Freedom, Business, Controversy and Fitness

Pawn Stars legal thieves!

Pawn Stars is an American reality television series on History (formerly known as The History Channel), produced by Leftfield Pictures. The series is filmed in Las Vegas, Nevada, where it chronicles the daily activities at the World Famous Gold & Silver Pawn Shop, a 24-hour family business operated by patriarch Richard Harrison (or “The Old Man”), his son Rick Harrison (who opened the shop with his father in 1988), Rick’s son Corey (who has worked there since childhood), and Corey’s childhood friend, Austin “Chumlee” Russell. The show, which became the network’s highest rated show, and the No. 2 reality show behind Jersey Shore, debuted on July 26, 2009. Reruns can be seen on History as well as its sister network Lifetime, which added the show in December 2010.

The series depicts the staff’s interactions with customers, who bring in a variety of artifacts to sell or pawn and who are shown haggling over the price and discussing its historical background, with narration provided by the Harrisons and occasionally Chumlee. The series also follows the interpersonal conflicts among the cast. One reviewer referencing these conflicts described the show as a version of Antiques Roadshow “hijacked by American Chopper’s” Teutul family. TV Guide has offered a similar description, calling the show “one part Antiques Roadshow, a pinch of LA Ink and a dash of COPS”.

Numerous local experts in a variety of areas also regularly appear to appraise the items being sold or pawned, one of whom, Rick Dale of Rick’s Restorations, is the star of the series’ first spin-off, American Restoration, which premiered in October 2010. Cameo appearances have been made by Bob Dylan, Jeremy McKinnon, Meredith Vieira, the Oak Ridge Boys and George Stephanopoulos.
-Wikipedia

I really HATE this show!!
These guys are legal thieves!! The most they usually give is half the value, if he doesn’t get 100% profit he doesn’t want it.

Most of the time they call in professional appraisers ahead of time.
I just saw an episode where Rick (the biggest and rudest thief of all of them) bought an Indian infants vest for over a thousand dollars. He looked at it with a magnifying glass and thought it was authentic, thinking he totally ripped off the client he then called in a professional, only to find out it is a replica. Hahahahahahahahaha serves you right you fucking Thief!!

He bought a Cy Young card from a guy and told him the expert was unreachable! All of a sudden he miraculously shows up!

It just makes me sick that people give in to these people, especially with eBay and other avenues of sale now available!

Do not bring your valuables to a pawn shop! If you want to get something appraised, learn from these shows (pawn stars, storage wars etc) and go to their experts not to a pawn store!! They typically deal with people who need money and people with stolen merchandise.

A guy brought in 3 giant Pinocchio marionettes

Valued at 6k each

He swindled the seller down to all 3 for $9,500

Before Rick called in the expert he went on camera saying that Disney memorabilia is highly collectible and he had the people to sell it to. When it came time to talk money he told the client that no one will buy it and he can’t give him anywhere near 6k each! He totally lied and robbed the guy! That pissed me off! I hope he gets his ass beat with the Karma stick!!

Don’t be lazy! Do your homework! Research online, take it to professionals in the field of the item. Pawn Shops will rob you!

P.S. Chum has one brain cell and his family says the same thing all the time! How can you sell anything at all to that guy! seriously!! C’mon people!!

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Copyright © 2012 louisjbianco All Rights Reserved.

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25 responses

  1. Don

    Just a throw in here, I was the guy that sold the Pinocchios to them, I had a total of $4100 invested in them (yes to sell) I knew they werent going to get anywhere near the $18k valuation. Bob Baker Marionnetes valued them at 10K each. I didn’t want them, I owned them for a total of a year and and a half made twice my money selling to them. I had tried to sell them before but most people don’t have money to buy things like that and why not make double your money when you have a chance. A side note to ponder anything over 10K would have to pay federal tax, do you think I wanted to hand over any money to the government when selling under 10K I wouldnt have to??? I work in sales as it is, so just because somethings “valued” at a certain price rarely means you sell it for that. The guys were actually very nice, talked during the show when off camera and took pictures after the taping was over. Chumlee wasnt there that day but the other three were. The best I can tell anyone is try to go on the show and then you will realize the process!!!

    November 17, 2012 at 2:25 PM

    • Yes, but in auction you probably could have pieced them out for much much more!!

      November 17, 2012 at 3:56 PM

      • Bob Walsh

        I can’t stand people who steal like that…especially on TV…the biggest thief out there now is that Rick Dale..his customers can’t be that stupid (I guess they are)…anyway, nice post Louis….Bob

        November 22, 2012 at 12:25 AM

      • It’s not really stealing its more like taking advantage of the less fortunate. In his defense most people do believe their junk is priceless, when usually it’s not, but to make 100% or more profit is bullshit!

