From what I’ve learned from Pawn Stars: 1) offer a high price 2) get an expert’s opinion 3) don’t sell to Rick’s drastic low bid 4) now that you know the worth of your item, sell it in an auction
@@cherrycrystalssilvertears Selling it to a pawn shop isn't the only option either. I get tired of people hating on a company for saying "this is how much I am willing to pay for that item", regardless if the offer is half or even one tenth the value of the item. The pawn shops are not a charity. They have every right to make the offer they want to make. These people are under absolutely no obligation of selling at that price, and more often than not, get a free appraisal out of the deal.
@Michael Persico Did you know that there is scientific evidence that Jesus existed and whilst it is perfectly fine not to believe that he did any "miracles" it is foolish to think that he was imaginary.
their information is wrong though. the cigar box that sold for $575k wasnt the one rick bought, it was the one that JFK kept in the private office and it was sold in 1997. I think the one they bought on the show, which was more of a decorative piece for the oval office and not the one JFK used personally, sold for like $80k
You don’t get how pawn shops work at all dude. Pawn shops are supposed to be a last resort to sell your stuff you no longer want or need. In order for a pawn shop to succeed, they need to sell things for below their RRP unless it’s a collector item in order for their products to be appealing. That’s why they give like 25% of the price
christian velasco that’s very disheartening. I would have contacted the guy and at least given him another 60k. The American Pickers did that when they sold some old carnival murals for around 10k. They had paid the previous owner like $1000 or so.
What happens when idiots go to pawn shops to try and flex how much money they can make. Who goes to a pawn shop with something like that, idiots are asking for it hahahahaha
Well it's a pawn shop. they need to make money, In an auction you lose more since you pay all the feeds. However I agree that 24,000 is practically stealing from a 40,000 value item.. Maybe 33,000 would of been better however the point of pawn shops is that desperate people need cash quick and so they usually get robbed there. Honestly if I was selling something that is 40,000 of value then I would spend time putting ads or tracking down buyers or collectors, go to auction, and car/gun/shows and make contacts, It will take a few months but eventually you will get offers and when multiple buyers want it in their collection of cool stuff then you can always haggle prices and you maybe get way more then 40,000$ when you hold all the cards.
@@markshaw270 Sorry if facts offenses you. Also your education seems to be low if you can't read very well. I stated in my comment that they do take advantage of you but you seem to miss that fact I made.
Seller: "I want 250k for it" rick: "I gotta get an expert here" expert: "Its worth minimum 500k" rick: "I can give you 30k no more, i gotta make profit of it yk i dont make cash with small margins“ rick: *makes 200k profit instead of small 50k*
I was going to say - there's 2 issues with this video, that being the first one... The second being the last item, claiming that the JFK Cigar Box was sold for $575k at auction, uhhh I was just watching a compilation episode on YT and saw a customer come in wanting to purchase the cigar box. He paid $80k for it and Rick was the one that completed the deal as he was called over by one of his guys, Jessie if I'm not mistaken.
I mean it could be a V12 with 12 horsepower, but in that time people made engines better, so there is no way that a car in the 30s with a v12 would only produce 12 hp
Customer: I have the actual sword of Alexander the Great. I'd like $2 mil. Rick: I'll give you $12.50. Not a penny more. It's a tough market for swords right now. Everyone is buying guns these days. Customer: that's the best you can do? Rick: I'll go $12.75 but that's as high as I'll go. Custom: You got a deal.
Is there even such a thing as a $1,000,000 gold bar? I dunno, but if there is, I'll give them £480k for it. Best I can do in the current market I'm afraid. I got storage costs to think about. Plus I gotta get it framed, which isn't cheap.....
Andrew Woodhall 1 million $ gold bars actually aren’t that crazy of a concept. The standard sized gold bricks used by most central banks are 400 oz. at a price of 1800/oz that’s 720,000$. Close enough to 1 million. It’s pretty likely that they’ll be worth a million within our lifetime.
If there's one thing the Old Man appreciates, it's silver. When that one customer brought that much in, Old Man got out of his seat faster than Rick had ever seen.
Because Americans seem to think gibsons are something special. And they used to be very good guitars now they are just over priced and overrated and always come out the factory with shit fret work and a whole host of issues. They also think muscle cars are good...
Joshua Erasmus Well the Gibson sort of birthed the electric guitar and that is like the one Les Paul himself had. Used to be pretty good, now they’re just living on their name.
Once that guy was informed on what it was....he should have walked and gone to Sotheby's and waited for the right Auction. Dummy. That was a rare antique in GOLD.
