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  #1   Report Post  
Phil Hansen
 
Posts: n/a
Default Pawn shop inflation

Last year I got a Record Bailey 3 from a pawn shop in the nearest city.
Paid R50 ($7.5) for it. The assistant asked why I wanted an obsolete
piece of junk. "everybody uses power these days". replied that it was
still an extremely usefull tool and a lot still use them.
Went in on Friday, they had a Stanley handyman 12-020 and a Bohmer (sp).
They wanted R500 ($75) for them. 900% in a year? Bet they stay there for
a long time. Can buy a new Stanley Handyman here for about R250
There must be some serious suckers out there
--

Phillip Hansen
Skil-Phil Solutions

  #3   Report Post  
patriarch
 
Posts: n/a
Default

Phil Hansen wrote in
:

Last year I got a Record Bailey 3 from a pawn shop in the nearest city.
Paid R50 ($7.5) for it. The assistant asked why I wanted an obsolete
piece of junk. "everybody uses power these days". replied that it was
still an extremely usefull tool and a lot still use them.
Went in on Friday, they had a Stanley handyman 12-020 and a Bohmer (sp).
They wanted R500 ($75) for them. 900% in a year? Bet they stay there for
a long time. Can buy a new Stanley Handyman here for about R250
There must be some serious suckers out there


There's a Stanley Handyman on my tools shelf, but only for sentimental
reasons. It's the first handplane I swiped from my father's toolbox.

Well sharpened, it's OK for softwoods, if accuracy isn't too much of a
requirement.

There's a whole PhD dissertation to be written on the psycho-economics of
pawn shop pricing, but not this morning. I'm exhausted from reading
Keeter's Shop Snippets...

Patriarch,
who's certain that one is born every minute...
  #4   Report Post  
Greg
 
Posts: n/a
Default

I have seen used tools at pawn shop priced higher than the same model at the
BORG. It is certainly not the first place I would look for a bargain.
  #7   Report Post  
Greg O
 
Posts: n/a
Default


"Greg" wrote in message
...
I have seen used tools at pawn shop priced higher than the same model at

the
BORG. It is certainly not the first place I would look for a bargain.


True, Very true, but every so often you find nearly new tools for a good
price, like a PC 352VS, 3x21" belt sander, for $30, a PC693LRPK, router kit,
standard base and plunge baser, for $125. Sure not a great deal, but it was
like new, and included about $100 in carbide bits. A Crapsman 16ga brad
nailer for $25, likw new, and a PC7538 router for $125, also like new.

I have bought some other good finds also. I still make my pawn shop run
every month, rarely buy any thing, but it keeps me out of the bars! Once in
a while I find something I want and they have a rediculous price on it. I
come back once a week or so, drop it on their counter and offer them $XX for
it. I do it untill the item is gone or 'till I get my price.
Greg


  #8   Report Post  
nuk
 
Posts: n/a
Default

Greg O wrote:
"Greg" wrote in message
...

I have seen used tools at pawn shop priced higher than the same model at


the

BORG. It is certainly not the first place I would look for a bargain.



True, Very true, but every so often you find nearly new tools for a good
price, like a PC 352VS, 3x21" belt sander, for $30, a PC693LRPK, router kit,
standard base and plunge baser, for $125. Sure not a great deal, but it was
like new, and included about $100 in carbide bits. A Crapsman 16ga brad
nailer for $25, likw new, and a PC7538 router for $125, also like new.

I have bought some other good finds also. I still make my pawn shop run
every month, rarely buy any thing, but it keeps me out of the bars! Once in
a while I find something I want and they have a rediculous price on it. I
come back once a week or so, drop it on their counter and offer them $XX for
it. I do it untill the item is gone or 'till I get my price.
Greg



I've kind of wondered about this myself... I've seen some stuff there
that was good tools, but pretty well used and not so well maintained, if
you know what I mean, w/ an almost new price on it. I figured they
probably kept the price high as long as possible, hoping someone would
pay that for it, and just reduce things when they get tired of looking
at them or people wanting to haggle.

nuk
  #10   Report Post  
Frank Campbell
 
Posts: n/a
Default

In article , Phil Hansen
wrote:

Last year I got a Record Bailey 3 from a pawn shop in the nearest city.
Paid R50 ($7.5) for it. The assistant asked why I wanted an obsolete
piece of junk. "everybody uses power these days". replied that it was
still an extremely usefull tool and a lot still use them.
Went in on Friday, they had a Stanley handyman 12-020 and a Bohmer (sp).
They wanted R500 ($75) for them. 900% in a year? Bet they stay there for
a long time. Can buy a new Stanley Handyman here for about R250
There must be some serious suckers out there


Your post reminded me of a place here in Vancouver that I used to go to
many years ago, the guy had a store packed with stuff, he stood at the
door beside a sign that said "No Browsing". You told him what you were
looking for and if he had it he let you in, otherwise you were told to
leave. It was always a challenge to get in just to look around, it
really bugged him if you asked the price of something other than what
you had told him you were looking for.

--
http://doit101.com


  #11   Report Post  
Eric Anderson
 
Posts: n/a
Default

I am from the Detroit area. You would think that the personality you all
are describing would be unique. It is not! Why does it bother them if you
browse or if you say your are just looking? Many retail outfits LIVE on
that principle. As far as deals. About 30 years ago, I bought a Teac 3340,
4 channel reel to reel tape recorder with 10 1/2 reels for $250 (as I
recall, it was worth about $1500). It was like new. In the same pawn shop
I saw items (microphones, tools, etc), as you all have pointed out, higher
than retail. I would sure like someone in the business to explain this
philosophy. It might help to explain some of the same mentality I am seeing
in the real estate business now.

"Frank Campbell" wrote in message
...
In article , Phil Hansen
wrote:

Last year I got a Record Bailey 3 from a pawn shop in the nearest city.
Paid R50 ($7.5) for it. The assistant asked why I wanted an obsolete
piece of junk. "everybody uses power these days". replied that it was
still an extremely usefull tool and a lot still use them.
Went in on Friday, they had a Stanley handyman 12-020 and a Bohmer (sp).
They wanted R500 ($75) for them. 900% in a year? Bet they stay there for
a long time. Can buy a new Stanley Handyman here for about R250
There must be some serious suckers out there


Your post reminded me of a place here in Vancouver that I used to go to
many years ago, the guy had a store packed with stuff, he stood at the
door beside a sign that said "No Browsing". You told him what you were
looking for and if he had it he let you in, otherwise you were told to
leave. It was always a challenge to get in just to look around, it
really bugged him if you asked the price of something other than what
you had told him you were looking for.

--
http://doit101.com



  #12   Report Post  
Jolly
 
Posts: n/a
Default


"Eric Anderson" wrote in message
...
I am from the Detroit area. You would think that the personality you all
are describing would be unique. It is not! Why does it bother them if

you
browse or if you say your are just looking? Many retail outfits LIVE on
that principle. As far as deals. About 30 years ago, I bought a Teac

3340,
4 channel reel to reel tape recorder with 10 1/2 reels for $250 (as I
recall, it was worth about $1500). It was like new. In the same pawn

shop
I saw items (microphones, tools, etc), as you all have pointed out, higher
than retail. I would sure like someone in the business to explain this
philosophy. It might help to explain some of the same mentality I am

seeing
in the real estate business now.


I am a wood butcher who owns 3 pawnshops and I think I can answer one of
your questions. Most pawnbrokers - myself included- are professional
dilettantes who have a superficial knowledge in a variety of areas. Some
pawnbrokers have genuine expertise in a specific subject but are woefully
ignorant in most other areas. When I am on the prowl for tools I always
check other pawnshops first. I buy most of my tools from a pawnshop in the
next town - the man knows everything about musical instruments and nothing
about tools. Sometimes the prices are too high and other times the prices
are too low. I will not educate the man about tools - I would be shutting
off one of my best sources.

Jolly


  #13   Report Post  
Lobby Dosser
 
Posts: n/a
Default

"Jolly" wrote:


"Eric Anderson" wrote in message
...
I am from the Detroit area. You would think that the personality you
all are describing would be unique. It is not! Why does it bother
them if

you
browse or if you say your are just looking? Many retail outfits LIVE
on that principle. As far as deals. About 30 years ago, I bought a
Teac

3340,
4 channel reel to reel tape recorder with 10 1/2 reels for $250 (as I
recall, it was worth about $1500). It was like new. In the same
pawn

shop
I saw items (microphones, tools, etc), as you all have pointed out,
higher than retail. I would sure like someone in the business to
explain this philosophy. It might help to explain some of the same
mentality I am

seeing
in the real estate business now.


