Detroit-based pawn shop operating since 1978 with 4 Michigan locations. Offers collateral-based loans on jewelry, electronics, tools, and more.
Data compiled from public sources · Google rating shown when a stored review count is available
American Jewelry and Loan was established in 1978 and has grown into one of the largest and most recognizable pawn shops in the world. The company operates four locations across Michigan: Detroit (flagship), Hazel Park, Pontiac, and Southgate. The Detroit flagship location gained significant national visibility as the setting for the reality television show "Hardcore Pawn," which featured the business and its owners Les and Seth Gold. Despite the media attention, the company remains a dedicated full-service pawn shop.
The company offers three primary services: pawn loans (collateral-based loans on jewelry, electronics, tools, and other items), retail purchases (buying inventory including GIA Certified diamonds, luxury handbags, fine jewelry, timepieces, electronics, and equipment), and selling services (allowing customers to sell valuables for fair market value). All services are available at their four Michigan locations during business hours (Monday-Saturday, 9:30am-6:00pm, closed Sundays).
American Jewelry and Loan distinguishes itself through its 45+ year operating history, multi-location presence across Michigan, and notable brand recognition from the "Hardcore Pawn" television series. The company actively engages in community presence through social media (Facebook, Twitter, Instagram) and maintains a newsletter signup for customer engagement. They accept appointments for services and provide multilingual website support (Arabic, Chinese, English, French, German, Hebrew, Italian, Polish, Portuguese, Russian, Spanish, Ukrainian).
As a pawn shop, American Jewelry and Loan serves customers seeking quick collateral-based loans with eligibility claims to verify. The primary caveat is that pawn loans typically carry higher interest rates than traditional personal loans, and customers risk losing their pawned items if loans are not repaid. Customers should understand the terms and redemption periods before pledging valuable items.
This is state-level context for Pawn Shops consumers in Detroit, MI. It does not confirm that American Jewelry & Loan or this specific location is licensed.
State regulator
Michigan Department of Insurance and Financial Services
Consumer protection
Short-term lending status: Legal
General rate context: 25% for consumer loans; payday loans capped at $600 with 15% fee on first $100, tiered after
Michigan allows payday lending with a $600 cap, tiered fee structure, and a one-loan-at-a-time limit. Rollovers are prohibited. The Department of Insurance and Financial Services regulates consumer lenders, and complaints can be filed with DIFS or the Attorney General.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
American Jewelry & Loan offers 12 services including Collateral-based pawn loans on jewelry, Collateral-based pawn loans on electronics, Collateral-based pawn loans on tools and equipment, Purchase of GIA Certified diamonds, Purchase of luxury handbags and accessories, and 7 more.
American Jewelry & Loan has profile signals associated with Consumers researching short-term cash access who own valuable items (jewelry, electronics, tools), Individuals with poor or no credit history unable to qualify for traditional loans, Those seeking to purchase luxury goods or jewelry at below-retail prices, Customers in Michigan willing to accept higher rates for immediate, no-credit-check financing.
Key strengths: Established 45+ year history (since 1978) provides stability and market reputation; Multiple locations across Michigan (Detroit, Hazel Park, Pontiac, Southgate) for accessibility; eligibility claim to verify for pawn loans, making service accessible to credit-challenged consumers. Areas to consider: Pawn loans typically carry significantly higher interest rates than traditional personal loans; Risk of losing pledged items if loan is not repaid within redemption period.
In the Pawn Shops category, comparable providers include East Village Buyers, Pawn1st, Texas Cash Pawn Shop. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
American Jewelry and Loan is profile signals for Michigan residents who are researching short-term cash access and own valuable items to pledge as collateral, particularly those with credit challenges who cannot access traditional loans. The main caveat is that pawn loans carry high interest rates and short redemption periods, making them suitable only for short-term financial needs rather than sustainable credit solutions.
East Village Buyers is a pawn shop in NYC's East Village specializing in buying sneakers, gold, jewelry, diamonds, designer handbags, and electronics for cash on the spot.
Google rating from 538 reviews
Profile signals: Individuals researching short-term cash access for personal items with eligibility claims to verify, Sneaker collectors and luxury goods owners looking to liquidate items quickly
Phoenix pawn shop Pawn1st at 25 W Baseline Rd offers short-term cash access for jewelry, electronics, and valuables.
Google rating from 3,504 reviews
Profile signals: Cash-constrained consumers who need immediate funds and own valuable items they can pledge as collateral, People with damaged credit or no credit history who may not meet traditional bank-loan criteria
Review this provider profile and compare source-linked details before choosing what to do next.
Google rating from 133 reviews
Profile signals: Consumers in River Oaks, Texas looking for emergency lending services, People who prefer working with a local emergency lending provider
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