Toronto Pawn Shops are a staple of the downtown core, and each comes with its own unique attributes. In Toronto, you can find pawn shops just about everywhere (including a number just west of our 829 Bloor Street West store). But when you say ‘pawn shop’, most Torontonians will think of the enclave of pawn shops near the corner of Queen Street East and Church Street.
While some pawn shops are very ethical in their practices, offering fair prices, it is generally best to avoid them if you’re selling gold, silver and platinum jewelry, coins or flatware. If you’re interested in reading about the experiences one journalist had with some Toronto Pawn Shops, check out this article from BlogTO. And these are supposed to be some of the more reputable pawn shops!
At Toronto Gold, we focus on providing modern, honest and friendly service to our customers. Take a look at our reviews received on Google Maps! Of course, if you’re like me, you’d be skeptical of any online reviews. So instead, I’ll let the numbers speak for themselves. About %25 of our business since opening has been from repeat and referral customers, with some customers returning 5, 6 and 7 times!
Listen, pawn shops have their purposes. If you’re looking to buy a used TV, radio or musical instrument, then they are a great option. They also have an option if you need cash through collateralized short term loans and financing as they hold the item you “pawn” for a set period, before making it available to sell to third parties. If you wish to repurchase the item during this time, you have the right to do so, although you will also need to pay interest on the amount you pawned your goods for.
But, pawn shops in Toronto do not use the same modern and thorough testing processes that we employ. (Click here to read about Toronto Gold’s processes). The certainty that our testing procedures give us enables us to pay the highest prices in the city for your gold, silver, and platinum, guaranteed. While we do not, as a matter of policy, give people the option to repurchase their gold, silver, and platinum within a set period, municipal law in Toronto requires us to hold all purchases for 15 days. Accordingly, if you wish to take your jewelry back during that 15 day period, we will gladly do so for a full refund.
So if you’re thinking of selling gold, silver or platinum, come visit us at Toronto Gold. We think you’ll be pleased with what you find.