Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

9 Business Lessons from a Pawn Shop Pro

October 30th, 2011. Filed Under: Uncategorized. Tags: ,

From Business News Daily Dot Com

By BusinessNewsDaily Staff

With almost 30 percent of Americans possessing no checking accounts or credit resources, pawn shops like the Columbus, Ga.-based Money Mizer Pawns & Jewelers are increasingly becoming a primary resource for small loans. That, combined with the rising price of gold and silver, has made pawn shops as popular today as they’ve ever been.

Money Mizer’s CEO Robbie Whitten has learned a thing or two about dealing with customers in his 30 years in the pawn business. He shares a few of those tips with BusinessNewsDaily readers.

Lesson 1 – Never assume by the way a customer is dressed that he doesn’t have any money. I had a guy come in dressed in overalls, shot-out shoes, hair messed up and smelling like he hadn’t had a bath in three days. He was looking at jewelry and no one wanted to wait on him, so I approached the customer and treated him respectfully, and he purchased a diamond ring for $8,500 and paid in cash.

Lesson 2 – Never take a credit card over the phone from someone you don’t know. I sold a Rolex Submariner on eBay back in the early days of eBay and before PayPal. I took a credit card over the phone. The card went through perfectly so I shipped the Rolex. A few days later I received a call from the credit card company ? come to find out the card was stolen. I ended up with no money and no Rolex.

Lesson 3 – Move inventory around in the store, kind of like grocery stores do. It keeps repeat customers from seeing the same old stuff sitting in the same spot time and time again. Also, if you have some inventory sitting for a while and not selling, mark it down and move it – even if you have to take a loss occasionally. As they always say, time is money.

Lesson 4 – Always treat customers kindly and greet them when they come into your store. Be attentive to their needs (talk to them, for god’s sake), be happy and smile. Why do you think Walmart has greeters at the front doors?

Lesson 5 – Be very careful extending credit to a friend or family member without collateral. I learned this lesson years ago when I extended credit on a purchase to a good high school buddy of mine. He never paid a dime and I haven’t seen or heard from him in over 30 years.

Lesson 6 – Your best advertising is word of mouth. We spend approximately $100,000 a year on advertising and it is very effective. However, your customer’s word of mouth is the best advertising in the world. Keep your customers happy and remember the old saying: A happy customer will tell a friend about your business; an unhappy customer will tell 10 friends about your business.

Lesson 7 – Even though we’re in business to make a profit, be charitable on occasion to customers that are truly desperate. Use your judgment, but when a customer asks for a deal or needs a break, show some compassion.

Lesson 8 – Stay ahead of the game in your industry and always be one step ahead of your competition. Be the one that tries new strategies, new advertising campaigns, keep up with new technologies like social media (Facebook, Twitter, LinkedIn, etc.). These are simple things that could turn into profits and new customers.

Lesson 9 – Learn something new every day. Never think to yourself for one minute you know it all. Not a day goes by – even after 31 years in the pawn business – that I don’t look to others in the industry for new ideas, methods, and information to learn something new and make more profits. I’m not bragging, but you can bet your bottom dollar that my pawn shops make 2-3 times more in profits than competition in my markets.

Money Mizer currently has three corporate-owned locations, in Columbus, Ga., and Phenix City and Dothan, Ala., as well as one franchised location in Auburn, Ala. After launching its franchise program in 2008, the chain expects to sell 10 to 15 franchises in 2011, with 150 locations open by the end of 2015.

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

If its Old or Gold, We want It!

October 26th, 2011. Filed Under: Uncategorized. Tags:

Maybe you have heard that before, but we mean it. If you have anything that is old, or any Gold, silver, or diamond jewelry, we want it. So what, you say, everyone wants it. This may be true, every day, there are more stores and individuals popping up or passing through town who want to buy your stuff.

There is a reason for this. Most of them are lowballing unsuspecting consumers to death.

The reason everyone wants to be into gold buying, buying coins, guitars, or whatever else they think of is because they want to steal it.
A lot of new buyers are betting on the hope that you don’t know what you have. Believe me, if you don’t know what its worth and they do, they are probably not gonna tell you. They are gonna make you an offer they think you will take, it might even sound good to you. Especially if you just cleaned out all your broken jewelry you bought years ago, or inherited a vintage guitar you cant play and don’t know anything about.

If you don’t know what its worth, find out first.

