Frequently asked Questions

What is the difference between Pawning and Selling?

Pawning is getting a loan. You bring in your personal item as collateral for a cash loan and you have 4 months to pay the loan back and retrieve your item. Selling is where you sell us your item outright and it becomes part of our store inventory.

How long is the loan period?

All loans are for 4 months with a 10 day grace period. You have the option to renew your loan at the end of the term for another 4 months. To renew a loan you must come in and pay the interest due and sign a new loan contract. You may renew your loan as many times as you need until you are ready to redeem it.

How do you evaluate my Gold, Silver, Coins and Jewelry?

We pay 80% of the *spot price of gold when you sell it to us. When you get a loan we typically loan up to 50% of the current spot price for gold. Diamonds are evaluated on an individual basis as long as they are 1/2ct. or larger.

* spot price is the current market value of gold, silver and other precious metals. You can check the spot price of gold by going to

How do you evaluate my non-jewelry items (electronics, bikes, etc.)?

One of our highly trained associates will work with you to make sure you are getting a fair loan based on the current market value of your item. We mainly use the internet to research what your item has currently sold for on various auction sites. We feel that auction sites represent a fair market value reflecting what the public is willing to pay for said item.

Is my property safe with you?

Your items are treated with the utmost respect while in our possession. Valuable items are locked in a secure vault for the duration of the loan period and are left untouched until you come back to get them.

Why should I borrow from a pawn shop?

Pawnshops offer you a quick, convenient and confidential way to borrow cash money. Short term cash needs can be met with no credit check or legal consequences if the loan is not repaid. When a customer pawns an item they sign a legal contract stating the item that was pawned and the terms and conditions of the loan.

What is the difference between buying at a pawnshop and buying at a retail store?

Mainly price! Pawnshops can offer you the same quality merchandise ranging from 1/3 to 3/4 off retail prices. Pawnshops are an excellent place to find great deals on Gold, Diamonds, Musical Instruments, Electronics, Video Game Systems, Cameras & Much Much More! Make a fair offer; most prices are negotiable and we never turn down a good offer!

Come To R&J Jewelry

  • Conveniently Located Downtown San Jose
  • Larger Payouts Than Any Other Shop
  • In Business Since 1978
  • Friendly & Knowledgeable Staff
  • Lowest Jewelry Prices In The Bay Area