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Royal Pawn

409 Madison Ave, Covington, KY
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4.6 (42 reviews)
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Royal Pawn cuts out the middle man. They price firearms just above dealer invoice, which means you're not paying inflated gun shop markups. If you're shopping around and seeing higher prices elsewhere, you're overpaying. Brands in stock include: Smith & Wesson Glock Sig Sauer Beretta Ruger Colt Both...

Verified Business
Covington, KY

Royal Pawn

409 Madison Ave, Covington, KY

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4.6★ (42)·Covington, KY·(859) 431-1191·See hours·ATF Verified FFL

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01 // DETAILS

#01

Business Details

Full description and what we offer

#01

Firearms Priced Below Gun Shop Rates

Royal Pawn cuts out the middle man. They price firearms just above dealer invoice, which means you're not paying inflated gun shop markups. If you're shopping around and seeing higher prices elsewhere, you're overpaying.

#02

Brands in stock include:

Both new and pre-owned firearms are available. The inventory rotates based on what comes through their pawn business, so selection varies.

#03

More Than Just a Gun Store

Royal Pawn operates as a full-service pawnshop. Bring in items of value—jewelry, electronics, firearms, or anything else—and get a same-day loan with no credit check. Most transactions close in under 5 minutes. You keep ownership of your items while they're pawned; they're stored in secure vaults and fully insured.

Pawn loans are non-recourse. If you can't repay, it doesn't affect your credit or your ability to get future pawn loans.

They also buy gold, silver, and platinum at spot price (updated daily). Unlike dealers using outdated penny weight or diamond weight measurements to confuse customers, Royal Pawn buys by gram weight—transparent and straightforward.

#04

Two Locations

LocationAddressHours
Covington, KY409 Madison Ave, Covington, KY 41011Mon-Fri 9am-5pm, Sat 10am-3pm, Sun Closed
Aurora, IN539 Green Blvd, Aurora, IN 47001Mon-Fri 10am-6pm, Sat 10am-3pm, Sun Closed

Phone: - Kentucky: 859.431.1191 - Indiana: 812.655.9070

Email: [email protected]

#05

About Royal Pawn

Family-owned and operated for over 20 years, Royal Pawn has built a reputation on competitive pricing and straightforward dealing. All employees pass criminal background checks. The business operates as a smoke-free and drug-free workplace, and treats customers with respect regardless of transaction size.

"Whether you are buying, selling, pawning, or simply have a few extra minutes to spare, please stop in and see us and we will be glad to assist you."

#06

How Pawn Loans Work

1. Bring in an item of value 2. Staff appraises it 3. You accept the loan offer (usually takes under 5 minutes) 4. Receive cash immediately 5. Pay back the loan to reclaim your item

All loan terms comply with the federal Truth in Lending Act. Your receipt shows the due date, amount financed, finance charge, APR, and a full description of your item including serial and model numbers.