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Maxi-Cash Launches Singapore IPO

By   /  June 25, 2012  /  International Pawnbrokers  /  No Comments

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Several companies have recently pulled their planned IPOs on Asian bourses as concerns about the euro zone crisis mount, but pawnbroker Maxi-Cash intends to brave the market. Maxi-Cash Financial Services Corp Ltd will be the first pawn broker to debut on the Singapore bourse, aiming to sell 56 million shares at $0.30 each on Singapore [...]

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Non-SportsThemed Trading Cards Worth Thousands

By   /  June 25, 2012  /  Collectibles, Pawn TV  /  No Comments

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While baseball, football, and other sports trading cards still bring top dollar when it comes to trading cards, there is a wide array of non-sports related collectible cards that are worth a lot of money. The Pokemon Pikachu Illustrator card is worth about $20,000.  This rare card (only four are thought to exist) was never [...]

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Low-Cost Synthetic Diamond Detector Hits the Market This Month

By   /  June 25, 2012  /  Jewelry, Pawn News, Pawn Shops  /  No Comments

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Diamond Services Ltd., the sales arm of EGL Asia, will debut a diamond detection device at this month’s Hong Kong Jewelry & Gem Fair.  Priced at $199, DiamaPen is a pen-shaped laser pointer meant to identify yellow synthetics and show indicators for colorless stones.  Owner Joseph Kuzi warns that stones should still be sent to [...]

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Greek Vote Affects Price of Precious Gold

By   /  June 25, 2012  /  Gold Price, International Pawnbrokers  /  No Comments

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Gold fell to $1,606.49 an ounce on Monday for the first time in seven sessions after the risk of a Greek exit from the euro zone did not come to fruition, and the safe investment became less appealing. Investors feel more comfortable investing in riskier assets now that Greek parties backing a bailout for the [...]

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British Pawnbrokers See Decline in Jewelry

By   /  June 25, 2012  /  International Pawnbrokers, Jewelry  /  No Comments

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A huge drop in the amount of jewelry being brought into its shops caused British company Albemarle & Bond to issue a shock profit warning.  In what is the first slump in four years, A&B’s gold-buying volumes are up just 5% on the last year – a rather large difference from the 50% they have [...]

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Jordan Tabach-Bank to Star in Discovery Series Final Offer

By   /  June 25, 2012  /  Pawn News, Pawn TV  /  No Comments

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After a lifetime of pawn brokering, Jordan Tabach-Bank, CEO of Beverly Loan Company, will be showcasing his negotiation skills on Discovery Channel’s new television series, FINAL OFFER. Tabach-Bank’s clientele are the type that requires confidentiality- socialites, businesspeople and celebrities-and he’s turned down many previous offers to do a reality show.  FINAL OFFER gives Tabach-Bank the [...]

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A Recession and Reality TV Give Boost to Pawn Shop Businesses

By   /  June 25, 2012  /  Pawn News, Pawn TV  /  No Comments

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A lot has changed in the pawn industry over the years. Reality television shows have given the pawn shop a cleaned up image and piqued people’s interest who wouldn’t normally think to buy or sell. E-bay and craigslist have created competition, and the internet gives instant access to the estimated worth of items. Guns, guitars, [...]

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Jordan Tabach-Bank Talks about Pawn and Final Offer

By   /  June 25, 2012  /  Pawn News, Pawn TV  /  No Comments

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Jordan Tabach-Bank, CEO of The Beverly Loan Company gives a different image of the pawn industry and talks about his show, Final Offer, in an interview with Emma Brown for Interview magazine. Tabach-Bank has made it his goal to “debunk the stigma” attached to pawn. Known as one of the most high-end collateral lenders, The [...]

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Pawn Shops Profit from Gold Boom

By   /  June 25, 2012  /  Gold Price, Pawn Shops  /  No Comments

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A slow economy in which unemployed, debt-laden Americans are desperate for cash coupled with worried cash-rich savers equally desperate to invest their cash led to a boom in the gold industry. Business owner Roni Rubinov has found himself in a very good position in the middle of this. He runs both New Liberty Loans, a [...]

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Loyal Customers Provide Stable Business for Pawn Shops

By   /  June 25, 2012  /  Pawn Shops  /  No Comments

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They may need cash to pay the mortgage or just something extra for a graduation gift, but many people look to pawn shops as a legitimate answer to their cash needs. Archie DeFlorio, owner of Cash for Gold in Salem, N.H., says “We see generations. We did business with the mothers and fathers. Now the [...]

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