I would say thats a good deal... 80% gives the customer a fair amount plus leaves a little room for the buyer to make 18% if he would sell to ARAGOLD..
PawnShop Low Ball
- Thread starter Porsche914
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I would say thats a good deal... 80% gives the customer a fair amount plus leaves a little room for the buyer to make 18% if he would sell to ARAGOLD..
chrispl57
Full Member
The problem with pawn shops is they need to make a profit off it so they always offer half of what its worth
Rudy
Admin
I can't believe you actually said that. Dishonesty is the only reason why one should get an education?
I can't believe you actually said that. Dishonesty is the only reason why one should get an education?
Sounds like CM needs to go back to school and learn a few things!
Educate himself.
beepinggeorge
Full Member
- Joined
- Nov 23, 2011
- Messages
- 138
I actually like free-enterprise and I think it is up to the person to know what they have.
HOWEVER....
I don't tell someone they are asking too little or too much for something.
I never make an offer. I always ask..."What are you asking for it?"
If the say a figure, I will either agree to buy it....or say no. If they respond with a better offer, I will either agree to buy it....or say no. If they respond with a better offer, I will either agree to buy it....or say no. and so on.
I NEVER price someone elses item. It is their's to sell and their's to price...I simply buy it or say no.
I have suggested a price for them, if it is something that I really want and they seem to have no idea what to offer it at....but i NEVER suggest a price or make an offer on something I would like to resell and make money on.
I just feel like it is the most ethical way to wheel and deal. BTW, In the last five years I have bought 2 items for less than $15 each and sold them for $1000 and 1500.
HH
HOWEVER....
I don't tell someone they are asking too little or too much for something.
I never make an offer. I always ask..."What are you asking for it?"
If the say a figure, I will either agree to buy it....or say no. If they respond with a better offer, I will either agree to buy it....or say no. If they respond with a better offer, I will either agree to buy it....or say no. and so on.
I NEVER price someone elses item. It is their's to sell and their's to price...I simply buy it or say no.
I have suggested a price for them, if it is something that I really want and they seem to have no idea what to offer it at....but i NEVER suggest a price or make an offer on something I would like to resell and make money on.
I just feel like it is the most ethical way to wheel and deal. BTW, In the last five years I have bought 2 items for less than $15 each and sold them for $1000 and 1500.
HH
Gauntlet
Forum Supporter
minnowtizer
Senior Member
i feel that when you walk in ,or go to buy,O.B.O. usually means beat me up,you gotta start somewhere,next time you might get top dollar, doubt it but it could happen,let the bargaining begin thats how it goes.
pryan67
Forum Supporter
hmmm...
if the buyer is dishonest by offering such a low amount...
what does that say about the people who paid nothing for the item...just happened to find it...yet want top dollar?
Can pawn shops, etc "afford" to pay more for items? Sure they can....should they HAVE to do so? Not a chance...
if the buyer is dishonest by offering such a low amount...
what does that say about the people who paid nothing for the item...just happened to find it...yet want top dollar?
Can pawn shops, etc "afford" to pay more for items? Sure they can....should they HAVE to do so? Not a chance...
minnowtizer
Senior Member
i agree,i stop once in awile but always seems to be weird people wandering around ,im just sayin!
jwebs
Elite Member
It's not just the pawn shops that do it these days, especially with PMs...I had two well known jewelers in town offer me ~30% of spot of some gold that I was trying to sell a few months back. Greed is a powerful and ugly...and it seems to run rampant these days(or maybe it always has, and I'm just naive)...
booker
Forum Supporter
You are very right Ron!!!!
fred sanford
Elite Member
Capitalism
It has its positives and it has its negatives. Greed being one of the negatives .
However that is the way the world works . Adapt , or lose out.
It has its positives and it has its negatives. Greed being one of the negatives .
However that is the way the world works . Adapt , or lose out.
beepinggeorge
Full Member
- Joined
- Nov 23, 2011
- Messages
- 138
If it were not for greed, gold would have no value and we would be pitching it in a bucket with pull tabs
If it were not for greed, gold would have no value and we would be pitching it in a bucket with pull tabs
You mean I should save that yellow stuff... aww man I thought they were color pull tabs because they kept ringing up the same as them!!!
GoGoGopher
Senior Member
In My oppinion
Educucation=Power=Money....
In todays economy, the uneducated are going to get run over...
It is up to each of us to know what they are doing when dealing with others..
pawn shops count on the desperate...Those who need money now, and do not have the time or means to go hunting all over town to find the best prices...They tend to see everyone like that...As stated above, you do not HAVE to accept their offers...
HH,
Educucation=Power=Money....
In todays economy, the uneducated are going to get run over...
It is up to each of us to know what they are doing when dealing with others..
pawn shops count on the desperate...Those who need money now, and do not have the time or means to go hunting all over town to find the best prices...They tend to see everyone like that...As stated above, you do not HAVE to accept their offers...
HH,
Kolby72
Forum Supporter
I love this show! An all of the idiots who sell to him and his son. First off do some research on your item know its value! Real quick guys I have some shoes on that I want to sell how much will you give me?.... Exactly why should you know how much they are worth im the seller. And the best part about this show is he calls in a profesional on almost every single sell and the profesional says that the item will sell at auction for 20,000 dollars. Then the guy offers them 6,000 dollars... And they take it! That is their own stupid fault....
jwebs
Elite Member
Even some of their professional friends give lowball estimates on some of the items that they appraise. So ignorance is not always the fault of the customer. Saw one yesterday where a guy appraised a "ms 64" 1924 st. Gardens at 2k, I think he said...*and the pawn guy exaggerated about it costing a "lot of money" to get it graded. I don't care how you look at it, its just bad practice, and honestly, I believe its the kind of stuff that makes people lose hope for humanity...not just the pawn star guys, but the OPs pawn lady, the jewelers I mentioned, and all of the other people who could care less about the person selling somehing, and all they can see is dollar signs...think about it...say it was their elderly mom or someone of that nature getting ripped off...would you still feel the same? /off of the soapbox
pryan67
Forum Supporter
What was the mint mark on the St. Gaudens?
2k would be about right for no mint mark...
I DO agree that people should find out what things are SELLING for...not what people are ASKING for them...prior to going into the pawn shop
as for the auctionhouses...yes...IF they took it to an auction house AND they had the right buyers AND they got lucky...they MIGHT get 20k...minus costs (what is it..15% or so?) or they might get 5k...how many of us have purchased items well below retail value at auctions? I know that I have...
it's a risk...so the 6k was money in their pocket...guaranteed...
granted, it's less than I, personally, would take...but then again...taking high end items to a pawn shop isn't something that I'd do either
