Pawn Stars episode

A guy brought in a Tyre Sheckel which Rick purchased. Later the pawn shop security found on the internet that the coin was stolen. They thought they had to return the coin to the rightful owner.
Then the security guy got an update that the rightful owner was paid off by his insurance on the coin.
So Rick and staff said the coin now belonged to the store and they didn't have to return it.
On the TV episode that was the end of it. But my question is don't they owe the insurance company the coin or anything?
When shipwrecks are salvaged the salvors need to pay something to the insurance firms if they formerly paid claims when the ship was lost. Example: When Tommy Thompson found the U.S.S.
Central America, insurance companies got a portion of the gold even though the claims were paid circa 1857 or 1858. Maybe maritime law is different?

 

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It would seem to me that once the insurance company paid out a claim on the piece that they would then own it if it came to light in the future.

 

Stolen property ethics and laws are a huge and fickle can of worms.

That is all.

 

Yes Tom exactly. The TV show didn't say if the insurance company knew Rick bought the coin. But supposedly the store security got his info from a national website.
The store has to post everything they buy on this national website so the fact that Pawn Stars now has the coin is public information. I can't speculate why they feel they can resell the coin now, free and clear. But I also have to remember this is a TV show.

 

"The store has to post everything they buy on this national website "

Do tell.

 

I would think it would fall on whoever sold the coin to Rick , they have his name and ID , but like you said it's tv , plus I'm no lawyer .

 

I went to the shop in Vegas a couple years ago. They were taping an episode at the time. Everything was so rehearsed and set up ahead of time. Even the people shopping in the background were specifically "hired" to be there for that episode. I was waiting in line at the pawn counter. They told me to be quiet and not to look at the cameras. It's a scripted show... like all reality shows.

 

All reality shows are scripted?? And here I thought Jersey Shore was a completely accurate and non-scripted show the whole time!

 

It really was a let-down. They had a guy with an item and he was told to "act," "speak more loudly and clearly" etc... It was ridiculous.
At least they finally quit plugging Subway sandwiches on the show. That was so freaking stupid. Quiznos is better anyway.

 

Was Quiznos the franchise that had the singing and dancing rats in their commercials a few years ago? Whomever it was, I could never understand the marketing scheme unless it was to creep out potential customers.

 

But they were pretty hilarious...LMAO!

It is a bit creepy when you say it that way...

 

That's it! They had an entire series of those commercials by us and my wife wouldn't go into a Quiznos after seeing them.

 

Those ads were great.

 

2006 was right around the height of funny and random flash-made videos on the internet (I watched them in the computer lab during lunch in 5th grade... ), and I think quiznos was trying to appeal to folks by making a random, odd commercial like you see.

It certainly is quite odd, and I really don't see how it could have been viewed as a successful marketing technique...

 

Speaking of reality shows, remember that treasure quest show? When they found like A TON of silver on the bottom of the ocean but it was in spanish waters or something like that, so they hired a 747 and snuck it out of the country Edited ~ a\Language Anyone ever hear of what happened to that silver?

 

***That's what Rick himself said on the show, not my words.

 

The Pawn Stars producers probably thought the average viewer wasn't smart enough to figure out that the insurance company would want something back.

 

Pawn stars...one of my favorite shows, but yeah I have heard that it's really staged

 

I'm sure Charmy could tell us how scripted it is as she was a seller on one episode . She did mention on her thread that they told her to act a little differently . I wonder how much they get paid each episode ?

 

Have you been to the shop ? I finally went this last year, was really excited to see it, they do more sales in t-shirts and pawn shop merchandise than anything else I saw. Pretty smart move I think.