We accept gold or platinum jewelry with or without diamonds or other precious stones, including rings, bracelets, necklaces, earrings, cufflinks & gold coins. We also accept high quality watches. If you are unsure if we accept your jewelry, visit one of our branches and speak to any of our brokers.
The loan value will be a percentage of the market value based upon weight, condition and quality. This estimate is free of charge.
New York State law requires that you must be at least 18 years old to make a loan and present a valid government issued photo identification (i.e. drivers license, passport, etc.). You will also need to provide us with your jewelry to be held as collateral until redemption.
Our process is quick and easy. A loan value will be determined within a matter of minutes, and you can be on your way with cash in your hand moments later. All business done with Modell is strictly confidential.
Your jewelry is safely packaged and labeled with a unique pawn number. The package is then stored in a secure vault. Upon repayment of the loan, the collateral is returned to you.
Your jewelry is insured by Lloyds of London.
We have been in business for over 118 years and four generations of family ownership has earned Modell a worldwide reputation of integrity and service.
New York State mandates that loans are written for four (4) months. The borrower can redeem their merchandise at any time prior to the due date without any penalty. At four months, the loan can be extended upon the payment of interest.
First, you will receive the agreed upon amount of money. We can provide cash, check or wire transfer. We are fully compliant with US Patriot Act Laws For more information, you can click here U.S. Patriot Act
Second, you will receive a pawn ticket. Do not lose the pawn ticket, as it is necessary to redeem your merchandise. The ticket will provide a description of your merchandise, the amount financed, all charges, and the terms of the contract. DO NOT LOSE YOUR PAWN TICKET!!!
You may request Modell re-pledge your property for an additional four (4) months. If agreed, a new ticket will be generated after all interest and fees are paid. You will be notified by mail when your loan comes due.
New York state law allows pawnbrokers to charge four percent (4%) per month.
No, we do not run a credit check or income verification. The loan is made solely on your collateral. Additionally, your pawn activity is not shared with credit agencies so there will not be any affect on your current or future credit score.