5 Best Pawn Shops in Detroit, MI

Are you looking for the best Pawn Shops in Detroit, MI? We have evaluated all of the Pawn Shops in Detroit, MI based on positive and negative customer reviews and ratings. 

The following is a list of the 5 best Pawn Shops in Detroit, MI that we have discovered.

They are listed in no particular order below.

Note: If you think your business deserves to be on this top 5 list, please contact us and we will evaluate your business.


“American Jewelry & Loan” is a well-known pawnshop in Detroit, Michigan. It provides collateral loans on items such as jewelry, electronics, and other items. The shop first opened in 1978. 

They have become one of the most well-known and largest pawn shops in the world since the TV show “Hardcore Pawn.” The showroom has a total floor area of 20,000 square feet. 

“American Jewelry and Loan” has the most gold, platinum, diamonds, and watches in the Metro Detroit area of any store. They are proud of the excellent customer service they provide through short-term collateral loans, the sale of items, and the purchase of items at fair market value. 

The credit check will not affect your credit score. With their free plan, you can put your favorite jewelry and other items on layaway. You only need to put down a 25% deposit. “American Jewelry & Loan” has locations in Michigan, including Detroit, Hazel Park, Pontiac, and Southgate.



20450 Greenfield Road, Detroit, MI 48235

Opening Hours

  • Mon-Sat: 9:30am – 6pm
  • Sun: Closed


Motor City Pawn Brokers is one of the best pawn shops in Detroit. They have been making short-term cash loans since 1990. Cash loans, car pawns, jewelry and watch repair, and custom jewelry design are all available at the store. 

The shop provides collateral loans secured by personal assets that can be renewed every three months. All of their items are valued by well-trained and experienced brokers who ensure that you get the best price for your valuables.

Their staff is polite, friendly, and professional. They even have a GIA-certified gemologist and a jewelry repair person on staff. All jewelry and valuables are kept in a secure vault that is monitored around the clock, and everything else is kept in a clean, well-organized warehouse on the same property. 

A pawn loan does not run a credit or background check. You can put something on layaway for six months without paying interest with a 20% down payment. The shop repairs broken jewelry and creates custom jewelry. Motor City Pawn Brokers has locations in Ferndale, Roseville, and Warren.


  • Email: [email protected]
  • Website: https://motorcitypawnbrokers.com/
  • Tel: (313) 371-8201


15440 East 8 Mile Road, Detroit, MI 48205

Opening Hours

  • Mon-Fri: 9am – 6pm
  • Sat: 9am – 5pm
  • Sun: Closed


“Zeidman’s Jewelry & Loan” is a business that is owned and run by a family. Since 1923, they have been the best place in the Metropolitan Detroit area to get easy collateral loans tailored to each customer’s specific needs. 

They can sell high-quality items at low prices to the widest possible range of customers and dealers. The people who work there have the most industry experience. 

Nobody else can provide you with the same level of service or assist you in getting the most out of your loan as the Zeidman’s. In every transaction, they place the highest value on integrity, honesty, and privacy. Zeidman offers a one-year warranty on all watches sold (both new and pre-owned). 

They guarantee that you will receive the best deal and service available anywhere, whether you are applying for a loan or selling jewelry or a watch. The store can also be found at 24810 Evergreen Rd, Southfield, MI 48075.


  • Email: [email protected]
  • Website: https://zeidmans.com/pages/loans
  • Tel: (313) 567-4444 / (313) 567-7170


2669 Gratiot Avenue, Detroit, MI 48207

Opening Hours

  • Mon-Fri: 9:30am – 5:30pm
  • Sat: 9:30am – 5pm
  • Sun: Closed


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