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Went to see the guys at Pawn Stars today in Vegas
coinsarefun
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They had some really great deals. on coins.
Silver Ikes in goverment holder $90
Blue Ikes were going for only $70
2001 silver proof set.... a steal at $125
1884-CC blast white low MS was $300
and a bunch of Morgans in PCGS holders in genny holders.
Didn't see the Spanish 8 reales they just bought, I think they
paid $8k for it, that one was a looker on tv
Chumly was in the back with about 50 people
waiting in line to get a picture with him.
I was really tempted to buy the store out
as their prices were so reasonable
Silver Ikes in goverment holder $90
Blue Ikes were going for only $70
2001 silver proof set.... a steal at $125
1884-CC blast white low MS was $300
and a bunch of Morgans in PCGS holders in genny holders.
Didn't see the Spanish 8 reales they just bought, I think they
paid $8k for it, that one was a looker on tv
Chumly was in the back with about 50 people
waiting in line to get a picture with him.
I was really tempted to buy the store out
as their prices were so reasonable
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Comments
Ron
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
If the experts say an item is worth $18K and the pawn shop offers them $7 and they take it.....it's not the pawn shops fault as they are in business to make the most profit possible. If they were lying to the sellers and telling them the item was only worth $7k then I would side with the sellers.
``https://ebay.us/m/KxolR5
The Old Man trips me out.
My brother went to Vegas in January for the SHOT show and he stopped by the Pawn Stars shop. He said it was a dump and that TV makes it look better than it really is. He asked Rick about some of the stuff he bought and he had long sold it. These episodes are aired way after the items come in.
Stef, did you jump on the bouncer right when you walked in to let them know you meant business?
Too many positive BST transactions with too many members to list.
<< <i>Remember that at virtually all pawn shops the prices are negotiable. Nobody said the listed prices are absolute. >>
Yea, but you are starting off at three or four times what something is worth, it hardly seems worthwhile to negociate.
When I was kid I had couple dealers cut their asking prices in half, but I've never seen them go down by 10 or 25 percent of marked price.
Shoulda asked where the cameras were too....mugging for the cameras is cool
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>Shoulda offered to sell him the same things for 1/2 his ask.......tell him he could double his money on the Ikes
Shoulda asked where the cameras were too....mugging for the cameras is cool
That's what we were talking about
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The picker show is a nightmare. These guys go around and look for hoarders--and the most often thing you hear is naw, I dont wanna sell that. And its junk--show me a coin hoarder, with a big room stuffed with bags and rolls--now thats a show Ill watch. And as for the hoarders--they value that junk--they arent getting ripped off, I think the pickers are getting ripped--cause they have to clean it, and find a sucker to buy it.
Everyone that brings them something, they have to call 'the guy'. What the heck. They have a storefront but don't know anything about anything.......
<< <i>come on...its totally scripted out for drama....its TV ... you cant believe anything on these shows.... they edit them to make sound bites interesting >>
I agree, but they could make a heckuva You Tube Video at Coinfest!
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
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but I like the antiques roadshow better,
and to me it seems more honest.
<< <i>I really like the show...watch it all the time including last night when a guy brough in a shipwreck gold bar. The thing is this....yes they low ball the sellers but it's ultimately up to the seller whether he wants to take the offer and walk out. I mean if I have something of value then I am going to go to an auction house etc....not going to a pawn shop so people need to be smarter and do some research if they want to maximize their profits when selling antuques and collectibles.
If the experts say an item is worth $18K and the pawn shop offers them $7 and they take it.....it's not the pawn shops fault as they are in business to make the most profit possible. If they were lying to the sellers and telling them the item was only worth $7k then I would side with the sellers. >>
If you're dumb enough to stand there as the expert says something will sell at auction for $20K and then take the $7K offer... well, you get what you deserve.
I also think most of the stuff they buy is staged... just for your tv consumption.
And for a limited time, you can spend the money to hang out with all of them right
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Happy Bidding!