I am a wood butcher who owns 3 pawnshops and I think I can answer one
of your questions. Most pawnbrokers - myself included- are
professional dilettantes who have a superficial knowledge in a variety
of areas. Some pawnbrokers have genuine expertise in a specific
subject but are woefully ignorant in most other areas. When I am on
the prowl for tools I always check other pawnshops first. I buy most
of my tools from a pawnshop in the next town - the man knows
everything about musical instruments and nothing about tools.
Sometimes the prices are too high and other times the prices are too
low. I will not educate the man about tools - I would be shutting off
one of my best sources.

Jolly




I have a friend who claims the health of the economy can be measured by
the quantity of Snap On tools in pawn shops.
  #15   Report Post  
Robert Bonomi
 
Posts: n/a
Default

In article ,
Eric Anderson wrote:
I am from the Detroit area. You would think that the personality you all
are describing would be unique. It is not! Why does it bother them if you
browse or if you say your are just looking? Many retail outfits LIVE on
that principle. As far as deals. About 30 years ago, I bought a Teac 3340,
4 channel reel to reel tape recorder with 10 1/2 reels for $250 (as I
recall, it was worth about $1500). It was like new. In the same pawn shop
I saw items (microphones, tools, etc), as you all have pointed out, higher
than retail. I would sure like someone in the business to explain this
philosophy. It might help to explain some of the same mentality I am seeing
in the real estate business now.


I'm not in that business, but the explanation _is_ fairly simple. The
'secondary' re-sellers price based on 'what they know' about the marketplace.
If it is a piece they are familiar with, for which there is a 'mass market',
they will sell at a 'significant' portion of list price, and offer to pay
'less than that', when buying, of course. With stuff that they are _not_
familiar with -- high-end, 'pro', stuff, for example, they don't have any
real idea of the 'worth' of the pieces, *or* _how_long_ it will take them
to find a buyer. Thus, they'll only offer to pay a 'pittance' (pennies on
the dollar, or less) for the item -- finding _any_ buyer for *that* item
is much more of a gamble than with well-known 'consumer' stuff, and price it
'to sell'. They're not interested in maximizing their dollar return, as much
as maximizing the turn-over of the inventory.



  #16   Report Post  
Kevin Craig
 
Posts: n/a
Default

In article , nuk wrote:

I've kind of wondered about this myself... I've seen some stuff there
that was good tools, but pretty well used and not so well maintained, if
you know what I mean, w/ an almost new price on it.


You mean the stuff that looks like it's been lifted out of the back of
a contractor's truck, by a laborer looking to score his meth for the
day? Just the bare tool, no accessories? Dinged, dented, scuffed, and
covered in paint/grease/drywall dust? That kind of stuff?

Either that, or the cheapest of cheap tools: B&D jigsaws that shouldn't
sell for more than $15 at Wal Mart, 9" bandsaws that can be had at
discount stores for $40, $30 Skil brand saws, etc.

Yeah, that's what I typically see here in the land of SuperChain
SuperPawn SuperStores. Always priced at or sometimes above retail.
That's what you get when pricing is set by someone browsing catalogs at
headquarters.

Real mom-'n'-pop style pawn shops occasionally have something of
interest. And they're willing to deal, more often than not. Quite
unlike the commissioned "pawn specialists" at your typical
SuperChainSuperPawnSuperStore. I seek out Mom (or Pop) whenever I go
cruffling (a gun term), or tooling.

Kevin
  #17   Report Post  
Jim Behning
 
Posts: n/a
Default

I stop at shops just for fun. I have a few shops that I know have good
prices when they have stuff I want. Others that have lots of tools but
not good prices. I have gotten enough good tools at half price or less
that looking is worth my time. Of course I never need anything. I have
more tools than my Dad ever had and he has been around 80 years. Some
fish, some hunt with guns, I hunt for tools and even use some of the
tools.

