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 Post subject: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 2:26 am 
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Ever watch Pawn Stars on History Channel? Silly show but fun to watch, and they occasionally feature interesting old guns. They had a marathon today; one episode featured a Colt model 1861 musket, made in 1863, in apparently unissued condition. They were a bit leery of it, so they called in one of their experts to evaluate the gun. He said it was real, had a New Jersey stamp on the left side of the barrel, but no gov't inspector cartouches on the stock. He thought the stock had been replaced soon after the gun was made, and likely sold off to a state militia. The expert thought the gun was worth $1,200-$2,000. The guys behind the counter offered the owner $700, he decided to keep it. Interestingly, here's one in very good condition at Cabela's, they're asking $4,500 for it:

http://www.cabelas.com/gun-inventory--- ... -leh.shtml



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 7:02 am 
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That is a fun show to watch, although when an idiot takes 10k for something that could fetch 30k at an auction... Just put the sucker up there, or use EBAY or something...

Gah.

Still like the show and the guys.



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 9:12 am 
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My grandfather was partners with folks doing pawn work and he was their resident gemologist, doing appraisals and such. For a LONG TIME he used to bitch to any of us family who'd listen that the money wasn't in the gems and jewelery, but instead it was in working the pawn side of the business!!

I can't recall just how many time he'd whine and bitch about his other partner making so much money while he just made a few buck off of the appraisals. The pawn side was making money hand-over-fist while he was just scraping by.

There's some SERIOUS money to made in pawn, IF YOU FOLLOW THE RULES and do everything legally - otherwise you extra winnings will be absorbed in attorney fees when your court case comes around.

It simply isn't worth it to break the law if you're involved in pawn dealings. If you LIKE dealing with regulatory agencies and police agencies going through all your records on a regular basis, then perhaps working a pawn shop is for you.

There's a SERIOUS price to be paid for being in this business, and it not about graft and corruption - more like zoning laws and other restrictions on just WHAT you may or may not have inside your pawn shop - ESPECIALLY if you're within 1000 feet of a school.

Just be aware of ALL the hurdles if you decide to do something like this.



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 9:26 am 
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CByrneIV wrote:
They are in the business to loan money, not to buy shit; and if they buy shit, they have to buy it at around half what they think they can sell it for, to make it worth while. At MOST 3/4 what they think they can sell it for, unless it's a high turnover or highly convertible item like gold. Otherwise it's just taking up shelf space.


You guys would have heart attacks if you heard what the typical markup is for used industrial machinery - from buying it at auction, to final sale. 400% isn't uncommon.


HTRN



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 9:36 am 
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HTRN wrote:
CByrneIV wrote:
They are in the business to loan money, not to buy shit; and if they buy shit, they have to buy it at around half what they think they can sell it for, to make it worth while. At MOST 3/4 what they think they can sell it for, unless it's a high turnover or highly convertible item like gold. Otherwise it's just taking up shelf space.


You guys would have heart attacks if you heard what the typical markup is for used industrial machinery - from buying it at auction, to final sale. 400% isn't uncommon.


HTRN



Sounds like the markup for musical instruments and jewelery.



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POLITICIANS & DIAPERS NEED TO BE CHANGED OFTEN AND FOR THE SAME REASON

A person properly schooled in right and wrong is safe with any weapon. A person with no idea of good and evil is unsafe with a knitting needle, or the cap from a ballpoint pen.

I remain pessimistic given the way BATF and the anti gun crowd have become tape worms in the guts of the Republic. - toad
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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 4:20 pm 
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Thanks Chris, but my comment was not about the pawn broker but about the idiots who let stuff go when they could maximize their profit. I think it's the whole being on TV thing and feeling the pressure of "needing" to make a deal.



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Heard of a van that is loaded with weapons
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Heard of some gravesites, out by the highway
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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 4:22 pm 
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Oh, I know most of the pawned jewelry(and quite a bit of the cheap gold that is bought by Jewelers too) winds up at the smelters(who typically pay somewhere around 75% of the spot market).

But the machinery business is up there - a typical 1500 buck 2J BP is sold at 4 grand or so "retail". I've seen stuff bought for a coupla hundred bucks, turned around and sold for thousands, before it even leaves the auction. Much of it comes down to the buyer will pay, because he can make even more money using the machine.


HTRN



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 5:03 pm 
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Yeah, but often its still vastly less than new - I've paid more for one valve, than the man paid for the entire store room of them, and was happy to do so (I was looking at something else when they auctioned off the valves.) - I still managed to by a 2" 3-way dairy valve for $100, so I was ecstatic. I think I paid the same man $150 for a check valve - not the right name, but it functions in a similar fashion.



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 7:05 pm 
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After reading this thread, now I'm going to feel even more confused about trying to get a reasonable price on a custom engagement ring at the jewelers. Ug... :?



