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Pawn Shops

Pawnbrokers issue personal loans to people, while holding their property as collateral. Jewelry, tools, firearms, and electronics are commonly held to secure the loan. If the loan is not paid back, the goods are sold in a shop setting.

614 Questions

When some one pawns a rental item who takes the warrant for theft by conversion the pawn shop or the rental company What deems the charge a felony?

The rental company always retains ownership of the item, and would report the loss to the police as theft (Larceny After Trust).

The pawn dealer, who paid for the item would be out the value of the pawn. He could report being defrauded to the police andhe could sue you civilly for to recover the damages from his loss.

Whether or not it constitutes a felony is usually detemined by the monetary value of the item. This amount will vary from state-to-state or according to the elements of the crime and could be charged (according to state statutes) as either a misdemeanor or a felony.

Where do you get a pawn shop license in boksburg?

To obtain a pawn shop license in Boksburg, you need to apply through the local municipality or relevant licensing authority. This typically involves submitting an application form along with required documentation, such as proof of identity and business premises. It's advisable to check with the Ekurhuleni Metropolitan Municipality for specific requirements and guidelines. Additionally, you may need to comply with regulations set by the South African Reserve Bank regarding the pawnbroking industry.

Can a felon own a pawn shop with no firearms?

Depends on the laws where YOU live. They vary place to place.

How much will a pawn shop pay for a 1 carat diamond ring?

Your only reliable answer will come from a pawn shop.

You may be able to achieve a higher loan amount if you know more about the ring. The particulars of the diamond -- it's cut, colour, and clarity in addition to its carat weight, plus the metal in which it is set and its purity, will all improve your barter position.

What can pawn shop owners do with pawns while still in pawn?

it depends on the state you are in. If you are in in a "buy sell state" then the pawn broker is the owner of the item(s) until you pay your interest or get it out.

If you are in a state which a "traditional pawn shop" can operate then the items are yours until you default.

Do Pawn shops offer flexible loans?

"Pawn shops do not offer loans as a bank or a cash shop would. You are required to leave something as collateral. A pawnbrowker does not have to offer anything on the object. If he does, he is required to hold on to the object for a specified number of days in case the original owner decides to return for it. The person would have to pay the money back with interest. If he or she does not return in that time period, then the pawnbroker is free to sell the item."

Are pawn shops open on Sundays in Kentucky?

yes there is only one in bardstown ky. open 7 days a week

Should pawn shops be illegal?

No. But they should be regulated to prevent being used as a fence for stolen goods.

The service they provide is for loans to those who could otherwise not get access to capital.

Where to buy fake gold that passes as real in pawn shops?

contact me, we make perfecet replica gold coins, if u are interested in pls send mail to david_lee9567@163.com

Can a minor work at a pawn shop?

depends on how old but, no they can't. the only place i know of that a minor can work is wild rivers

Do pawn shops accept Heavy gold electroplated rings?

It really depends. Most shops won't buy gold plated items (unless it is something like gold plated silver) because there really is no demand and the amount of gold on there is very, very, very tiny. On the other hand, if it is something of nice workmanship or an antique, they might buy it for the antique value. But all pawn shops are different, what one accepts readily others might not be willing to accept, the only way to know is to go in and ask.

Can a pawn shop tell if a computer is stolen?

Yes, depending on the make and how old it is.

Majority of the time, you'll get caught if it is stolen. Here in Canada, the police check pawn shops weekly for electronics that have been reported stolen. So if the computer has been reported to the police as stolen, and you sell/pawn a stolen computer, then ya I'd expect them to find out. If it is a stolen machine then whether or not it's been reported as a stolen computer really depends on the previous owner. Example: if the owner is a person who knows almost nothing about computers and they only have one to use for internet research and email etc. Then obviously that was a big deal to that owner, they used it for important things. Also for some reason a working computer to someone who knows nothing about them could be worth a lot of money in their mind. Even if its a p2/32MB SDRAM, and a 4GB HDD, if it works then it could be worth whatever they bought it for in their mind, when really it's only worth about 40$

How much is a 1 carat ruby worth in a pawn shop?

It depends on the color and clarity, and also the type of setting and its metal. (too many ifs to answer precisely because it also depends on the person at the pawn shop. You can have it appraised first though.)