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Replies: 33 / Views: 7,992 |
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Pillar of the Community
United States
539 Posts |
I have to agree with condor on this one. They have the right to price their items for whatever they want. And you have the right to not buy it. Now if someone bought it for $50 would they be getting ripped-off. I suppose you could say they were. However, unless someone tells them that they probably think they got a great deal.There is a saying for this as well "Ignorance is Bliss". All you need to do is go look at closed auctions on ebay and you see people are getting 'ripped-off' by that definiton every day, every hour, every minute.
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Pillar of the Community
United States
1599 Posts |
Stupid pawn shop employees...how about Chumley on Pawn Stars? I love that show.
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Pillar of the Community
1028 Posts |
I intend to watch the new episodes of pawn stars tonight at 10. Chumlee isn't actually allowed to make real decisions, but I also love that show. It does bother me when the guys at the shop totally rip somebody off. You don't really see it with coins because the values are so concrete, but when an antique comes in, they offer like 20% it's value "because it'll sit for a while" or when they buy a car or motorcycle they'll offer like 2000 for a 8000 car because "they don't know how much damage it could have" It makes some sense, but not to the degree which they take it...just shows that the mentality of any pawn shop is to actually rip you off the best they can....so if you ever sell to one, you have to try and do the same.
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New Member
United States
45 Posts |
What I don't get is that the people will settle for the low offers even after they find out what it is worth. Have they never heard of e-bay or Craigslist?
Then you have the customer who bought something for $5 at a yard sale and are offered $800 for something that is valued at $1200 and they walk out. TAKE THE MONEY AND RUN
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Valued Member
United States
466 Posts |
I was just going to comment saying you should take your junk silver there and sell it to him for the bargain price of $30 for a quarter then go somewhere else and buy stuff you want plus more junk silver to keep dropping off to him
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Pillar of the Community
 527 Posts |
Quote: I was just going to comment saying you should take your junk silver there and sell it to him for the bargain price of $30 for a quarter then go somewhere else and buy stuff you want plus more junk silver to keep dropping off to him Brief update on this topic: I thought about doing this because three weeks ago, I wanted to sell my worn 1918 Walking Liberty half dollar, but after waiting for about 10-20 minutes, some employee rudely said "There's a line, maybe you want to wait there." There was no line and only one customer was in the store at the time and was being "helped" by some lady. I just thanked the guy and walked right out the door. This pawn shop is horrible and I won't be returning to deal with these scumbags. Just for the record, there is no way they were going to pay me a lot of money for my silver. That silver quarter was gone, but they had a 1958 Franklin half for $50! That shop is a lengthy drive from my local coin shop, so I have no plans to drive back and forth buying coins and dropping them off to those scumbags hoping to make a profit. They would likely have offered me $5 for my half, then sell it at $50   
Edited by TheDanMan 12/11/2011 9:25 pm
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Valued Member
United States
140 Posts |
Haha, this sounds like some of the shops who sell around here. Some of them have to be off their rockers to charge the prices they do. I mean I know they have a business to run, but there's a fine line between fair pricing and just being ridiculous! Luckily there are legit places to balance out the "ones that lack".
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Rest in Peace
United States
9104 Posts |
I find it interesting that someone would explain how they don't make much money on silver in the same breath as telling you they prolly paid $10 for an item they're asking $50 for. That's a 5% markup, right?
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Rest in Peace
United States
9104 Posts |
Quote: "He who would be deceived let him be deceived" That anything like caviar empty?
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Rest in Peace
United States
9104 Posts |
Quote: When I buy coins nowadays.....it's strictly from the coin shop, the U.S. Mint, or the occasional Estate Auction or Coin auction. And I can still over-pay....or worse, but I think it's a bit safer. Just remember that in most jurisdictions, an auctioneer is not required to be an expert, and all sales are caviar empty. Lots of fake coins find their way to estate auctions, and even if discovered immediately, too bad.
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Rest in Peace
United States
9104 Posts |
Quote: If "LCS" stands for "Lincoln Copper Cents", Low-calorie Koin Shoppe.
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Pillar of the Community
United States
4897 Posts |
@bigfred Quote: caviar empty sorta Beluga Devoid?
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Pillar of the Community
Canada
1731 Posts |
I can get 2 canadian silver dollars for that price
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Valued Member
United States
59 Posts |
The prices posted are higher than normal for pawn shops, but most pawn shops are going to be high. The show pawn stars have gave a bad out look that pawns shops buy things all the time. Most pawn shops are in business to give short term loans with high interest, hoping you fail to make payments and then after 120 days the item becomes their property at a cost of 10% item value. I use to be good friends with a pawn shop owner. he would use price guides to value items, such as Red Book. When these guide books are not good resources is when the pawn shop will price things crazy. Given that he may of bought this quarter when silver was at a peak, he will not change the price when silver goes down. He will let it set there till it sells are becomes a case piece. Most pawn shops owners kno .s very well. They make their business by knowing prices on items. If you take a 1932 S quarter in to any pawn shop they will be able to give you a history lesson. Pawn shops will never sell a item below cost if they can help it. Big Ed
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Rest in Peace
United States
9104 Posts |
Pawn shops and coin dealers are unusual in that their buying and selling prices are both visible to the public. When the jeans store pays $5 a pair and sells them for $25, you make the decision on your cost, not theirs.
When a kid's "supertoy" manufacturer went under, people snapped up their $1000 rideables at a closeout store at $300 a pop. The store paid $50 each for them.
How much does the supermarket pay for a pound of beef? A can of kaughy? A pack of TP?
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Replies: 33 / Views: 7,992 |
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