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first12
Photographer
Cherrystone
Posts: 36,417
Columbus, Ohio, US


udor wrote:

I ordered once wedding bands (platinum/gold) with stylish pattern... paid for both rings about $12,000... after the marriage was over, I tried to sell my ring, hoping I'd be able to clear a few grand... but... fcukno... less than a hundred... the rest is all markup...

Dude, you got snookered. Jewelry markups aint that huge, I'm assuming these rings had stones?

In other news, I just turned a $500 profit on a ring I had left from 25 yrs. ago. smile

Jun 16 13 12:00 pm  Link  Quote 
Photographer
Click Hamilton
Posts: 34,385
San Diego, California, US


A man should spend the equivalent of two month's income on the engagement ring.*

---

"One reason for the increased popularity of expensive engagement rings is its relationship to human sexuality and the woman's marriage prospects. Until the Great Depression, a man who broke off a marriage engagement could be sued for breach of promise. Monetary damages included actual expenses incurred in preparing for the wedding, plus damages for emotional distress and loss of other marriage prospects. Damages were greatly increased if the woman had engaged in sexual intercourse with her fiancé. Beginning in 1935, these laws were repealed or limited. However, the social and financial cost of a broken engagement was no less: marriage was the only financially sound option for most women, and if she was no longer a virgin, her prospects for a suitable future marriage were greatly decreased. The diamond engagement ring thus became a source of financial security for the woman."

http://en.wikipedia.org/wiki/Engagement_ring




* eyeroll
Jun 16 13 12:26 pm  Link  Quote 
Photographer
The F-Stop
Posts: 1,469
New York, New York, US


John Jebbia wrote:
As I mentioned in a thread I posted yesterday, I'm big on collecting silver U.S. coins. I only buy junk silver coins. I have no interest in Numismatic value whatsoever.

Anyways, yesterday afternoon I stopped in a pawn shop on my way home and they had 12 silver quarters in the case.  Nothing special.. Mostly 1964's and a few late '50's. They were priced at $12.95 each - only a moron would pay that when spot price is currently about $4 each.

Iat it's peak didn't come close to $100 for the lot.

Yes they do think you're an idiot.

Those quarters are only worth 25¢. If you really want em, just check your change everyday.. I find em all the time.. and nickles as well.

Now how many do you want? I ahve a jug full of em.. $4ea.. DEAL! SOLD!

Jun 16 13 04:07 pm  Link  Quote 
Photographer
GK photo
Posts: 27,736
Laguna Beach, California, US


John Jebbia wrote:
I think he thought he had a sucker.
GPS Studio Services wrote:
Pawn shops survive by purchasing things for ten cents on the dollar and selling it for 110 cents on the dollar.   To answer your question, for what they paid for the stuff to begin with, they can afford to keep it until someone pays the inflated priced.  That is the nature of the business.

this. and pawn shops prey on the desperate, or those who know not the value of any merchandise. although what you said may sound like a good deal to them, it isn't. they can hold onto it longer and get what they are asking for.

these guys aren't arab rug traders. they buy so low it is silly and sell so how high that it becomes pure farce. they just don't care.

Jun 16 13 04:55 pm  Link  Quote 
Photographer
John Edward
Posts: 2,462
Dallas, Texas, US


Around Dallas, pawn shops are a mixed bag, some good, some not so much. I've seen pawn shops selling things like vacuum cleaners, and flat screen monitors for more than I could buy them new, oh and tools, especially mechanics tools.

As for pawning, or outright selling, you'll always get more for a pawn, than a sale, and you'll only get half of what they think they can sell it for at best.

That's business.

On the other hand, the longer something is there, the more they want to get rid of it. So drop by every week, and make another offer. Eventually, you might get a deal.

The best I did was a mechanics tool box, center section, with a lot of cheap Taiwan, and Chinese sockets in it, harbor freight tools, all beat up, mostly junk. But there were some Snap On sockets poking out.

I walked out with it for $125.00 after 5 weeks, of dickering, and when my friend and I organized it, I had eight complete Snap On socket sets, and about six almost complete. So I came out about $1,500.00 ahead.

Obviously, they did not know what they had.

That rarely happens.

The trick is to find something they did not give much for, and sometimes the reason for that high price in the Pawn shop is they paid too much.

But I miss the days when I could buy a film camera at this one, and pawn it for $50.00 more at another one across town, LOL.
Jun 16 13 05:12 pm  Link  Quote 
Photographer
Tim Summa
Posts: 2,090
San Antonio, Texas, US


rp_photo wrote:

It's a business much like payday loans or rent-to-own in that it's geared towards fleecing the desperate.

