New store offers a local option for electronics
CHESTERTOWN — John Woodfield wants Chestertown Jewelry, Coins, Electronics and Pawn to be more than a place to sell unwanted items.
Woodfield and Jeremy Traux opened the business in the 900 block of Washington Avenue in early June. They said it fills a community need.
Before Chestertown Jewelry, Coins, Electronics and Pawn opened, Chestertown residents’ only options for batteries and other electronics were stores in Middletown and Dover, Del.
“While we’re opening a pawn shop, we’re really opening up a place to serve the community for wireless needs and electronic equipment, as well,” Traux said.
Woodfield and Traux also own Delmarva WiFi, providing internet services to WaveVision’s customers when the company closed its doors in 2015.
Chestertown Jewelry, Coins, Electronics and Pawn will offer financing for products, Woodfield said. Residents have no local options for this service, he said.
Woodfield said there are no credit checks for financing, and customers have to spend only a few dollars to be approved.
Woodfield said Chestertown Jewelry, Coins, Electronics and Pawn offers low prices for laptops, TVs and other electronics that can be costly. Woodfield, a Kent County native, said it is important to offer affordable prices for these items in the community.
The inventory for Chestertown Jewelry, Coins, Electronics and Pawn includes items “salvaged” from electronics stores that have gone out of business, Woodfield said. Some products will be sourced from as far away as Puerto Rico, he said.
Woodfield expects to stock the store with more than 15,000 items.
Traux said Chestertown Jewelry, Coins, Electronics and Pawn will rotate its stock, depending on the requests of customers. So far, the demand has been mostly for items for work, like cellphone chargers and headsets, he said.
“If in the midst of these 15,000 or 20,000 different items we’re going to have in here, someone comes in and they need something that we don’t have, we’re going to keep track of it, we’re going to get those things stocked up,” Traux said.
Appraisal of antiques also will be offered, Woodfield said. The business will have a modest number of antique silver coins and other collectables, he said.
“We’re certainly here if people want to bring in things that they don’t know what they are,” Woodfield said. “Some of the best deals I’ve made with people where I’ve gotten them the most money, is when they bring in a box of what they thought was costume jewelr y, and you pull it out and say, ‘Look you’ve got $1,000 worth of gold here.’”
Woodfield said one of the challenges of running a business like this is the many laws and regulations. Pawn shops are required to hold precious metals, such as gold and silver, for 18 days. In Kent County, pawn shops also must hold all items valued up to $20 for the same amount of time.
These laws assist law enforcement in locating stolen items, he said.
Woodfield said he and Traux are vigilant about people who might try to sell stolen items to a pawn shop.
“When you say family friendly, we do want a family-friendly business. We don’t want a seedy business,” Traux said.
Chestertown Jewelry, Coins, Electronics and Pawn is located at 932 Washington Ave. It is open Mondays through Fridays from 9 a.m. to 6 p.m., with special hours on Wednesdays from 9 a.m. to 8 p.m. The store also is open Saturdays from noon to 4 p.m. It is closed Sundays. For more information visit https://www.facebook.com/chester townpawn/ or call 888-440-7296.
John Woodfield, left, and Jeremy Traux are the owners of Chestertown Jewelry, Coins, Electronics and Pawn.