        What Is the Average Gross Profit Margin for a Small Retail Business?
        by Richard Morgan, Demand Media

        Gross profit margin and net profit margin are two factors linked to a small retail business’s success. In basic terms, gross profit margin is the profit margin existing before removing taxes and operating costs. Net profit margin is the profit margin left over once the taxes and operating costs come out of the business.

        Calculations
        There is no average gross profit margin for a small retail business, since every retail business is unique. To show the range of gross profit margins, consider that a retail grocery store operates with a gross profit margin of around 25 percent, while a small jewelry store can operate at a gross profit margin level of around 50 percent. To calculate the gross profit margin for a small retail business, add a percentage of markup to the wholesale cost of an item or service. This provides a selling price. The difference between the selling price and the wholesale cost provides the gross margin price. To determine the gross margin percentage, simply divide the gross margin price by the selling price. For example, if a ceiling fan has a wholesale cost of $55 and a markup of 40 percent, the selling price of the ceiling fan is $77. This gives a gross margin price of $22. When dividing the gross margin price by the selling price, the gross margin is about 29 percent.
        Parameters
        Although there is no average gross profit margin for a small retail business, many small businesses operate within the parameters of having between a gross profit margin of 25 percent and 35 percent. It is important to remember that when operating expenses rise, it becomes necessary to increase the gross profit margin. Failing to do so puts a business at a loss. In 2005, independent booksellers had gross profit margins of slightly over 41 percent, yet had operating expenses of slightly over 42 percent, thereby causing many booksellers to operate at a loss.

        Net Profit
        When factoring in the gross profit margin, businesses always keep in mind the net profit margin. After all, the net profit margin is where profit for a business comes in, as well as money for future investments. If a business tries to get too high a gross profit margin, however, the pricing of an item or service might become too high, leading to a reduction in sales. On the other hand, trying for too low a gross profit margin might lead to a reduction in net profits, leading to less money for business investments, as can be seen with the small independent booksellers who were operating at a loss.

        Increasing Profit
        To raise the net profit margin without making pricing too high in the gross profit margin, a business needs to reduce costs, either by reducing the price of goods or by reducing the cost of labor. This means that it costs less to produce or purchase an item, but by keeping the price constant despite the lower cost, the overall gross profit margin increases. Gross profit margins need to stay steady, and if they wind up dropping, adjustments must be made to keep the business profitable. Small retail businesses sometimes operate at a disadvantage, since they cannot reduce the cost of goods or services the same way a large corporation can. For example, someone operating a small retail clothing store usually cannot get a clothing wholesaler to offer the same pricing the store offers a large department store, since the department store chain buys in bulk quantities. This means small retail businesses need to exercise vigilance over costs at all times, to ensure they do not operate at a loss.
        -smallbusiness.chron.com

        See even that site says about 50% gross profit margin.

        Like I said, most people go to a pawn shop because they need the money! By muscling them down to half the value of their item they are not helping the community as some pawn shops like to claim they do!

        Like I also stated… Go to any upper middle class to upper class neighborhood and find a pawn shop! I challenge you to find one! …don’t waste your time! You won’t find one!

        November 22, 2012 at 12:36 AM

    • jim

      How did you come across those pinocchio’s if i may ask, i am looking for one for myself.
      Thanks 🙂

      September 7, 2013 at 1:22 AM

  2. Priebster

    These guys aren’t ripping anyone off. The people who bring in their items to sell are bringing it in for quick cash. Sure sone of these items are “valued” much higher than what the pawn broker is willing to pay, but again, it’s a business. All businesses have to make pay the bills and make money.

    That said, the sellers are getting cash and quick for whatever reason. The sellers are free to research, advertise and put their goods up on eBay, Craigslist or an auction house, but that takes time and sometimes money to do so. Pawn Shops offer quick and easy cash for those who need cash quick.

    Another thing… For every item the pawn broker makes a huge profit off of, there are three that the broker barely makes anything off of. The pawn broker takes all the risks as well as the rewards.

    January 24, 2013 at 11:20 PM

    • You sound like a pawn broker trying to justify yourself!!! Like I stated earlier most businesses run on a 25-35% Gross profit margin, The guys at Pawn stars always try to make 100% or better! Like you said people are usually desperate and need the cash fast and they know this and exploit it!

