Yonkers Pawn Brokers is an established pawn shop operating two locations in Yonkers, New York—one on Saw Mill River Road and another on South Broadway. The company has built a reputation in Westchester County as a collateral-based lender focused on tangible valuables rather than personal credit history. Their business model centers on providing fast cash loans against jewelry, watches, coins, and antiques, as well as outright purchasing of unwanted items at competitive prices.
The company offers instant cash loans secured by personal valuables including jewelry, watches, old and rare coins, gold, silver, platinum, diamonds, and estate items. They explicitly do not pawn or sell electronics. Beyond lending, Yonkers Pawn Brokers provides check cashing and money services. Both locations maintain extended hours—the Saw Mill River Road location operates seven days a week (9am-6pm weekdays, later on Friday), while the South Broadway location closes Sundays. The business emphasizes appraisal services for unusual items and positions itself as competitive on loan amounts compared to other local pawnbrokers.
Yonkers Pawn Brokers differentiates itself through staff expertise in precious metals and jewelry evaluation, professional customer service positioning, and multi-location convenience across Yonkers. The company states it provides "the highest possible price" and "highest cash loan possible" for valuables, and advertises 10% bonus offers on loans and gold purchases. They claim Lloyd's of London insurance coverage. Customer testimonials highlight fair dealing, knowledgeable staff, professional treatment, and competitive offers relative to other local pawn shops.
As a traditional pawn shop, this business is best suited for consumers needing immediate cash against tangible collateral, particularly jewelry and precious metals. The main limitation is that this is a collateral-based lending model with implicit higher rates than traditional loans, and the borrower must own acceptable valuables. Like all pawn transactions, there is risk of losing collateral if the loan is not repaid.