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Home   About   Membership   Resources   Government Affairs   Meetings & Events Jan. 18, 2011

'Pawn Stars' of The Valley
Glendale Cherry Creek Chronicle    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Have something cool you'd like to pawn or sell? Would you like to buy some interesting and/or valuable pre-owned personal property at great prices? The Cherry Creek Valley has the best places to do so. While pawnshops are becoming increasingly popular, they are nothing new. Dating back to the Ancient Greek and Roman Empires and China 3,000 years ago, pawnbroking is one of the oldest business models in history. In the past 100 years, the number of pawnshops has skyrocketed in the United States. More

Tax refunds on prepaid cards coming
CNN Money    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Thousands of Americans will get tax refunds on a prepaid card instead of a paper check as the government looks to cut costs and give people without bank accounts an easier way to get their money. The Treasury Department launched the pilot program, saying it will mail letters to 600,000 taxpayers with annual income under $35,000. More

Pawnshops react to Pasadena, Calif., police warning
about gold trade

The Pasadena Star-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawnshop owners in Pasadena, Calif., described a police warning about gold sales as business as usual and insist that when it comes to precious metals — they aren't selling "hot" commodities. Crown City Loan and Jewelry's Todd Robinson admits that as gold prices continue to rise, more of the precious metal has come through the store. And now, he and his staff must be more diligent. More


We have been buying diamonds from pawnbrokers since 1977. We will make an offer on ANY diamond, loose or mounted, chipped or broken.  We'll buy all of your breakouts, regardless of the amount.


How gold can become cash, part 1
NY1 News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
With gold trading at record prices, people are looking to shed their chains in record numbers. In the first of a two-part series, NY1's Money Matters reporter Tara Lynn Wagner looks at the process from a seller's point of view.

How gold can become cash, part 2
NY1 News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In the first part of our series on cashing in your gold, we looked at how the exchange process works. But with even the corner store now offering to buy your unwanted jewelry, how do you find the right buyer? NY1's Tara Lynn Wagner filed the following Money Matters report.

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Queens, NY, community thinks pawnshop sends wrong signals about the neighborhood
Crain's New York Business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
People stepping off the No. 7 train at 46th Street and Queens Boulevard in the heart of Sunnyside, Queens in New York, got quite a surprise. There was music courtesy of Kiss-FM and a towering Uncle Sam walking around on stilts. The excitement was courtesy of the man in red, white and blue, David Kaminsky, who was promoting the grand opening of his eighth New York City pawnshop, EZ Pawn Corp. His is the second pawnshop to open in Sunnyside in recent months, doubling the neighborhood's longtime total. More

The pawn king
The Daily Express    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Meet Paul Aitken. He's the founder of online pawnbroker Borro in the U.K. The people who are coming to him are coming in increasing numbers to pawn their most treasured possessions. Aitken's vaults boast Ferraris, Porsches, Banksys and even a Picasso. … In this tough economic climate pawning is no longer the preserve of the poor. More

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Mexicans turn to pawnshops as recovery disappoints
CNBC    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Jonatan Noyola may not be able to discuss the intricacies of the Mexican economy, but he knows one thing: the weak economy is forcing him to pawn his jewelry to fill gaps in a salary that just doesn't stretch far enough. Even though the worst of the country's economic crisis appears to be over, millions of Mexicans are still queuing up at pawnshops to hock their valuables for a little more ready cash. Loans made at Nacional Monte de Piedad, Mexico's largest chain of pawnshops and an official charity, reached a record 21 billion pesos ($1.7 billion) in 2010, and the industry association expects overall lending to rise 5 percent this year. More

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Pawnshop protest cites wrong kind of development
WRC-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The awning's out, the shelves are stocked; all that's missing are the customers. But the pawnshop cleared to open has yet to garner unanimous neighborhood support. Several dozen protesters met recently to call on Washington, D.C., to revoke the license granted to Famous Pawn, a Texas-based company looking to add to its list of outlets in the D.C. area. "I'm not against pawnshops," said neighborhood resident Andre Carley. "In certain areas they're wonderful, they're like secondary banks, but do we need one here, no." More

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