Steve
In memory of the USAF Security Forces lost: A1C Elizabeth N. Jacobson, 9/28/05; SSgt Brian McElroy, 1/22/06; TSgt Jason Norton, 1/22/06; A1C Lee Chavis, 10/14/06; SSgt John Self, 5/14/07; A1C Jason Nathan, 6/23/07; SSgt Travis Griffin, 4/3/08; 1Lt Joseph Helton, 9/8/09; SrA Nicholas J. Alden, 3/3/2011. God Bless them and all those who have lost loved ones in this war. I will never forget their loss.
<< <i>interesting show,
but I like the antiques roadshow better,
and to me it seems more honest. >>
Antiques Roadshow is fine but the numbers that the experts give are baloney. The only quotes and appraisals that are worth anything are those backed by an offer to buy. Personally I love the show because of the interplay between the generations. It hits close to home seeing as I work at a coin shop with my father as well as the owner and 3 of his offspring.
<< <i>I can't stand the show.
Everyone that brings them something, they have to call 'the guy'. What the heck. They have a storefront but don't know anything about anything....... >>
But thats a way to get some "history" discussed in the show.
......I collect old stuff......
<< <i>
And for a limited time, you can spend the money to hang out with all of them right
HERE.
Happy Bidding!
Steve >>
That's just way too funny
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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It just goes to show that anybody with a 4th grade education can make it on tv.....
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
<< <i>I wonder if Chumly in his wildest dreams ever thought he'd be a TV star??
It just goes to show that anybody with a 4th grade education can make it on tv.....
Goes to show ya what happens when your in right time in the right place with the right friend
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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sale, you would be bored out of your gourd. I kinda enjoy the experts expounding
on antique items. Sometimes ,I even learn something new.
Camelot
As far as they being rip off artist, would you be willing to go all around the country scrounging for stuff and not make a profit? They just had a special day for the "Pickers" in their home town.
I find the show entertaining as I also do with Pawn Stars. The key word there is entertainment, but you can also learn something along the way.
Pete
Louis Armstrong
That's the best part of the show, IMO...at least at that point you learn something about the history of the item and its significance...the show wouldn't be half as interesting without that aspect. I also disagree that these guys are ripping people off. After all, they allow the buyer to listen to the assessment of value and in many cases, they get far more for the item than even they were hoping to get.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i>Everyone that brings them something, they have to call 'the guy'. What the heck. They have a storefront but don't know anything about anything.......
That's the best part of the show, IMO...at least at that point you learn something about the history of the item and its significance...the show wouldn't be half as interesting without that aspect. I also disagree that these guys are ripping people off. After all, they allow the buyer to listen to the assessment of value and in many cases, they get far more for the item than even they were hoping to get. >>
Anyone else wonder if half the time they don't really have to "call in" a guy, but it's rather just an advertising gimmick for the "experts"? Some of the stuff they call in for you can tell the guys already know...
What's your opinion of a check cashing business?
Or that of an investment banker for that matter?
``https://ebay.us/m/KxolR5
<< <i>I wonder if Chumly in his wildest dreams ever thought he'd be a TV star??
It just goes to show that anybody with a 4th grade education can make it on tv.....
Chumly is a very good salesman when he wants to be. Likeable.
Free Trial
That's the best part of the show, IMO...at least at that point you learn something about the history of the item and its significance...the show wouldn't be half as interesting without that aspect. I also disagree that these guys are ripping people off. After all, they allow the buyer to listen to the assessment of value and in many cases, they get far more for the item than even they were hoping to get. >>
Anyone else wonder if half the time they don't really have to "call in" a guy, but it's rather just an advertising gimmick for the "experts"? Some of the stuff they call in for you can tell the guys already know...
I don't think it's as much an advertising "gimmick" as much as it is just making the show a bit more interesting for the viewer. After all, the show would be pretty boring if all we saw were price negotiating for the entire 30 minutes. Let's face it, no show, especially a "reality" show isn't scripted to begin with, but I don't think anyone thinks what they are seeing is actual reality since this is TV, after all.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
" I have this rare coin, I don't know what it is worth, what will you pay me for it?"