      January 24, 2013 at 11:35 PM

  3. Scott Wallace

    They are all thieves. I understand that they need to turn a profit but they completely insult people with the worst low ball offers and laugh in their face. I wish people weren’t so desperate for money and let their property go for peanuts. I sometimes wonder about their so called experts that value some items much lower than they are worth, but they do call them their buddy.. I love when they get burned the most, they deserve much worse.

    February 4, 2013 at 12:09 PM

    • I agree, even hardcore Pawn has been brutally cheap lately!!! Les was ripping people off bad this season! I know what he was buying or trying to buy…

      February 4, 2013 at 12:13 PM

      • James

        You are an idiot louisjbianco. Let’s say an expert comes in, and values the item at 10k. Pawn Stars people purchase it at 5k. Let’s say there is an interested buyer 6 months later, offering 6k. They currently have money tied up in a very expensive item that is at risk for depreciation, loss in value, damaged, etc and it’s most likely will sit around for another 6 months until another buyer comes around. The buyer can haggle and probably make a good deal, way below the estimated value. You forget, just because it’s valued that much, doesn’t mean they are going to get that much. An items is only worth the amount somebody is willing to pay for it. It’s a game of risk, and the risks are high for buying stolen items, items that won’t sell, items that are fake, etc. And if you take the risk, you can reap the rewards. It’s not stealing, the people do NOT have to take their items there. If you compare it to your local pawn shops, I bet you won’t get 20% of what your item is worth.

        October 8, 2013 at 7:02 PM

      • Exactly they prey on the poor who have no choice but to take their shitty offer! Like I said, show me a pawn shop in an affluent area!!!! You can’t because they don’t exist! They know the offer is bullshit! As for resale, they list it for over the desired price, because they know people will haggle! Go to a local pawn store and look at the prices they want as compared to a consignment shop! Drastic difference!

        October 8, 2013 at 7:09 PM

      • And that’s bullshit when it comes to pawn stars I guarantee they move a lot more due to tv popularity! Oh I saw that item on TV I want it! Which is the real reason for these shows to drum up business for slow industries. I bet the amount of foot traffic in all pawn shops has increased since Pawn Stars and Hardcore Pawn. I also bet everyone and their mother is buying storage shed auctions since Storage Wars and Storage Hunters!

        October 8, 2013 at 7:17 PM

  4. Scott Wallace

    What really makes me angry is when they completely screw someone and the jacked up price they offer is based on the fact that they’re going to resell it. Then the old man of one of the other idiot’s decides that they want it for themselves. If that’s not stealing I don’t know what is. How can they tell someone that “it’s going to sit around forever” or “it’s going to take up room”. Then they pay next to nothing, and decide that they want the item. Like a car they bought and the old man wants to take it home, after Corey and Rick just screwed some guy because they said it was a tough sell. They are the biggest liars. Fat fn pig’s.

    February 4, 2013 at 6:12 PM

  5. Bob

    Are you people serious?

    First of all, the show is fake. But leaving THAT aside…

    No one is forcing anyone to sell ANYTHING! It doesn’t matter what the buyer sells it for (or thinks he can sell it for). If the buyer is willing to sell for $X, and feels that $X is worth more to him than whatever the item is, what difference does it make if the buyer sells it for $2X? Keep in mind that the buyer has to cover all of his expenses out of that (including “inventory holding cost”) AND make a profit as well.

    Next – I can tell you I had a small retail business and the MSRP on the items we sold was twice what we paid. Yes, that’s right, 100% markup.

    Finally, all this talk of taking advantage of people…cry me a river! I don’t know about you, but the ONLY reason why I go to work in the morning is because I need money to pay my bills. Is my employer somehow using or “exploiting me” because I am in a vulnerable position because I need money? Give me a break.

    Idiots.

    August 26, 2013 at 10:54 PM

    • The people that typically go to pawn shops are broke… And usually aren’t in the position to say no… And he knows that! Which is why he severely low balls them

      August 26, 2013 at 10:58 PM

      • Absolutely correct. It’s not a noble profession. I’d put it slightly above used car salesmen and maybe politicians.

        Again, desperate people, looking for quick cash. Some of the folks in this thread, keep accusing the pawnbrokers of “stealing”. I’ve never seen or heard of a single pawnbroker hold a gun to a seller, forcing them to sell their item at a ridiculously low price.

        Just the way things are, good, bad or otherwise.

        And the show is entertainment. A bit staged and contrived.

