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I Met The Stupidest Pawn Shop Employee In The World Today.

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Pillar of the Community
coincollect1's Avatar
Canada
1731 Posts
 Posted 12/12/2011  5:01 pm  Show Profile   Bookmark this reply Add coincollect1 to your friends list Get a Link to this Reply
I can get 2 canadian silver dollars for that price
Valued Member
biged239's Avatar
United States
59 Posts
 Posted 12/12/2011  7:23 pm  Show Profile   Bookmark this reply Add biged239 to your friends list Get a Link to this Reply
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
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 12/13/2011  03:11 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
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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