Cash in hand today. No credit check, ever.
Since 1930, Sherman Loan Company — the North Shore's largest and oldest pawnshop — has served Lynn and the North Shore with instant collateral loans and honest prices for gold, silver, diamonds, and bullion. Bring in what you own — walk out with cash.
Borrow against what you own — in minutes.
No credit check. No background check. We hold an item you own and lend you money against it. Borrow as much as you like, as many times as you need, with very flexible repayment.
Bring in your item
Gold, silver, platinum, diamonds, watches, coins, or bullion — in any condition. We appraise it on the spot.
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, pay back the loan plus fees to get your item back — or pay just the fees to renew for another four months. You can pay down the balance any time.
Watch your gold weighed, tested, and paid — right at the counter.
Real lots, real readouts, real cash. Nothing leaves your sight.
Call (781) 598-4567We buy anything made of real gold, silver, or platinum — in any condition.
Lab-grade testing — without a scratch
We verify metal content with a Niton XL2 XRF analyzer: a precision instrument that reads exact gold, silver, and platinum purity in seconds, completely non-destructively. Your jewelry is never scratched, filed, or cut to authenticate it.
Watch every test. Every item is tested at the counter, right in front of you — your gold never leaves your sight.
- Gold jewelry of any karat — broken or not
- Platinum, silver, diamonds & watches
- Antique & estate pieces
- Class rings, sports rings & dental gold
- Sterling flatware
- Coins & bullion
Serious volume. Decades behind the counter.
Buying gold at volume is our business, not a side counter. The people evaluating your lot have handled thousands of transactions and millions of dollars in precious metals over their careers — and it shows in the price we can offer and the speed we can offer it.
Cash in your unwanted gold today to capture its highest value. Estate lots, dealer inventory, and bulk scrap are our specialty — the bigger the lot, the better your rate. Don't want to sell? Borrow against it instead — collateral loans are our specialty. We also buy and sell jewelry.
The more you bring, the more we pay. See it for yourself.
Most gold buyers pay 60–75% of melt value. We pay 85% on any lot — and a minimum of 90% once your lot tops $1,000 in melt. Estimate your payout below using today's live spot price.
Mixed karats? Run each karat separately and add them up — the 90% volume rate applies to your whole lot once combined melt passes $1,000.
| KARAT | UNDER $1,000 (85%) | $1,000+ LOTS (90%+) |
|---|---|---|
| 10K | — | — |
| 14K | — | — |
| 18K | — | — |
| 22K | — | — |
| 24K | — | — |
Most buyers won't publish their rates. We do — these update automatically with the live gold spot price. Weigh your gold at home, multiply, and know your number before you walk in.
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.
One month free interest on your first four-month pawn ticket.
Secure a loan with us and on your due date, pay just three months owed to renew for another four months — or pay the three months plus the amount borrowed to redeem your collateral. We make borrowing money, and more importantly paying it back, easy.
From a single ring to a full estate — tell us what you have.
Jewelers & resellers
Move bench scrap, dated inventory, and buy-lot leftovers at 90%+ of melt. Standing relationships welcome — many of our sellers come back month after month.
Estates & executors
Settling an estate with jewelry, sterling flatware, coins, or dental gold? We evaluate entire lots piece by piece on our XRF analyzer and pay the same day — with a clear accounting of weight, purity, and price for your records.
Collectors & bullion
Coins, bars, and rounds bought at honest margins off live spot. Bring one piece or a whole holding — the bigger the lot, the better your rate.
Describe your item below and we'll follow up by phone or email. No obligation — and you're always welcome to just walk in for an appraisal on the spot.
- Any condition — broken, tangled, or missing stones is fine
- Not sure of the karat? Describe any stamps or markings you see
- Prefer to talk? Call (781) 598-4567 during the day
Browse our eBay listings
Jewelry, coins, and one-of-a-kind finds from the shop — updated regularly and shipped anywhere.
Look for the three gold balls.
The pawnbroker's mark has hung over our corner of Freeman Square since 1930.
Get directionsPawn loans and gold selling, plainly explained.
How much do pawn shops pay for gold?
Most gold buyers pay 60–75% 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.
How does a pawn loan work?
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.
Do you check my credit?
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.
What do I need to bring?
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.
How do you test my gold? Will it be damaged?
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.
Do you buy broken or damaged jewelry?
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.
In the same downtown Lynn corner since 1930.
Sherman Loan Company has operated from the Stern Building at Freeman Square since 1930 — the same corner, 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, but our commitment hasn't: honest appraisals, instant cash, and customers who come back for decades — and send their kids and grandkids.
Address
4 Freeman Square
Lynn, MA 01901
Across from Lynn Community Health Center
Hours
Monday – Friday: 10am – 5pm
Saturday & Sunday: Closed
Phone
(781) 598-4567
We're happy to answer questions or give a ballpark over the phone.
Se habla español
Spanish-speaking customers are always welcome.