King Gold and Pawn
Appraisal Process

When visiting one of our pawnshops with your potential collateral, here's what you can expect during the appraisal process:

One of our experienced pawnbrokers will visually examine your item, noting its general condition, brand, and the type of item. We may ask you questions about its history, ownership, and any relevant documentation (receipts, certificates) you may have available.
Depending on the type of item, our pawnbrokers will use specialized tools and techniques for further assessment. This might involve:

Jewelry: Gemstone testers, scales, and magnifying glasses to determine material purity, carat weight, and authenticity.

Electronics: Testing functionality, checking for damage, and verifying the model/brand.

Power tools: Examining for wear and tear, testing functionality, and assessing brand/model value.

Other items: Similar evaluation methods based on the specific item category.
Our pawnbrokers use online databases, reference guides, and their own expertise to determine the current market value of similar items. We consider factors like brand, condition, demand, and recent sales trends.
Based on their appraisal and market research, our pawnbrokers will offer you a loan amount for your item. You are free to accept or decline the offer.
If you accept the offer, you'll sign a pawn ticket outlining the terms of the loan, including interest rate, repayment period, potential loan extension and fees.

As your pawnbroker, we will hold your item as collateral until you repay the loan plus interest.

Request your free appraisal today!

Request your Free Appraisal Today

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Collateral Loan Terms
Our AML Collateral Loans are provided at 2.5% per month for the first 120 Days the loan repayment is 4 months. Collateral Loans for up to 4 months are charged a rate of 2.5% per month.  Collateral will be charged a fee not to exceed 2.5% of total value for the purpose of securing and storing items in a vault.  Loans can be paid-off at any time during the loan term at no extra charge.  We will only charge for time in which the loan had a balance outstanding.  All items will be returned to the borrower in the exact condition received after the loan balance has been paid in full.  We hold the right to sell the collateral if the borrower fails to repay the loan as agreed.  The minimum repayment term is 0 days and the maximum is 120 days. The maximum loan term is 120 day. It is not required to pay the entire loan in-full within 119 days.

Example 1
If you borrowed $100 for 30 days you will owe $102.50 on the 31st day.
Example 2
If you borrowed $100 and made a payment $50 during the month, than on the 31st day your balance will be $52.50
Example 3
If you borrowed $100 for 90 days and made no payments during such time than, you will owe $107.50
Example 4
If you borrowed $100 for 120 days and made no payments during such time then your balance will be $110.00

NOTE: Interest is computed based on the principal balance of the loan at the end of each period (120 days). We do not charge interest on the interest amount added to the loan. See example 3 and 4 above. Total APR 30%