An open sign of a store front.

Smart Lessons from the TV Show Pawn Stars

Think pawning isn’t popular? This age-old business practice is so universal that a TV show about it on the History Channel turned into an international hit – with a lot of lessons to learn for anyone tuning in. 

The most valuable pearls of wisdom viewers got from the show could apply to any exceptional pawn service. To name a few:

1. Pawning Is Universally Popular

Since launching in 2009, the reality TV show Pawn Stars has kept millions of viewers around the globe enthralled with everything pawn-related. It’s taught us what to look for when exploring the different services our neighborhood pawn shop is offering. Also, about the kind of relationship you can build with an honest, expert pawner once you find them.

2. Pawn Shops Are Fascinating – You Never Know What You’ll Find

On TV, people who tune into the show are treated to more than haggling. Those scenes are part of the entertainment and may be partly scripted. But you also get to listen in on interesting conversations about the history of artifacts like a nineteenth century navy pistol or a poker cheating device. With an inventory in the thousands, the pawn shop in question chooses a few items to focus on in each episode, delving into the history behind each one.

3. How Much Is It Worth? Customers Want Accurate Appraisals of Goods

Other than some fun family dynamics, the main attraction of the show is often the recurring segments showcasing product appraisals. When folks bring in valuables from their attics, they want to know how much they are worth. This aspect of the show is a chance to display experts discussing what the market value of goods might be and why, which is why the show was often compared to Antiques Roadshow. Watch enough episodes and you’ll get a sense for how your own family heirlooms might be appraised.

4. Good Pawn Shop Brokers Tell It to You Straight

What stands out about Rick, the co-owner of the shop behind the show, is that he is a straight shooter who tells it like it is. If he doesn’t know the value of an item brought into his store, he takes his time to find out. 

Granted, this kind of plot makes for good TV and doesn’t necessarily reflect how the average exchange goes in real life. One highlight of the show is that numerous experts are introduced to offer up insights into the objects that will indicate what their market value would be today. All of this gives these segments an air of authenticity – a quality you too should expect from any service you would consider.

5. Honest Pawners Gain a Trusting Clientele

Perhaps the central lesson in Pawn Stars is that shoppers need to trust the person they’re considering doing business with. Remember, there are multiple services that consumers could potentially take advantage of at a reputable pawn shop:

  • Selling antiquities 
  • Taking out small loans
  • Using personal valuables as collateral
  • Assessing the value of merchandise 
  • Shopping for unique items

Every good business must earn the confidence of its customers. At the end of the day, Rick and the other characters know their stuff. They know when not to take the advice of certain appraisers, as well as when to learn from them.

6. Some Pawn Shops Can Repair Valuable Items for You, Too

Some episodes involve the Pawn Stars offering to repair items to determine their potential worth (or because something needs fixing). Need a piece of electronics equipment checked out for a possible repair? At Fullerton Pawners on Chicago’s north side, we also restore merchandise for customers, depending on the item and its condition. Give us a call or stop by to discuss your request. 

Fullerton Pawners in Chicago Has the Best Reputation Around 

Need a loan on short notice, or just want to browse some pretty cool inventory? There won’t be any TV cameras. Just a highly experienced and knowledgeable staff that gives clients an honest assessment of their goods, as well as loans when they need them.

Contact Fullerton Pawners by calling us at 773-637-9999, or stop by today to have your own merchandise evaluated.

A sign that says "come in we're open."

Why Pawning Is a Growing Industry You Should Know About

Pawning may be an old industry, but the use of pawnbrokers continues to rise. Why? Because there’s a lot more going on inside of them than the sale of rings and watches (although those are certainly welcome services to those who need them). Some of the reasons for the growing use of pawners:

  1. Quick and easy access to cash
  2. Local alternative for repair services
  3. A way to secure jewelry, electronics and other goods
  4. Wide variety of valuable items
  5. Preservation of anonymity

The internet has made it easier for pawnbrokers to access new shoppers and expand their customer base. Meanwhile, modern shoppers are more savvy and flexible than ever as they look for new ways to secure loans, make sales of their own, and discover great deals on coveted, hard-to-find items. 

Quick Access to Cash Loans for Chicagoans 

No one expects an emergency, but sometimes life throws you a curveball. And when it does, pawn shops are a convenient, neighborhood way to secure funds on a moment’s notice when there aren’t other options.

Medill Reports describes the basic loan process of pawnbrokers this way: “Pawnshops are primarily financial services that give out cash loans in exchange for physical collateral, often electronics or jewelry. The borrower can then pay back the loan plus interest to get their item back. Or, if the loan is never repaid, the pawnbroker can sell the item in a storefront to recoup losses.”

The loan amount people can secure this way tends to be fairly small, enough to help cover an unexpected bill. It requires minimal documentation and no credit check, which is why so many people use the service.

A Simple Way to Buy & Sell Electronics, Jewelry & Other Goods

Do you have a couple cool rings you’ve been thinking of selling? How about that antique watch that you never wear – but you know someone else would love it? The great thing about a quality pawnbroker is the simplicity of the deal. No red tape or intrusive questions. As long as you work with someone who is knowledgeable regarding their merchandise and provides good customer service, you can find quality computer equipment, smartphones and other valuable electronics for much less than you would at a traditional store.

Wide Range of Repairs, Purchases and Specialty Items

There’s a reason thrift stores are more popular than ever. Young people, in particular, appreciate the value of high-quality, second-hand goods. And pawn shops are the perfect site for discovering antiques and specialty items you can’t get anywhere else.

Keep in mind: not all pawn shops are equal, so it pays to take your time and shop around. For example, an established business like Fullerton Pawners comes with a full stock of unique and valuable goods, as well as a long track record as a trusted neighborhood lender. 

At Fullerton, our customers are often surprised by the diversity of services we offer, including:

  • Instant Cash Loans
  • Estate Purchases
  • Jewelry Repairs
  • Antique Specialists
  • Computer Repairs
  • Free Loan Appraisals
  • Loose Diamond Sales
  • Diamond sales
  • Watch Repairs
  • Wholesale Jewelry Sales
  • Cash Purchases

That said, there’s a reason not every pawn shop has a stellar reputation. One telltale sign you’re dealing with an untrustworthy broker is feeling pressured into a loan or other financial agreement. You should be allowed to browse the goods available, ask questions, and get information on the terms of any loan you are considering. 

Contact Trusted, Full-Service Pawnbroker at Fullerton in Chicago

For access to any of the above services – and a broad selection of merchandise ranging from unique coins and jewelry to antiques and electronics – Fullerton Pawners is here for you. We have a reputation as a respected, family-owned Chicago business that provides quality and secure pawn and loan services. Our team is prepared to answer all of your questions about how we purchase goods and the process for exchanging items for a temporary loan. 

Contact us online, or call us at 773-637-9999 for more information on what we can do for you today!

Illinois Pawn Association National Pawnbrokers Association Chicago Jewelers' Association IWJG
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