While this is vary true, The other side of that coin is what matters. My experance has been totaly excellent with pawn shops because I am buying. I have gotten TOP rated tools that I want/need at about 10 to 20 cents on the dollar. Keep in mind, a Milwaukee Saw-Z-all for $40 (the industrial varable speed, heavy duty), looked brand new and needed a new plug on the end (yes, I tried it, perfect shape); then an OLD Milwaukee 'skill saw' (no safety second button, with a fence so hard you could drive nails with it) with fine carbide blade for $38. Tools are amazing to get at a pawn shop.

Jun 16 13 05:44 pm  Link  Quote 
Photographer
Tim Summa
Posts: 2,090
San Antonio, Texas, US


Click Hamilton wrote:
A man should spend the equivalent of two month's income on the engagement ring.*

---

"One reason for the increased popularity of expensive engagement rings is its relationship to human sexuality and the woman's marriage prospects. Until the Great Depression, a man who broke off a marriage engagement could be sued for breach of promise. Monetary damages included actual expenses incurred in preparing for the wedding, plus damages for emotional distress and loss of other marriage prospects. Damages were greatly increased if the woman had engaged in sexual intercourse with her fiancé. Beginning in 1935, these laws were repealed or limited. However, the social and financial cost of a broken engagement was no less: marriage was the only financially sound option for most women, and if she was no longer a virgin, her prospects for a suitable future marriage were greatly decreased. The diamond engagement ring thus became a source of financial security for the woman."

http://en.wikipedia.org/wiki/Engagement_ring




* eyeroll

Click...you the MAN! So nuts!!!

Jun 16 13 05:52 pm  Link  Quote 
Model
J Jessica
Posts: 2,222
Palm Beach Gardens, Florida, US


The convenience stores 3 blocks from me still sells food stuff expired from 2011 (or early 2012).

x_X

I've never tried my luck with pawn shops.
Jun 16 13 08:46 pm  Link  Quote 
Photographer
Chicchowmein
Posts: 14,372
Palm Beach, Florida, US


Cherrystone wrote:

Dude, you got snookered. Jewelry markups aint that huge, I'm assuming these rings had stones?

In other news, I just turned a $500 profit on a ring I had left from 25 yrs. ago. smile

I traded my wedding ring for a margarita

Jun 16 13 09:34 pm  Link  Quote 
Photographer
Click Hamilton
Posts: 34,385
San Diego, California, US


Chicchowmein wrote:
I traded my wedding ring for a margarita

Poetic Justice

Jun 16 13 09:42 pm  Link  Quote 
Photographer
John Edward
Posts: 2,462
Dallas, Texas, US


Chicchowmein wrote:

I traded my wedding ring for a margarita

I think mine ended up on Storage Wars.

Jun 16 13 10:33 pm  Link  Quote 
Photographer
GK photo
Posts: 27,736
Laguna Beach, California, US


iphones probably cost 50 bucks to make, so i guess apple thinks their customers are idiots too. tongue
Jun 16 13 10:36 pm  Link  Quote 
Photographer
Salater Photography
Posts: 7
Los Angeles, California, US


The F-Stop wrote:

Yes they do think you're an idiot.

Those quarters are only worth 25¢. If you really want em, just check your change everyday.. I find em all the time.. and nickles as well.

Now how many do you want? I ahve a jug full of em.. $4ea.. DEAL! SOLD!

Good example of how people get mixed up and convolute the facts when it comes to gold and silver and value.

The 1964 quarters and before are 90% silver. After that, they are worthless.

The 1964 half dollars and before are 90% silver, the ones from 1965 to 1970 are 40% silver.

He's right in saying that the 1964 quarters are worth about 4 bucks (well, maybe 2.50)  but he's wrong about the late 1950 ones he has.

So you're both wrong.

This is what I deal with all day long. Half truths, misinformation  and strange ideas about gold and silver and how it's traded and bought. I implore people to look stuff up and do your homework, it's all there on the internet. Get a coin Red Book and look up what you have or what you are about to buy.

Jun 16 13 11:30 pm  Link  Quote 
Photographer
EdwardKristopher
Posts: 3,375
Tempe, Arizona, US


This is funn!  :-)
Jun 17 13 12:28 am  Link  Quote 
Photographer
EdwardKristopher
Posts: 3,375
Tempe, Arizona, US


GK photo wrote:
iphones probably cost 50 bucks to make, so i guess apple thinks their customers are idiots too. tongue

They are!  :-)  It's all about the Hype!

Jun 17 13 12:29 am  Link  Quote 
Photographer
Damon Strong
Posts: 1,841
Hamilton, Ontario, Canada


I would never sell anything at a pawn shop and have no idea why people do that.   Better off selling your stuff on Ebay.
Jun 17 13 02:28 pm  Link  Quote 
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