Contrary to what I have read here, I think "Pawn Stars"

[Mnpaul]

71. 600%?

You really have no clue what you are talking about. You won't even find that kind of profit margin at any pawn shop. In reality the best you might see is 100% and that is rare. I know because I worked at one for 5 years and ran it by myself for half of that time. I will give you an example of how that 10% is misleading you.

About a year ago I purchased a Logitech Z-5300 speaker system from a pawn shop. They originally sold for $400. I purchased them from the pawn shop for $80. At the time they were selling on eBay for $170. When I got home I found out that two speakers were blown. I went back and told them the problem. They offered to refund my money. I told them that I would be willing to buy them at a reduced price. I figured that they paid $40(roughly 25% of going price on eBay) and offered them $50. They consulted with their manager and he said yes. So there you have it. They paid 10% of new price but did not make 600%. Not even close. They made $10. A 25% profit and that is before you take their costs out.

And none of these shows give you the other side of the coin, people who try to dump their broken crap off on the pawnshop. They will go to great lengths to cheat the pawn broker. If you ask any pawn broker if they ever bought a fake Rolex, you will see that almost every one has bought at least one and got burned bad.