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American Jewelry and Loan: A Detroit Institution [2024]
Have you ever wondered where you can get a great deal on jewelry, electronics, tools, and more? Look no further than American Jewelry and Loan, a Detroit institution that has been serving the community for over 40 years. In this article, we’ll take a closer look at American Jewelry and Loan, its history, pawn loan terms, and more. So, let’s dive in and discover why American Jewelry and Loan is the place to go when you’re looking to buy or sell valuable items.
Quick Answer
American Jewelry and Loan is a well-established pawn shop in Detroit that offers collateral loans on a wide range of items, including jewelry, electronics, and tools. With multiple locations in Michigan, American Jewelry and Loan has become one of the largest and most recognizable pawn shops in the world. They also buy and sell various items at a fraction of the retail price, making it a popular destination for bargain hunters.
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Quick Tips and Facts
- American Jewelry and Loan offers collateral loans on jewelry, electronics, tools, and more.
- They have multiple locations in Michigan, including their flagship store in Detroit.
- American Jewelry and Loan has been in business for over 40 years.
- The pawn loan terms are 90 days with a 3% monthly interest rate and a $3 per month secure storage fee.
- American Jewelry and Loan gained popularity through the reality show “Hardcore Pawn.”
Background: A Detroit Institution
American Jewelry and Loan was founded in 1978 and has since become a Detroit institution. With its flagship store located in the heart of Detroit, American Jewelry and Loan has played a significant role in the community for over four decades. The pawn shop offers a wide range of services, including collateral loans, buying and selling items, and providing a unique shopping experience for customers.
History: From Humble Beginnings to Global Recognition
What started as a small pawn shop in Detroit has grown into one of the largest and most recognizable pawn shops in the world. American Jewelry and Loan’s success can be attributed to its commitment to providing excellent customer service and fair deals. Over the years, the pawn shop has expanded its operations, opening additional locations in Hazel Park, Pontiac, and Southgate, Michigan.
Pawn Loan Terms: Get Cash When You Need It
If you find yourself in need of some quick cash, American Jewelry and Loan can help. They offer collateral loans with flexible terms to meet your financial needs. Here are the key details of their pawn loan terms:
- Loan Duration: The pawn loan terms at American Jewelry and Loan are 90 days. This gives you ample time to repay the loan and retrieve your valuable items.
- Interest Rate: The monthly interest rate for pawn loans is 3%. This rate is competitive and ensures that you won’t be burdened with excessive interest charges.
- Secure Storage Fee: American Jewelry and Loan charges a $3 per month secure storage fee to keep your items safe while they are in their possession.
By offering fair loan terms, American Jewelry and Loan provides a valuable service to the community, allowing individuals to access cash quickly without the need for a traditional bank loan.
Buying and Selling: Find Great Deals at American Jewelry and Loan
In addition to offering collateral loans, American Jewelry and Loan is a treasure trove for bargain hunters. They buy and sell a wide range of items, including jewelry, electronics, tools, and more. Whether you’re looking for a unique piece of jewelry or a high-quality electronic device, American Jewelry and Loan has something for everyone.
When you shop at American Jewelry and Loan, you can expect to find items at a fraction of their retail price. This makes it an excellent destination for those who love a good deal. The inventory at American Jewelry and Loan is constantly changing, so you never know what hidden gems you might discover during your visit.
FAQ
Does American Jewelry and Loan still exist?
Yes, American Jewelry and Loan is still in operation. With multiple locations in Michigan, including their flagship store in Detroit, they continue to serve the community and provide valuable services to their customers.
What happened to Rich from American Jewelry and Loan?
Rich Pyle, one of the co-owners of American Jewelry and Loan, is still actively involved in the business. He plays a crucial role in the day-to-day operations and ensures that the pawn shop continues to thrive.
Does Seth Gold still work at American Jewelry and Loan?
Yes, Seth Gold, the son of Les Gold, one of the co-owners of American Jewelry and Loan, still works at the pawn shop. He is actively involved in the business and brings his expertise to the table.
Does Ashley still work at American Jewelry and Loan?
Ashley Gold, the daughter of Les Gold, is no longer working at American Jewelry and Loan. However, she made significant contributions to the pawn shop during her time there and played a vital role in its success.
Conclusion
American Jewelry and Loan is more than just a pawn shop—it’s a Detroit institution. With over 40 years of experience, multiple locations, and a commitment to providing excellent customer service, American Jewelry and Loan has become a trusted name in the industry. Whether you’re in need of a collateral loan or looking for great deals on jewelry, electronics, or tools, American Jewelry and Loan is the place to go.
After a thorough review of American Jewelry and Loan, we can confidently recommend it as a reliable and trustworthy option for your pawn shop needs. With its long-standing history, competitive pawn loan terms, and a wide range of items available for purchase, American Jewelry and Loan offers a unique and valuable experience for its customers.
So, why wait? Visit American Jewelry and Loan today and discover the treasures that await you.
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