Services at Larsen's in Mobridge, SD
Pawn loans, cash for gold and silver, jewelry and watch repair, Black Hills Gold, silver bullion, coins, consignment, layaway and second-hand retail — all at one counter at 211 N Main Street.
What We Publish Up Front
Most pawn shops won't give you a number until you're standing at the counter. These are ours, in public, before you drive in.
South Dakota allows up to 50% per 30 days and most shops charge it. Borrow $100 here and you repay $125, not $150. Roughly a 300% APR. That is where the name comes from. Full rate details →
Any watch, any value, same price. Most are done while you wait. Watch repair →
Flat 40% to us on everything. No sliding scale, no listing fee, no time limit. How it works →
No fees and no fixed end date. A payment within 30 days starts another 30. Applies to custom orders too. Jewelry store →
Based on the item, not your credit score, and never reported to credit bureaus — not at the start, not during, and not if you choose not to redeem.
Gold and silver are tested and weighed in front of you and the offer explained before you decide. No obligation to sell. Cash for gold →
Gold and silver are quoted daily rather than posted, because metal prices move every day. Jewelry repair is quoted per item after inspection — the same repair varies with the metal, the condition and how the piece is built. Repair costs and timelines →
All Services
Pawn & Sell
- Same-day pawn loans — 25% / 30 days
- What we pawn — and what we don't
- Cash for gold & silver
- Diamond & estate jewelry buying
- Consignment — you keep 60%
Jewelry & Repair
- Jewelry repair — sizing, chains, stones
- Watch batteries & repair — $10 flat
- Jewelry store — and layaway
- Black Hills Gold
- Shop vintage Black Hills Gold — online, free 30-day returns
Metals, Coins & Retail
Not sure which one you need? Text 2–4 photos to (605) 850-9455 and we'll tell you which side of the counter your item belongs on.
Consignment — You Keep 60%
Some pieces are worth more sold properly than sold quickly. Consignment sits between taking a cash offer today and selling it yourself: we put it on the floor, we find the buyer, you keep 60% of whatever it sells for.
The split, plainly
You keep 60%. We keep 40%. Flat, on everything, regardless of what the piece is or what it sells for. No sliding scale, no listing fee — so you can work out your share before you hand it over.
No clock on it
Most consignment runs 60, 90 or 120 days, after which the piece is discounted, mailed back, or becomes the shop's. We don't do that. Yours stays as long as you want, and you can collect it any day we're open, for any reason, owing nothing.
Why it often nets more
A cash offer is built from what the piece is made of, because the buyer carries the risk. Consignment flips that — it sells at retail to an actual customer and you take 60% of that number. It pays when it sells, not today.
Works best for jewelry, watches, coins, collectibles and quality tools. Bring the piece and a valid photo ID; original box or paperwork helps it sell. Not sure whether yours is a consignment or a cash-offer piece? Text photos to (605) 850-9455. Weighing a pawn loan against an outright sale instead? Pawn vs. sell compares the two, with consignment as the third option.
Services FAQ
Do you need an appointment at Larsen's in Mobridge?
No appointment is required for most visits. Walk-ins are welcome any time we are open. For large estates, collections, or specific inventory questions, calling ahead is a good idea.
What does Larsen's publish up front?
Pawn loans are 25% per 30 days - half South Dakota's legal maximum of 50%, so $100 borrowed is $125 repaid rather than $150 (roughly a 300% APR). Watch batteries are $10 flat, at any watch value. Consignment is a flat 60/40 split in your favour with no time limit. Layaway is 20% down with no fees and no fixed end date. Pawn loans need no credit check and are not reported to credit bureaus. Testing, weighing and evaluation are free, with no obligation to sell. Gold and silver move with the metal market, so those are quoted at the counter on the day.
Where can I sell gold or silver in Mobridge, SD?
At Larsen's Jewelry & Half Interest Pawn at 211 N Main St. We buy gold, silver, broken jewelry, class rings, sterling silver, coins, bullion, and select estate pieces. A cash offer is built from metal content, tested and weighed in front of you. Final offers are confirmed in-store.
Does Larsen's take items on consignment?
Yes. You leave the piece with us, we sell it on the floor, and you keep 60% of the final sale price. Our commission is a flat 40% on everything, regardless of what the item is or what it sells for - no sliding scale and no separate listing fee. There is also no time limit: your piece stays as long as you want it there, and you can come collect it any day we're open without owing anything. It is usually the better route for a piece worth more at retail than as metal. Jewelry, watches, coins, collectibles and quality tools tend to work best. Bring the piece and a valid photo ID.
Can I buy used items at Larsen's?
Yes. A pawn shop works both directions - items come in as collateral or outright sales, and what isn't reclaimed goes out on the floor. Tools, electronics, instruments, jewelry and gear are priced below new because they aren't new. Stock changes weekly, so it's worth a look each visit.
Need Help Choosing?
211 N Main St, two blocks south of US-12. Walk in, call, or text photos first.
Bring a valid government photo ID for any pawn or sale, and bring whatever came with the item — chargers, cases, papers, matching pieces. Call ahead for specific inventory, and text photos first if you're driving in from Selby, McLaughlin, Timber Lake, Herreid, Gettysburg, Pollock, Eagle Butte or Fort Yates.