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<p>[QUOTE="panda, post: 927720, member: 24443"]that is just how these kinda placed work. they have to make enough profit to live off of, to pay the shop bills and employees. they make decent money, but pawn shop owners really don't get rich off doing it.</p><p><br /></p><p>on average pawn shops like to get there rarer stuff for half of what its worth, but on average a they pay a little more. then take into account how long it has to sit and house it, or fees and time for auction. they don't get a return for quite some time. then add up the stuff in the first paragraph and there profits are less great.</p><p><br /></p><p>its not like they buy something like a $40,000 gold bar from a ship wreck and some guy comes in the next day to buy it. that takes time, money, and effort to sell. and i doubt they will get the full $40,000. its a risk they paid around $25,000 plus all the handling and selling fees to take. so maybe they make $5-8 grand profit off their $30,000 investment, maybe they make a grand or loose money.</p><p><br /></p><p>this is not all uncommon. places like gamestop will give you $50 for an xbox 360 then turn around and sell it for $160. and xbox's are a lot easier to sell then a rare historical item...[/QUOTE]</p><p><br /></p>
[QUOTE="panda, post: 927720, member: 24443"]that is just how these kinda placed work. they have to make enough profit to live off of, to pay the shop bills and employees. they make decent money, but pawn shop owners really don't get rich off doing it. on average pawn shops like to get there rarer stuff for half of what its worth, but on average a they pay a little more. then take into account how long it has to sit and house it, or fees and time for auction. they don't get a return for quite some time. then add up the stuff in the first paragraph and there profits are less great. its not like they buy something like a $40,000 gold bar from a ship wreck and some guy comes in the next day to buy it. that takes time, money, and effort to sell. and i doubt they will get the full $40,000. its a risk they paid around $25,000 plus all the handling and selling fees to take. so maybe they make $5-8 grand profit off their $30,000 investment, maybe they make a grand or loose money. this is not all uncommon. places like gamestop will give you $50 for an xbox 360 then turn around and sell it for $160. and xbox's are a lot easier to sell then a rare historical item...[/QUOTE]
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