Its worth what you can get for it

Beauty is truly in the eye of the beholder. Value is not, at least that goes for market value. One mans treasure is another mans trash. You determine what is valuable to you. The only thing that determines value to others is the market. Markets are a funny thing. Valuables are only worth what someone will pay at a certain time. Economics 101, supply and demand. There are more sellers than buyers for most average merchandise, therefore the value of most average merchandise is low. Value is distorted by “appraisals” and “insurance replacement values”.  Things are only worth what someone will pay. What someone says its worth is irrelevant. It is worth what someone is willing to pay. Accurate value can only be determined by comparing an item to actual market transactions, what others like it have sold for recently. If it is not selling, or there is not a market for it, it is not worth much. Scarcity determines value. If everyone has one of something, the value goes down. A good example of this is DVD players. When dvds first hit the market, they were very expensive. Players were too. Everyone wanted one because it was the next new thing, they were relatively scarce for a while. Now they are everywhere and  blu ray is the next big thing. Dvd values are not what they once were. The more rare an item is, the more likely it is to be valuable. We evaluate your stuff by these principles. We actually participate in the market. Anyone can tell you what they think your stuff is worth. At Mid-South Pawn we put our money where our mouth is. Bring your valuables in and let us make you a cash offer. It is worth what someone will pay for it. Come on in and let us show you what we can do. We back it up with cash.

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