Pawn Shop & Jewelry FAQ

A pawn loan is a short-term loan secured by an item you bring in as collateral. We evaluate the item, make you an offer, and if you accept, we keep the item safely stored while you repay the loan. Once it’s paid off, you pick up your item. If you choose not to repay the loan, the item stays with us and is resold, and there is no impact on your credit score.

When you pawn an item, you are using it as collateral for a loan. The goal is to get the item back after the loan is repaid. When you sell an item, you receive a one-time payment and the item becomes ours to resell. Some people prefer pawning if the item has sentimental value, while others choose to sell when they no longer want or need the item.

Common pawn items include gold and silver jewelry, Black Hills Gold, watches, certain electronics, tools, coins, and some collectibles. Condition, brand, and demand all matter. If you’re not sure, you can text photos to (605) 850-9455 or use our contact form to ask before you drive in.

No. Pawn loans are based only on the value of your collateral. We do not run credit checks for pawn loans, and pawn loans do not show up on your credit report.

Loan terms are explained when we write up your ticket and can vary depending on the amount and item. We review the due dates and options with you at the counter so you understand your time frame. If you have questions about a current loan, give us a call at (605) 845-3759.

In many cases, yes. As long as you stay in contact and pay the required charges on time, we can often work with you on extending or renewing a pawn loan. The exact options depend on the loan and item, so please call or stop in to talk through your situation.

If you’re unable to repay your pawn loan, the item stays with the shop and is resold. There is no collection activity and it does not affect your credit score. While we always encourage you to stay in touch if you’re having trouble, we understand that sometimes plans change and an item may simply need to move on.

No appointment is required — walk-ins are welcome during business hours. For large collections or estates, calling ahead can help us set aside time just for you so we can go through everything carefully without rushing the process.

We test the metal to confirm its karat, weigh it on a calibrated scale, and make an offer based on current market prices, purity, and condition. All testing is done where you can see it, and we explain each step so you know exactly how we arrived at the number before you decide whether to sell.

We buy most gold jewelry (even broken pieces), scrap gold, certain coins and bullion, and some estate pieces. Single earrings, damaged chains, and out-of-style pieces can all have value for their metal content. If you are unsure about something, bring it in or text photos to (605) 850-9455.

We can sometimes give general guidance based on photos and descriptions, but exact offers require in-person testing and weighing. Photos are still helpful, especially if you’re driving from out of town and want to know whether it’s worth bringing certain items.

Absolutely. You’re never required to sell. If the offer doesn’t feel right, you can take your items back and think it over with no pressure. We would rather have you feel good about your decision than feel rushed.

Yes. We offer ring sizing, including Black Hills Gold rings. Some sizing is done through trusted send-out partners and is fully insured, typically taking 7–14 business days. When you bring the ring in, we can talk through the timeline and any limitations for that specific style.

Yes. We can help with stone matching and stone replacement on many types of jewelry. Some jobs are sent out to specialized setters and are fully insured in transit. We’ll let you know what’s possible for your piece and provide an estimate before any work is done.

Yes — we offer cleaning and polishing to help bring your jewelry back to life. In many cases, a simple cleaning can make older pieces look new again. Stop into the shop and we’ll let you know what can be done and what to expect.

Yes. We can help design custom pieces, including Moissanite chains, rings, pendants, watches, bracelets, and earrings. We’ll go over metal choices, stone shapes and sizes, and budget so the piece feels right for you or the person you’re gifting it to.

We stand behind our repair work and want you to be happy with the result. If you have concerns after a repair, contact us or stop back in so we can take a look and talk through next steps.

Yes. Black Hills Gold is made from real gold in different alloys to create yellow, green, and rose colors. The designs are distinctive and often feature leaves, grape clusters, and nature-inspired details.

Yes. We can clean, inspect, and arrange sizing or stone replacement for Black Hills Gold pieces. Some work is sent out to Black Hills specialists and is shipped insured so your piece is protected throughout the process.

In many cases, yes. If you are looking for a specific style, ring size, or matching piece, we can often order it in or help you find something similar. Stopping in or sending reference photos is a good way to start that conversation.

Yes. We list a large part of our Black Hills Gold inventory on our eBay store. You can browse our current selection at Larsen’s Jewelry on eBay.

Our inventory changes constantly, but you’ll usually find gold and silver jewelry, Black Hills Gold, coins, select electronics, tools, and Native American beadwork and crafting supplies. We also often have unique one-of-a-kind items that come in through pawn or purchases, so it can be worth stopping by regularly if you like to browse.

In many cases, yes. Condition, age, and demand all matter when it comes to tools and electronics. If you’re not sure whether we’re interested, you can text photos and a brief description to (605) 850-9455 or stop by the shop for a quick look.

Yes, we buy and sell silver coins, rounds, bars, and certain sterling pieces. Availability changes based on what we have in stock on a given day. You can learn more on our Silver Bullion page or contact us to ask what is currently available.

In some cases, we may be able to work with you on layaway or split payments for certain jewelry items. Policy can vary depending on the piece and price point, so it’s best to ask in person or call to discuss what you have in mind.

Both. Jewelry and Black Hills Gold are often available on our eBay store, while other items are typically in-store only. If you see something online and want to know more, you can message us through eBay or reach out directly.

You can shop a large selection of our jewelry and Black Hills Gold on our eBay store at ebay.com/str/larsensjewelry. New items are added regularly, and listings include detailed photos and descriptions.

Yes. eBay provides secure checkout and buyer protections, and we provide clear photos and honest descriptions for each item we list. If you ever have a question about a listing, you can message us directly through eBay before purchasing.

In some cases, yes, depending on where the item is stored and whether it is already committed to an online buyer. Contact us with the link to the listing, and we’ll let you know if you can see it in the shop before purchasing or if it needs to stay in online inventory only.

We’re located at 211 N Main Street in Mobridge, SD. You can get directions using Google Maps. Look for Larsen’s Jewelry & Half Interest Pawn along Main Street.

We’re typically open Monday–Friday from 11:00am to 6:00pm and Saturday from 11:00am to 3:00pm. We’re closed on Sunday. Holiday hours may vary, so feel free to call ahead if you’re unsure.

Yes. You can text photos of your items to (605) 850-9455. For general questions, you can also call the shop at (605) 845-3759 or use our online contact form.

We do our best to respond the same business day. Messages sent after hours are usually answered the next business day. If your question is time-sensitive, calling during business hours is often the fastest way to get an answer.

Yes. For pawn loans and for many purchases, a valid government-issued ID is required, in line with local and state regulations. This helps protect both our customers and the community.

No. We follow all laws and reporting requirements and do not knowingly accept or purchase stolen property. If there is ever a question about an item, we cooperate with law enforcement as required.

Yes. You must be an adult with valid ID to enter into a pawn loan or sell items. If you have questions about what you need to bring, feel free to call before you come in.

The fastest options are to text photos to (605) 850-9455, call the shop at (605) 845-3759, or stop by in person during business hours. A quick conversation usually helps us point you in the right direction.