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Made A Gun Seller Really Mad Friday At Pawn Shop
dav1965
Member Posts: 26,540 ✭✭✭
They have 4 girls and 2 men working at the pawn shop. They waited until a woman waited on them and tried to get 200 dollars for a New Haven single shot shotgun.
The gun was in really decent shape with a color cased receiver but i told them that they sell for 149 to 179 no more than that. I always tell them to use gunbroker.
The gun was in really decent shape with a color cased receiver but i told them that they sell for 149 to 179 no more than that. I always tell them to use gunbroker.
Comments
He sold me all 3 really really cheep. The are worried about liability issues.
They have a very bad habit about paying to much for a gun. There was one girl that was really bad but she dont work there anymore but that lady bought a 22 cal pellet gun and thought it was a 22lr and logged it in the firearms book.
I ask the customer if they mind if i look at it. If they mind i dont care. They will tell a customer quick the only way you are getting more money for the gun is if i say yes. Plus i always find a simulare gun on gb and explain why it is worth what it is.
Expecting 200 dollars from a single shot New Hanover Arms 12 gauge is a bit much unless people on this forum want some let me know i can sell a few.
I have not and would not get in there business unless they ask. The customers or the shops. Now i have followed some people out and bought things they turned down or paid 5 more bucks however never in the store.
You should seriously reconsider your "help" in this store.
I've had "experts" tell me that pawn shops are over-priced but its so you can haggle them down.
No, it so they can sell used guns for more than new price to the unsuspecting.
I won't even attempt to talk a gun down 60% - I can't keep a straight face while listening to all their BS.
All the time, in the back of my mind I know they acquired it for a fraction of its true value, most likely from someone truly hurting for a little cash.
In my younger days I used pawnshops between paydays. I was taken advantage of.
Upper management should put you on the payroll if they have you making business decisions for them.
I worked in a pawn shop for six years - the most depressing years of my life, I might add. In our city, the law dictated we hold pawned merchandise for 90 days before it defaulted to the store. A loan on any object invoked an immediate 10% interest, plus an additional 10% per month. Again, that's what the city set as the law, not the store. If you borrow $100 on a gun, that means that after 90 days (assuming you didn't come back) the store has $140 "invested" in that gun. If the store then applies a minimum 25% markup, it can't price that gun for less than $175. Less than that, and the store loses money.
Knowing that, the store would be stupid to loan more than $100 on a $200 value gun. Or "dicker" on the sticker price if it marked it for full $200 value. That's why a pawn shop will never loan more than half of an object's worth, and seldom dickers much on the sticker price of defaulted items. It can't. Those are economic facts.
This ^^ is 100% true.
Then again, those who have never worked in an industry ALWAY know more than those who have!
We have enough gun laws, what we need is IDIOT control.
Blood makes you related. Loyalty makes you family.
I thought getting old would take longer. :shock:
Bought a couple guns in the past couple years cheap that way.
I do work for the pawnshop sometimes. I go through the guns about every 2 weeks and perform checks on them. I have found 3 that shoots with the safety on. I bought all 3. The cheapest was an old 22 for 5 dollars. LOL
I also fix there gas engines when they dont start.
way I see it is they bought it for what they wanted to pay, I will make an offer for what I want to pay, if they don't like it they can say no, same goes at gun show, when people come up and lowball me at the table I just look at em and say no thanks.........
I was a young airman recently stationed at Elmendorf AFB in Anchorage Alaska. I needed all the cash I could get my hands on to get my family to Alaska so I sold my two guns, a Remington 1100 and a Ruger Blackhawk 357 to a pawn shop. At a huge loss, I might add. But I was in a hurry and needed the money, NOW!
After getting settled in Anchorage and putting a few bucks aside I went shopping for another Ruger. List price for a brand new Blackhawk was $116. I had $100.
The legit gun shops (Mt View Guns, Turpin Gun shop, Great Northern Guns, Muldoon Guns, Sears, and others) around Anchorage had them....new for for $116. I decided I would settle for a used one if I could find one in decent shape and a price tag something less than $100 was mandatory. There was no sales tax in Anchorage and no background check with the associated fees in those days.
I discovered used pawnshop Blackhawks around the city ran from $120 to $160. Those were the pipeline days and the place was flush with money. (The hookers were driving matching white Lincolns with personalized plates. There was Amber and Missy and Fawn. Soooo cute.)
I arrived at a little pawn shop on 4th ave that I had visited before. The store was just wide enough for a sales counter separating the customers from the employees" area. And customers had to slip through single-file. The place was owned by a big-mouth mountain of a man that must have weighed 500 pounds. I did not care for his belligerent attitude but I was desperate for a bear gun. When he came out from behind the counter the customers squirted to the back of the store and out the front door to let that monster of a man to move either in or out.
If I remember correctly the pawn shop was between the Army-Navy store and a bar/liquor store. Someone help me out here. Maybe a porn book store in there somewhere?
Anyhoo, I paused amd looked in the front window and there was a brand-new Ruger Blackhawk 357 magnum, in the box, with the papers. And a price tag of $179.99!
When I asked about the lowest price for the Ruger 357, while pointing toward the window, the lady behind the counter immediately pulled a ratty used one from the display case and set it on the counter; then she looked to see where I was pointing.
About this time, Mr Huge Big-mouth came barreling down my side of the counter, heading for the door. I made myself as small as possible and hid amongst the hanging guitars.
