PAWN SHOP in Brooklyn, NY
IN Gold Corp. is a family-owned pawn shop in Brooklyn specializing in buying, selling, and lending on gold, silver, diamonds, platinum, and jewelry with 26+ years of industry experience.
Data compiled from public sources · Rating from CreditDoc methodology
PAWN SHOP Review
IN Gold Corp., doing business as IN Pawn Brokers, is a family-owned pawn shop operating in Brooklyn, New York for more than 26 years. The company has established itself in the jewelry industry with a focus on honest, professional service to customers needing immediate cash or looking to buy and sell precious metals and jewelry. The business operates two convenient locations in Brooklyn (2619 86th St and 2486 Coney Island Ave) and maintains a strong commitment to industry standards and customer transparency.
IN Gold Corp. offers three primary services: purchasing gold, silver, diamonds, and jewelry for cash on the spot; selling pre-owned jewelry and precious metals; and providing collateral-based pawn loans on these items. They advertise competitive pricing based on real-time precious metal prices, and new customers receive 0% interest for the first 30 days on pawn loans. All items are weighed and tested in front of customers using scales that are calibrated and certified by the New York City Department of Consumer Affairs. The company also employs a GIA (Gemological Institute of America) certified gemologist on staff.
What distinguishes IN Gold Corp. is their emphasis on transparency, customer protection, and industry credibility. They explicitly state that items are tested and weighed in front of customers, offer a 15-day hold guarantee with a 100% satisfaction guarantee allowing full refunds if customers are unsatisfied, and maintain memberships in the Jeweler's Vigilance Committee. They also comply with the Military Lending Act and clearly disclose the 36% interest cap for active-duty service members. The company positions itself as a family business that treats customer items with respect and provides friendly, reliable service.
However, there are honest limitations to consider. Pawn loans involve interest charges beyond the promotional 30-day period, and rates are not transparently disclosed on the website. As a collateral-based lender, this is a short-term financing option suitable only for customers who can afford to repay or are willing to forfeit items. The company does not offer traditional personal loans or credit-building services. While convenient for immediate cash, pawn lending should be viewed as a last resort, not a primary financial tool.
Services & Features
Feature Checklist
Pros & Cons
Pros
- 0% interest for first 30 days on pawn loans for new customers
- GIA-certified gemologist on staff ensures professional gem evaluation
- Scales certified and calibrated by NYC Department of Consumer Affairs for accuracy
- 100% satisfaction guarantee with 15-day hold period to reclaim items without loss
- Two convenient Brooklyn locations for accessibility
- Transparent process: items weighed and tested in front of customers
- Member of Jeweler's Vigilance Committee demonstrating industry credibility
- Explicit compliance with Military Lending Act (36% interest cap for active duty)
Cons
- Interest rates after promotional period are not disclosed on website, making true cost unclear
- Pawn loans are short-term solutions requiring repayment or forfeiture of collateral
- Limited to precious metals, jewelry, diamonds, and watches—no other collateral types accepted
- No online application or remote appraisal option; requires in-person visit to either location
- 15-day hold period creates time pressure for customers to repay loans
Rating Breakdown
Frequently Asked Questions
Is PAWN SHOP legitimate?
Yes. PAWN SHOP is a registered company, headquartered in 404 Utica Ave, Brooklyn, NY 11213.
Quick Facts
- Headquarters
- 404 Utica Ave, Brooklyn, NY 11213
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on PAWN SHOP
IN Gold Corp. is best for individuals with valuable jewelry, gold, or diamonds who need quick cash and have the ability to repay a short-term loan or are willing to sell their items outright. The main caveat is that pawn loans are inherently short-term financial products with interest charges after the promotional period—this should only be used as a last resort for immediate cash needs, not as a regular financing solution, and customers must be prepared to either repay the loan or lose their collateral.
Best For
- Individuals with valuable jewelry or precious metals who need immediate cash and can repay within 30-60 days
- Customers selling jewelry or gold for fair market value without the hassle of online marketplaces
- Active-duty military members seeking short-term loans with the 36% MAPR protection
- People seeking a quick cash alternative to payday loans or personal loans using collateral they own
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