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Tracking the Rolex Daytona: A 53-Year History

By   /  May 24, 2016  /  High End Pawn, Luxury Watches, Pawn News  /  No Comments

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In this feature-length article from WatchTime’s January-February 2016 issue, we take a look at the 53-year history of the Rolex Cosmograph Daytona, the brand’s iconic chronograph watch. For most of Rolex’s history, chronographs took a back seat to three-handed models. The company did produce some chronographs, but equipped them with third-party calibers that ticked in [...]

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The Big Three Jewels: Why Ruby, Sapphire and Emerald Top the List of Precious Gems

By   /  May 17, 2016  /  Featured Press, Pawn News  /  No Comments

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Until recently, only emerald, ruby and sapphire were officially called precious gems. Everything else was called semi-precious. The precious categorization is a reference to value: a really fine ruby, emerald or sapphire can be priced higher per carat than a diamond. Sapphires are extremely hard and durable, so they will last a forever in a piece of [...]

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Quick Cash from a High-end Pawn Shop

By   /  August 6, 2013  /  Uncategorized  /  No Comments

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Michelle Villalobas, a motivational speaker, was turned down for a bank loan to expand her business so she turned to a high-end pawn shop instead.  “When I went in to get a loan a couple years ago, I thought this is going to be an easy, breezy thing. I’m a great client. I’ve got cash [...]

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The Effect of Lower Gold Prices on Pawnbrokers

By   /  July 29, 2013  /  Gold Price  /  No Comments

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For many people who can’t get loans from the bank anymore, their local pawn shop is the answer.  They are a lot easier to get – no credit checks, no applications, all that’s needed something of value.  One of the most popular assets pawned is gold.  Gold in the pawn shop world is similar to [...]

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Pawn Shops Hit Hard by Drop in Gold Price

By   /  July 5, 2013  /  Gold Price  /  No Comments

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Pawn shops alongside investors and big gold miners are feeling the sting of falling gold prices.  Stores that buy gold or accept it as collateral for short-term loans know they are taking a risk on movements in the gold price, and they factor that risk into the prices offered.  Large drops in the gold price, [...]

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Upscale Collateral Lenders Meeting the Needs of the Wealthy

By   /  June 23, 2013  /  High End Pawn  /  No Comments

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Mike Walsh has a homebuilding business and when he needs quick cash to keep things running he borrows it from his Rolex watch. He’s one of a new breed of pawn shop clients – the well-off who are looking for quick, short-term loans on their valuable items.  And to cater to these clients is a [...]

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Consignment Shop Turns Pawn Shop to Defeat Competition

By   /  June 18, 2013  /  Pawn Shops  /  No Comments

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When Alicia de Najera Sena opened a consignment store in 2000 there was almost no competition for her business.  Thirteen years later, Sena says consignment stores are everywhere.  In order to beat the competition, Sena knew she needed to try something new, so she decided to turn her consignment store into a pawn shop.  She [...]

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American Dollar Financial Group Expands to Romania

By   /  June 9, 2013  /  International Pawnbrokers  /  No Comments

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Dollar Financial Group, Inc, an international financial services company, recently took over Romanian pawn shop chain Express Credit Amanet.   In a multi-million euro deal the American company entirely took over the local company.  Law firm Ţuca Zbârcea & Asociaţii assisted the seller, while DLA Piper assisted the American buyer.  According to lawyers, the two companies [...]

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Pawn Shops More Popular in Arizona

By   /  June 9, 2013  /  Pawn Shops  /  No Comments

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A recent study found that 18 percent of Americans reported using a pawn shop within the past five years to get cash.  Arizonans are much more likely than the rest of the nation to turn to a pawn shop with 27 percent reporting they had taken out a pawn loan.  For some the numbers were [...]

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Rick Harrison’s Advice on Business

By   /  May 30, 2013  /  Pawn TV  /  No Comments

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People have pawned, bartered and exchanged for quick access to money for centuries.  While technology and currency has advanced, the practice remains relevant today.  Thanks to the hit TV series Pawn Stars, pawn shops are more popular than ever.  Owner and star Rick Harrison says as kid he was the child of a working mom [...]

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