Check with someone who is trustworthy and reliable, Like us. Mid-South Pawn has been buying, selling, and loaning you cash since 1992. You don’t stay in business that long by ripping people off. We have been around for the long haul. We will be here for you now and in the future because we treat you right. Come in and check us out. Brian and his friendly team will tell you straight out. We know what your stuff is worth today. This is what we do. We don’t buy gold and guitars for a hobby, We don’t travel around the country, we don’t need to. We are here for you. We are serious. We want to get you the cash you want and need. We want to be here for you. You need cash, we want you to get it from us. We want to do business with you for a lifetime, not just one time.

Come on in and see!

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

We’re still here

October 23rd, 2011. Filed Under: Uncategorized. Tags:

You may have seen some of the ads for the traveling hotel buyers lately. They are kind of hard to miss, the ads that is. The buyers are already gone. Just breeze through, haul off treasure and leave town till the next time they pass through. We are still here though. Mid-South Pawn has been buying your precious metals, Gold, Silver, Diamonds, and lots more, since 1992. We are here for you today. We will be here for you tomorrow.

We want to be your choice when you need cash. You want a secure, confidential source to meet your cash needs? A safe place to sell your gold? A great deal on a previously loved LCD TV? We can help with that. We have been in the same location, in the same town for almost 20 years. You can count on us when you need cash.

You can sell your stuff to us if you want. You don’t have to sell to get cash. We loan on your gold, guns, guitars and a whole lot more! Try that at the hotel, oh yeah, forgot, they are already outta here, on to the next stop. Missed them? That’s all right, We are still here. Waiting to assist you with cash.

Come see us today!

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

Things Still Made in America

October 21st, 2011. Filed Under: Uncategorized. Tags: , , ,

From TheStreet
by Joe Mont
Wednesday, October 19, 2011

Once perceived as “American” brands, Levis, Wrangler and Radio Flyer red wagons are now made either south of the border or overseas.

Even that all-American paean to capitalism — the Monopoly game — has a workforce in Ireland that is churning out all those red hotels and green houses for Hasbro (HAS – News). Gerber may control nearly 80% of the country’s baby food market, but since 1994 the company (owned by Nestle (NSRGY – News) after a $5.5 billion purchase from Novartis (NVS – News)), has been manufacturing overseas, abandoning its longstanding roots as a Michigan company.

Last month, a study conducted by global management consulting firm Booz & Co. with the University of Michigan’s Tauber Institute for Global Operations, said the future of U.S. manufacturing is being decided now.

“Today, U.S. manufacturers provide about 75% of the products that Americans consume,” the study says. “But that number could soar to 95% within a few years if business and government leaders take the right actions. Conversely, if the sector remains neglected, that output could fall by half, meeting less than 40% of U.S. demand.”

The report was based on a sector-by-sector analysis of U.S. industrial competitiveness, along with a survey of 200 manufacturing executives and experts.

Among the recommendations:

The U.S. needs to build a better future with Mexico, shifting less-demanding, labor-intensive processes to that country while helping build a safer consumer economy there and retaining highly skilled work in the U.S.

America needs more robust manufacturing-education programs, immigration reform and to promote the attractiveness of manufacturing careers.

Public and private sectors can build geographical concentrations of suppliers, service providers and academic institutions, reinforced by investments in infrastructure.

The country needs also to simplify and streamline the tax and regulatory structure. The official statutory corporate tax rate stands at 39%. Closing the gap between statutory and effective rates (typically 28%) would be a revenue-neutral way to put U.S. manufacturing on a level global playing field.

While government officials debate these and other proposals, consumers can take matters into their own hands by buying American-made goods.

The following are things you can still buy that fit that category:

Motorcycles

Among the many points of pride for Harley-Davidson (HOG – News) owners is that the motorcycles are designed and made in the U.S.

In 1901, William Harley, a young man living in Milwaukee, came up with the concept of meshing a small engine with a bicycle frame. After considerable trial and error, Harley, working with his friends Arthur and Walter Davidson, developed a prototype of what would later evolve into the modern motorcycle.

In 1906, Harley and the Davidsons opened the Wisconsin factory that, to this day, serves as Harley-Davidson’s corporate headquarters today.

While touting its U.S. workforce, the company has battled the import market for decades.