"i'M GOIN' TO LUNCH, HONEY! SEE YA IN A COUPLE 'OURS!"
"This feller here is interested in that Ruger." She said, pointing toward the front window. "What's the least you'll take? He's a GI !"
70 smackers he bellowed, without looking. And he was gone.
"There you go, honey." She said as she retrieved the brand-new Ruger from the window.
"Are you sure?" I asked.
"He's the boss." she responded. "WE DO WHAT HE SAYS!"
I carried that Ruger for several years until I could afford a new 44 magnum from the BX. I sold the 357 to a guy heading for a remote assignment.
Sooooo, there are some deals to be had.
Amazing how that works, huh?
So did the store employee ask for your opinion of the firearm?
If not, you were way, way out of line IMO.
We have enough gun laws, what we need is IDIOT control.
Blood makes you related. Loyalty makes you family.
I thought getting old would take longer. :shock:
Yep, same here. Off the top of my head I can only recall 2 things I bought in pawn shops. One time I bought a Canon 35mm camera, and about two years ago I bought a good heavy duty forged adjustable receiver hitch ball mount with a 2-5/16 ball for 50 bucks.
Tried to buy a 1898 Krag at one of the pawn shops up by Fort Lewis. The old beast was pretty beat, but I had wanted one for a long time. They wanted $395, and I offered them $325 out the door, which was way more than I wanted to pay. But like I say, I had wanted one for a long time. The guy comes back with $350, so I left it there. 13 months later we stopped in there again on our way back from a gun show, and the same rifle was still in the rack......
Not a bad deal but I am strapped at the moment.
Picked up four Colt commander stainless magazines for 40 bucks a while back, pretty good deal.
When the scammer gets scammed it called leveling the field.
True of every virtually ever job. Pawn Shops are not unique. Lots of people know how to be cops too, that have never done the job a day in their lives. You name it and someone is out there that is going to tell you how to do it better, when they've never done it a day in their lives.
I haven't been on the receiving end of that sort of thing, however someone in the business is legally presumed to be better informed than the casual participant. And under certain circumstances that business can be held to a higher standard than good faith and reasonableness. In short, my 85 year old mother selling off an 8" nickel never fired Colt Python for $100.00 to a gun store may allow her to later claim the gun store didn't act in greater than good faith nor was the deal reasonable, experts that they are in the field. They may have a duty to inform her of the gun's value. However the reverse is not necessarily true. If the gun store turns around and sells that Python to someone for $110.00 they'd have a difficult time claiming ignorance of the value. And dear old Mom could still go after them for the about $3K difference in their deal.
FWIW, I was at a LGS a few years back and they had the usual collection bin of used scopes for sale. Including a 4X power marked Ordnance Optics brand. I think they had $5.00 on it. One of my 1st rifles was a Carcano bought by my pop +55 years back. I remembered the name and why it had some value. Bit of a challenge telling a gunstore owner their $5.00 Japanese scope is work about 100 times that, but I did without hesitation. So morally I agree with you, but it is a bit different, pro to novice so to speak.
I've bought a few things worth the money in pawn shops. I can recall 3 guns I've bought. A new looking Winchester pump with all the choke tubes that I gave to my brother, a scoped Savage 110 30-06, I gave it to one of my sons, and a 67A Winchester .22 for that I gave to myself, I shot a squirrel with it the other day. I remember I gave $55 out the door for the 67A and at the time it was hard to find one for less than a $100.
I've seen those with a Snap On Tool set with a value of $400 ask to borrow $50 ~ and never redeem their pawned item so it goes out for sale.
I've seen people ask to borrow 1/10th the value on jewelry ~ and never redeem their pawned item so it goes out for sale.
I've seen people ask to borrow $100 on a firearm worth $600 and never redeem their pawned item so it goes out for sale.
Often, it is NOT the pawnbroker who is purposely taking advantage ~ it's the customer who fails to honor their contract and return for their pledged merchandise. And that is NOT the fault of the pawnbroker.
We have enough gun laws, what we need is IDIOT control.
Blood makes you related. Loyalty makes you family.
I thought getting old would take longer. :shock:
I suspect often - but not always - anyone that takes out that small of a loan on something that valuable, might not have much invested in it.
I went to a local one thinking it was a gun store. It is technically a pawn shop but they only pawn guns and accessories so not sure that counts. I have became good friends with a local single man pawn shop. I was told about him 20+ years ago because he had $10 transfers. He has kept them at that price for me though for everyone else it has went up. Recently I have started getting delayed for some reason. I call him after I see the gun arrives and he starts the paperwork so I don't have to drive clear across town twice due to the delay.
Good point. The borrower is often requesting $$$ based not on value but what they reasonably believe they can promptly pay back.
"Never do wrong to make a friend----or to keep one".....Robert E. Lee
Most likely are intelligent enough to realize the amount requested is all they really need to get by and refuse to borrowm above their ability to repay.
Also, I've seen people pawn a bag of jewelry and renew it every month for nearly 3 years then come in to redeem it. They pay the amount due, sort thru the bag of jewelry, select the items they want and just leave the rest on the counter as they walk out the door. I've seen it happen.
We have enough gun laws, what we need is IDIOT control.
Blood makes you related. Loyalty makes you family.
I thought getting old would take longer. :shock: