Listing № 16863 · Hempstead, NY
GEM Pawnbrokers
Pawn shop in Hempstead, New York · Est. 1947 (79 years)
50 N Franklin St, Hempstead, NY 11550
Sells: Jewelry. Inventory categories & services
Buys: Gold coins, Silver coins, Bullion bars & rounds, Whole collections. What they buy & services
Photos from GEM Pawnbrokers's website
Photos from the dealer's website · Scroll for more
GEM Pawnbrokers is a pawn shop that also buys coins. For a whole collection, rare dates or graded coins, a dedicated coin shop will usually know the numismatic value better.
§ 01
What GEM Pawnbrokers buys and does
From GEM Pawnbrokers's own website (6 pages read). Hover a ✓ to see their wording.
They buy
- Gold coins
- Silver coins
- Bullion bars & rounds
- Whole collections
- Gold jewelry & scrap
- Sterling silver
- Platinum
- Diamonds
- Watches
Services
- Free appraisals
- Layaway
- Ships orders
Pricing & payment
- Pays sellers by
- cash
- Payment timing
- Same day
Specialties: Pawn loans · Gold buying · Jewelry loans · Luxury watches (Rolex, Cartier, Omega) · Layaway · Pre-owned jewelry. Also sells: Jewelry.
§ 02
Trust record
Better Business Bureau
No BBB profile found for this business. That's common for small shops and isn't a red flag on its own.
Credentials & licenses
- No third-party numismatic credential found.
Who you'll deal with
- Rachel Wilen · manager · President; oversees day-to-day operations
- Martin Kaminsky · founder · Opened the first Buy and Sell business in Downtown Brooklyn in 1947
- ◆Family-owned chain operating 28 branches in the New York City area
- ◆Hempstead branch hours: Mon-Fri 10AM-6PM, Sat 9AM-5PM
- ◆Does not sell gold bars or coins unless mounted on jewelry
- ◆Layaway available on jewelry and watches for up to 10 months
- ◆Pawn loan interest is 4% of principal per month
Source: GEM Pawnbrokers's website, read Oct 2026.
§ 03
Before you sell here
- 1
Know your metal floor before you walk in.
Gold is — and silver — an ounce right now. Our offer checker compares an offer with metal value and dated examples of published buy prices.
- 2
Know New York's seller rules.
New York has no single statewide rulebook for coin shops that buy from the public. The rules come from city, county, town and village laws, plus state law for pawnbrokers (General Business Law Article 5).
No statewide holding period for coin or bullion dealers was found.
Source: NYC DCWP Inspection Checklist: Secondhand Dealers (ID, signature, records, LeadsOnline, 15-day rule, minors, scales), NYC Administrative Code 20-264 to 20-268 (definitions, license, fee, restrictions: minors, 15-day hold) · All New York rules
- 3
Call ahead for anything bigger than a few coins.
Ask whether the person who prices collections is in that day, and whether they pay by cash for larger amounts.
- 4
Get a second offer.
There are 25 other coin buyers within 10 miles — compare them below. Read how to sell a coin collection first if this is your first time.
Questions to ask GEM Pawnbrokers
We couldn't confirm these from public sources, so ask before you go:
- What would you pay today for a 1 oz American Silver Eagle, and for $1 face value of pre-1965 silver? (Ask two shops the same question to compare.)
§ 04
Compare coin buyers near Hempstead
If this shop isn't the right fit
- Nearest dedicated coin shop: Eastern Numismatics Inc~1.2 mi
- Nearest open on Sunday: Kian's Cash 4 Gold~4.2 mi
- Nearest NGC-authorized dealer: Eastern Numismatics Inc~1.2 mi
- Nearest that buys estates: Eastern Numismatics Inc~1.2 mi
| Dealer | Type | Distance | Customer-reported offers | Sat / Sun | |
|---|---|---|---|---|---|
| GEM Pawnbrokers (this shop) | Pawn shop | — | 4.9★ (497) | — | Sat / – |
| Eastern Numismatics IncGarden City | Coin shop | 1.2 mi | 4.5★ (164) | — | Sat / – |
| Royal Gold BuyersGarden City | Gold & silver buyer | 1.3 mi | 5.0★ (824) | 97% | Sat / – |
| Silvergreetings.ComUniondale | Appointment-only dealer | 2.4 mi | 5.0★ (1) | — | Sat / – |
| American Rarities Rare Coin CompanyUniondale | Coin shop | 2.4 mi | 1.0★ (1) | — | Sat / – |
| The Gold Standard of Carle PlaceCarle Place | Pawn shop | 2.8 mi | 4.6★ (47) | — | Sat / – |
| Collectors Coins & Jewelry of BaldwinBaldwin | Jeweler | 3.0 mi | 5.0★ (134) | 100% | Sat / – |
| Royal Gold BuyersRockville Centre | Gold & silver buyer | 3.6 mi | 4.9★ (1046) | — | Sat / – |
| Kian's Cash 4 GoldEast Meadow | Gold & silver buyer | 4.2 mi | 4.5★ (46) | — | Sat / Sun |