Pawnshop treasures..........

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MachIVshooter

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You never know what you're going to find sometimes. Yesterday, I went down to the local pawn and gun shop to pay off a S&W 5906 I put on layaway. I was going to wait until pay day and use cash, but I just got an itch to go get it, so I put it on the card. I fill out the 4473 and look around while waiting for my approval. I notice a fairly clean early type 99 Arisaka on the consignment rack. The mum is 90% ground, cleaning is rod missing and it had a ~2" long patch of rust on the barrel wrapping about half way around, but otherwise a very nice unit. It has a metal buttplate as well. Right next to it is sitting a very late production Remington 03A3 with a gutted receiver and no sights, but a very clean stock and shiny bore. I ask what the owner was looking to get out of them. The answer........$50 for both:eek: ! Needless to say, I didn't have to think twice. The rust cleaned off the Arisaka with virtually no pitting at all, and it'll cost me about $300 to put the 03A3 back together.

Some days you just can't believe how lucky you are!
 
Congratulations, you did well.

I read about these deals but never find any. :( It would help if I went to pawn shops more often though.
 
How about buying a 1926 Parker VHE 20ga for $275 off of a pawn shop and selling it for $6100 a couple of weeks later.
Also a Remington nylon 76 for $150 that was later sold for $650.
 
How about buying a 1926 Parker VHE 20ga for $275 off of a pawn shop and selling it for $6100 a couple of weeks later.
Also a Remington nylon 76 for $150 that was later sold for $650.

:( i'd feel like I just won the lottery:(
 
How about buying a 1926 Parker VHE 20ga for $275 off of a pawn shop and selling it for $6100 a couple of weeks later.
Also a Remington nylon 76 for $150 that was later sold for $650.

Same concept, bigger numbers. I could probably turn a $600 profit off both guns once the 03 is back in working order, but I don't plan on selling them. I have an 03A1 and a "last ditch" Arisaka 99, so these two represent models I don't have. They're here to stay.
 
Same concept, bigger numbers. I could probably turn a $600 profit off both guns once the 03 is back in working order, but I don't plan on selling them. I have an 03A1 and a "last ditch" Arisaka 99, so these two represent models I don't have. They're here to stay.

Being the same concept is the reason I posted my thread - these were a couple of my best pawn shop treasures. I will sell any gun if I can turn almost a $6000 profit in two weeks. Of course buying and selling guns adds a few thousand dollars a year to my yearly income and is more than just a hobby for me.
 
All the pawnshops around here deal mostly in cheap jewelry and used stereos with owners names scratched off... the guns in question are generally typified by the used Glock 27 I saw, with all the black finish rubbed off all the edges of the slide, for $650. I don't even visit any more.
 
I picked up a like new P&R Highway Patrolman .357 6" for $350 at the pawnshop down the street. That's a good price for this area and a classic S&W.
 
I just don't get it. Pawn shops around here charge three times more for a used gun than what I can buy it for new. I have come to the conclusion that pawnshop owners in MY area are just a bunch of gun collectors that like to show off their collection and DON'T want to sell anything out of their collection, unless they can buy two or three more for what the sold one for.
 
"I just don't get it. Pawn shops around here charge three times more for a used gun than what I can buy it for new."

That is a common tactic to get the suckers. The tag price is merely a suggestion. The key is to keep an eye out, frequent the place to get an idea how long a piece has been sitting there and bring CASH.

Pawn brokers hate anything that sits over a month, they often only give 25% of retail on ony firearm. If you keep your eyes open and show them green, you can usually haggle them down to what 50% of the tag price is. Not every time, but most times. You get a bargin, they make 100% profit, it is a win/win except for the fool that pawned grand daddy's rifle.
 
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