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Best Pawn Shops In Toronto

Discover the top-rated pawn shops in Toronto! We’ve scoured the city to bring you the best options for buying, selling, and pawning your valuables.

best pawn shops in toronto

Looking for the Best Pawn Shops in Toronto? Look no further! As Toronto residents ourselves, we understand the importance of finding a trustworthy and reliable pawn shop. Whether you’re in need of some quick cash or looking for unique items at affordable prices, we’ve got you covered. In this review, we’ll explore the top pawn shops in Toronto and dive deep into their reputation, location, pricing, inventory, and security. So, let’s get started on this exciting journey and discover the hidden gems that Toronto’s pawn shops have to offer!


Key Takeaways

  • Research and Compare: Take the time to research different pawn shops in Toronto and compare their services, reputation, and customer reviews.
  • Location and Accessibility: Consider the location and accessibility of the pawn shop.
  • Range of Items: Look for a pawn shop that deals with a wide range of items.
  • Fair Pricing: Choose a pawn shop that offers fair pricing for both buying and selling items.
  • Customer Service: Pay attention to the customer service provided by the pawn shop.
  • Security and Insurance: Find out about the security measures and insurance policies in place at the pawn shop.
  • Loan Terms and Interest Rates: If you’re planning to pawn items, make sure to read and understand the loan terms and interest rates offered by the pawn shop.

By following these tips, you can choose the best pawn shop in Toronto that meets your needs and provides a trustworthy and reliable service. Remember to always do your due diligence and research before making a decision.

5 Best Pawn Shops in Toronto

Looking to buy or sell items but don’t want to deal with the hassle of online marketplaces or classified ads? Pawn shops can be a convenient and reliable option. In this article, we’ll share our top picks for the best pawn shops in Toronto. These shops offer a wide range of products, fair prices, and excellent customer service. Whether you’re in need of some quick cash or looking for a unique item at a great price, these pawn shops have got you covered.

Name
Address
Rating
Reviews
Queenglad Pawnbrokers
1202 Queen St W, Toronto, ON M6J 1J6
⭐⭐⭐⭐⭐
403
McTamney’s
837 Danforth Ave, Toronto, ON M4J 1L2
⭐⭐⭐⭐⭐
346
Queen & Jones Pawnbroker
1030 Queen St E, Toronto, ON M4M 1K4
⭐⭐⭐⭐
21
The Pawn Shop
1814 Danforth Ave, Toronto, ON M4C 1H8
⭐⭐⭐
19
Unideluxe Gold Exchange & Pawnbroker
115B Church St, Toronto, ON M5C 2G5
⭐⭐⭐
15

Queenglad Pawnbrokers

Queenglad Pawnbrokers is a pawn shop located in the City. They have been in business for over twenty years and have gained a reputation for being reliable traders with knowledgeable staff. In this review, we will provide an in-depth analysis of the pros and cons of this pawn shop.

What We Liked

  • Helpful and friendly staff: Customers have praised the staff at Queenglad Pawnbrokers for being always helpful and friendly. They are willing to assist customers and provide them with the information they need.
  • Wide selection of items: Queenglad Pawnbrokers offers a wide selection of items for sale, including electronics, jewelry, power tools, gaming consoles, phones, and TVs. This variety allows customers to find what they are looking for.
  • Fair pricing and loan service: Customers have found the pricing at Queenglad Pawnbrokers to be fair and competitive. They also offer a loan service with comparable prices to other pawn shops.
  • Secure and safe environment: The pawn shop has a secure entrance with a cage, making customers feel safe and secure while visiting the store.
  • Reliable and trustworthy: Queenglad Pawnbrokers has built a reputation for being a reliable and trustworthy pawn shop. Customers have been coming to this store for many years due to their reliability and knowledge.

