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Pawn Queens Got Pwned.

26 May

May 26, 2011

Ever see Pawn Queens? It is yet another variation on Pawn Stars. Technically it is a third-gen rip-off. The first rip-off was Hardcore Pawn, about a lowlife Detroit pawn shop. Next was Old Pawn, whose real name is, I think, What the Sell?, (but it doesn’t really matter since it looks like it was cancelled) which starred some grandmothers running a pawn shop. Now there is Pawn Queens, about a female-focused pawn shop. Yes, they cater to women, and in the episode I saw they proved it by buying a hairdryer.

Blond, cute and busty they may be but smart they are not. (But hey, if they have the first three the fourth isn’t so important if you are a TV executive. Or a regular guy either, right?)

A woman came in with a copy of Spider-Woman #1 she found in her attic. Asking price: $200.

One of the women said she had to buy it because “there aren’t a lot of female superheroes.”

The list of female superheroes on wikipedia runs twelve pages.

It includes some even the Pawn Queens may have heard of: Wonder Woman, Batgirl, Supergirl, She-Hulk, Invisible Woman, Storm of the X-Men, Black Canary, etc etc etc.

So I was curious how much they would pay. Comic books have an industry standard grading system and a universally accepted price guide. This should be a piece of cake. A couple of clicks on the computer should end this easily.

I did just that. There are hundreds of sites I could have used, from the Overstreet Price Guide site to eBay to see what similar copies sell for. I went to mycomicshop.com for no other reason than I have used them before. In less than 30 seconds this is what I found:

This is no $200 comic. Now remember, those are the prices it sells for, so to make a profit the pawn shop has to pay less than these amounts.

In near-mint 9.4 condition it sells for $22. The comic they were buying was good but not near-mint. In Very-fine 9.0 it drops to less than $10, and in the condition I think the issue was in, a very generous very-fine 8.0 it sells for $4.40. So in order to make money they have to buy it for about a buck and hope to make $3. Not a way to make it in the pawn business.

The pawn woman was impressed because the comic was a “first edition.” Comic books come into pawn shops constantly. Someone in the business should know the terminology. Yes, technically, that is a first edition, but no one would ever call it anything but a first issue. (An exception would be a prized Action Comics #1, for example.)

The guy who worked for her saw the 35 cent price tag and said (with some imagined authority) “that makes this from the 1980’s.” No. As you can see from the chart, it is from 1978. And an even easier way of knowing would have been to open to the front page and see the date printed on the bottom. Every comic has an indicia that includes the date of publication. Modern comics may have it on the last page but for decades it was on the first page and anyone in the pawn shop business should know where to find the date.

They offered the woman $5, already too much, she countered with $40, and they settled for $15. The comic is worth less than $5 so they just lost $10 on that transaction.

Any pawn shop that doesn’t know anything as simple as how to price a comic book deserves to go out of business.

But don’t feel bad, the pawn queen is sure she can sell it because “maybe we can put it in a frame.”

Yeah.

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10 Responses to “Pawn Queens Got Pwned.”

  1. Mac of BIOnighT May 26, 2011 at 12:33 am #

    There’s a second-hand stuff store in my town where they have just no idea whatsoever what the items they buy or sell are. They buy/sell junk for ridiculous prices (the opposite happens, too, but much more rarely). I once sold them a tray made of pretty horrible green glass, brand new (my mom never used it) in its box. It would have been obvious even to Stevie Wonder that it had come out of a factory only a couple of years before and sold for like 20 dollars max. The woman took it out of the box and examined it carefully, she was just in awe. “Wow, this is an original piece from the 60’s… how beautiful…”. I got 65 euros for it (about 91 dollars). Too bad they apply the same kinds of prices when selling, or it would be an awesome place to go to.

    Like

    • bmj2k May 26, 2011 at 12:48 am #

      In the era of the internet it is silly for a pawn shop to not know approximate values. And it would be a good thing for a seller to do some research before walking in. You may ask for $20 and the item you have may be worth $2,000. Don’t expect the pawn shop to give you more than you ask for. You ask for $20 and they’ll bargain you down to $10 for that $2,000 item. And always let THEM make the first offer!

      Like

  2. Thomas Stazyk May 26, 2011 at 9:16 pm #

    This is sort of like Antique Road Show in reverse!

    Speaking of female superheroes, don’t forget Queen Kong.

    Like

    • bmj2k May 26, 2011 at 9:31 pm #

      It’s like Pawn Stars minus the entertainment.

      Like

  3. gpawn September 30, 2011 at 1:28 pm #

    Dang! It’s cancelled already? I didn’t get a chance to witness another “Oh yeah, it’s really like this” pawn shop theater presentation.
    I work in the pawn business and while “Pawn Stars” is pretty okay entertainment, it’s VERY far from reality. I find “Hardcore Pawn” to be a major setback for those of us who work hard every day trying to improve the image of the pawn business…c’mon guys, it doesn’t have to be like that.
    The truth of the matter is that unless you’re a hedge fund manager, there’s probably going to be a time when you need some quick money to get the car fixed, take the dog to the vet or take the kid to the doc. A good, community focused pawn shop can help.
    Cheers,
    gpawn

    Like

    • bmj2k September 30, 2011 at 6:41 pm #

      Hardcore Pawn just makes me feel bad to be human sometimes.

      Like

  4. Colorado December 4, 2011 at 12:05 am #

    women are always complaining that men look at their breasts while talking to them ….but these women are counting on men looking at their breast to make their show popular….sorry to say ladies your breast size does not dictate your IQ….then we come to the question ARE THEY REAL and also women need to quit sticking their nose in mens games why cant women come up with their own ideas instead of always trying to steal mens ideas and success

    Like

  5. Nick December 4, 2011 at 11:40 am #

    Remarkable, sometimes I really feel we’re missing out on some of the finer American television. How dare you guys just export CSI and True Blood.

    Like

    • bmj2k December 4, 2011 at 12:02 pm #

      You guys started it with your Hellen Mirren and French and Saunders.

      Like

  6. em May 27, 2012 at 12:57 pm #

    I love the show and there not stupid

    Like

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