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Anyone else catch pawn stars tonight and see the Colt they paid $27,500.00 for? Very nice!
1876 Colt SAA On Pawn Stars
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Yeah, just watched it here in Las Vegas. Wow!
Evil Dog
US Veteran
My understanding is that pawn shops typically will pay no more than 1/3 what they think the value is of any particular item. Uh, I think they overpaid a bit on this one.
OP
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Yea I believe the appraiser said potentially 35 K on it so yea probably a bit high but they seem to pay top dollar for stuff occasionally.
Ivan the Butcher
Member
I was doing an OGCA show in 1993 or so, a dealer at the table next to me paid $25,000 for a first year production SSA. It was 100% condition nickel, and factory engraved and best of all in 45 Colt! I watched him turn down $40,000 minutes after he bought it, and again turn down $45,000 before the end of the day. I ask him why not take the quick profit and buy something else. He said he was sure he had a buyer at the Las Vegas show for $55,000, plus "You need something on the table to draw them in!" He had well over $300,000 of inventory in 5 Brief case size cases, and in the one Saturday I was by him he sold $40,000-$50,000, so I assumed he knew what he was talking about. Not counting the Colt, he bought around $60,000. He only dealt in hand guns on the road. I was selling (junk at the time) SKS's, M-1 Carbines & SMLE's and oddball strip clips. A good show for me was $800, so I was amazed!
Ivan
Ivan
I have only watched Pawn Stars a very few times. It seemed so
obviously scripted that I couldn't see how anyone could take the show
and the transactions seriously.
obviously scripted that I couldn't see how anyone could take the show
and the transactions seriously.
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Take ANYTHING you hear & see on Porn Stars with a very large grain of salt! While the show IS entertaining is leaves a lot to be desired in the "truth" department and is set up by the Producers for general audiences viewing pleasure.
UncleEd
Member
The "alert" I heard regarding this SAA was the seller said he was a bails bondsman and had taken it in as collateral.
Then the appraiser says it's an iconic piece and made reference, maybe, to Wilson's "Colt, An American Legend" book.
The gun in question seems to be one shown on Page 177 at about 7 o'clock in a "wheel" of SAAs.
And Rick never questions the actual source of the gun, the guy who put it up for bail.
Did this gun have some connection to Wilson who had some legal troubles?
Then the appraiser says it's an iconic piece and made reference, maybe, to Wilson's "Colt, An American Legend" book.
The gun in question seems to be one shown on Page 177 at about 7 o'clock in a "wheel" of SAAs.
And Rick never questions the actual source of the gun, the guy who put it up for bail.
Did this gun have some connection to Wilson who had some legal troubles?
Several years back, a long time highly respected collector/ dealer, member of this forum stated that most of the firearms for sale on Pawn Stars, were from Rick’s personal collection. The sellers were paid shills. Who Knows.
Pawn Stars is entertainment only. I watch it only to see the unusual things that get brought in.
gregintenn
Member
Is Chumlee still in the pokey?
UncleEd
Member
I see the possibility of this or something akin. The show is a way of advertising and getting the ball rolling on some items.
In the past, the "stars" travelled to see a guy with authentic 19th Century guns such as a Gatling or an 1890 breech loading cannon.
The guy's prices were "too high" for Rick but of course the purpose was to air this guy's wares to possibly peak a sale to someone somewhere in the world.
Jack Flash
Member
I feel sorry for anyone who takes these "reality" shows seriously.
I lived in Detroit for many years so I get a kick out of "Hardcore Pawn". I understand it is very popular in other countries as well. But it is entertainment only.
I lived in Detroit for many years so I get a kick out of "Hardcore Pawn". I understand it is very popular in other countries as well. But it is entertainment only.
italiansport
Member
I can't attest to the accuracy of this above statement but I know two of the appraisers on Pawn Stars. They told me that most of the items are privately owned and an arrangement is made in advance with the current owner if a sale is reached. The "appraisers" have as much time as necessary to research the item before appearing on the show.
And BTW: They still get things wrong! Anyone remember the appraiser who claimed a 1st generation Colt SAA wasn't right because the numbers on the loading gate didn't match the other numbers on the gun?
Jim
the ringo kid
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It USED to be a good learning tool--not its just full of tools.
THE PILGRIM
Member
The last time I was in Vegas, I drove by there.
It was about 10AM and there were probably a 100 folks standing in line to get into the Pawn Shop!
I would have gone in and looked around, but I'm not standing in line to go into a pawn shop.
The Harrison's get paid to advertise their business on national TV.
That will probably result in all of them becoming multi- millionaires .
It was about 10AM and there were probably a 100 folks standing in line to get into the Pawn Shop!
I would have gone in and looked around, but I'm not standing in line to go into a pawn shop.
The Harrison's get paid to advertise their business on national TV.
That will probably result in all of them becoming multi- millionaires .
I don't get it when folks walk in and want to sell
something for less than half it's value.
They need money that bad and that quickly that
you would practically give it away?
The guys working there bad mouth just about everything brought in
to the store.
Licensed con men is all they are.
Chuck
something for less than half it's value.
They need money that bad and that quickly that
you would practically give it away?
The guys working there bad mouth just about everything brought in
to the store.
Licensed con men is all they are.
Chuck
DWalt
Member
"Then the appraiser says it's an iconic piece and made reference, maybe, to Wilson's "Colt, An American Legend" book."
That appraiser is the guy who runs International Military Antiques in New Jersey, Alex Cranmer. Used to have the "Family Guns" series om NGS.
That appraiser is the guy who runs International Military Antiques in New Jersey, Alex Cranmer. Used to have the "Family Guns" series om NGS.
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