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Home   About   Membership   Resources   Government Affairs   Meetings & Events April 26, 2011

Addicted to pawn
ESPN The Magazine    Share   Share on FacebookTwitterShare on LinkedinE-mail article
I've tracked down the obscure former Patriots cornerback to ask about the Super Bowl XXXVI ring he pawned a decade ago for $2,600, writes ESPN The Magazine reporter Shaun Assael. "Ah, man, that was a bad time," he says over the phone, letting the space between his words linger. "I'm just trying to put that all behind me." Unfortunately for Williams, that's hard to do when America sees your ring every week in the opening montage of the hit TV show "Pawn Stars," harder still when celebrity pawnbroker Rick Harrison brags about being the guy who has it. Gold, cars, Rolexes ... But a Super Bowl ring? "You want the thing a guy worked his whole life to get," says Harrison. His Gold & Silver Pawn Shop in Las Vegas is a window onto our times, with Harrison the appraiser of our excess. Desperate people populate his tales, many of them jocks. More

Gold: As prices rise, teeth come out
ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
VideoBrief Gold prices are so high now — over $1,500 an ounce — that consumers are cashing in anything they've got that has gold in it, including teeth, bridges, crowns and other dental work. "I've seen them pop the gold right out of their mouth," says Dave Crume, president of the National Pawnbrokers Association and executive vice president of Wichita, Kansas, pawnbroker A-OK Enterprises. More often they bring in family heirlooms they don't want or jewelry they no longer wear. The gold-selling trend, which started picking up steam two years ago, has become only stronger now, as new ways have arisen for customers to unload their gold. More
Related story:  More people selling gold items just to survive (WAAY-TV)
Related story:  Record gold prices boosting business at pawnshops (WLS-TV)

Economy, gas prices shape pawn business    Share    Share on FacebookTwitterShare on LinkedinE-mail article
At Bob's Pawn in Muskogee, Okla., Bob Callison is cautious with his money. The poor economy affects the way he does business. "We've got to be more careful what we take in pawn — make sure you can sell it if they don't pick it up — no junk," said Callison. More


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Over 300 pawnbrokers in India stage protest
The New Indian Express    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Over 300 pawnbrokers in Chennai, India, staged a stir against "harassment" by the police. The protesters, who gathered before the police station, demanded the release of a pawnbroker’s son, picked up on April 18 on suspicion that he had received stolen property. They also alleged that the cops brought the accused to their pawnshops regularly, claiming that the fenced jewels were in their possession. More

Homeless man charged in Pasco, Fla., fraud cases
The Tampa Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Deano Benjamino Carrino was accused of accompanying his girlfriend, Amitra Marie White, as say she posed as a potential home buyer for her grandmother and stole credit cards, cash, jewelry and other items from houses the pair visited, investigators said. However, Carrino was in jail in Hillsborough County, Fla. — on charges including fraudulent use of a credit card and possession of a controlled substance, jail records show — and did not face any charges in Pasco County, Fla. More


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Pawnshop perils
WTVC-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
When people go to pawn shops they're usually looking for quick cash. So does all that cash really make the businesses frequent targets for criminals? What was it about pawn shops that piqued the interest of suspect Jesse Matthews? He's accused of killing Chattanooga, Tenn., police sergeant Tim Chapin when the slain officer was responding to a pawnshop robbery. More

EZcorp posts 34 percent 2Q net income increase
The Associated Press via Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawn store operator Ezcorp Inc. said net income for its fiscal second quarter rose 34 percent on higher revenue from merchandise and scrap jewelry sales and pawn service charges. The Austin, Texas-based company said net income rose to $31.8 million, or 63 cents per share, from $23.8 million, or 48 cents per share a year ago. More

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Pawnshops in Naperville, Ill., bustle as prices hit
record high

Naperville Patch    Share    Share on
FacebookTwitterShare on LinkedinE-mail article
For Naperville, Ill., pawnshop owner Dave Baker, gold has nearly become a business all its own. "We had a lady come in here whose dog had been wearing a gold collar for over a year," he said. "It was worth $400. These are types of the things we are seeing every day." More

Pawnbroker keen to convert firm's image: Cash Converters is misunderstood
The Australian via    Share    Share on FacebookTwitterShare on LinkedinE-mail article
After 16 years as managing director of pawnbroker Cash Converters International in Australia, Peter Cumins still finds it hard to shake off the stigma that the company is regarded as a poverty stock taking advantage of people down on their luck. Cash Converters had always had trouble raising capital because the public and investors misunderstood the company, says managing director Cumins. More

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Twin Cities give pawnshops cold shoulder
Minneapolis Star Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Mark Smith wants to open a pawn shop in a vacant storefront in Roseville, Minn., but he's not getting a warm reception from residents who live nearby. The city's planning commission and police aren't keen on the idea, either. More

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