Whether you need cash for a while or you’re ready to let your watch go, Pelican Pawn & Jewelry can help. We make loans on Rolex watches and buy them outright, from new and pre-owned to older and broken watches. Our family has served the Baton Rouge area since 1992, and you can visit any of our 5 stores.
Pawn or sell: which is right for you?
- Pawn it if you want your watch back. You get cash now, and we hold your watch until you pay off the loan.
- Sell it if you’re ready to part with it. Accept our offer and you’re paid on the spot.
How a Rolex loan works
A pawn loan is a collateral loan. You bring in your Rolex, we appraise it, and we lend you cash based on its value. We don’t check your credit. When you pay off the loan, your watch goes home with you. If you have a pawn with us, you can view it and make payments in the Pelican Pawn mobile app. See How a Pawn Loan Works for the full process.
Loan details
- 90-day loans, with optional 1-month extension payments
- Interest rate schedule:
- $1–$999: 20%
- $1,000–$4,999: 10%
- $5,000 and up: 8%
The more you borrow, the lower your rate. No credit check, and the loan is based on the value of your item.
Rolex watches we buy and lend on
New, pre-owned, older, in need of service or broken. Bring in your Rolex and we’ll evaluate it.
What can raise your offer
- The original box and papers
- Service records
- Extra bracelet links. They can raise your offer.
- A watch in good condition. You don’t need to polish or repair it before you come in.
Our 3-step process
- Visit any store. Bring your watch and a valid state-issued ID or driver’s license. You need an ID to sell or pawn.
- Get a free appraisal. One of our pawnbrokers will look over your watch in person.
- Choose. Take a fair cash offer, or pawn the watch and keep it.
Ready to get cash for your Rolex? Find the Pelican Pawn store nearest you →
Open Monday–Friday 8:30 AM–6 PM and Saturday 9 AM–5 PM. Closed Sunday.
Rolex FAQs
Do you buy or lend on broken or older Rolex watches?
Yes. We loan on and buy Rolex watches, including older and broken ones.
Does a Rolex pawn loan affect my credit?
No. We don’t check your credit, and the loan is based on the value of your watch.
How long is a Rolex loan?
Our loans run 90 days, and you can make optional 1-month extension payments.
Can I get a quote before I come in?
Use the chat button on our website to send photos and details, and we can give you a price range. We make exact offers only after we see the watch in person.