The Pawnbroking Process

As collateral loan brokers, Lincoln Square Pawnbrokers Inc., makes on the spot, cash loans of $20 and higher on gold and diamond jewelry, watches. Our lending rates are amongst the highest in New York State for gold jewelry.

Everyone that comes to Lincoln Square Pawnbrokers has 2 options:

OPTION 1 – PAWN YOUR PROPERTY

  • You may pawn your valuables (gold jewelry, diamonds, watches, etc.) as collateral, and in turn we lend you money.
  • According to NY state law, you are given 4 months to redeem your items. LINCOLN SQUARE GIVES A MINIMUM OF 6 MONTHS!!!
  • When you pay back the loan plus interest, your property is returned to you.
  • At the end of the loan period, you have the option of renewing your pledge (pay interest-only to extend the loan).

OPTION 2 – SELL YOUR PROPERTY

  • If you no longer want you items (i.e. unworn, unwanted, gifts you don’t use), you have the option of selling your merchandise to us for cash on the spot.