Pawn-Shops · Maine
Rating: 3.8/5
Multi-location pawn shop chain across Maine offering collateral-based loans, jewelry, tools, instruments, and furniture. 6 stores with 30,000+ sq ft of inventory.
Coastal Trading & Pawn is a regional pawn shop operator based in Portland, Maine, with six locations across the state including Auburn, Augusta, Brunswick, Lewiston, and two Portland addresses (Forest Avenue and Saint John Street). The company has been serving Maine residents as a traditional pawnbroker, offering short-term loans secured by personal property. Their primary location at 543 Forest Ave, Portland is described as their newest storefront with updated facilities and expanded inventory.
The business maintains an emphasis on customer service and merchandise guarantees across all locations.
Coastal Trading & Pawn offers traditional pawn loans where customers can receive cash in exchange for collateral, with typical loan redemption rates averaging 70% across the industry. Beyond lending, they operate as a retail reseller and buyer, purchasing jewelry from estates, accepting trade-ins, and selling new and pre-owned merchandise. Their inventory spans multiple categories: estate jewelry with in-house diamondologists, power and hand tools (DeWalt, Bosch, Craftsman, Ryobi brands), furniture and appliances for every room, musical instruments as authorized Yamaha and Peavey dealers, and commercial/home office equipment totaling over 30,000 square feet across all locations.
What distinguishes Coastal Trading & Pawn is their specialized jewelry department. They explicitly promote the largest selection of estate jewelry in the Twin Cities market with 3 diamondologists on staff who can verify authenticity. Diamond pricing ranges from $19 to over $20,000, and they emphasize competitive pricing on gold and diamonds.
Their tool selection is notably comprehensive with a 31-day warranty on pre-owned tools and manufacturer warranties on new equipment. The company also positions itself as an authorized dealer for major instrument brands (Yamaha, Peavey), differentiating from typical pawn shops.
The main caveat is that this is fundamentally a pawn lending operation where customers risk losing merchandise if loans aren't repaid, despite the stated 70% redemption rate meaning 30% of items are forfeited. Website content contains minor inconsistencies (references to Twin Cities when located in Maine; incomplete product descriptions; outdated copyright 2015) suggesting the site may not be actively maintained. Business hours vary seasonally, and the company operates as a traditional pawnbroker rather than offering regulated personal loans or credit-building products.
Reader-focused summary of the strongest reasons to consider Coastal Trading & Pawn and the factors most worth weighing before contracting. Individual outcomes depend on your credit situation and goals.
Coastal Trading & Pawn works best for consumers who value 3 in-house diamondologists verify jewelry authenticity and guarantee accuracy of and can accept the tradeoff of traditional pawn structure means 30% of pledged items are typically forfeited an. Compare against similar providers below before signing any contract.
Before signing up with any Pawn Shops provider, review these safeguards:
Match these decision factors against Coastal Trading & Pawn's profile before committing. This rubric mirrors what independent consumer-finance research typically checks for Pawn Shops providers.
Pawn Shops
12 services listed
1 states
Coastal Trading & Pawn offers 12 services including Pawn loans secured by personal property (jewelry, instruments, tools, furniture), Jewelry and diamond authentication with in-house diamondologists, Estate jewelry purchasing and appraisal, Trade-in programs for jewelry and other merchandise, Retail sales of new and pre-owned tools (DeWalt, Bosch, Craftsman, Ryobi, Hilti, Porter Cable brands), and 7 more. Confirm current service list directly with the provider before contracting.
Coastal Trading & Pawn's profile signals suggest it may fit: Individuals needing immediate cash secured by jewelry, tools, or musical instruments; Estate liquidators and jewelry buyers seeking authenticated diamond and precious metal assessment; DIY and commercial contractors seeking discounted tools with warranty coverage; Musicians and music producers looking for new and used instruments from established brands. Individual outcomes vary based on your specific situation.
Key strengths: 3 in-house diamondologists verify jewelry authenticity and guarantee accuracy of descriptions; Diamond inventory ranging from $19 to $20,000+ provides options for multiple budgets; 31-day warranty on all pre-owned tools; manufacturer warranty on new tools. Areas to consider: Traditional pawn structure means 30% of pledged items are typically forfeited and lost by customers; Website contains outdated information (2015 copyright, incomplete sections, references to Twin Cities despite Maine location) suggesting limited maintenance.
In the Pawn Shops category, comparable providers include 14k Pawn, A Plus a Pawn Shop, A-Wise Loan & Jewelry. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
Coastal Trading & Pawn serves customers in 1 states including Maine. Confirm current service availability in your state directly with the provider.
Listed pricing for Coastal Trading & Pawn: monthly price: 0; setup fee: 0; money back guarantee: False. Pricing may change — verify current fees directly with the provider before signing any contract.
This is state-level context for Pawn Shops consumers in Maine. It does not confirm that Coastal Trading & Pawn or this specific location is licensed.
Payday lending in Maine: Restricted
Usury cap: 30% for supervised loans under $2,000; no specific payday loan statute
Maine does not have specific payday loan legislation but regulates consumer lending under its Consumer Credit Code with rate caps that make traditional payday lending impractical. The Bureau of Consumer Credit Protection enforces lending laws. Consumers can file complaints with the Bureau or the Attorney General.
Comparable Pawn Shops providers with similar service scope. Ratings reflect stored review context; verify current licensing and pricing directly before contracting.
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Coastal Trading & Pawn — Pawn Shops in Maine.
Overall rating: 3.8/5
Multi-location pawn shop chain across Maine offering collateral-based loans, jewelry, tools, instruments, and furniture. 6 stores with 30,000+ sq ft of inventory.
Common terms that come up when comparing Pawn Shops providers. Full glossary at creditdoc.co/glossary/.