Kevin Craig wrote:

In article , nuk wrote:

I've kind of wondered about this myself... I've seen some stuff there
that was good tools, but pretty well used and not so well maintained, if
you know what I mean, w/ an almost new price on it.


You mean the stuff that looks like it's been lifted out of the back of
a contractor's truck, by a laborer looking to score his meth for the
day? Just the bare tool, no accessories? Dinged, dented, scuffed, and
covered in paint/grease/drywall dust? That kind of stuff?

Either that, or the cheapest of cheap tools: B&D jigsaws that shouldn't
sell for more than $15 at Wal Mart, 9" bandsaws that can be had at
discount stores for $40, $30 Skil brand saws, etc.

Yeah, that's what I typically see here in the land of SuperChain
SuperPawn SuperStores. Always priced at or sometimes above retail.
That's what you get when pricing is set by someone browsing catalogs at
headquarters.

Real mom-'n'-pop style pawn shops occasionally have something of
interest. And they're willing to deal, more often than not. Quite
unlike the commissioned "pawn specialists" at your typical
SuperChainSuperPawnSuperStore. I seek out Mom (or Pop) whenever I go
cruffling (a gun term), or tooling.

Kevin


  #18   Report Post  
George
 
Posts: n/a
Default

The type of client who brings things _to_ the shop may not be who you want
in the shop. The same five fingers that lifted what he brings can work on
what you've got.

Pawnbrokers have to consult some general reference to price items. I
imagine it's MSRP on the internet.

As to real estate, it's the cost of money, not the cost of the footage that
drives the market.

"Eric Anderson" wrote in message
...
I am from the Detroit area. You would think that the personality you all
are describing would be unique. It is not! Why does it bother them if

you
browse or if you say your are just looking? Many retail outfits LIVE on
that principle. As far as deals. About 30 years ago, I bought a Teac

3340,
4 channel reel to reel tape recorder with 10 1/2 reels for $250 (as I
recall, it was worth about $1500). It was like new. In the same pawn

shop
I saw items (microphones, tools, etc), as you all have pointed out, higher
than retail. I would sure like someone in the business to explain this
philosophy. It might help to explain some of the same mentality I am

seeing
in the real estate business now.



  #19   Report Post  
Lawrence L'Hote
 
Posts: n/a
Default


"George" george@least wrote in message
...
The type of client who brings things _to_ the shop may not be who you want
in the shop. The same five fingers that lifted what he brings can work
on
what you've got.

Pawnbrokers have to consult some general reference to price items. I
imagine it's MSRP on the internet.


One of the clerks in the pawn shop I frequent compares the cost that is
marked on an item with what he finds on EBay. IMHO if you pay what an item
is marked in a pawn shop without asking something like, "how much do you
want for this?" or bargaining then you've probably bought a few bridges in
the Brooklyn area before.
Larry
--
Lawrence L'Hote
Columbia, MO
http://home.mchsi.com/~larrylhote


  #20   Report Post  
Phisherman
 
Posts: n/a
Default

One Saturday I decided to visit all the local pawn shops for tools.
It turned out to be a total waste of time, plus emptied a tank of
gasoline. The tools I did see and showed interest were worn and
60-80% of new cost. I have a more enjoyable time in my shop, and shop
online for new quality tools. No more pawn shops for me!


  #21   Report Post  
Tim Douglass
 
Posts: n/a
Default

On Sun, 17 Oct 2004 13:14:51 -0500, "Greg O"
wrote:


"Greg" wrote in message
...
I have seen used tools at pawn shop priced higher than the same model at

the
BORG. It is certainly not the first place I would look for a bargain.


True, Very true, but every so often you find nearly new tools for a good
price, like a PC 352VS, 3x21" belt sander, for $30, a PC693LRPK, router kit,
standard base and plunge baser, for $125. Sure not a great deal, but it was
like new, and included about $100 in carbide bits. A Crapsman 16ga brad
nailer for $25, likw new, and a PC7538 router for $125, also like new.


Sheesh! Last time I checked the pawn shops around here they want
80-90% of brand new price for something that looked like it had been
dragged behind a truck for a mile. Nail gun that was 299 at the Borg
was 279 at the pawn shop, but the pawn shop one didn't have the case,
was dinged all over, splashed with paint and featured a nice dent in
the magazine. I've done much better on e*ay.

