NPA Weekly NewsBrief
May 17, 2011

With 'Pawn Queens,' pawnshop trades in seedy image for feminine chic
ABC Nightline
VideoBrief If you're in the market for a 10-foot suit of armor — or have some stuff to sell for quick cash — Naperville Jewelry and Loan, just west of Chicago, is your treasure destination. Business at pawnshops is booming — because the economy isn't. Pawnshops are no longer seedy places with barred windows where lowlifes hock an old guitar or wristwatch to buy a bottle of Night Train. The tough economic times have made these shops the hot place for buying and selling used goods — just as popular as eBay, yard sales or Goodwill.More

For richer, for poorer, Utah pawnshop businesses boom
The Salt Lake Tribune
Cash-strapped consumers hocking personal items at pawnshops or obtaining loans at payday lending stores are making for a booming business. Just this month, one of the larger pawn operators in the world purchased for $11.8 million seven Utah shops that had operated under the Colorado-based Jumping Jack Cash brand. Although the majority of pawnshops are independently owned, big corporations are making inroadsMore

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pawnbroker industry


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To access these exclusive promotions, please click here.More

Pawnshops best place to sell gold
WDBD-TV
VideoBrief Nick Fulton owner of USA Pawn & Jewelry in Vicksburg, Miss. Precious metals is a very hot topic, and they buy a lot of gold and silver every day. Selling your gold to those "weekend hotel gold buying setups" or even a gold buying party is not something he recommends. Fulton discusses why this is not a good idea and more about pawnshops. Nick Fulton, owner of USA Pawn & Jewelry in Vicksburg,Miss., talks about the pawn industry on the Fox 40 and Friends morning show.More

Texas pawnbroker abducted and killed by 3 he tried to help
The Dallas Morning News via Seeking Alpha
Jerry Chambers simply wanted to help, and Dallas police say it got him killed. Authorities say two men and a woman abducted Chambers, 57, a Mesquite, Texas, resident, from a pawnshop after telling him they had run out of gas. Chambers was fatally shot and dumped. More

Precious metals met with scrutiny in Massachusetts city
Worcester Telegram & Gazette
Numismatist Norman R. Ashby and his wife, Claudette R. Ashby, have operated Rollstone Coins, their coin and jewelry shop in Fitchburg, Mass., for more than 30 years. Norman Ashby, 72, said they have seen the industry evolve over the years, including a change in the mid-1980s when a new law went into effect requiring them to check the identification of anyone looking to sell coins or jewelry.More

New pawnbrokers is a first for town north of London
Haverhill Echo
Cash & Cheque Express opened recently in Haverhill — civil parish in the county of Suffolk , England — recently offering pawnbroking, gold-purchasing, check-cashing, money transfers and currency exchange among other services. The national chain has 13 branches. More

Slide show: Pawned in Las Vegas
The New York Times Magazine
The New York Times Magazine recently ran a photo collage of items pawned at Pioneer Loan and Jewelry in Las Vegas. The pawnshop lends a customer up to 80 percent of an item's value, then may sell it after 120 days. More

Indianapolis conducts first pawnshop sweep
WRTV
VideoBrief For the first time, inspectors carried out a sweep of the Indianapolis' pawnshops and secondhand dealers, checking licenses and looking for violations. Of the eight businesses checked by the Department of Code Enforcement, one was found to be without the required license, while inspectors also found 11 zoning violations and 50 fire code violationsMore

Hudson Falls, NY, slates public hearing on pawnshop law
The Post-Star
Without any regulations, Hudson Falls, N.Y., officials said secondhand shops have become ideal places for criminals to sell their stolen goods. Although there is only one such establishment in the community, village officials said they are being proactive in drafting a local law to require permission from the Village Board before anyone can operate a business that buys and sells secondhand goods. General Business Law requires all businesses to be licensed by the local licensing authority or the mayor of a city or village, but there are no regulations for secondhand dealers at the state or county level. More

Gold steady, silver falters under firm dollar
Reuters
Gold held steady and silver slid, pressured by a firm dollar as fears about the euro zone debt crisis deepened ahead of a meeting of the bloc's finance ministers. The euro slid to a seven-week low against the dollar after IMF Chief Dominique Strauss-Kahn, a key voice in euro zone debt talks, was charged with sexual assault, increasing uncertainty on aid for Greece and other indebted euro zone countries.More

Pawnshop chain wants to open store in Greenfield, Wis.
Milwaukee Business Journal
A Minnesota company wants to put a 40,000-square-foot pawnshop in the building that housed Circuit City and, briefly, Ultimate Electronics in Greenfield, Wis. Rixxman Companies of Burnsville, Minn., hopes to open an Exchange Street resale shop in the building this fall, said Chuck Armstrong, Rixmann director of community affairs.More

California Pawnbrokers Association offers tips to selling scrap gold
PR Web
With the price of gold soaring to new record highs, millions of Californians are flocking to gold buying establishments every day in the hopes of making quick cash for their scrap gold and unused jewelry. To meet the demand, cash for gold businesses are cropping up nationwide in unparalleled numbers. However, it's important for Americans to do business with a reputable company they can trust. More

Pawnshop rules might extend to secondhand shops
Argus Leader Media
Secondhand businesses that buy and resell items from customers would be required to register those purchases with Sioux Falls, S.D., police under a proposal going to the City Council next month. Pawnshops already are required to enter each item they buy in a database that links to a national list of stolen property. More

Woman guilty of first-degree murder in pawnshop robbery
Minneapolis Star Tribune
A Hennepin County, Minn., jury convicted a woman of murder for her role in a 2009 pawnshop robbery that left a customer dead. Rosalyn McDonald-Richards, 58, was found guilty of first-degree murder and first-degree attempted murder. A Hennepin County jury convicted a woman of murder for her role in a 2009 pawnshop robbery that left a customer dead. McDonald-Richards, 58, was found guilty of first-degree murder and first-degree attempted murder.More

Editorial: St. Lucie County, Fla., commissioners consider new regulations for buyers of gold and silver
Treasure Coast Palm Beach Post
The ads for buying gold and silver are about as ubiquitous as those for selling cars and medical miracles. And, there's little wonder why. With record prices in recent months for the precious metals, selling them can give a person a little extra money in difficult economic times. More

Despite opposition, new pawnshop approved in Chicago suburb
Des Plaines Patch
An Illinois pawnshop is going up despite the objections of residents and their representative on the Cook County Board of Commissioners, Elizabeth Gorman. The Maine Township residents got a lesson in the pitfalls of being in an unincorporated section of the county during the commission when the store was granted a special-use permit despite their opposition, which they have been expressing for months.More