Inside CalLoan

Silver has been on the rise, now is a great time to cash in on any silver jewelry, flatware, or coins you might have. Five years ago we wouldn't deal in silver jewelry but with the rise in the market we will accept any broken or unused silver jewelry today. Flatware has become a big ticket item with many sets bringing thousands of dollars. The way to tell the difference between valuable and cheap flatware is by looking for the mintmark. Valuable flatware will say STERLING or .925 or .950 stamped onto the bottom whereas cheap flatware generally says plated or nothing at all. Silver coins also have risen in value. We buy all dimes, quarters, half dollars, and dollar coins minted on or before 1964. Half dollars minted from 1965-1969 are also good as they have 40% silver content.

Serving Sacramento for Over 100 Years...

California Loan & Jewelry is one of the oldest businesses in the Sacramento region still operated by the same family.

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The shop, originally called the New York Store, was founded in 1909 by twin brothers William and Joe Anapolsky. Located at 1014 3rd Street, it sold basic merchandise and popular items of the day, such as clothing, shoes, watches, jewelry, diamonds, guns, suit cases, trunks, optical goods, and musical instruments.

The business remained the same until the early 1940s when they began to make collateral loans. In 1947, the family changed the store’s name to California Clothing & Jewelry and in 1949 moved it to 409 K Street. A few years later the name changed again – to the current California Loan & Jewelry Co. To keep pace with the city’s growth to the east, the store changed locations several times. In 1959 the store moved to 511 K Street and in 1962, it moved again, to 607 J Street. In 1968, California Loan & Jewelry moved into a completely remodeled building at 916 J Street, where they remain today.

In the 1980s California Loan & Jewelry underwent significant changes in its business philosophy. The loan portfolio grew tremendously by making more loans and larger loans. Retail sales also increased. They were able to turn over merchandise more quickly by selling directly to other dealers. And they found scrap dealers willing to buy jewelry that was otherwise considered unsellable. In 1980 California Loan & Jewelry became the first pawn shop in Sacramento to computerize its entire loan department.

1999 was another pivotal year for the business. The family acquired the building next door at 912 J Street. They remodeled the building and started Advance Check Cashing, which specializes in check cashing, payday advances, money orders, sending and receiving Western Union messages, and renting mail boxes. In 2005 Warren and Larry opened a third business inside California Loan & Jewelry. Called Car Equity Loans, it makes loans to individuals based on the equity of their vehicles. The store was again remodeled to accommodate the operation, which has been going strong since its inception.

Warren and Larry are very proud to be the third generation of Anapolsky brothers to own and operate California Loan & Jewelry. They adhere to the same philosophy used over 100 years ago: to conduct business with the highest integrity and treat customers the way that they would want to be treated. And they’re confident those principles will carry the business forward for another hundred years.