Tim Douglass

http://www.DouglassClan.com
  #23   Report Post  
 
Posts: n/a
Default

Frank Campbell wrote in message ...
Your post reminded me of a place here in Vancouver that I used to go to
many years ago, the guy had a store packed with stuff, he stood at the
door beside a sign that said "No Browsing". You told him what you were
looking for and if he had it he let you in, otherwise you were told to
leave. It was always a challenge to get in just to look around, it
really bugged him if you asked the price of something other than what
you had told him you were looking for.


There's a used tool store in Cambridge, Ontario where the owner's
philosphy isn't much different. The place is stuffed floor to
ceiling, and he whines about having five times that much in storage,
but if you ask the price on anything, he makes up some story about the
price of a new one, and offers it to you at about 20% more than new
retail.

Last time I was in I asked about a 3/8" air ratchet that looked like
it had been dragged in behind a towtruck from the next city. Only
$80, as is.

Of course, he had a brand new one-ton Ford with every option beside
the store, so there must be enough idiots with money to keep him
going...
  #24   Report Post  
Greg O
 
Posts: n/a
Default


"Tim Douglass" wrote in message
...
On Sun, 17 Oct 2004 13:14:51 -0500, "Greg O"
wrote:


"Greg" wrote in message
...
I have seen used tools at pawn shop priced higher than the same model

at
the
BORG. It is certainly not the first place I would look for a bargain.


True, Very true, but every so often you find nearly new tools for a good
price, like a PC 352VS, 3x21" belt sander, for $30, a PC693LRPK, router

kit,
standard base and plunge baser, for $125. Sure not a great deal, but it

was
like new, and included about $100 in carbide bits. A Crapsman 16ga brad
nailer for $25, likw new, and a PC7538 router for $125, also like new.


Sheesh! Last time I checked the pawn shops around here they want
80-90% of brand new price for something that looked like it had been
dragged behind a truck for a mile. Nail gun that was 299 at the Borg
was 279 at the pawn shop, but the pawn shop one didn't have the case,
was dinged all over, splashed with paint and featured a nice dent in
the magazine. I've done much better on e*ay.

Tim Douglass

http://www.DouglassClan.com


That same pawn shop has another PC7538 router. They are asking $275 for this
one, and it is used! It has been sitting there for six months or so. The one
I bought they were asking $175, and after three trips they went down to my
offer of $125. Right now that router is on Amazon for $319, plus PC has a
$50 rebate on purchases over $300, making the out the door price $269 plus
tax.
I do HVAC work for aliving so a set of AC gauges caught my eye. The tag was
marked $175, I offered him $50, several times! The last time there I told
him anyone can buy the same exact set new for $125. He still would not
budge!

As for those who say they would rather spend the time in the shop, often I
drag my wife and daughter along on my pawn shop rounds. They buy CDs and
video games. So it gets to be a family outing!
Greg


  #25   Report Post  
Greg O
 
Posts: n/a
Default


wrote in message
om...
Frank Campbell wrote in message

...
Your post reminded me of a place here in Vancouver that I used to go to
many years ago, the guy had a store packed with stuff, he stood at the
door beside a sign that said "No Browsing". You told him what you were
looking for and if he had it he let you in, otherwise you were told to
leave. It was always a challenge to get in just to look around, it
really bugged him if you asked the price of something other than what
you had told him you were looking for.


There's a used tool store in Cambridge, Ontario where the owner's
philosphy isn't much different. The place is stuffed floor to
ceiling, and he whines about having five times that much in storage,
but if you ask the price on anything, he makes up some story about the
price of a new one, and offers it to you at about 20% more than new
retail.

Last time I was in I asked about a 3/8" air ratchet that looked like
it had been dragged in behind a towtruck from the next city. Only
$80, as is.

Of course, he had a brand new one-ton Ford with every option beside
the store, so there must be enough idiots with money to keep him
going...


Same philosophy keeps Ebay going strong!
Greg




  #26   Report Post  
CW
 
Posts: n/a
Default

Your fault. You told him they were worth something. He believed you.