In 1952, it unsuccessfully lobbied for a 40% tax on imported motorcycles, but in the 1980s the company’s complaints over Japanese imports led President Ronald Reagan to impose a five-year tariff plan. That 1983 plan raised the tariff of 4.4% all the way to 49.4% on Japanese imports with engines larger than 700 CCs, gradually decreasing, year-by-year, back down to 4.4%.

In 1987, declaring itself profitable and competitive once again, Harley-Davidson made the surprising move of advocating that the tariff schedule be stopped a year early.

A frequent debate among motorcycle enthusiasts has long been whether Harley-Davidson deserves the “made in the U.S.A.” distinction, as various parts are imported from Japan, Germany, Italy and even Australia.

Also made in the U.S. since 1998 are Victory Motorcycles, based in Spirit Lake, Iowa. It is owned by Polaris, a Minnesota company best known as a manufacturer of snowmobiles. Polaris also owns the U.S.-made Indian Motorcycle brand.

Sports Equipment

No sport embodies Americana quite like baseball, and fans should be pleased to note that the classic Louisville Slugger baseball bat — used by approximately 60% of all Major League Baseball players — is indeed made here in the U.S.

The 120-year history of the bat starts with a 17-year-old named John A. “Bud” Hillerich, whose father owned a woodworking shop in Louisville, Ky., in the 1880s.

Legend has it — as told in the company’s official history — that in 1884, Hillerich was attending a game played by the Louisville Eclipse when its star player, mired in a hitting slump, broke his bat. The young man offered to carve a new bat for the player; after a three-hit game the next day, word of mouth spread throughout the team and orders for bats started coming in at a brisk pace.

Hillerich’s father, despite initial resistance, agreed to add bat making to his traditional trade of making stair railings and butter churns. In 1894, the name Louisville Slugger was registered with the U.S. Patent Office and, in the early 1900s, it pioneered a sports marketing concept by paying Hall of Fame hitter Honus Wagner to use his name on a bat.

Football fans are also doing their part for the U.S. economy.

Since 1941, Wilson Footballs has made the ball used in every NFL game (including all Super Bowls) and is the top manufacturer for the consumer market. Wilson also manufactures the official footballs of the NCAA.

Wilson’s official football is called “The Duke,” a reference to the nickname of the late New York Giants owner Wellington Mara.

In 1955, Wilson opened the Wilson Football factory in Ada, Ohio, described by the company as “the world’s only dedicated football factory.” Producing 4,000 footballs a day, the plant employs 120 people and production is done by hand.

According to the company, the NFL is the only major sports league whose balls are made in the United States. The cowhides come from cattle raised in Iowa, Kansas and Nebraska, with young, lean steers preferred over fat dairy cows because the leather is more resistant to stretching.

A less serious bit of sports equipment — the Whiffle Ball — was invented in the 1950s by a one-time semi-pro baseball player who created, and personally sold one by one, a ball to help kids throw curve balls.

Today, the family business maintains the longstanding tradition that every Whiffle Ball ever made is from Shelton, Conn.
Kitchen Appliances

Many kitchen appliances are still being cooked up in the U.S.

More from TheStreet.com:

• 10 Brand Names Gone, But Not Forgotten

• 10 Disastrous Moves by PR Companies

• 10 Remedies for an Ailing Post Office
KitchenAid mixers have been made in Greenville, Ohio, since 1941, at a factory employing nearly 700 people.

The mixer itself predates that plant by decades. Introduced in 1919, the product greatly expanded its sales in 1955 with a variety of color options. Today the mixers — with a distinctive silhouette that is actually trademarked — comes in 40 colors.

Building on the popularity of its iconic mixer, the company has since branched out into a wide variety of kitchen equipment, including dishwashers, cookware, ranges, refrigerators and even wine cellars, the majority of which are made in America, as are many (but not all) of the products sold by its parent company, Whirlpool (WHR – News).

According to the company, Whirlpool employs more U.S. workers than any other appliance manufacturer and “the United States continues to be the company’s largest market in terms of revenue, manufacturing presence and number of employees — more than 20,000 workers nationwide.”

Also made in America are Viking products, a line of ovens, ranges, refrigerators, dishwashers, cookware and small appliances.

The company, founded in 1989, not only has its headquarters in Greenwood, Miss.; it also maintains four manufacturing plants, a distribution center, a cooking school and its own restaurant.

Also built in the U.S. are the refrigeration units and freezers made by Sub-Zero.

