Posted by Sammy in Kansas on January 01, 2014 at 16:30:05 from (207.119.133.179):
In Reply to: pawn shop posted by the flying belgian on January 01, 2014 at 12:18:25:
I have bought a lot of good tools, rings various other things at pawn shops over the years. There is about a dozen of them I buy from on a regular basis. The way they have explained it to me, is a person needing fast cash, most of time that takes in people on drugs and have stolen property, brings goods into the store to pawn or sell. They will determine a resale value, in other words what they feel they can sell it for in their store. The pawn show will loan him or her aprx. 25 percent max of the estimated value and again after 90 days if terms of loan are not met, they will place it on there shelves for sale. They start out at that pre determined value and the longer it sets on the shelf the lower the price will go. They have told me they hardly ever sell something for less that half of what it is worth, so at a worse case, they give you 25 percent and sell it for 50 percent of actual value so they have doubled there investment.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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