‘Pawn Stars’ Las Vegas store, other pawn shops regaining business amid inflation, COVID-19 pandemic


LAS VEGAS – Everything has a story and a rate, as the well known “Pawn Stars” say.

That is especially true correct now with the costs of gasoline, food and just about all the things else on the increase.

But even so, pawn outlets are regaining business enterprise as the COVID-19 pandemic appears to wind down. 

Shop owner Rick Harrison, from the Record Channel’s “Pawn Stars,” explained he once experienced a guy try to offer a bag of human skulls.

When he has not observed that every day, he did say a ton of men and women have been coming in to get. “People are paying a great deal of dollars. I signify, you will find all this mad inflation detail and all this cash out there from all of the government just shelling out funds like h2o.”

GROCERY Shoppers Building ‘DRAMATIC SHIFT’ Away FROM Nationwide Models AMID INFLATION, Grocery store CHAIN Claims

Harrison has run the Gold & Silver Pawn Store in Las Vegas considering that 1988.

“For 4 yrs, I pitched the reality show and folks just stored telling me that no 1 wanted to enjoy a demonstrate about 4 fat men in a pawn shop,” he joked.

His actuality display premiered in 2009, through the recession. “It took a though to climb out of it, but it was sluggish and progressive.”

At the time, the pandemic and the government’s response to it have been not affecting the economy, so Harrison said the economic downturn in 2008 was a extra normally taking place situation.

Las Vegas pawn shop signs

The Pawn Stars Las Vegas shop, Gold & Silver Pawn Shop, is regaining the foot targeted traffic dropped during the pandemic. (FOX Small business/Ashley Soriano / Fox Information)

His pawn shop and numerous many others are now controlling the ebb and flow of enterprise through the pandemic.

“Pre-pandemic, I was averaging suitable all-around 3,000 customers a working day. Then the pandemic took place, and in April 2020, at a $325,000 payroll and $48,000 in sales,” Harrison mentioned, “I suggest, it was a ghost town in below.”

Now, the place faces record-superior inflation.


“A great deal of the reduce-conclusion things persons are wanting to make a swift buck off, and matters like that,” Harrison claimed. “With the higher-stop things, it truly is just, folks see it as an investment decision.”

David Moreno just lately went to Gold & Silver Pawn for the to start with time. He had bought a selection of comic books to yet another shop in 2016 for $1,100.

“Now, I keep in mind the comics that I had, and some of them I see now, they’re way more for one particular than the $1,100 I made on that 1 to offer,” Moreno stated.

Collectible items are well-liked right now.

SAN DIEGO Foodstuff TRUCK CHEF SPENDS $2,000 ON Fuel Every Month

Harrison mentioned baseball cards have been likely for hundreds of thousands of pounds, when a couple of many years in the past, they would market for around $20,000.

Mike Roland of Northern California is a recurrent pawn shop buyer. He is in the sector for vintage guitars, inspite of the increased costs.

“I you should not let it get me down. I maintain on going,” Roland explained.

Click on In this article TO Study Extra ON FOX Enterprise

The Gold & Silver Pawn Shop even now does not have as a lot of worldwide readers as ahead of the pandemic.

“I will not be caught shorthanded on cash again… so I am going to make positive that does not materialize once more,” Roland mentioned. “Enterprise is Darwinism. You hold on evolving or you die.”


Supply backlink