Last October, GE (GE – News) announced it would invest $432 million to bolster U.S.-made refrigeration products with design and manufacturing centers in Louisville; Bloomington, Ind.; Decatur, Ala.; and Selmer, Tenn. As many as 500 jobs could be added through the expansion by 2014, according to the company.

Also being made by GE in America are water heaters, washers and dryers and dishwashers.

Guitars

Nothing screams rock ‘n’ roll quite like an electric guitar.

Founded in 1896 in Kalamazoo, Mich., the Gibson Guitar Co. created the first electric guitar in 1936. Known globally for its signature Les Paul edition and used by rock stars from Jimmy Page to Paul McCartney, Gibson is an ax of choice for many musicians.

The original Kalamazoo plant closed in 1984 and the company relocated to Nashville, where 500 employees handcraft as many as 2,500 Les Pauls, Flying Vs, Explorers, SGs and Firebirds each week. Other models, and custom-made guitars, are also made at the Tennessee factory.

Crayons and Toys
Crayola Crayons were created after inventors Edwin Binney and C. Harold Smith won a gold medal at the 1900 World’s Fair for their creation of a dustless chalk substitute for teachers.

Although the company formed as Crayola does have overseas production facilities, domestic crayons are still made in Easton, Pa., a factory that has churned out more than 1 billion crayons since opening in 1969.

Beyond crayons, there are still some American-made items for kids that aren’t cobbled together in Chinese factories.

Silly Putty was invented in the U.S. and is still made in Easton, Pa. Also made in Pennsylvania, in the jolly-sounding town of Hollidaysburg, is the Slinky.

True to its name, Vermont Teddy Bear does indeed stitch together furry friends in Burlington, Vt.

Pianos

Steinway (LVB – News) pianos, considered by many musicians to be the world’s finest, have been handcrafted in New York since 1853.

The company traces its roots to 1836, when German cabinet Heinrich Engelhard Steinweg built his first piano in this kitchen.

Within just 10 years, he would build 482 more pianos. In 1850, Steinweg and his family emigrated to the U.S. and in 1853, after changing the family name to Steinway, he and his family founded Steinway & Sons in a Manhattan loft on Varick Street. The company has remained in the city ever since.

By 2000, Steinway had sold 550,000 pianos.

In addition to its U.S.-made grand pianos, the company has the less expensive Boston and Essex brand pianos, which are made overseas.

Greeting Cards

The Great Recession and high unemployment have even worked their way into the messages offered on greeting cards.

In 2009, Hallmark introduced a line of greeting cards meant to express sympathy and support for those who have lost their job.

A grumpy-looking cat is pictured on one such card with the prose: “Heard about your job. Is there anywhere I could hack up a hairball, like, say, on a former employer’s head? Just wonderin’ …”

Another has a less humorous take: “Losing your job does not define you. What you do about it does. As you face what lies ahead, your strength will come from the determined and passionate person you are … the person I already know you to be.”

Given the audience, Hallmark stresses that all the cards are made in the U.S.

The $4.1 billion company sells its products in 100 countries and more than 40,000 stores in the U.S. Headquartered in Kansas City, Mo., Hallmark has manufacturing and distribution facilities in Missouri, Kansas, Connecticut, Georgia, Texas and Illinois. Among its subsidiaries is the previously mentioned Crayola.

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

How to Find Deals at a Pawn Shop

October 21st, 2011. Filed Under: Uncategorized. Tags: , , ,

From Mainstreet Dot Com

How to Find Deals at a Pawn Shop

By Jeanine Skowronski

NEW YORK (MainStreet) — Forget scouring thrift stores or garage sales. The real place to score some seriously awesome secondhand goods is your local pawn shop.

“There are a variety of items you can find good deals on at pawn shops,” says Reyne Haines, an antiques/vintage expert who has been featured on PBS’ Antiques Road Show. She explains that many pawn shops sell deeply discounted electronics, fine jewelry, musical instruments and an array of collectibles or antiques that can net high prices in their respective niche markets.

This diverse inventory has to do with a pawn shop’s business model.

“Most pawn brokers are retailers by default,” says Stephen Krupnik, a former pawnbroker and current industry consultant who wrote the book Pawnonomics. Instead, shop owners make a majority of their profits off of the loans they hand on items used as collateral. These pawns are held for a short period of time — typically between 30 to 90 days, depending on state laws — with interest, which also varies by establishment.