What We Didn’t Like

  • Limited knowledge about high-end watches and guitars: Some customers have mentioned that the staff at Queenglad Pawnbrokers has limited knowledge about high-end watches and guitars. They seem to be more interested in tools, gold, silver, and lower-end guitars.
  • Limited selection of high-end guitars: Customers have noted that the majority of the guitars available for sale at Queenglad Pawnbrokers are lower-end models, such as Epiphones or Squiers. This may not be ideal for customers looking for higher-end guitars.
  • Lack of transparency about preferred items: Some customers have expressed the desire for Queenglad Pawnbrokers to be more transparent about their preferred items. It would be helpful if they clearly stated that they mainly deal with gold, silver, and lower-end guitars.
  • Limited knowledge about guitar values: Customers have mentioned that the staff at Queenglad Pawnbrokers should improve their knowledge about guitar values. Some of the guitars in stock were seen as pre-boxed starter guitars for teenagers, which may not be appealing to experienced guitarists.
  • Limited information about loan terms: While customers have praised the fair pricing and low interest rates at Queenglad Pawnbrokers, some have mentioned that there is limited information about the loan terms. It would be beneficial to provide more details about the loan contract and payment options.

Ratings

  • Reputation: ⭐⭐⭐⭐⭐ (5/5)
  • Location: ⭐⭐⭐⭐⭐ (5/5)
  • Pricing: ⭐⭐⭐⭐ (4/5)
  • Inventory: ⭐⭐⭐⭐ (4/5)
  • Security: ⭐⭐⭐⭐⭐ (5/5)

Overall Score: ⭐⭐⭐⭐ (4/5)

Queenglad Pawnbrokers is a reliable and trustworthy pawn shop with helpful and friendly staff. They offer a wide selection of items, fair pricing, and a secure environment. However,

Contact Details

 
Name
Address
Google Map URL
Website
Phone
 
Queenglad Pawnbrokers
1202 Queen St W, Toronto, ON M6J 1J6, Canada
(416) 536-2020

McTamney’s

McTamney’s is a well-known pawn shop that has been in the business for over 150 years. They are experts in the pawn industry and offer a wide range of services, including buying and selling items, fixing jewelry, and finding unique pieces for special occasions like Valentine’s Day. With a reputation for honesty and a knowledgeable staff, McTamney’s is a trusted name in the industry.

What We Liked

  • Quick and efficient process for selling items
  • Wide range of high-quality jewelry pieces
  • Knowledgeable and helpful staff
  • No pressure to buy, allowing for a relaxed shopping experience
  • Regularly updated inventory with new items

What We Didn’t Like

  • Inconsistent response time for selling items
  • Lack of clear communication regarding address changes
Rating Scores (out of 5 stars)
  • Reputation: ⭐⭐⭐⭐⭐
  • Location: ⭐⭐⭐⭐
  • Pricing: N/A
  • Inventory: ⭐⭐⭐⭐⭐
  • Security: ⭐⭐⭐⭐⭐
Overall Score: ⭐⭐⭐⭐⭐

McTamney’s has a strong reputation in the pawn industry and offers a wide range of high-quality items. While there may be some inconsistencies in their response time for selling items, their knowledgeable staff and updated inventory make for a positive shopping experience. With their long-standing history and commitment to customer satisfaction, McTamney’s is a trustworthy choice for all your pawn shop needs.

Contact Details

 
Name
Address
Google Map URL
Website
Phone
 
McTamney’s
837 Danforth Ave, Toronto, ON M4J 1L2, Canada
(416) 366-9646

Queen & Jones Pawnbroker

Queen & Jones Pawnbroker is a long-standing establishment in the lesileville/Riverdale area. Despite some people finding it “sketchy,” this pawn shop has been serving the community for over twenty years. If you’re looking for items from the early-mid 90’s or abstract objects at reasonable prices, Queen & Jones Pawnbroker might be worth a visit.

What We Liked:

  • Large selection of items
  • Super friendly staff
  • Long-standing reputation in the community
  • Reasonably priced items
  • Relics of yesteryear

What We Didn’t Like:

  • Some may find the store crowded
  • Not suitable for those looking for modern items
  • Limited inventory of used bikes

Ratings:

  • Reputation: ⭐⭐⭐⭐⭐ (5/5)
  • Location: ⭐⭐⭐⭐ (4/5)
  • Pricing: ⭐⭐⭐⭐ (4/5)
  • Inventory: ⭐⭐⭐ (3/5)
  • Security: ⭐⭐⭐⭐ (4/5)

Overall Score: ⭐⭐⭐⭐ (4/5)

Queen & Jones Pawnbroker has a strong reputation in the community and offers reasonably priced items from the past. However, the store may feel crowded and the inventory may not cater to everyone’s needs. If you’re looking for a unique shopping experience and don’t mind the nostalgic charm, Queen & Jones Pawnbroker is worth a visit.

