How a Pawn Shop Works

We buy, sell, and pawn gold and consumer goods, offering the best rates in Junction City.

To “pawn” an item means to leave it in the custody of the store as collateral for a short-term cash loan. These loans can be repaid at any time. However, payment plus interest is due at one-month intervals.



Pawn Loans

These loans can be repaid at any time. However, interest is due at one-month intervals.

Interest for members of the Armed Forces is 3 percent per month; for anyone else, interest is 10 percent per month. This means that the APR for Armed Forces members is 36 percent per year; the APR for the general public is 120 percent per year.

For example, a member of the general public who pawns a gold ring for a loan of $100 on January 1st must return by February 1st to pay the principle of $100 plus the interest of $10 (a total of $110) in order to collect the ring. He may also elect to pay only the interest rate of $10 in order to extend the loan for another month. He may extend the loan in this manner indefinitely.

A member of the Armed Forces who pawns the same ring for the same loan of $100 on January 1st must still return by February 1st to retrieve the ring or extend the loan. To retrieve the ring, he must pay $103 (the principle of $100 plus 3 percent interest, or $3). To extend the loan for another month, he must only pay the $3 interest rate.

If the interest is not paid on an item within 90 days, we will place the item up for sale.


What We Buy, Sell, and Pawn

We have a large inventory of valuable goods for sale, and we're always interested in buying more. We look for any sort of valuable items, including:

  • Electronics, such as TVs, computers, tablets, and speakers
  • Gold, silver, diamonds, coins, jewelry, and other precious metals and stones
  • Musical instruments and equipment
  • Consumer goods like tools, bicycles, and more


Best rates and prices in town

We've been offering the best rates and prices in Junction City since 1958. 

If you bring in an item with a pawn ticket from one of our competitors, we'll beat their offer. 

Make Jack and Dick's Pawn Shop your first stop to get the best rates for your gold and valuables.