        August 26, 2013 at 11:18 PM

    • Rick

      I agree with Bob! I worked in the furniture business, working for several different stores over 30 years and they all had a mark up of about 100%. Sometimes customers could talk the price down a little but most of the time they would make a 100% profit.

      August 23, 2014 at 7:37 AM

  6. Chris

    Why doesn’t History make a follow up show on how much they SELL these items for? Buy price, sell price, length of time on the shelf etc.

    September 20, 2013 at 11:51 AM

    • You are absolutely right, probably because its bullshit, in the case of A&E’s Storage wars! When it comes to antique and consignment shops almost no one pays sticker price. The biggest violator of that is Moe on SW Texas, he’s like you can get $80 for a falling apart dresser, so they add it to the price and he over prices everything. Guaranteed in the store they make half the total of what they said in the bin. Just take Pawn Stars as your measurement. You find a treasure worth $10k and they offer you $5k and you settle on $6.5k then you price tag it for $10k and someone comes in and says oh I only have $8.5 or $9k and you say ok… that’s a profit but $1k down from the projected sales. If it has been sitting in the store foreverrrrr they may even sell it for $6.5k or less just to move it and make room for inventory that will sell. Instead of selling it as a loss, they may even take a gamble and auction it or put it on eBay. So, that is why they will never make that show! If they figure in labor costs, utilities and rent into their cost and they make a profit on it then all is good, but its not as rosey as they are selling it out to be, otherwise everyone would do it! Sure, they do make scores! But they get their fair share of burns. The successful stores like Rick know how to properly manage. Good management skills are the key.

      September 20, 2013 at 12:20 PM

      • As far as length of time on shelf, think about it. Say someone brings in Bill Gates’ personal diary, you get a chance to look into the mind of one of the richest men in the world and see how he thinks. WOW! Now, you find out they have had it for 5 years and its in plain site just sitting there… It kind of loses its magic! Oh, no one wants it…

        September 20, 2013 at 12:29 PM

  7. Dave

    With regard to Pawn Stars and the notion that they are ripping people off by looking to double their money when buying stuff. Basically buying something for a buck and selling it for 2. That’s pretty much what Wal Mart and all those dollar stores and well pretty much every retailer in America does, so why do you object to Pawn Stars wanting to do the same?

    I think it;s true that some things can site around for a long time prior to selling, its is true that they have to spend some money to make the items sellable (framing, fixing etc,)

    I used to run a restaurant, the pricing formula that most shops use is as follows meal retails for $19.99 plate mark-up $5 (profit margin) leaves $15 this is broken up as $5 for staffing, $5 for the place of business and $5 for the cost of food. That’s right when you spend $20 for meal you are getting $5 worth of food. what a rip off. Some places mark up the plate by just a buck or two and relay on drinks sales to cover the profit.

    I would agree that they over estimate the cost to auction goods off, the last time I sold an item at auction I used Aspire Auctions in Cleveland Ohio, my Item sold for $1125, I got $900 (20% fee) and with the premium 15% the buyer paid $1293.75. Interesting to note the painting I sold later showed up in a gallery offered at $4800 a 270% mark-up. I was very happy as I paid $5 for the painting at a garage sale. Is it possible that the expert says my painting is worth $4800 and Rick tries to buy it for $2500 gee I’d be happy with that.

    January 3, 2014 at 11:56 PM

  8. James

    I’d like to know why History pays these fat dildos.

    January 16, 2014 at 2:23 PM

  9. “Pawn Stars legal thieves!
    louisjbianco” honestly causes myself contemplate a small bit
    more. I actually cherished every particular part of it.
    I appreciate it -Christi

    January 25, 2014 at 6:19 AM

  10. Don

    Oh hell I just looked on here and seen your question. The first one my ex girlfriend received from her dad I bought it from her for $500. She knew was worth far more but didn’t want the hassle. The next two I bought online from two seperate individuals who were selling. Only bought because I contacted Bob Baker marionnetts and they told me their valuation on them. Only bought with intentions to sell.

    April 15, 2014 at 5:15 PM

  11. Rev

    It should be known by now that dealing with any pawn shop anywhere is dealing w/a middle man so the maximum value of an item will never be given. I always assumed pawn shops are a vehicle for people needing quick money and maybe even desperate so low balling from pawn shops is to be expected. It is surprising that people that aren’t desperate would go to a pawn shop in the first place to sell cars & phone booths. It shouldn’t be a secret that they will be offered the lowest amount possible so it’s on them if they choose that vehicle instead of seeking out true collectors that are willing to pay more.

    November 2, 2017 at 9:17 AM

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