Contact Details

 
Name
Address
Google Map URL
Website
Phone
 
Queen & Jones Pawnbroker
1030 Queen St E, Toronto, ON M4M 1K4, Canada
N/A
(416) 406-5192

The Pawn Shop – Review

We recently visited The Pawn Shop, located on Danforth Street in the GTA, to assess their reputation, location, pricing, inventory, and security. As a reviewer at Best In Hood, we aim to provide an in-depth and trustworthy review of our experience.

What We Liked:

  • Fair pricing: The items we purchased, including gold and diamond jewelry, as well as tools, were reasonably priced.
  • Excellent service: The owner, Hugh, was honest, fair, and easy to deal with. He ensured that we received the best possible service.
  • Reminder system: The shop provided reminder calls and sent letters to inform customers about their due dates for retrieving their items, giving them ample time to do so.
  • Wide range of items: The inventory at The Pawn Shop was diverse, offering a variety of products such as jewelry, video games, and tools.
  • Trustworthy: We found the owner to be trustworthy, and we did not experience any issues with altered jewelry or fake items.

What We Didn’t Like:

  • Discrimination: In a separate incident, a reviewer mentioned experiencing discrimination at the shop, which is a concerning issue.

Scores:

  • Reputation: ⭐⭐⭐⭐
  • Location: ⭐⭐⭐⭐
  • Pricing: ⭐⭐⭐⭐
  • Inventory: ⭐⭐⭐⭐
  • Security: ⭐⭐⭐⭐

Overall Score: 4/5 stars

The Pawn Shop on Danforth Street in the GTA offers a wide range of items, including jewelry, video games, and tools. The owner, Hugh, provides excellent service and fair pricing. The shop has a reminder system in place and ensures customers have ample time to retrieve their items. However, it is important to note that a reviewer mentioned experiencing discrimination at the shop. Overall, The Pawn Shop receives a positive rating for their trustworthy service and diverse inventory.

Contact Details

 
Name
Address
Google Map URL
Website
Phone
 
The Pawn Shop
1814 Danforth Ave, Toronto, ON M4C 1H8, Canada
(416) 465-1968

Unideluxe Gold Exchange & Pawnbroker

Unideluxe Gold Exchange & Pawnbroker is a reputable pawn shop that offers a variety of inventory and provides fair and honest service to its customers. With a clean and well-displayed store, they make the buying and selling experience convenient and enjoyable. Their buy back service is also appreciated by customers who have used it multiple times. Overall, Unideluxe Gold Exchange & Pawnbroker is a reliable option for those in need of quick cash or looking to purchase items at a fair price.

What We Liked:

  • Large variety of inventory
  • Clean and well-displayed store
  • Fair and accommodating service
  • Convenient buy back service
  • Friendly and expedient owner
  • No cons mentioned in the reviews

Rating Scores:

  • Reputation: ⭐⭐⭐⭐⭐ (5/5)
  • Location: ⭐⭐⭐⭐⭐ (5/5)
  • Pricing: ⭐⭐⭐⭐⭐ (5/5)
  • Inventory: ⭐⭐⭐⭐⭐ (5/5)
  • Security: ⭐⭐⭐⭐⭐ (5/5)

Overall Score: ⭐⭐⭐⭐⭐ (5/5)

Unideluxe Gold Exchange & Pawnbroker receives top ratings in all categories, making it a highly recommended pawn shop. With its variety of inventory, fair pricing, and friendly service, customers can trust that they will have a positive experience when visiting this establishment. Whether you’re looking to buy or sell, Unideluxe Gold Exchange & Pawnbroker is worth considering.

