3 Ways to Help Recover Your Stolen Property

MA Pawn Shops and theft

If you’ve ever been robbed or lost something of value, you know how important it is to be able to describe and identify it. Taking a few quick and easy steps now to prepare for a potential loss could help you provide critical information to the police and insurance adjusters, help you identify items if they are found, and produce fliers regarding the lost item.

Stolen Jewelry

The explosion of gold buyers has created a huge market for stolen jewelry. Some things you can do to help keep records on this starts when you first purchase the items with receipts. When you buy jewelry at Mass pawn shops, ask for a receipt! All Empire Loan locations provide customers with detailed receipts for the items they purchase.  We provide a description of the type of metal (yellow gold, white gold, silver, platinum), the assay for gold (10K, 14K, 18K, etc.), weight (we use pennyweight or DWT) and any stones the item may have, including specific cuts if it’s diamonds (RBC or Round Brilliant Cut, PC or Princess Cut, etc.).  The receipt not only insures that you are getting what you paid for, it can also provide a description of the item and what you paid for it. This information can be used by the police or your insurance company.

Theft of Electronics

As mentioned earlier, getting a receipt from Mass pawn shops for your purchase is always the best way to help identify your merchandise. These days, almost everyone has laptop computers, flat screen TV’s, digital cameras, tablets and other electronic devices. Their accessibility often makes them the target of thieves. Having a receipt is a great way to keep track of your devices. An additional precaution you can take to help identify your merchandise if it is lost or stolen is to keep a record of manufacturer name, model number and the serial number. These are the quickest and easiest ways to help identify and track your merchandise.

Loss of Musical Instruments

Guitars, amplifiers, trumpets, keyboards and other instruments are often easy targets for thieves. In addition to the receipts for the initial purchase, knowing the make and model number, along with any serial numbers, is crucial to tracking down your treasured instrument. Any additional markings, damages and dents can also help identify the instrument.

Take Photos!

Taking pictures of your items is one of the best ways to help identify items of value. In the event of theft or loss, your photos can be provided to the police and Mass pawn shops, and used on fliers to help get the word out. Take pictures of the jewelry with something else to provide perspective, like a quarter or a ruler to show the size of your item. For electronics, take a picture of the tag that displays the model and serial number. Photos that show the condition, color or any distinct markings on a musical instrument can be invaluable.

A Valuable Lesson!

No one likes to think of losing their valuables. But in the evident that the worst happens, here’s a summary of a few key ways to improve the chances for getting your items back.

  1. Try to keep receipts with descriptions for all your major purchases.
  2. Keep a record of manufacturer’s name, model and serial numbers of   electronics and appliances.
  3. Take pictures of your valuables for reference.Get Cash for Valuables

For the Perfect Valentine’s Gift, Shop Pawn Shops in Massachusetts!

Pawn shop valentine jewelry specials

Shopping for your sweetheart for Valentine’s Day can be a challenge. Flowers? Don’t last. Candy? Not good for those New Year’s resolutions. Want something they would never buy for themselves but would love to get?  The one gift that will last forever and is sure to get the reaction you want is gold jewelry. Pawn shops in Massachusetts usually have great selections of gold jewelry in their display cases can make the perfect gift.  But what kind of jewelry? Here are a few ideas that may help.

Earrings can be one of the easiest gifts to select because of all of the options available and the wide price range available. Empire Loan offers a tremendous selection of hoops, posts and studs, dangling or button style, color stones or diamonds. Even more attractive to the giver is the price range. Empire Loan in Lynn has everything from a pair of 10 karat gold hoops for just $30.00 to a pair of 3.15 carat diamond cluster earrings for $3,295.00.  Gifts to fit everyone’s budget! One of the best reason to buy earrings as a Valentine’s Day gift is that they’re always a perfect fit! With earrings, it’s one-size-fits-all!

Pawn shops usually have an abundance of chains and necklaces to choose from. Chains come in a wide variety of links — from a simple curb link to a more intricate rope link. Add a simple pendant and you have created a one of a kind piece of jewelry that will always hold a special meaning. And earrings have the same one-size-fits-all advantage! Chains can range anywhere from 16” to 32” and longer. This is simply a matter of taste and style, but you can almost never go wrong.

Bracelets and bangles are another great way to give a gift that lasts a lifetime. But keep in mind that not everyone wears bracelets.  Somebody who works with their hands or around machinery may not wear bracelets for very practical reasons. Style choices vary, too. Bangles or other types of non-flexible bracelets, for instance, are very much a personal choice. So pay attention to what your sweetheart likes to wear. If you’ve never seen them wear a particular kind of jewelry before, there may be a reason.

Last, but certainly not least in sentimental importance, are rings. Rings  often have extra meaning that you should consider if you’re thinking about giving a ring as a Valentine’s gift.  If you’re not married or engaged to your Valentine, the gift of a ring could open up the subject before you’re ready. Otherwise, there is no better way to express your feelings to your Valentine.

Because pawn shops in Massachusetts often get one-of-a-kind or heirloom pieces, there’s no better place to find a truly unique gift than an Empire Loan near you. With 8 locations in Boston, Providence, New Bedford, Worcester, Lowell, Stoughton and Lynn, you’re sure to find beautiful engagement rings, wedding bands, cocktail rings and colored stone rings to fit most budgets and tastes. Ring size is sometimes an issue, but an experienced jeweler like Empire Loan can size the ring for you to insure a perfect fit for your perfect match.

The perfect Valentine’s gift? Give the gift that will last a lifetime: one-of-a-kind gold and diamond Jewelry from Empire Loan.

