October 2, 2023

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


LAS VEGAS – All the things has a story and a price tag, as the famed “Pawn Stars” say.

That is primarily legitimate correct now with the rates of gas, meals and just about anything else on the increase.

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

Store proprietor Rick Harrison, from the Record Channel’s “Pawn Stars,” claimed he as soon as experienced a dude try out to promote a bag of human skulls.

While he has not seen that just about every day, he did say a lot of people today have been coming in to get. “People today are expending a large amount of money. I signify, you will find all this outrageous inflation point and all this income out there from all of the federal government just shelling out funds like h2o.”

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Harrison has operate the Gold & Silver Pawn Store in Las Vegas given that 1988.

“For 4 years, I pitched the reality present and individuals just saved telling me that no a person needed to check out a show about four unwanted fat men in a pawn shop,” he joked.

His truth exhibit premiered in 2009, for the duration of the economic downturn. “It took a whilst to climb out of it, but it was gradual and progressive.”

At the time, the pandemic and the government’s response to it ended up not influencing the financial state, so Harrison said the recession in 2008 was a much more the natural way developing problem.

Las Vegas pawn shop signs

The Pawn Stars Las Vegas retailer, Gold & Silver Pawn Shop, is regaining the foot traffic dropped all through the pandemic. (FOX Business enterprise/Ashley Soriano / Fox News)

His pawn store and quite a few other folks are now handling the ebb and stream of organization for the duration of the pandemic.

“Pre-pandemic, I was averaging proper around 3,000 customers a working day. Then the pandemic occurred, and in April 2020, at a $325,000 payroll and $48,000 in gross sales,” Harrison claimed, “I indicate, it was a ghost city in in this article.”

Now, the country faces document-higher inflation.


“A ton of the decrease-stop things individuals are looking to make a speedy buck off, and issues like that,” Harrison explained. “With the bigger-conclusion stuff, it is really just, persons see it as an financial investment.”

David Moreno lately went to Gold & Silver Pawn for the very first time. He had offered a assortment of comic guides to one more keep in 2016 for $1,100.

“Now, I don’t forget the comics that I experienced, and some of them I see now, they’re way a lot more for one particular than the $1,100 I created on that 1 to sell,” Moreno said.

Collectible objects are well-liked right now.

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Harrison explained baseball cards have been heading for hundreds of hundreds of bucks, when a number of a long time back, they would offer for around $20,000.

Mike Roland of Northern California is a frequent pawn store buyer. He is in the industry for vintage guitars, inspite of the increased rates.

“I do not enable it get me down. I maintain on likely,” Roland stated.

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The Gold & Silver Pawn Store nonetheless does not have as a lot of worldwide readers as before the pandemic.

“I would not be caught shorthanded on cash again… so I am likely to make absolutely sure that would not happen yet again,” Roland claimed. “Small business is Darwinism. You preserve on evolving or you die.”


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