"This is a very rare High Relief. It is graded PCGS (OR NGC) as MS63.
It is worth about $19,000. I'll pay you $10,000 for it"
"Wow, that's great, I'll take it!"
This message board would be abuzzzzzzzzzzzzzzzzzz! with people talking about
how this poor guy got RIPPED OFF!
But somehow, it's ok for pawnshops to do this?
I don't understand this way of thinking!
<< <i>If they filmed a guy walking into a coin shop and the scenario is.....
" I have this rare coin, I don't know what it is worth, what will you pay me for it?"
"This is a very rare High Relief. It is graded PCGS (OR NGC) as MS63.
It is worth about $19,000. I'll pay you $10,000 for it"
"Wow, that's great, I'll take it!"
This message board would be abuzzzzzzzzzzzzzzzzzz! with people talking about
how this poor guy got RIPPED OFF!
But somehow, it's ok for pawnshops to do this?
I don't understand this way of thinking! >>
Capitalism. Whatever a buyer and seller of free mind agree to is legal and ethically sound.
Free Trial
<< <i>If they filmed a guy walking into a coin shop and the scenario is.....
" I have this rare coin, I don't know what it is worth, what will you pay me for it?"
"This is a very rare High Relief. It is graded PCGS (OR NGC) as MS63.
It is worth about $19,000. I'll pay you $10,000 for it"
"Wow, that's great, I'll take it!"
This message board would be abuzzzzzzzzzzzzzzzzzz! with people talking about
how this poor guy got RIPPED OFF!
But somehow, it's ok for pawnshops to do this?
I don't understand this way of thinking! >>
It depends on the scale. The way I look at it is that a coin dealer has specialized clientele and specialized knowledge. They should be able to pay more and move an item quickly. A pawn shop is not your typical buyer, in that they are usually providing faster money than having to shop an item around, and their wares are much more varied, meaning finding a buyer can take much longer. This isn't to condone total low-ball offers, but it explains why the prices are, in general, lower than at a coin shop. After all, if the buyers of these items sought out specialized stores, they would net more... and likely wait longer and spend more effort to get that increase.
Years ago when i had a company that modified and made parts for ATV's i was amazed at how many offers i got to be in magazines and have articles written....... as long as i was willing to write the writer a check. I got a couple of freebies and then every writer that wrote for that type of magazine would call wanting to do a story or show a build up on THIER personal atv that i provided all the labor and parts for. lol
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
So on that thought both shows meet that criteria.
Ron
<< <i>It's funny how people who have never run a business think their process is so unfair. I admit it's an assumption that they haven't owned a business, but I think I'm safe with this one. The word "fair" is so overused with ignorant thought. >>
I agree,
I've been self-employed all my life and eventhough I'm not 100% behind these pawnstars and their business practices I must admit that I've always thought the same thing too - that is, when someone cries foul about a transaction not being 'fair', obviously they have never run their own business.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
because even if it did sell for $10K in 4-6 months after commssions and any extra advertising I did, it could take a couple months more to get $7-8K after commsions/fees
People go to pawn shops to get cash now
if they wanted retail prices (and willing to wait for it) they would try craigslist, newspapers, eBay, message boards,.....
When the pawn shop guys make a rip, on national TV, often with an industry expert right next to the seller and fully disclosed guidance on the item's potential worth, they also earn "you suck" comments.
I'm just saying.....
It is entertainment and taken way too seriously by some here. As has been said, they give the true value of an item, offer less (duh!), and the seller either accepts the offer or walks away with the knowledge of what his item is worth.
As anyone that has ever actually been in the store during the day can confirm, it is a madhouse, and filming requires a lock down with only a few customers inside.
FYI: Big Hoss (son) drives a new E500 Mercedes, Chum pulled up in his Altima. Wonder who gets paid more?
<< <i>When someone posts here about their recent rip, that was made anonymously and salaciously through a keyboard, with no prior notification to the seller about the item's potential worth, they earn "you suck" comments.
When the pawn shop guys make a rip, on national TV, often with an industry expert right next to the seller and fully disclosed guidance on the item's potential worth, they also earn "you suck" comments.