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 7:58 pm 
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My suggestion on that is: A) Call someone knowledgable about stones - if need be, send me an email, there are some family friends in the jewelry business. B) Find someone who can actually make what you want - they may want you to buy the stones from them. C) If he makes what you want, pay him, and forget the price.

On something custom, the most important thing has to be getting what you want done, the way you want. Don't tell him to cut corners, just order it done right, and forget the price once its done. You'll be much happier.



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 8:43 pm 
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Quote:
Pawnbrokers typically buy pieces at 50% to 75% melt value


HA!!! The place I frequent starts their offers out at 18% and will go no higher than 25% of melt value.That is still higher than any of the "we buy gold" places.

There is a shop local to me that is one of the few places that carries primers and powder. Their prices are fair and the guy behind the counter is a regular on the local shooting forums. Their transfers are cheap too. So I stop in every few weeks to say hello and see what is new. It isnt much let me tell ya.

Anyways, last time I was in there, a few months ago, his ENTIRE wall of TVs was bare. So I asked about it. His reply: "It is tax time, we will get 90% of them back in 6 weeks"

:lol: :lol: :lol:



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Mon Aug 16, 2010 9:06 pm 
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Getting back to the show..... I really like Pawn Stars. They get some great stuff in. I especially like watching when they go out to test some pieces. Old guns, old cannons, old motor bikes. Even gliders. Usually they let Chumley test it out. It is a good thing they have lots of open area to test it in. :lol: :lol:



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Tue Aug 17, 2010 7:06 am 
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JustinR wrote:
After reading this thread, now I'm going to feel even more confused about trying to get a reasonable price on a custom engagement ring at the jewelers. Ug... :?


Just hope the intended engagee doesn't read the forum... ;) Unless she already knows you're going to ask, of course.



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Tue Aug 17, 2010 12:14 pm 
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Buy a man made diamond. Diamond Nexus labs, for instance, has 1 carat rings starting in the 400 buck range, and they basically top out at at under 2500 bucks.

If you want to get really sappy - next time she visits the hairdresser, get some of her hair, mix it with some of yours, and have a lab make a Memorial Diamond from it - An eternal representation of devotion.

Just don't blame me when all that saccharine platitude gives you diabetes, or a heart attack at the prices. :lol:


HTRN



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Tue Aug 17, 2010 1:55 pm 
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JustinR, I was real happy with Collections in Saginaw. I provided the gold and the diamonds and they built her engagement and wedding rings, and my ring, too, although I haven't seen it yet, for less than a grand. We used her great grandmother's, grandmother's, mother's, my great grandmother's, and my grandmother's rings, and an old necklace of my mom's and melted them all down and used the diamonds from them. I drew out the designs for her rings and then they re drew them :) And they were fairly quick, too.


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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Tue Aug 17, 2010 4:11 pm 
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Thanks Gandalf, I'll have to check them out.

Well I already had one wedding set made and proposed, by a supposed "custom" jeweler. In short it was a cluster, with one of the prongs breaking after only a month of wear, and repair job leaving the ring in horrible shape, prompting me to get a full refund. I'm very glad that my gal is so understanding about the whole thing.

LOL @ HTRN...I've heard of those places, but usually where you can turn deceased family members or pets into artificial diamonds. She might kill me if the jeweler loses her favorite dog, so I don't know if I can risk that. :)



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Tue Aug 17, 2010 6:41 pm 
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http://www.jared.com/webapp/wcs/stores/ ... |10001|-1|



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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Tue Aug 17, 2010 9:07 pm 
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JustinR wrote:
Thanks Gandalf, I'll have to check them out.

Well I already had one wedding set made and proposed, by a supposed "custom" jeweler. In short it was a cluster, with one of the prongs breaking after only a month of wear, and repair job leaving the ring in horrible shape, prompting me to get a full refund. I'm very glad that my gal is so understanding about the whole thing.

LOL @ HTRN...I've heard of those places, but usually where you can turn deceased family members or pets into artificial diamonds. She might kill me if the jeweler loses her favorite dog, so I don't know if I can risk that. :)


If you ever go down to Kerrville, Jim Morris is a good man, and does good work.



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And for the support of this Declaration, with a firm Reliance on the Protection of Divine Providence, we mutually pledge to each other our lives, our Fortunes, & our sacred Honor

A gentleman unarmed is undressed.

Collects of 1903/08 Colt Pocket Auto
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 Post subject: Re: Guns Of Pawn Stars
PostPosted: Wed Aug 18, 2010 1:33 am 
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Too bad you're so far away, I have a brother in the business and he has THOUSANDS of wax castings to make just about any design you could want.



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POLITICIANS & DIAPERS NEED TO BE CHANGED OFTEN AND FOR THE SAME REASON

A person properly schooled in right and wrong is safe with any weapon. A person with no idea of good and evil is unsafe with a knitting needle, or the cap from a ballpoint pen.

I remain pessimistic given the way BATF and the anti gun crowd have become tape worms in the guts of the Republic. - toad
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