Krupnik says the hope is that the pawn’s owner will either make good on or extend their loan and, while pawnbrokers also purchase items outright, a majority of what winds up on their store’s floor is merchandise that was ultimately defaulted on.

These products are typically priced at a steal.

“We discount it at a low price because we want to move the merchandise,” says Seth Gold, co-owner of Detroit’s American Jewelry and Loan pawn shop.

Les Gold, the other owner of the American Jewelry and Loan pawn shop who co-stars with son Seth on truTV series Hardcore Pawn, says they hand out around 500 loans for every five items they buy outright. As a point of reference, their loans initially carry a 90-day redemption window with a 3% per month interest rate. There is also a $1 charge for storage.

“If we can make 10%, we’re happy,” adds Les, as the aim is to quickly bring in revenue to make more loans.
But it’s not just the need to liquidate that guarantees there will be some quality goods on sale.

“If you go into a pawn shop, there is always a lot of great stuff on sale, because owners wouldn’t have loaned money on it if they didn’t think they could make the sale,“ Krupnik points out.

How can you find the best items at the lowest prices? MainStreet asked the experts for a few tips.

Look for lesser-named brands or small-ticket items.

Pawn shop owners all have a certain amount of product knowledge so they can adequately price their loans or broker sales, but Krupnik points out “not all brokers are created equal.”

While most owners will be well-versed in big names like Apple, Tiffany, Cartier or Rolex, they are less apt to recognize or devote a lot of attention to smaller manufacturers, especially if they make lower-ticket items (essentially everything other than fine jewelry or electronics).

For instance, Haines says owners may not be overly familiar with Elgin watches (a brand popular amongst collectors), foreign manufacturers, sterling silver or costume jewelry. They’re also not always going to recognize an antique or vintage item every time they see one.

“A pawn dealer isn’t going to research every vinyl record that comes through the door,” she says.

As such, conscientious consumers can find great buys if they research a niche market they are visiting their local pawn shop.

“Knowledge is power,” Haines says. She suggests joining a collector’s club, visiting auction sites or buying an inexpensive book at the bookstore as way to better familiarize yourself with a particular item if you’re interested in some http://www.mainstreet.com/article/smart-spending/bargains/deals/trash-tr… trash-to-treasure steals.

Negotiate the price.

This is not to say that you can’t get a good deal on the big-ticket items as well. Krupnik says most pawnbrokers price merchandise at around one-third or half of the item’s retail value.

Additionally, unlike a luxury retailer or even a farmer’s market, it is perfectly acceptable to ask for a lower price on an item you are interested in. In fact, it’s almost expected.

“We have price tags on all the jewelry, but these are negotiable,” Seth says. He advises first-time customers to “always throw out a price” on the items they are seriously looking to buy.

Customers can also barter.

“You don’t necessarily have to pay cash,” Krupnik says.

Those who aren’t accustomed to price negotiations can find other tips for how to do so in MainStreet’s ultimate guide to haggling.

Pay attention to the product’s condition.

If it is antiques and collectibles you’re seeking, it is important to check the item completely to make sure it is in good condition.

“Buy something as pristine as can be,” Haines says. This is because scratches, rust, missing paint or missing parts can all “take away a majority of the item’s value.”

Find out the shop’s return policy.

Reputable pawn shops will have a return policy, Krupnik says, so inquiring about its terms and conditions is one of the easiest ways to verify the establishment is on the up and up.

“If [a shop] has no return policy, you should probably refrain from doing business with them,” he advises, unless the item is being sold on clearance or there is a defect the shop owner is telling you upfront about.

For more on how pawn shops have changed recently, check out MainStreet’s Q&A with Rick Harrison, star of The History Channel’s popular show Pawn Stars.

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

You only sell your gold once, shop us last

October 20th, 2011. Filed Under: Uncategorized. Tags:

You only get to sell your gold once. Why should you care? Because if you just take the first offer someone makes you, you don’t know if you got a good price or not. I am not going to get in a price war or just tell you that I pay more or I will beat others prices. I usually do, but everyone tells you that. I will prove it to you. Mid-South Pawn has been buying precious metals, gold, silver, diamonds, and a lot more since 1992.

We are here today because we do what we say. We don’t just come into town once or twice a year, lowball everyone, get the best stuff and leave. We are here for you all year. If you want to sell gold, diamonds, or about anything else, we are here for you today. We will be here tomorrow, or next year. Do you need a loan? we can loan you cash on your gold, coins or other valuables.

