Connecticut Valley Coin, LLC - Pawn Shop, Coin Dealer, & Gold Buyer
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  • 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

The complete Connecticut regulations for pawnbrokers:
http://www.cga.ct.gov/current/pub/chap_409.htm



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