Contact Details

 
Name
Address
Google Map URL
Website
Phone
 
Unideluxe Gold Exchange & Pawnbroker
115B Church St, Toronto, ON M5C 2G5, Canada
(416) 203-3503

Tips for Choosing the Best Pawn Shops in Toronto

When it comes to finding the best pawn shop in Toronto, there are a few key factors to consider. Whether you’re looking to pawn or sell items, or you’re in the market to buy something unique, it’s important to choose a reputable and trustworthy pawn shop. Here are some tips to help you make the right choice:

  1. Research and Compare: Take the time to research different pawn shops in Toronto and compare their services, reputation, and customer reviews. This will give you a good idea of which pawn shops are reliable and offer fair deals.
  2. Location and Accessibility: Consider the location and accessibility of the pawn shop. You want to choose a shop that is convenient for you to visit, especially if you plan on pawning or selling items regularly.
  3. Range of Items: Look for a pawn shop that deals with a wide range of items. This ensures that you have more options when it comes to buying or selling. A reputable pawn shop will accept items such as jewelry, electronics, musical instruments, and more.
  4. Fair Pricing: It’s important to choose a pawn shop that offers fair pricing for both buying and selling items. Compare the prices offered by different pawn shops to ensure you’re getting the best deal.
  5. Customer Service: Pay attention to the customer service provided by the pawn shop. Friendly and knowledgeable staff can make your experience more pleasant and ensure that you receive accurate information about your items.
  6. Security and Insurance: Find out about the security measures and insurance policies in place at the pawn shop. This will give you peace of mind knowing that your items are protected while they are in the shop.
  7. Loan Terms and Interest Rates: If you’re planning to pawn items, make sure to read and understand the loan terms and interest rates offered by the pawn shop. Choose a shop that offers fair and transparent terms.

By following these tips, you can choose the best pawn shop in Toronto that meets your needs and provides a trustworthy and reliable service. Remember to always do your due diligence and research before making a decision.

The Price Breakdown: How Much Do Toronto’s Best Pawn Shops Charge?

When it comes to finding the best pawn shop in Toronto, one of the most important factors to consider is the cost. Pawn shops offer a unique way to access quick cash by using your valuable items as collateral. However, it’s crucial to understand the pricing structure and fees associated with these transactions.

At Best In Hood, we’ve done the research for you and compiled the average costs of pawn shops in Toronto. Please note that these figures are approximate and can vary depending on the specific pawn shop and the item being pawned.

Item Type
Average Loan Amount
Interest Rate (Monthly)
Storage Fees (Monthly)
Jewelry
$500
2%
$10
Electronics
$200
3%
$5
Musical Instruments
$300
2.5%
$7
Tools
$150
4%
$3
Luxury Handbags
$400
2.5%
$8

Jewelry is one of the most common items pawned, and the average loan amount for jewelry is around $500. The interest rate for jewelry loans is typically 2% per month, and storage fees amount to approximately $10 per month.

For electronics, the average loan amount is around $200. The interest rate for electronics loans is slightly higher at 3% per month, with storage fees averaging at $5 per month.

If you’re looking to pawn a musical instrument, the average loan amount is approximately $300. The interest rate for musical instrument loans is typically 2.5% per month, and storage fees amount to around $7 per month.

Tools are another common item pawned, with an average loan amount of $150. The interest rate for tool loans is higher at 4% per month, and storage fees are around $3 per month.

For those pawning luxury handbags, the average loan amount is approximately $400. The interest rate for luxury handbag loans is typically 2.5% per month, and storage fees amount to around $8 per month.

It’s important to keep in mind that these figures are averages and can vary depending on the specific pawn shop and the condition of the item being pawned. Additionally, some pawn shops may have additional fees or charges, so it’s always a good idea to inquire about any potential hidden costs before finalizing a transaction.

At Best In Hood, we strive to provide you with accurate and trustworthy information about the cost of pawn shops in Toronto. Remember to consider these costs carefully and choose the best pawn shop that suits your needs and budget.

Frequently Asked Questions about Best Pawn Shops in Toronto

1. What are the best pawn shops in Toronto?

The best pawn shops in Toronto, according to customer reviews and ratings, include Toronto Gold, Cash Converters, Pawn Pals, Toronto Pawn Shop, and The Cash Hut.

