- Pawn loans made against gold jewelry & gold and silver coins
- All loan amounts are paid to the customer by check
- Interest charge for loans over $15 to $50 is 3% per month, 36% APR (state limit on pawn loans)
- Interest charge for all loans over $50 is 2% per month, 24% APR (state limit on pawn loans)
- A $5 paperwork charge is deducted from check
- Loans must be picked up or interest paid within three months (state law is two months - some shops only give 30 days)
- Per Connecticut State law, all items on loan become property of Connecticut Valley Coin after the due date
- Loans my be extended for three more months by paying the interest plus a $3 renewal fee
- A $5 per month late fee will be charged if items are still available for redemption