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Pawn Shop

A Pawn shop is a business that accepts collateral in exchange for a short term cash loan. These short term cash loans can vary from State to State. Pawn shops charge monthly interest at a percentage and usually a loan origination fee. The percent of interest your charged will vary depending on what state you’re in when you need a loan. A pawn shop is a very helpful resource for people who are strapped for cash and have no way of borrowing from a credit card or wish not to take a loan from a relative. Pawn shops will take any item of value such as TV, computer, jewelry and many other things with a value. So here is an example of a typical loan process using the state of Nevada’s guidelines and policies for Pawn Shops.

Let’s say you brought in a 14kt gold bracelet with diamonds. You paid $3000 retail for it 10 years ago but it only has an intrinsic value of $800 meaning that if it was scrapped for metal the Pawn Shop owner could melt the gold and sell the diamonds whole sale and get $800. So the Pawn Shop owner could safely offer a Loan of $700 with 13% interest and a $5 loan origination fee at 90 days. During the 90 days you have the option to redeem or renew the item with the Pawn Shop. If your money situation is still tight after the 90 days and you need a another month or so you can opt to renew the item with the Pawn Shop for another 90 days which essentially means you would pay the 90 days of interest thus far and loan origination fee of $5.

After renewing the item the loan basically starts over and the interest goes back to day one with the loan originating fee being assessed again for $5. The last and final step of the Pawn shop process is redemption or default. Redemption is exactly how it sounds. You would bring in your ticket, pay back the original loan amount and the interest accrued thus far along with the $5 loan fee. If you still cant come up with the money borrowed at the end of the 90 days and cant afford to renew you would then default on your loan and the Pawn Shop owner would then sell or scrap your item to get back his money.

A Pawn Shop would much rather have you continue to pick up your item and re-loan on it then for you to default. If you default on your loan its not the end of the world but Pawn shop owners to have a system to keep track of your loan history and will adversely affect future loans if your defaulting more then your picking up.



East Flamingo

Monday – Friday 8:30 am – 4:30 pm
Saturday 8:30 am – 2:30 pm
Sunday Closed

West Flamingo

Monday – Friday 9:30 am – 6:00 pm
Saturday 10:00 am – 4:00 pm
Sunday Closed



What friendly staff. They help you sell your items even if they don’t have a use for it by calling other shops around the area to see if they could use it… They want you to have the best out come from selling your items. I was so happy I decided to go to them!


My wife cashed in some coins and we got top dollar. We have sold to others before but no more, we found a real professional store in Nevada Coin & Jewelry. “Thank You”


This place is definitely recommended!!! A.J. and David are amazing…very helpful and nice people at that! I would totally consider going to this place.

Bree D.

While vacationing in Las Vegas I did what a lot of people do I’m sure or at least that’s what I’m telling my wife ..I blew through the money I brought a little quicker than expected and I ended up having to shop my Rolex around to several dealers to save the trip. So I looked online for places, most offers over the phone were low and that’s if they would even quote me in the first place. I spoke to a guy at Nevada Coin and Jewelry who gave me a fair ball park price and a reasonable explanation as to why his number couldn’t be solid. Went down expecting to get the lower number and in fact Robert their Rolex expert said my Rolex was a better model then I had described. He paid me a higher number than he quoted. Thanks for saving my vacation guys.

Weldon O.

Wonderful experience, Nick and Laura made it seamless and stress free. Thank you! They also sell super cool items!!

Staff was friendly, knowledgeable, and responsive. Building had great security to helped me feel safe in handling my items.

This dealer was beyond excellent in all respects! No low-ball games, no fooling around. These people are honest, and the transaction was handled smoothly with complete transparency. I will definitely recommend Nevada Coin & Jewelry to everybody I know!

Richard C.

Outstanding experience! This is the best place to change your gold with a great attention. I’m completely impressive because they have a smooth and fast service, definitely nice people!

Pablo V.

What inspired me to go to NV Coin and Jewelry was I was an ad on the TV for the shop. I was not too sure about going to NV Coin and Jewelry to sell my jewelry because I have been to many other pawn shops but haven’t found a good deal for my jewelry. After I went to Nevada Coin and Jewelry it was a big relief for me selling my jewelry for a good price.


Nevada Coin and Jewelry – has excellent customer service – providing las Vegas with top notch service and expertise – this is my primary coin dealers — others just can’t keep up – they are helpful and friendly – in my opinion they are the best in the south west area — so that’s my review a++++ rating – because I am a good customer – this is the best place to buy and sell gold and silver bullion.

Freddie I.

Always a good experience here! Definitely the place in town I enjoy buying coins from, and I’d recommend them to anybody. Helpful staff, reasonable prices, and wide selection.

Daniel B.

As a first timer in selling, I was a bit apprehensive. I did not know what to expect and was a little worried about a previous reviewers comments. Yes the office was stark and clinical. The staff however, more than made up for any downfall in the decor. Very helpful, polite and understanding to any ‘silly’ questions that were asked. All in all a pleasant experience, and one that should the opportunity arise I would go through again!

Marie G.