The Conservative Cave
The Bar => The Lounge => Topic started by: jinxmchue on April 17, 2010, 12:03:41 AM
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Anyone else see this show? What a bunch of crooked creeps! Especially the crusty old fart. I swear I saw him leaving a trail of slime behind him.
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I hear ya. I had a couple of Fluke meters I won at work, and since I have my own (and nicer) Fluke, I figured I'd just sell them. These meters retail for $105 each. I asked every pawnshop in town for $35-40, and still didn't get any takers. These were both still brand new, in the box, and they could have gotten at least double what they were offering me.
Screw 'em. I sold them for $60 each, IIRC.
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It doesn't help that the old guy looks like he is involved with the Mafia either.
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What gets me is that they tell people outright that they are only going to give them so much on the dollar for an item after an appraiser says it's worth so much at auction. These guys are basically loaning you money. Of course they are going to give you as little as possible!! I'm shocked when people are surprised.
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I don't have cable, but I did see the show a couple of times when I was in the hospital. They weren't so so slimy in my opinion. I even saw one of the screw himself royally when he agreed on a price for an antique bicycle that was embedded in a growing thicket before he dug it out. Turned out to be worthless.
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I don't have cable, but I did see the show a couple of times when I was in the hospital. They weren't so so slimy in my opinion. I even saw one of the screw himself royally when he agreed on a price for an antique bicycle that was embedded in a growing thicket before he dug it out. Turned out to be worthless.
Oh wait, I'm thinking of a different show.
Now that I have the right show, I wonder what that kid who works for them's DU name is.
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What gets me is that they tell people outright that they are only going to give them so much on the dollar for an item after an appraiser says it's worth so much at auction. These guys are basically loaning you money. Of course they are going to give you as little as possible!! I'm shocked when people are surprised.
An auction will charge a listing fee, an auction fee and then one takes their chance on the auction. By the time it's all said and done, a good 25% of the auction price is lost to the auction house. I like the show. They seem fairly up front to me. After all, they're in the business to make money. If one pays attention to the retail store prices on stuff, a shirt costs a place like Sears $5-6. They turn around and sell that same shirt for $24.99 until it's time to rotate stock. Then one can find it for the $5-6 it actually cost them.
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Oh no I completely agree! I just think people are silly for thinking they are going to get the full appraised value out of the pawn shop.
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Pawn Stars is one of my favorite shows on TV! It is awesome. I am facebook friends with Chumlee (the guy who works there). I think Cory, the son, is a whole lot of ego but I love the rest of them. The grandfather reminds me of some of my family. Just trying as hard to get as much for something as he buys for as little as he can pay.
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The grandfather is an old Sailor, probably WWII vintage.
Hell, has anybody ever gone to a garage sale and bargained someone down on the price?? How is that any different?? Garage sale prices are already pretty cheap and yet, I've seen people dicker over $1....... just sayin'.....
The computer speakers I have right now are from a pawn shop. I paid just under half price of the same one's retail value. ($75 @ Walmart, new) They work just fine for me.
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I enjoy the show very much. Pawn shops are what they are, they perform a service people want or they wouldn't be in business. It's the free market at work. The guys on the show are paragons of integrity compared to most pawn shops, and are extraordinarily up front about what they'll pay and why.
Looking at it from their point of view, why the Hell would you loan anyone (Or pay to buy) what the customer had at more than about half to two-thirds what you thought you could get for it? You'd be broke in no time if you paid or loaned more than that proportion of its possible auction value -- it's a business, not a charity.
It would be totally nuts to loan more on something in pawn than you would pay for it outright for resale; if word got out that you did that, nobody would sell you anything outright, because they'd realize they could pawn it, forfeit the pawn, and walk away ahead on the deal. Meanwhile you'd be stuck holding it for the full term to forfeit, which is dictated by law in most states.