Pawn Shop Code Crackers

[Farmall 1066]

Got this set a while back for $60, out the door, and thought that was a pretty fair price for this set.
IDK why, but I’ve been wondering what they actually had in it.
Any of you code crackers care to take a shot at this one?

 

[Lassen Forge]

They still made $20-40 off of you... My guess is they gave a $20 loan, $40 was the value, so anything above that was gravy...

Just a wild assed guess, but most hock shops try to get a minimum of 4x what the ticket was... the minimum they needed was ZDZZA - 0400(1)... 40 bucks and it's on it's first money shot... Probably the next one will be ZDZZB, etc. with a probable new price of $84.99, then C will be $79.99...

 

[bpjr]

I'm sure it varies but a pawn shop owner friend told me his normal buying rate is 10% of what he can sell it for. He's been in business over 30 yrs so I guess it's competitive with other shops.

 

[Ign]

https://www.garagejournal.com/forum/showthread.php?t=44348

 

[Packard V8]

The idea we're gonna walk into a pawn shop, scope their system and take money from them is as likely as taking the kill from a lion at dinnertime.

jack vines

 

[64merc]

I can't crack the code but I'm guessing they paid about $20-$25 tops

I think you got nice deal if they all work well.

 

[Bogie1632]

https://www.garagejournal.com/forum/showthread.php?t=44348

V/R
Bogie

 

[Lassen Forge]

Remember, a hock shop is there to keep a roof over their heads and make money, maybe even send the kids to college... thought it would be a fun business to be in, but the only way you get into the business is be born into it, or marry into it.

 

[Farmall 1066]

Thanks guys!
No illusions about buying anything from a pawn shop at break-even or loss to them.
I priced this set new and I’m happy with what I gave.

Btw...the locking swivel feature is really sweet. Didn’t know these existed until I saw this set.

 

[The Cobbler]

Remember, a hock shop is there to keep a roof over their heads and make money, maybe even send the kids to college... thought it would be a fun business to be in, but the only way you get into the business is be born into it, or marry into it.

A friend of a friend was in the pawn business after he retired with a nice buyout pension.He did high end, not junk... I'm sure He did well at it financially, but it was a lot of headaches . When is landlord wanted to raise the rent "hefty" he said he wasn't willing to pay that , landlord thought he would call bluff, landlord lost. place sat vacant for at least 2 years .