Get paid for your valuables

What To Do If You’re a Victim of Theft

pawn shop theft

Pawn Shops in Massachusetts, and elsewhere, are regulated by local, state and federal laws pertaining to loans, purchases and privacy issues. Victims of theft often go to a pawn shop and see if their merchandise is on display there, but it’s really not that simple. Here’s a description of the pawning process and what you should do if your merchandise is stolen.

First, understand that Pawnbrokers and other second hand dealers are generally required to report all transactions they make to local police or authorities. In addition to pawn shops, jewelers and consignment shops that buy gold and silver jewelry and other items are all required to maintain records of transactions and report them to local authorities on a regular basis. This often includes providing pictures and descriptions of all the items they take in, along with a copy of the ID and photos of the person who brought the item in. The pawn shop must then hold the item for a specific period of time, usually a minimum of 30 days, to allow the police time to investigate if the merchandise was part of a crime.

Recently, New England law enforcement agencies have centralized this information through NESPIN, New England State Police Information Network, where all six New England states (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont) share the information of what has been brought into pawn shops and second hand dealers across the region. This allows local law enforcement the opportunity to search the database to determine if items brought in were the result of a crime. This database is not available to the public, but is accessible to local law enforcement.

If you are a victim of theft, here’s what you should do

  1. Call the police. The first step after you discover a theft is to contact the local police where the crime was committed. Police will be able to take the information and conduct an investigation to try and locate your items. They may have knowledge of other crimes in the area and will also be able to review the records kept by other local police departments in surrounding communities. As mentioned earlier, law enforcement can now also review the NESPIN records for all of New England to try and track your merchandise. If they are able to identify any possible items, they will then contact the pawn shop or second hand dealer themselves to verify if they are yours.
  2. If you are the one to locate the item, either in police records or on display in a pawn shop or jewelry store, contact the police department where you filed your original report. Only they can request the records of the pawn shop’s transactions. Because of privacy laws, pawn shops are not allowed to give out any information on any customers they have done business with. At Empire Loan, however, we will provide that information to the police or local state authorities. Since 1985, Empire Loan has worked effectively with local law enforcement to help people recover their stolen merchandise and we pride ourselves on being cooperative with the authorities.
  3. Contact local pawn shops directly: Pawn shops do not want to buy or lend money on stolen merchandise. In the end, pawn shops can be the only ones who lose if it turns out they have taken in stolen merchandise. If the merchandise you lost was unique, if you have pictures of it or serial numbers, in the case of electronics, that can help the pawn shop identify the item. Unfortunately it’s not always possible for pawn shops to track details about every item that comes in the door. Empire Loan has 8 stores and does hundreds of transactions in a typical day. This means if you lost a gold wedding band, it would be virtually impossible for us to tell you if somebody came in with one because of the volume we see.
  4. Checking in a pawn shops display cases won’t always be very effective. First, as indicated earlier, pawn shops like Empire Loan hold onto merchandise for a minimum of 30 days before doing anything with it. If the item was stolen last week, it would be another 3 weeks before we’d be allowed to sell it. After the 30 days we may melt the item down if it’s gold or silver or sell it online or to a wholesaler if its electronics or a musical instrument. That’s why it’s important to work with the police in trying to locate your items in a timely fashion.
  5. Contact your insurance company. If you have a homeowners policy or renters insurance you may be able to file a claim. While this won’t result in getting your original merchandise back, you may be able to recoup some money to help try and replace the items.

Empire Loan wants to help you recover your merchandise. Hopefully the above information will help you figure out how to do just that. If you have any questions or need any further information, feel free to contact any of Empire Loan’s 8 locations, check our website (www.EmpireLoan.com) or call us at 800-375-PAWN

Fast Cash for Your Valuables

Need a Loan? How Much Do You Want!?

  Mass pawn shops

The first question customers ask when they want to borrow money from Mass pawn shops is “how much can I borrow?” At Empire Loan, with 8 locations throughout Massachusetts and Rhode Island, we always ask, “ How much do you want!?” It’s that easy at Empire Loan!

Collateral is the Key                                                                    

The size of your loan is based on what collateral you have to secure the loan. That’s true at all Mass pawn shops. The more valuable your merchandise, the more money you can borrow. At Empire Loan, there really is no limit to how much we lend. Our loans typically range from as little as $26.00 to $26,000. But we can loan even more.

S-M-L-XL.  Loans of All Sizes!                                                                    

Since Empire Loan opened in 1985, we’ve literally done thousands of loans to customers who need cash fast. While most of our loans are for a few hundred dollars, we have also served the needs of customers who needed a lot more than that. One customer needed to make a college tuition payment of close to $30,000 before a certain date. We were able to loan the needed funds on the spot.  In another instance, a contractor needed close to $40,000 to cover payroll for one project while he waited for a check to clear for another project he had just completed. In each case, the customer was able to provide something of great enough value as collateral that we were able to lend them the money they needed on the spot.

The Value of Your Items

The collateral we’ve accepted for these larger loans includes rings with 5 and 6 Carat diamonds, Gold Rolex watches and even a collection of gold and silver coins. Having the GIA certification on any diamonds or the original box and paperwork on a Rolex watch can help us appraise, evaluate and determine the amount we can lend.

Keep in mind that Mass pawn shops do not lend money based on what you originally paid for an item.  A loan amount is strictly based on the scrap value of the metal, the wholesale value of the diamonds or the used retail value of the merchandise.  At Empire Loan, almost 90% of our customers come back to redeem their merchandise, but if we are left with the item,  we need to be able to recoup our investment.

No matter what size loan you need, with the right collateral Empire Loan can give you the cash you need, on the spot. Come see us in any of our 8 convenient locations and we’ll get the loan process started with one easy question…“How much do you want”?Get Cash for Valuables