Pawnbroker · Gold Buyer · North Shore
Cash in hand today.
No credit check, ever.
Since 1930, Sherman Loan Company — the North Shore's largest and oldest pawnshop — has served Lynn with instant collateral loans and honest prices for gold, silver, diamonds, and bullion. Bring in what you own. Walk out with cash.
4 Freeman Square, Lynn MA — Mon–Fri 10am–5pm — Next to the Mosaic Apartments, across from Lynn Community Health Center
We pay $—/g for 14K gold at our 90%+ volume rate
Calculate your payoutUsually replies the same day
Reach out — we're glad to help.
Send us a note about what you have or what you'd like to know, and we'll get right back to you by phone or email.
Prefer the calculator or a call? See what your gold is worth · (781) 598-4567
Sell it · Pawn it
One counter. Two ways to walk out with cash.
Every visit starts the same: your item is weighed and tested right in front of you. Then the choice is yours — sell it outright for our top payout, or borrow against it and keep ownership.
Path one — sell
Sell it outright
- 90%+ of melt value on lots over $1,000
- Cash in hand the same visit, in any condition
- Best for broken jewelry, scrap, estates, and pieces you've outgrown
Path two — pawn
Pawn it — it stays yours
- Borrow against it in minutes — no credit check, nothing on your credit
- Four-month ticket, renewable as many times as you need — plus a minimum one-month grace period
- Best for heirlooms, watches, and pieces you want back
Not sure which? Bring it in — we'll quote you both numbers on the spot, no obligation.
Either way, we take it all — in any condition, every karat, every amount
Gold jewelry — any karat
8K through 24K, broken or not. Chains, rings, bracelets, charms, class rings, sports rings — and dental gold.
Coins & bullion
Bars, rounds, and coins bought at honest margins off live spot. The bigger the holding, the better your rate.
Watches
Fine and luxury timepieces evaluated on the spot — running or not, with or without box and papers.
Sterling & flatware
Sterling silver flatware, tea sets, and hollowware — weighed, tested, and priced piece by piece.
Diamonds & platinum
Loose stones, engagement rings, and platinum settings — appraised in front of you, never out of sight.
Antique & estate pieces
Settling an estate? We evaluate entire lots piece by piece and pay the same day, with a clear accounting.
Payout calculator · Our prices
Know your number — before you walk in.
Weigh your gold at home and estimate your payout with today's live spot price. The same honest appraisal sets what you can borrow against it.
Updates automatically from the live feed — you can adjust it. Mixed karats? Run each separately and add them up; the 90% volume rate applies once your combined melt passes $1,000.
Don't want to sell? Borrow against the same lot instead — your payout number is also your starting point for a pawn loan.
| Karat | Under $1,000 (85%) | $1,000+ lots (90%+) |
|---|---|---|
| 10K | — | — |
| 14K | — | — |
| 18K | — | — |
| 22K | — | — |
| 24K | — | — |
Estimates use the live gold spot price and standard karat purities. Your final offer is made in person after we verify weight and purity on our Niton XL2 XRF analyzer — no scratching, no cutting. Spot prices move throughout the day.
We publish our rates. Most buyers won't.
Buying gold at volume is our business — so the bigger the lot, the better your rate.
Pawn loans
Borrow against what you own — in minutes.
We hold an item you own and lend you money against it. No credit check, no background check, and the loan never appears on your credit. Borrow as much as you like, as many times as you need.
Bring in your item
Gold, silver, platinum, diamonds, watches, coins, or bullion — in any condition. We appraise it on the spot. Just bring a valid government-issued photo ID.
Walk out with cash
We lend you money instantly against your item and write a four-month pawn ticket. Special terms available for larger loans.
Redeem or renew
Within four months, repay the loan plus fees to get your item back — or pay just the fees to renew for another four months. Pay down the balance any time.
Thermo Scientific Niton XL2 XRF Analyzer
Lab-result accuracy,
in seconds.
Exact purity read on our Niton XL2 XRF analyzer — no acid, no filing, no scratching. Watch every test happen at the counter; your gold never leaves your sight.
Common questions
Most gold buyers pay 50–70% of melt value. We pay 85% on any lot, and a minimum of 90% on lots worth $1,000 or more in melt — use our payout calculator above to estimate yours with today's live spot price.
Two reasons: low overhead and volume. We don't spend big on advertising — most of our customers come through referrals and word of mouth — so that cost never comes out of your offer. And buying gold in volume is our core business: we take a thinner margin on each lot and make it up on quantity. More lots, smaller cut, better payout for you.
We hold an item you own — gold, jewelry, coins, a watch — and lend you cash against it instantly. You have four months to redeem it by repaying the loan plus fees, or you can pay just the fees to renew for another four months. No credit check, no background check, and the loan never appears on your credit.
Simple, licensed rates: 3% per month, plus a small appraisal fee. As an example — borrow $1,000, and picking your item up a month later costs $1,050: the loan, one month's interest, and the fee. Larger loans are our specialty, and on loans of $5,000 and over we waive the appraisal fee entirely. No hidden charges, and you can pay down the balance any time.
No. A pawn loan is secured by your item, so there's no credit check, no background check, and no effect on your credit score — even if you choose not to redeem your item.
Just your item and a valid government-issued photo ID (required by Massachusetts pawnbroker regulations). We appraise on the spot and you walk out with cash the same visit.
We use a Niton XL2 XRF analyzer — a precision instrument that reads exact metal purity in seconds without touching the surface. No scratching, no acid, no filing, no cutting. You watch the test happen right at the counter.
Yes — condition doesn't matter for melt value. Broken chains, single earrings, tangled lots, missing stones, dental gold: we buy it all, in any amount.
Not on day one — we give every customer a minimum one-month grace period beyond the due date, and within it you can still redeem your item or renew the ticket by paying just the fees. Forfeiture is the outcome we work hardest to avoid: our business is built on customers redeeming their loans and coming back for decades, not on keeping anyone's jewelry. If the due date is sneaking up on you, call us — we'll work with you.
What customers say · Our shop
Customers who come back for decades — and send their kids.
"Gave a fair price upfront without any haggling. Best prices for gold and silver."First-time customer · Google review
"Went to all the shops in Lynn — they gave me the best price right off the bat."Gold seller · Google review
"Solid, knowledgeable and trustworthy. Thanks for all the amazing years doing business together."Customer of 12 years · Google review
The same corner since 1930
Sherman Loan Company has operated from the Stern Building at Freeman Square through generations of Lynn families — long before "cash for gold" was a slogan, neighbors were walking through our doors to borrow against a ring, sell a watch, or find a fair deal on jewelry. The storefronts around us have changed; our commitment hasn't: honest appraisals, instant cash, and customers who send their kids and grandkids.
The 1930s
Today
Read more reviews or leave your own on Google.
Visit us
- Address
- 4 Freeman Square, Lynn, MA 01901Next to the Mosaic Apartments, across from Lynn Community Health Center — look for the three gold balls over the door.
- Serving
- Lynn & the North ShoreCustomers visit us from Salem, Marblehead, Beverly, Gloucester, Peabody, Swampscott, Saugus, Nahant, Revere & Boston.
- Hours
- Monday – Friday: 10am – 5pmSaturday & Sunday: Closed
- Phone
- (781) 598-4567Se habla español.