Pawn Your Fine Jewelry & Watches in San Diego
Need quick cash but don’t want the hassle of credit checks or loans? At Leo Hamel Jewelry & Gold Buyers, we make it easy and stress-free to pawn your fine jewelry, luxury watches, and other valuables. There’s no need to feel uncomfortable — our team understands life happens and opportunities arise, and we’re here to help with immediate cash flow needs in either case.
What is a Collateral Loan?
A collateral loan, aka pawn, is a short-term loan secured by an item of value, not your credit history. The amount you can borrow is based on the market value of your jewelry, watches, gold, or other valuables. At Leo Hamel’s, we offer collateral loans starting at $2,500 and more, with many transactions completed in under 15 minutes.
These loans are a fast and convenient way to get cash without opening a line of credit, affecting your card’s available balance, or your credit score. Our standard loan term starts at four months, giving you plenty of time to repay.
How to Pawn Jewelry & Watches
Getting a collateral loan at Leo Hamel is simple:
1. Bring in your valuables worth a minimum of $2500 — fine jewelry, luxury watches, diamond and gemstone jewelry, gold, silverware, coins/bullion, and some types of antiques and collectibles.
2. NOTE: we cannot offer collateral loans at our other jewelry buying locations – you must come to our San Diego office.
3. Meet with our friendly expert jewelry buyer — they evaluate every item carefully for current market value to ensure you receive the highest possible loan amount.
4. Walk away with immediate payment — many loans take less than 15 minutes!
We pride ourselves on offering fast, confidential, and secure pawn services in San Diego for over 40 years.
What Items Can I Pawn?
We accept a wide range of valuables, including:
-Fine jewelry & designer rings
-Luxury watches & timepieces
-Diamond & gemstone jewelry
-Engagement rings & wedding rings
-Coins, bullion, and precious metals of any condition
-Some types of antiques & collectible items
Not sure if your valuables qualify? Call or email us to inquire.
Are Your Items Safe While in Pawn?
Absolutely. When you pawn an item with Leo Hamel Gold & Jewelry Buyers, you still own your valuables. Our responsibility is to keep your items secure and in excellent condition until you repay your loan. Only if you choose not to repay is the collateral forfeited.
Why Choose Leo Hamel’s Over Other Pawn Shops?
Many pawn shops offer low payouts for diamond rings, gold, or luxury watches because they aren’t familiar with current market values. At Leo Hamel Jewelry & Gold Buyers, we can provide higher payouts because we follow the fine jewelry and metals markets every day. Our experienced buyers ensure you receive the most money possible while maintaining a safe, confidential transaction.
Our San Diego-Area Jewelry Buying Office
Contact us today or stop by our jewelry buyers on San Diego Avenue near the airport to pawn fine jewelry, luxury watches, and other valuables for the highest possible payout.
Collateral Loan Terms & Disclosures
Here are the standard terms for a collateral loan:
-Minimum loan term: 4 months, can be paid anytime within the 4 months
-Maximum loan term: 4 months, can be paid anytime within the 4 months
-Annual Percentage Rate (APR): 84% (cost of credit)
-Interest rate: 7% of the borrowed amount per month
Example:
-Minimum loan: $2,500
-Monthly interest: $2,500 × 7% = $175
-Interest for 4 months: $175 × 4 = $700
-Total amount due at end of 4 months: $2,500 + $700 = $3,200
Partial repayment example:
-If paid in the first month: $2,500 + $175 = $2,675
-If paid at the 4-month pick-up: $3,200
The amount of the collateral loan is determined by the wholesale or market value of the items pawned.
Our San Diego City Pawnbroker License is # 37110864.
