You Can’t Sell Anything Right Now In California
mrearlygold
Posts: 17,858 ✭✭✭
From Housing Bubble Blog:
You Can’t Sell Anything Right Now In California
Today’s Local News reports from California. “Ray Ellis, owner of Escondido Coin and Loan pawnshop, is used to customers coming in with rare or collectible coins for one of the four-month loans that is the industry standard. Recently, customers have been seeking larger amounts, up to $50,000, Ellis said. He said one gentleman came in with a sack of gold coins in order to pay off debts on his investment properties in Orange County.”
“The credit crunch and economic turmoil is sending bigger fish their way. ‘We’re seeing lots of people that we wouldn’t have seen before,’ said Mike Robinson, treasurer of the Collateral Loan & Secondhand Dealers Association (CLSDA) and owner of Crown Jewelry and Loan in San Diego. ‘We’re definitely seeing more affluent people coming through because I’m seeing bigger diamonds.’”
“Irene Longoria, store manager of the Oceanside Gems N’ Loans, estimates that about 30 percent of her customers are new this year. She said they’re coming from Del Mar, Solana Beach and other upscale residential areas.”
“‘We’ve had people come in with sandwich bags of jewelry. This recession is hitting everybody,’ Longoria said.”
“New customers are finding out a lot more than they bargained for at their local pawnshop. John Martin, a jewelry professional at Gems N’ Loans, which has locations in Vista and Escondido, said a woman recently expected hundreds if not thousands of dollars for the diamond ring she received as a gift, only to find out it was zirconium.”
“‘She said, ‘It’s a diamond,’ and I said, ‘It’s not,’ Martin recalled. ‘Then she said, ‘That son of a b… !’”
You Can’t Sell Anything Right Now In California
How Pathetic
You Can’t Sell Anything Right Now In California
Today’s Local News reports from California. “Ray Ellis, owner of Escondido Coin and Loan pawnshop, is used to customers coming in with rare or collectible coins for one of the four-month loans that is the industry standard. Recently, customers have been seeking larger amounts, up to $50,000, Ellis said. He said one gentleman came in with a sack of gold coins in order to pay off debts on his investment properties in Orange County.”
“The credit crunch and economic turmoil is sending bigger fish their way. ‘We’re seeing lots of people that we wouldn’t have seen before,’ said Mike Robinson, treasurer of the Collateral Loan & Secondhand Dealers Association (CLSDA) and owner of Crown Jewelry and Loan in San Diego. ‘We’re definitely seeing more affluent people coming through because I’m seeing bigger diamonds.’”
“Irene Longoria, store manager of the Oceanside Gems N’ Loans, estimates that about 30 percent of her customers are new this year. She said they’re coming from Del Mar, Solana Beach and other upscale residential areas.”
“‘We’ve had people come in with sandwich bags of jewelry. This recession is hitting everybody,’ Longoria said.”
“New customers are finding out a lot more than they bargained for at their local pawnshop. John Martin, a jewelry professional at Gems N’ Loans, which has locations in Vista and Escondido, said a woman recently expected hundreds if not thousands of dollars for the diamond ring she received as a gift, only to find out it was zirconium.”
“‘She said, ‘It’s a diamond,’ and I said, ‘It’s not,’ Martin recalled. ‘Then she said, ‘That son of a b… !’”
You Can’t Sell Anything Right Now In California
How Pathetic
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
0
Comments
<< <i>I cant believe the cubic zirconia market has faltered, what will be next??? >>
Counterfeits from China might be next! Suddenly there will be a drop off in sales on ebay
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
SALES are the key to a pawnshop.
VERY few items are selling at pawnshops. Tools are too cheap and small diamonds have NO buyers.
It better MELT if yer gonna take it.
We've come a long way baby.
Or as is said in California :
Hemos venido una manera larga, bebé.
``https://ebay.us/m/KxolR5
<< <i>I was just offered more for my house than I paid for it in 2006 ... location, location, location
Mine as well...it all depends on the location.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
U.S. Type Set
The pawn shops around Phoenix are full of new ( fresh ) jewelery and coins, all priced skyhigh and getting stale quick.
I like the " it better melt" rule