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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How Our Loan
Process Works

  • The minimum period for repayment of an AML loan is 60 days and the maximum period of repayment is 120 days or longer if you renew your AML loan.
  • You are not required to pay back the full loan amount for the first 120 days. If you pick up your loan the same day, you have to pay 1 month of interest (2.5%) 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.
  • We do not charge interest on the interest amount added to the loan.
  • The Maximum Annual Percentage Rate (APR) for our AML Loans is 30%.
  • Here is an example of the total cost of an AML loan. If you borrow $100 for 120 days (4 months) at our monthly interest rate of 2.5% you would pay a total of $10 in interest for a total of $110.
  • 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.