I'm just saying..... >>
Don't you know, here it's OK for a collector to rip a dealer, but not OK for a dealer to rip a collector!!
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>Guess I have to jump in and defend the "Pickers". They are actually nice guys, and pay people what they ask or what they accept. Most of the time, the stuff they buy is just laying around rusting away. At least when they get it, it is rescued. Otherwise a junkman would give them metal value for most of it.
As far as they being rip off artist, would you be willing to go all around the country scrounging for stuff and not make a profit? They just had a special day for the "Pickers" in their home town.
I find the show entertaining as I also do with Pawn Stars. The key word there is entertainment, but you can also learn something along the way.
Pete >>
Whiskey Tango Foxtrot?
I don't think that's a "ripoff" per se because the owners of that item know what something is worth (i.e. the value is disclosed to them) and choose to let it go for a lot less. If the pawn shop folks claimed a $10,000 item was worth $3,000 and offered $2,000, that would be fraud. But that isn't the case here. I guess the sad thing is that there must be a lot of desperation to take low ball offers on stuff you know is worth a lot more, just because you can get cash on the spot.
<< <i>Are they as entertaining in person as they are on the television ? >>
I have been going to that place for at least 8 years. Back then they did not have as much merchandise
and I don't remember meeting any of those guys but I have seen the Old Man and now Chumly.
I have bought other items from them and all of their people are friendly and joke around.
So most of that is not an act for TV. It just struck me funny to see such common items for crazy prices
I also have bargained with them on items many times whereas that does not happen in Los Angeles
or in in most other states I have gone to.
I must have hit 80% of all Pawn Shops in Cali, Nevada and Arizona and most are nasty, ill mannered, obnoxious people.
The prize winner was in Mesa, Az and asked if he has any silver dollars and he stated yes................after about 30 seconds passed
with no other reply from him I asked if I could see them?......His answer was a loud NO!!!. I'm thinking in my mind.......OK typical nut, I''l take the bait and asked
.......why not?.............answer BECAUSE!!! I have over 400 of them, are you going to buy all 400???? My reply was.....well probably
but because you are so loud and screaming at me I will decline and you may go sell it to the local coin dealer. He replied, THAT"S WHAT I ALWAYS DO!!!
shezzz, what a nut.
So I would say the Pawn Stars Guy's actually give pawn shop owners' a better name then they have had in the past.
I still go there when there is not a busload of people waiting to get in the door and do watch them all the time because they
are entertaining and I would think by all the PCGS Genny holders in their cases, they are learning about coins as well
As far as American Pickers go, I used to watch and still do once in a while. They are entertaining as well
and it is true that if they did not go out into these yards and dig through them, it would just rot and disappear.
They have not always picked well, fetching only a few dollars over what they paid. Taking into account all expenses such as
vehicle maintenance, gas, food lodging and their own time, do the math.......they don't always make huge rips.
The only reason I watch it a little less often lately is that the skinnier guy tends to rub my nerves raw after a while of watching him,
can't explain it.....he just does
But I stand up for them too, everyone loves a good rip and believe you me if you go to yard sales or do what they do you should
see what happen when the shoe is on the other foot.
When the homeowners have sales and get outrageous prices on newbie collectors. So the pendulum swings both ways
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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<< <i>I have a bigger problem with that American Pickers show. Now those guys should be ashamed of themselves. >>
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Strong words for a man who lives by billable hours.
Now the American Pickers show is interesting in that we all see their occasional 'Rip' and think they have taken advantage of some old uninformed person when they buy something for $200 thats worth $600-$1000.
Knowledge has a value whether it is medicine, law or antiques.
I'll ask you this............using your customary hourly rate if you and a partner spent 1 hour driving each way and 2 hours looking and haggling and in the end spent $500 on purchases then you spent an additional 1 hour in selling said purchases what would your selling price have to be to break even??
I won't even get into travel expenses, staff, storage, advertising, etc.
Be honest................ What would you have to sell the $500 item for to break even??