@@DG-xk3of He sold hella coke man. They're operations ain't gonna be up on Wikipedia to research but I'm pretty sure the most powerful drug lord in the world is gonna have rock form of coke
Think would selling crack or cockain be legal. Mr. Rick would be the first guy that would buy it! Chum lee and el chapo could this sell in an extra shop. Please forgive me, my ironic and crazy words harrison family!
Inrry Torres You realize that if someone is worth 50 thousand an pawn stars buys it for 50 thousand than they arent making any money. They have to pay you less than what it is worth so that they make a profit.
"I have the Arc of the Covenant, I'd like everything in your store please Rick." "I have a buddy whose an expert in Arcs, Ill let him take a look." "Ok." "Well, my buddy's face melted off, so I guess its the real deal. Best I can do is two Canadian quarters."
Wow, this awesome video, However, it's best advised we should work smart, look out for multiple streams of income and get more involved with online trading..
'Twas whence I heard this man say that I began to search the comment section to find out if anyone else had been bothered by it as well and sure enough here you people are.
documented2 LMAO, well I could care less about shoes. I own and play my two guitars I have at home. I asked a (what I thought to be) a valid question. But go on..
if you watch 10 Pawn Stars Deals That Went Horribly Wrong at 2:20 you will see that the guitar wasn't worth 55.000, they sold it in a auction for 20.000.
If your stupid enough to sell such a valuable piece to a pawn store, you deserve to get ripped off. Should have sold it at auction. Even after auction house takes its cut you'd still make way more.
SuppressedOhSix I remember getting the Xbox 1 when it first came out which was like 400-500 at the time and wanted to get a PS4 instead, went to game stop, “110” they said smh
That's not even a scam. That's being evil. How you going to get like 60-80 dollars from a normal pawn shop for a 200$ laptop which is over 25% given for a loan at the lowest, and have this guy give you 2500 for an item that could cost a hundred grand? That's two point five fucking percent?!
The 1921 piece dollars were all high relief. I have two in my own collection. The high relief was a bit harder to do but that was not why the mint stopped the high relief in 1921. They would not stack at the banks properly or anywhere for that matter ,everybody complained. A few 1922 high relief were minted thus making this coin so rare and valuable. Similarly, the Steel cents of WW2 minted 1943 were minted because copper was needed for the war effort. Most folks hated them and tossed them in a drawer and forgot about them. Thus so many were saved they are not worth much. I have 3 in my collection, one from Philadelphia mint, San Francisco mint, and one from Denver mint. However a few, by mistake, 1944 steel cents were minted and extremely rare and valuable.
Not too many people are willing to shell out $40,000 for a book. You have to know people. Rick at the pawn shop knows those people. That's why sellers bring their expensive books to him. A book worth 40 grand isn't just something you put on Craigslist.
Yes it would take some boot leg work and time but can be done. Things used to be exclusive back in the day where you'd need brokers/dealers/agents/whatever the term for any industry - not so any more, there's forums out there on anything and everything and all have buy/sell sections. Every industry is cutting out the middle men. Buyers are incentivised to cut out middle men too because they save money. The middleman was a valuable service back in pre internet times but they are not relevant anymore.
but who the fuck goes to a pawn shop to sell such valuable things. A pawnshop is meant to sell your old couch or beginners guitar. Not a freaking one of one century old hot rod car in mint condition. You should put it up for auction at a car show. People can just be so fucking dumb these days.
Customer: I got a trailer outside Rick: what is it exactly? Customer: meth lab on wheels Rick: ok idk the street value of this kind of stuff, let me get a buddy of mine who is an expert in this. *Enter Chumlee*
Rick's wife- "I'll take all 6 inches". Rick- "The best I can do is 4 inches. Anymore will be risky". Rick's wife- "How about 5 3/4 inches?". Rick- "4 inches not a centimeter more". Rick's wife-"Ok, I'll take 4 inches". Rick- "Sweet!!".
Customer: I have a 99 Honda Civic and I'm asking 100,000 for it. Rick: No way. I'll give you 1,000 Customer: But it was driven by Steve McQueen. Rick: You got a deal.
Actually, in reality, gold should be far more valuable than diamond. Diamonds are recreated under the earth's surface, where as gold isn't. Believe it or not, gold actually comes from stars when they supernova, or asteroids. Look it up if you don't believe me.
Rick (Goes to McDonald's): yes I'll have 2 meals extra large. McDonald's Employee: That will be 21.59 Rick (To the McDonald's Employee): Sorry the best I can do is 1.59