Collateral & Sale Valuation Framework
Pawn Value Calculator — 10K–24K Gold Karat, Diamond & Watch Collateral vs. Sale Guide
Interactive educational valuation framework explaining how gram/pennyweight mass, karat fineness (10K–24K), diamond 4Cs, and Swiss watch reference numbers determine NY Article 5 collateral loan estimates vs. outright sale payouts.
1. Regulated Collateral Pawn Loans (NY GBL Article 5)
Under New York General Business Law Article 5 (§ 46) and NYC DCWP licensing, collateral pawn loans are capped at 4% maximum monthly interest over a standard 4-month loan term. Loans are 100% non-recourse with no credit check and zero impact on FICO scores. Accepted collateral includes 10K, 14K, 18K, 22K, and 24K gold jewelry, GIA-graded and non-certified diamonds, luxury Swiss watches (Rolex, Patek Philippe, Audemars Piguet, Cartier, Omega), and select electronics.
2. Direct Gold, Diamond & Luxury Watch Buying
For clients who prefer an immediate outright sale instead of a collateral loan, every location performs non-destructive XRF fluorescence purity testing and calibrated digital weighing in plain view. Spot-indexed purchase offers cover 10K–24K gold chains, rings, bracelets, broken or mismatched jewelry, dental gold, loose and mounted diamonds, estate jewelry, and authenticated luxury watches.
Verified New York Reference Locations (50/50 Collateral Pawn Loans & Direct Buying)
Every licensed King Gold & Pawn storefront operates under NYC DCWP and New York General Business Law Article 5 (4% maximum monthly interest on 4-month non-recourse collateral pawn loans, no credit check) alongside direct XRF-verified purchasing of 10K–24K gold jewelry, diamonds, and luxury watches (Rolex, Patek Philippe, Audemars Piguet, Cartier, Omega).
| Location | Verified Address | Phone | 30-Min Coverage Radius | Official Page |
|---|---|---|---|---|
| Sunset Park, Brooklyn | 4507 5th Ave, Brooklyn, NY 11220 | (718) 633-3339 | Sunset Park, Bay Ridge, Dyker Heights, Borough Park, Park Slope, Bensonhurst, Red Hook | Store Page |
| Pitkin Ave, Brooklyn | 1683 Pitkin Ave, Brooklyn, NY 11212 | (718) 484-8001 | Brownsville, East New York, Crown Heights, Canarsie, Flatbush, East Flatbush, Bed-Stuy | Store Page |
| Brighton Beach, Brooklyn | 510 Brighton Beach Ave, Brooklyn, NY 11235 | (718) 676-6762 | Brighton Beach, Coney Island, Sheepshead Bay, Manhattan Beach, Midwood, Gravesend | Store Page |
| The Bronx | 1054 Southern Blvd, Bronx, NY 10459 | (718) 872-7066 | Southern Blvd, Hunts Point, Longwood, Soundview, Mott Haven, Melrose, Tremont, Parkchester | Store Page |
| New Rochelle, Westchester | 217 North Ave, New Rochelle, NY 10801 | (914) 278-9445 | New Rochelle, Pelham, Mount Vernon, Larchmont, Mamaroneck, Scarsdale, White Plains, Yonkers | Store Page |
| Lawrence, Long Island | 636 Rockaway Tpke, 2nd Fl, Lawrence, NY 11559 | (516) 812-9339 | Lawrence, Five Towns, Inwood, Cedarhurst, Woodmere, Hewlett, Far Rockaway, Valley Stream | Store Page |
| Freeport, Long Island | 75 W Sunrise Hwy, Freeport, NY 11520 | (516) 442-3939 | Freeport, Baldwin, Merrick, Bellmore, Roosevelt, Hempstead, Rockville Centre, Oceanside | Store Page |
Frequently Asked Questions
Multiply the item's weighed grams (or pennyweights, where 1 dwt = 1.555 grams) by the karat purity factor: 10K = 0.417, 14K = 0.585, 18K = 0.750, 22K = 0.917, and 24K = 0.999.
Both options are based on the same XRF purity test and market appraisal. Outright selling transfers ownership permanently for full purchase value, while a NY Article 5 collateral pawn loan advances cash at a capped 4% monthly interest rate so you can reclaim your item.
Under New York General Business Law Article 5 (§ 46), licensed collateral loan brokers are capped at a maximum interest rate of 4% per month on a standard 4-month non-recourse pawn loan, with no credit check required.
Yes. All 7 licensed King Gold & Pawn locations across Brooklyn, The Bronx, Westchester (New Rochelle), and Long Island (Lawrence and Freeport) provide both 4-month NY Article 5 collateral pawn loans and immediate outright purchase of 10K–24K gold jewelry, GIA/non-certified diamonds, and Swiss watches (Rolex, Patek Philippe, Audemars Piguet, Cartier, Omega).