"Phil Hansen" wrote in message
...
Last year I got a Record Bailey 3 from a pawn shop in the nearest city.
Paid R50 ($7.5) for it. The assistant asked why I wanted an obsolete
piece of junk. "everybody uses power these days". replied that it was
still an extremely usefull tool and a lot still use them.
Went in on Friday, they had a Stanley handyman 12-020 and a Bohmer (sp).
They wanted R500 ($75) for them. 900% in a year? Bet they stay there for
a long time. Can buy a new Stanley Handyman here for about R250
There must be some serious suckers out there
--

Phillip Hansen
Skil-Phil Solutions



  #27   Report Post  
Mark & Juanita
 
Posts: n/a
Default

On Mon, 18 Oct 2004 14:53:00 GMT, Phisherman wrote:

One Saturday I decided to visit all the local pawn shops for tools.
It turned out to be a total waste of time, plus emptied a tank of
gasoline. The tools I did see and showed interest were worn and
60-80% of new cost. I have a more enjoyable time in my shop, and shop
online for new quality tools. No more pawn shops for me!


Same experience here. Never have found anything in a pawn shop that was
even close to a bargain.


  #29   Report Post  
Mark & Juanita
 
Posts: n/a
Default

On Mon, 18 Oct 2004 13:28:55 GMT, "Lawrence L'Hote"
wrote:


"George" george@least wrote in message
...
The type of client who brings things _to_ the shop may not be who you want
in the shop. The same five fingers that lifted what he brings can work
on
what you've got.

Pawnbrokers have to consult some general reference to price items. I
imagine it's MSRP on the internet.


One of the clerks in the pawn shop I frequent compares the cost that is
marked on an item with what he finds on EBay. IMHO if you pay what an item
is marked in a pawn shop without asking something like, "how much do you
want for this?" or bargaining then you've probably bought a few bridges in
the Brooklyn area before.
Larry


Thing is, they mark the price so high, that one doesn't even feel that
trying to bargain to a reasonable price is worth the effort. i.e., that
policy can work against them.

  #31   Report Post  
Phil Hansen
 
Posts: n/a
Default

In article , Larry Jaques
says...
No, no, no. You're supposed to send the virginal maiden to me.
Send JOAT the middle finger off your left hand. He'll give the
finger to the WW gods. Er, so to speak.



--

Phillip Hansen
Skil-Phil Solutions

  #34   Report Post  
Tim Douglass
 
Posts: n/a
Default

On Mon, 18 Oct 2004 19:10:09 -0500, "Greg O"
wrote:

As for those who say they would rather spend the time in the shop, often I
drag my wife and daughter along on my pawn shop rounds. They buy CDs and
video games. So it gets to be a family outing!
Greg


The CDs, videos and games are about the only really good deal I've
found in pawn shops around here. They have so many VHS tapes that you
can get just about anything for around 2-3 bucks.

Tim Douglass

http://www.DouglassClan.com
  #35   Report Post  
Silvan
 
Posts: n/a
Default

Lawrence L'Hote wrote:

marked on an item with what he finds on EBay. IMHO if you pay what an
item is marked in a pawn shop without asking something like, "how much do
you want for this?" or bargaining then you've probably bought a few
bridges in the Brooklyn area before.


Yeah, they love it when somebody just pays the sticker price. Around here
anyway stuff usually goes for 60% of what's marked. Less than that if you
catch them at a time when they'd rather have some money today than see you
walk away empty handed.

--
Michael McIntyre ---- Silvan
Linux fanatic, and certified Geek; registered Linux user #243621
http://www.geocities.com/Paris/Rue/5407/
http://rosegarden.sourceforge.net/tutorial/


  #39   Report Post  
 
Posts: n/a
Default

On Wed, 20 Oct 2004 06:03:46 +0200, Phil Hansen wrote:

In article ,
says...

OK, we'll compromise. Phil, you send Larry a sheep, and I'll give
him the finger.


No problem. Consider it done.



'acourse, it's kinda a long trip for JOAT, going all the way up to
Larry's just to finger a sheep....
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CLOSE CALL - SMOKE ALARM IN THE SHOP? T. Woodworking 47 December 6th 03 04:35 AM


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