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Pawn Shops Important Role Throughout History

By   /  December 30, 2012  /  Pawn Shops  /  No Comments

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Cable television may have recently brought pawn shops into the lime light, but pawning has been an integral part of American finances for centuries.  Reality television has domesticated the pawn shop for those curious about what goes on inside.  Pawn shops’ popularity is on the rise mostly due to the difficult financial situations many Americans [...]

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Upscale Pawn Shop Loans on Oscar

By   /  December 30, 2012  /  High End Pawn  /  No Comments

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In a television interview, Beverly Loan Company’s Jordan Tabach-Bank talked about the unbelievable Oscar they currently have in loan.  The only hint he would give of who it belonged to was that the person was no longer living, but beyond that, Tabach-Bank was very discreet saying he doesn’t even “breathe on it or touch it.”  [...]

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High-end Pawn Shops Accepting Fine Wines as Collateral

By   /  December 27, 2012  /  High End Pawn  /  No Comments

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Some pawnbrokers are literally taking liquid assets.  Fine wines are accepted as collateral for loans right along with the family jewels and fine art to help ease the cash shortages of people and businesses.  Jordan Tabach-Bank, head of Beverly Loan Co. in Beverly Hills, CA sees hedge-fund managers, bankers, lawyers, doctors and even Oscar winners [...]

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Gold Price Strong after Low Holiday Sales and Weak Dollar

By   /  December 27, 2012  /  Gold Price  /  No Comments

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The gold price is slowly bouncing back with the re-opening of financial markets after the Christmas holiday.  After dropping as low as $1,650.63 in overnight trading the spot price of gold rose by $6.35 to $1,666.05 on Wednesday.  Silver, platinum and palladium all inched up as well.  The increase coincided with a small decline in [...]

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Gold Coin Found in Salvation Army’s Red Kettle

By   /  December 25, 2012  /  Collectibles  /  No Comments

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A 1-ounce United States gold eagle coin was dropped in a red kettle in Mahoning County that was worth nearly $1,700.  The early Christmas gift for the Salvation Army came at a good time according to Maj. Elijah Kahn of the Salvation Army of Mahoning County.  “It came at a critical time when we are [...]

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EZCORP buys USA Pawn

By   /  December 25, 2012  /  Pawn News  /  No Comments

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Stallcup Group, Inc. successfully facilitated the sale of USA Pawn, a pawn business made up of 12 independently-owned pawn shops in Arizona.  Owner Craig McCall sought help from a third party who had experience in the pawn industry to help expedite the selling process.  CEO Steve Stallcup explains, “The marketplace had become significantly less aggressive [...]

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Visits to a Pawn Shop Spawn New Business Idea

By   /  December 24, 2012  /  Pawn Shops  /  No Comments

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Quentin Caruana saw his mortgage-banking business crumble with the housing bust in 2007.  He found a lifeline when he began taking his collection of jewelry and luxury watches to pawn shops for money to pay his employees, debts and other expenses.  “I saw there were a lot of good items going to these stores and [...]

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What you can Find at a Pawn Shop for the Holidays

By   /  December 24, 2012  /  Pawn News  /  No Comments

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When you’ve got a limited budget, limited time and about a million Christmas gifts to buy you may want to consider a visit to your local pawnshop.  “One thing about pawn shops,” says pawn shop owner Vince Stascoy, “ …you’ll walk in thinking that you’re looking for a bicycle, and walk out with a motorcycle [...]

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Holiday Shoppers Discover Better Deals at Pawn Shops

By   /  December 24, 2012  /  Pawn Shops  /  No Comments

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It’s become clear this holiday season that pawn shops have shed their past stigma.  Customers from all segments of the population are being drawn away from competitors such as Tiffany & Co. and Wal-Mart by the holiday deals that can be found at a pawn shop.  In 2007 there was an estimated 6,400 pawn shops.  [...]

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Pawn Shop Regulation Bill Vetoed Again

By   /  December 19, 2012  /  Uncategorized  /  No Comments

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Legislation to increase regulation on stores dealing in precious metals and secondhand goods in Albany County has been vetoed for a second time.  Chief Executive Dan McCoy wrote in a message to lawmakers that, “This legislation creates an admirable but unwieldy system of investigating and reporting that places an undue onus on innocent parties and [...]

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