Pawnshops Rise Above Reputation

by Luke Jones  on Monday, Jan. 16, 2012 12:00 am  

Thomas, in northwest Arkansas, said he used Craigslist to gain greater exposure to some rarer items, but he also didn't like to exclude his local crowd. "We have kind of a philosophy that we would rather not sell all of our premium stuff on eBay," he said. "We like to keep it visible for the local customers."

Finally, it seems pawnshops will be around as long as humans desire precious metals.

"What's really driven us has been the ever-rising price of gold," Collier said. "That has really been a boon for pawnbrokers, and a boon for pawn customers."

With the price of gold skyrocketing, Collier added, the size of pawn loans has risen across the country.



Please read our comments policy before commenting.