You don’t have to sell if you want cash but want to keep your stuff.

We want you to be happy with your experience with us. You want the best price for your gold and valuables, We understand. I don’t expect and wont ask you to “support local business” or “shop local” I know most people today shop and deal with whoever has the best price. I won’t pay more for it just because it is a local company. I will pay more if they have better service than their competitor. That is what some people don’t understand. Laws to make internet sellers collect sales tax are not the answer to help save main street. Main street needs to understand the way the world works and provide better service. I understand our business can’t compete with amazon or best buy on price. I can compete with them on convenice and service. I do this every day.

I can compete with the traveling buyers and hope you will give me the chance. Go ahead and shop around if you want, but come to me last. Let me make you an offer on your gold or other valuables. I won’t tell you I will beat anybody’s price, I will show you. To get the most for your stuff, you have to know what its worth. If you just believe anyone passing through, you can’t be sure. Check around, be sure you are getting the most for your stuff.

Leave A Comment

Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

Mansfield pawn store does brisk business

October 6th, 2011. Filed Under: Uncategorized. Tags: , , ,

Mansfield pawn store does brisk business
Difficult economic times bring more people to get loans on their belongings

From Mansfield News Journal.com

MANSFIELD — The struggling economic climate has drawn a lot of new customers to Johnson Brothers’ Jewelry & Loan, 32 S. Park St.

“Customers are still coming in to pawn jewelry to get money for car repairs until they get that paycheck,” Eric Johnson said. “We have a lot of people come in just to get money for gas.

“Business is very good as far as the loans. TV shows have put a positive light on the industry. In the past, everybody only knew about a pawn shop through Hollywood and TV and showed us in a dimly lit pawn shop.

“We’re not really about that.”

Eric and his wife, Rhonda, have owned the downtown Mansfield store for more than 20 years.

Pawn shops are required by law to make a list of everything they buy, complete with make, model and serial number. The list is taken to the police department daily so authorities can compare items brought into pawn shops to any stolen items reported to them.

Eric is a member of the National Pawn Brokers Association and is vice president of Ohio Pawn Brokers Association. He said reality TV shows like “Pawn Stars” and “Hardcore Pawn” have helped to bring pawn shops into the mainstream.

“Pawn Stars” is a reality show on the History Channel that features a brightly lit pawn shop in Las Vegas. The store has cases of jewelry, memorabilia, antiques and other items for sale, while employees barter with sellers for their items.

“Hardcore Pawn” is another reality show spotlighting a Detroit pawn shop and airs on truTV.

What pawn shops do is provide short-term loans to people based on the value of an item they pawn. Those who repay the loans on time — usually a 91-day limit — get their items back. Those who don’t repay lose their items, which the pawn shop sells.

“Our most common thing is a pawn, people want their items back,” he said. “We just hold it for them for a short period of time, then they come back and get it and pay us a small storage and interest fee.”

Everything customers see on store shelves is for sale. Eric said prices are competitive with eBay.

Merchandise includes gold, hunting bows, guns, musical instruments, jewelry, big-screen TVs, game systems, laptops, cameras and more.

“The most popular item is gold,” he said. “We buy a lot of gold. Part of it is word-of-mouth. We do pay an extremely fair amount for loans and buys on gold.”

Gold, diamonds, guns, electronics and tools are also popular items, he said. The shop owners also deal in antique furniture, boats, cars, motorcycles, limousines, campers and tractors. Everyone seems to stop and admire the rows of guitars.

“I have a soft spot for guitars,” Eric said. “(But) I don’t play a chord.”

The downtown business owners said they like the work.

Eric said he learns something new every day.

“About products, about the people. I meet new people every day,” he said. “I love my job. I love people. It’s what we are in business for. That’s our main thing here, somebody comes in and needs a small loan. We fit that need. They need to borrow a few hundred dollars, maybe even a few thousand dollars. We can provide that for them. It’s quick. It’s confidential. They don’t have to go through any credit checks. We agree upon a price and they can walk out with a loan and come back and retrieve their item when they get financially stable again.”

An employee at the Diamond Street Pawn Shop, 78 N. Diamond St., said he believes the reality pawn shop shows are an annoyance to the real pawn shop businesses.

