Frequently Asked Questions

What is Mr. Steve's Pawn Shop?

Mr. Steve's Pawn Shop is a discounted retail store + "collateral lender". This means we lend money for personal items of value.

What items do you provide cash for?

We provide cash for gold + diamond jewelry, broken gold, designer handbags, up-to-date electronics, musical instruments, + other items of value. If you're unsure if we accept your item, please call us at (323)735-0110, use our chat box below, or email us at

How many items can I bring in?

There is no limit!

What do I need to sell to you or get a loan?

You must be 18 years of age or older, present a valid state-issued photo ID, and bring your item(s)of value.

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How do you decide the cash amount for a personal item(s)?

The cash amount is determined by the weight, karat , and quality of gold, quality of diamonds, + the condition of electronics, handbags, musical instruments, + more as well as the current market value of each item.

When do I receive my cash?

An account will be set in your name + we will provide you with a detailed contract to sign with the "truth-in-lending" that details the cost of the loan + a description of your personal item used for the loan. You will receive the cash right after the contract has been signed.

How long is the loan period?

Our loan terms are for 4 months with a 10 day grace period. You can pay the cost of interest + keep your item safely-secured in our store for another 4 months and 10 days or you can pay the full loan amount and the cost of interest to retrieve your item at any time from the start of the loan to the end of the term.

Do you send notices for the ending of the loan period?

Yes, we send a mailed or electronic notice to help our clientele keep good-standing loans.

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Is there a maximum cash amount you'll provide?

There is no maximum cash amount at Mr. Steve's! We can structure larger loans at a reduced interest rate. Other fees may apply.

How much does it cost to retrieve my item?

The cost for the amount borrowed depends on the amount of the loan and is regulated by the state of California.

What payment types do you accept?

We accept Debit or Cash only for interest payments + retrieving personal items. We accept Credit Card, Debit, or Cash for retail sales + layaways.

What if I default on my loan(s)?

Your personal item will become property of Mr. Steve's Pawn Shop. Your credit will not be affected.

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What is layaway?

Layaway is a payment plan on a retail purchase. You put money down on an item you want to purchase in-store + make payments once a month for 6 months until you pay off your item in full + take it home. No guilt, no extra fees!

Can I get cash for my firearm?

No, we do not accept firearms as collateral.