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

Pawn Stars: 5 Household Items With Hidden Value

February 22nd, 2012. Filed Under: Uncategorized. Tags: , , ,

from Yahoo! finance

Farnoosh Torabi
Wednesday, February 15, 2012

Did you know that up until the 1950s, pawnshops were the main source of consumer credit in the country? Over the years, the rise of banks and credit cards changed the credit landscape, but these days, pawnshops are making a comeback, as consumers look to sell their prized-possessions in the current economy. At the family-operated Gold and Silver Pawn Shop in Las Vegas, home to the hit reality show “Pawn Stars” on History, business has soared in just the last couple of years. The shop employs more than 50 workers, up from thirteen and foot traffic has gone from 70 to more than 5,000 visitors per day. [See also: America’s Top Turnaround Towns] Much of that is, of course, thanks to the popularity of the show, but it’s also because consumers are bypassing banks and getting back in the habit of putting up personal possessions for a short-term loan. “There are a lot of weird things you might find in your basement or your attic that may have a lot of value,” says Rick Harrison, co-owner of the shop. Whether you’re looking to pawn or sell some items for fast cash, Harrison says take note of these common household items, which may have some hidden worth: Zippo Lighters An older relative’s refillable metal lighter from the 1950s may be worth hundreds, possibly thousands of dollars, says Harrison. “Every guy in the 1950s and 1960s had one. They ended up getting thrown away, but I’ve literally sold them for thousands of dollars if you have the right one.” The highest bids go to Zippo lighters created in 1932, the year the company was founded. Baseball Cards A mass-produced baseball card is not going to get you any high bidders, but an original Mickey Mantle, Babe Ruth or Joe DiMaggio card that’s in good condition has great potential value. [See also: Things That Baristas Won’t Tell You] Comic Books Archie, Captain America, Batman, Superman. The value of a comic book depends heavily on its age (the older the better), the number of copies in print (the fewer the better), condition and print number (the earlier the printing you own, the more valuable your copy). Antique Clocks Old clocks and other time pieces may have significant value if they’re mechanically complex, designed by a well-known clockmaker, are beautiful and still function. Grandma’s Jewelry “That hideous jewelry is sometimes made out of gold,” says Harrison. And for sellers, that means instant cash. With gold prices soaring more than 20 percent in the past year, it’s worth rummaging through your old jewelry boxes and heirloom pieces. This article is part of a series related to being Financially Fit

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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

Reality TV shows spawn American collectible craze

November 16th, 2011. Filed Under: Uncategorized. Tags: , , ,

Reality TV shows spawn American collectible craze

from USA Today.com

Admit it, you’re a dumpster diver at heart. Or at least you would be one if it were socially acceptable. Thanks to the popularity of trash-to-treasure reality TV shows, however, you no longer need to roll up your sleeves to get your bargain-hunting fix.

By Dan MacMedan, USA TODAY

Indeed, the show that started it all, Antiques Roadshow, which debuted in the U.S. some 15 years ago, has spawned a whole new breed of TV programming that uses blind bidding wars and junkyard jockeying to up the emotional ante on the thrill of the hunt.

Such shows, including A&E’s Storage Wars and the History Channel’s American Pickers and Pawn Stars, have frequently ranked among the top 10 cable shows on Nielsen Co.’s weekly TV ratings. (Storage Wars, in fact, in which teams of eccentric buyers make a blind bid on repossessed storage units, is the most popular series in A&E’s history.)

Their impact goes way beyond the ability to attract ad dollars, says Greg Dove of the National Flea Market Association, noting the reality-based programs have also helped level the playing field between serious collectors and the yard-sale set.

“It’s bringing in new faces, people from all economic strata,” says Dove. “We’re seeing more and more middle-class and upper-class folks coming to flea markets. Some are just curious, others are seeking collectibles and others are trying to stretch their dollar in a bad economy.”

Though no empirical data exist, Dove says the flea market industry, with estimated annual sales of $30 billion, has been energized by the renewed interest in antiques and collectibles.

“These shows are changing the misconception about what flea markets really are,” says Dove, noting vendors are anecdotally reporting stronger year-over-year sales across the board. “They’re small business incubators, where sellers with a business concept can get started without a lot of cash and buyers can find bargains on both vintage and new items.”

Emmett Murphy of National Pawnbrokers Association says the demographic of pawnshop clients nationwide has also changed since the successful launch of Pawn Stars in 2009.

“These TV shows have created a boom time for the pawn industry and really made pawnbrokers cool,” he says. “Our clients are becoming a little more affluent and we’re opening shops in more upscale neighborhoods, including Beverly Hills.”

Murphy adds the industry was “a little nervous” when the reality show first debuted, because it was the first time many Americans had stepped through the doors of a pawnshop.

“We didn’t know how they would receive us, but viewers love the rock-and-roll meets Antique Roadshow side of it,” he says.

Pawnbrokers offer short-term loans to clients based on the value of items they bring in and use as collateral. They also purchase collectibles, jewelry, and other items of value outright.

“In a down economy, people need a little hope that something they have, a gold bracelet, a cool item they inherited, could be used for cash or to borrow against it,” says Murphy.

Small businesses, he says, particularly restaurants which have trouble securing bank loans, are also turning to pawn shops more for short-term loans to get them through the next pay period.

Other venues are also benefiting from the uptick in demand for collectibles, however, namely online auction site eBay, which redefined the art of collecting when it went live in 1995.

In the third quarter of 2011, sales volume for its collectibles category reached $557 million, up 18% over the same three months in 2010, says Colin Sebastian, a senior analyst for Robert W. Baird & Co. asset management firm in San Francisco.

Its antiques and arts category posted sales of $263 million, up 17 percent over the third quarter last year; and coins and stamps hit $415 million, up 47% year-over-year (likely due to the skyrocketing price of gold.)

“It’s still a rough economy and I imagine there are still people trying to create some cash by selling things they have around the house,” says Sebastian, noting part of the category’s success stems from efforts by eBay to make its marketplace more appealing to buyers and sellers.

Live auction sites in the U.S. are also getting a bump from a new crop of buyers and sellers, especially those on the prowl for premium collectibles, such as fine wine and antique watches, says Keith Heddle, sales and marketing director for London-based Stanley Gibbons, which specializes in the $10 billion rare stamps market.

“There’s been a massive groundswell of auction activity in the U.S.,” says Heddle. “There’s definitely a reality TV frenzy surrounding live auctions, but which is fueling which isn’t totally clear.”

Based on the track record of former hit reality shows, it’s unclear how long trash-to-treasure programming will strike a chord with viewers, says Francois Lee of the New York-based media specialist agency MediaVest.

“It’s hard to find reality shows that can maintain momentum year over year,” he says. “The nature of these shows is that they have to keep finding a new formula.”

As such, their most lasting impact might just be the community they have created for buyers and sellers of tchotchke, Americana and other collectibles.

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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

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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