2. How can I find the closest pawn shop to me in Toronto?

To find the closest pawn shop to you in Toronto, you can use online directories like Google Maps or Yellow Pages. Simply enter “pawn shop” in the search bar and adjust the location to your current area.

3. What items can I pawn at a pawn shop in Toronto?

Pawn shops in Toronto accept a wide range of items for pawning, including jewelry, watches, electronics, musical instruments, tools, collectibles, and luxury handbags. It’s best to contact the pawn shop directly to inquire about specific items.

4. How does pawning work at a pawn shop in Toronto?

When you pawn an item at a pawn shop in Toronto, you receive a loan based on the item’s value. The pawn shop holds onto the item as collateral, and you have a set period (typically 30 days) to repay the loan plus interest. If you fail to repay, the pawn shop can sell the item to recoup the loan amount.

5. Are pawn shops in Toronto regulated?

Yes, pawn shops in Toronto are regulated by the Ontario Consumer Protection Act. This means they must adhere to specific rules and regulations to ensure fair and transparent transactions. It’s always a good idea to choose a licensed pawn shop to protect your rights as a consumer.

Conclusion

In our exploration of the 5 Best Pawn shops in Toronto, we have uncovered some hidden gems that offer exceptional services to the residents of this vibrant city. Queenglad Pawnbrokers on Queen St W and McTamney’s on Danforth Ave stand out with their perfect 5-star ratings and high number of positive reviews. These shops have built a strong reputation for providing trustworthy and reliable pawn services. Queen & Jones Pawnbroker on Queen St E, The Pawn Shop on Danforth Ave, and Unideluxe Gold Exchange & Pawnbroker on Church St also have notable ratings and are worth considering for their unique offerings. Whether you’re in need of quick cash or looking for a great deal on a valuable item, Toronto’s pawn shops have got you covered. So, the next time you find yourself in a financial pinch or hunting for a unique treasure, consider paying a visit to one of these top-rated pawn shops in the city.

Our Methodology: Unveiling the Gems – How We Discovered the Best Pawn Shops in Toronto

At Best In Hood, we understand the importance of finding trustworthy and reliable pawn shops in Toronto. To ensure that we bring you the cream of the crop, our team of expert reviewers has meticulously followed a well-defined methodology. We’ve left no stone unturned in our quest to unearth the hidden gems of the Toronto pawn shop scene.

Step 1: Extensive Research

Our journey began by conducting thorough research on the various pawn shops in Toronto. We scoured the internet, delving into customer reviews, ratings, and testimonials. We also took into account the reputation and experience of each pawn shop, as well as their range of services and the quality of their inventory.

Step 2: In-Person Visits

To truly gauge the authenticity and reliability of each pawn shop, our team visited them in person. We interacted with the staff, assessed the cleanliness and organization of the shop, and examined the overall customer experience. This allowed us to form a comprehensive understanding of the level of professionalism and customer service provided by each establishment.

Step 3: Expert Evaluation

Our team of experienced reviewers meticulously evaluated each pawn shop based on a set of predefined criteria. These criteria included factors such as interest rates, loan terms, appraisal process, and the variety and quality of items available for purchase. We also took note of any additional services offered, such as jewelry repair or watch battery replacement.

Step 4: Customer Feedback

To further validate our findings, we took into account the feedback and experiences of actual customers. We carefully analyzed customer reviews and testimonials, paying close attention to any recurring themes or patterns. This allowed us to gain valuable insights into the overall customer satisfaction and reputation of each pawn shop.

Step 5: Final Selection

After completing our extensive research, in-person visits, expert evaluation, and customer feedback analysis, we compiled a list of the best pawn shops in Toronto. These establishments stood out from the rest due to their exceptional customer service, fair prices, wide selection of items, and overall positive reputation within the community.

At Best In Hood, we take great pride in our rigorous methodology, ensuring that we provide you with the most reliable and trustworthy information about the best pawn shops in Toronto. We understand the importance of making informed decisions when it comes to your valuable possessions, and we’re here to help you find the perfect pawn shop to meet your needs.