Est. 1960 · 60 businesses

Pawn Mile

Detroit, Michigan

Dense pawn shop and gold buyer concentration along 8 Mile. Traditional cash-for-gold operations + estate diamond merchants serving Detroit metro.

8 Mile Road corridor

Get a Local Offer in Detroit

Why district buyers pay more

Compressed competition. Dozens of buyers within walking distance compete for inventory.
Specialist categories. Estate jewelers, diamond merchants, and watch experts each operate independently.
Wholesale resale chains. District buyers connect directly to wholesale and auction circuits, allowing higher buy-side offers.
Walk-in appraisals. Free verbal estimates from multiple specialists in one afternoon.

Selling tips for the Pawn Mile

Visit on a weekday morning when buyers have time for full evaluations rather than rushing weekend walk-ins.
Bring 2–3 pieces, not 10. Specialist buyers give detailed offers when they can focus.
Collect 3 offers minimum. District buyers know they're competing; first offers are usually 10–15% below their ceiling.
Use the district's security. Most district buildings have armed lobby security; for $10K+ transports, ask for escort to your car.

Today's spot prices

Gold (24K)

$4,545.78 /oz

Silver

$76.30 /oz

Platinum

$1,977.89 /oz

Palladium

$1,422.45 /oz

14K gold = 58.3% pure · 18K = 75% · 22K = 91.6% · 24K = 99.9%

30-day metal price trend

How spot prices have moved over the last 30 trading days. District buyers' offers tend to track these moves with a 24–48h lag.

30-day trend · 4 metals · refreshed daily

Typical offer ranges in Detroit

A 1ct certified engagement ring — how different buyer types compare. The Pawn Mile's walk-in competition keeps local offers closer to online specialists than to pawn.

1ct engagement ring · typical cash offer range