“A lot of it is dramatized,” said the employee who did not wish to be identified. “It’s in Las Vegas (‘Pawn Stars’), and around here people don’t lose money on gambling like in Las Vegas, so we don’t have people wanting to pawn their Porsche.”

A fully licensed federal firearms dealer, the Diamond Street Pawn Shop, has a jeweler on site and has been at this location for 21 years, he said.

Eric Johnson said he’s had people try to pawn some unusual things.

“We don’t take anything we have to feed or clean up after,” he said.

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Gold prices are up, don't trust your valuable Gold to just anyone.

We Want Your Gold!

We Will Pay More!
We Want To BUY Your GOLD!!!

It's Easy...Call Now: 865-882-7188

Even if its Broken or old. We also loan on your gold if you would want to keep it!

Thank you for visiting Mid South Pawn. We want to be your one stop pawn shop. We are here to assist you with quick, private & confidential service. We offer cash loans on your valuables. We also purchase your valuable merchandise outright if you would rather just sell it.

Our loans are based on your collateral, the value of your stuff, not your credit. There is no application or approval process, we have instant answers to your cash needs. Need more money, bring more, better stuff! You have no credit limit here!

In addition to loans and buying your stuff, We offer great deals on quality pre owned merchandise. Our inventory is always changing and includes a wide variety of Jewelry, diamonds, guns, tools, electronics and a lot more all at prices that are way better than buying new. From guns to guitar strings, we have it!

Call Now: 865-882-7188

How a Pawn Shop Works

October 4th, 2011. Filed Under: Uncategorized. Tags: , ,

How a Pawn Shop Works

September 27th, 2011

From NWI Times Dot Com

How a Pawn Shop Works

According to Ameripawn pawn shop Owner Greg Engstrom, pawn shops have always filled the gap in loan providers. But today, loan seekers are going through one of the most difficult lending periods in recent history, and pawn shops are willing to make loans other lenders wouldn’t.

“A lot of people need the pawn shop right now, and we’re the only lender that wants to lend to them,” Engstrom says.

So how exactly does a pawn shop work? The meaning of the word ‘pawn’ is a loan, and so pawn shops are in the business of not just buying people’s possessions, but mainly lending people money.

“We work in collateral loans, which aren’t based on your previous credit,” Engstrom says. “About 75% of our business comes in loans, and 25% is from people just selling stuff.”

If you’re considering purchasing or pawning at a pawn shop, Engstrom recommends doing some research on the items in question. Researching will let you know the most accurate price for the item and help you in the bargaining process.

“We do research on every item we deal with, and we try to be experts on everything in the store,” Engstrom says. “But really, we’re just scratching the surface, and sometimes we price things incorrectly. It’s always a good idea to research and ask to make sure.”

If you want to pawn something, you should know exactly how much money you need to borrow before going into the pawn shop and be prepared to work with the pawnbroker to make sure the loan for your item is accurate.

“If you need $100, and the value of the thing you brought in is $90, then we can sometimes stretch it for you,” Engstrom says. “But if the gap is too big, you’ll have to add something to it.”

Engstrom says that because it’s durable and can last generations, jewelry is the number one item in a pawn shop. Jewelry is often the most valuable thing a person owns, which is why it’s also one of the most pawned items. Jewelry styles change often, too.

“If people aren’t wearing yellow-gold, they can come in and find something in white gold,” Engstrom says.

But pawn shops have much more than just jewelry; you can find great deals on household tools, lawn equipment, video games, TV shows, musical instruments, antiques, golf clubs, an endless list of electronics, and many items you wouldn’t expect to find at a pawn shop. Engstrom recommends that if you’re on your way to purchase something new, stop by a few pawn shops first to see if they have it.

“People would be surprised at how diverse the items in a pawn shop are,” Engstrom says. “We deal in whatever comes in.”

Engstrom notes that Ameripawn’s staff often knows even more about the items in their store than normal retailers because they must do extensive research on each item. Pawn shops will also bargain with you for a fair price.

“We test everything that comes in, and if a customer wants to try it out, we’ll help them hook it up in the store,” Engstrom says. “We try to go above and beyond to help someone find what they’re looking for.”

At Ameripawn, you can test CDs right by the rack in a CD player with headphones. Many pawn shops, including Ameripawn, will also hold items and put things on layaway for you. Engstrom also says Ameripawn works with the police and has procedures in place to make sure they don’t buy items which they suspect might have been stolen.

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