of items can I pawn or sell?

Mike's Pawn Shop accepts a wide range of items, including jewelry, electronics, musical instruments, collectibles, and more.

Do you offer any warranties on items sold?

Yes, we provide limited warranties on certain items, particularly electronics and jewelry. Please inquire at the shop for details.

Is there a limit to the amount I can borrow?

The amount you can borrow depends on the appraised value of the items you bring in. Generally, we provide loans up to 70% of the item's value.

What types of jewelry do you offer?

We offer a wide variety of fine jewelry, including engagement rings, wedding bands, necklaces, bracelets, earrings, and custom-designed pieces. We also specialize in diamonds, gold jewelry, and repairs.

Do you offer custom jewelry design services?

Yes! We offer custom jewelry design services to create one-of-a-kind pieces tailored to your style and preferences. Our expert Dearborn jewelers work with you to bring your vision to life.

How can I sell my gold for cash?

We offer a straightforward process to sell your gold for cash. Simply bring in your unwanted gold jewelry, and we will evaluate its value and provide you with a fair offer.

Are the diamonds in your jewelry authentic?

Absolutely! All our diamonds are authentic, and we provide certifications for many of them. We offer only the finest quality diamonds, ensuring you receive beautiful, conflict-free stones.

Do you offer a warranty on your jewelry?

Yes, we offer a warranty on all jewelry purchased from Ace Diamond Jewelers. The warranty covers defects in craftsmanship and ensures your jewelry remains in excellent condition.

How can I care for my jewelry to keep it looking new?

To keep your jewelry looking its best, avoid exposing it to harsh chemicals, perfumes, or lotions. Regular cleaning and polishing are essential, and we offer complimentary cleaning with every repair.

What is pawning & how does it work?

Pawning is the quickest and easiest way to borrow money without hassles of credit checks and lengthy applications. You receive a cash loan against an item, and the pawnbroker keeps it until you pay back the loan with applicable interest.

Is a credit check required for pawning?

No credit checks are required since pawn loans are based on the value of your collateral item, not your credit rating.

Do pawn shops take old & broken jewelry?

Yes, we accept jewelry in any condition because precious metals retain their value.

What items can be pawned or sold at a pawn shop?

We accept items like gold and silver jewelry, coins, luxury watches, electronic devices, musical instruments, and power tools among others.

What happens if I am unable to pay the pawn loan?

You can renew your loan or allow it to expire and the pawn store will take ownership of your item to sell.

Can someone else make a payment for my pawn loan or pick up my item?

Yes, anyone can pay your loan, but only the original pledgee can retrieve the item.

Are loan transactions secure & confidential?

Yes, pawn shops are regulated at local, state, and federal levels to ensure security and confidentiality.

What is the maximum period for a pawn loan?

The maximum term is 90 days, with options to renew every 90 days.

How can I pay for purchases & loans at a pawn shop?

Loans must be paid off in-store with cash, but they can be renewed through our app using a debit card. Purchases can be made using cash or debit/credit cards.

What is the pawning procedure?

Bring your item for appraisal, produce a valid ID, sign documents, and receive cash.

What is your military discount?

We proudly offer a 20% discount to all active duty military members as a token of appreciation for their service.

What are your holiday hours?

Our holiday hours vary; please check our website or contact us for specific dates and times during the holiday season.

Do I really need a signature capture pad, a fingerprint reader, barcode scanner and a webcam or scanner to get started?

The various hardware devices are helpful but not required. All you really need to get started is our software. You can continue capturing signatures, fingerprints, and identification card details manually, and if you want to use your own digital camera to document pictures of merchandise, that is also supported. Most customers find these added hardware invaluable and will want to integrate them into their point of sale.

I run a wholesale precious metals refinery not a retail gold buying store. Will your software work for me too?

Yes, the software is flexible and can be set up to support your requirements as a refinery or consolidator, including supporting recurring customers, check-in weights, and inventory tracking.

How does your software get live spot prices?

The software uses a configurable 'screen scraping' system to extract live pricing data from any web source that you configure, allowing real-time pricing updates during market hours.

We also buy diamonds, gemstones, watch batteries, buffing, bench sweeps and other material. Will your software work for those?

Yes, the software supports an unlimited product database that can be configured for virtually any product you buy.

Does your software help me comply with the legal requirements of retail gold buying?

Yes, the software helps organize and report purchases, ensuring compliance with legal requirements such as holding periods.

I want to use my own payout and settlement formulas. Will your software work with my special formulas?

Yes, you can configure payout settlement formulas by product, customer type, and metal type to meet your specific needs.

Can I use the software if I live outside the USA?

Yes, the software supports multiple currencies and is internationalized.

How can I obtain support when I am in another time zone?

Support is available via email, telephone, and internet remote control, with some evenings and weekends covered.

What do I get on the free trial license?

You can use all of the services for 30 days free, including point of sale software and supporting tools.

What is the cost to use the software?

Pricing details are available on the pricing page to review.

What do I do after my 30-day trial?

To purchase, you will need to buy a yearly license which includes updates and support.

Can I use the software with my Mac?

Yes, but you will need a compatible Intel Mac and a version of Windows installed.

What items do you buy?

We buy gold, silver, diamonds, platinum, jewelry, coins, and household items.

Do I need an appointment to sell my items?

No appointment is necessary, but you can call us to arrange a time that works best for you.

PawnShopz | Discover pawn shops in Michigan, Bloomfield Hills

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