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Upscale side of pawn industry

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    Curator of high-end pawn shop wants to shed new light on industry

  • Duration 4:42
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Welcome back the world a pawn is gaining new attention with reality shows popping up to showcase the booming business but our next guest is taking -- experience -- Whole new.

High end level you're.

And as a curator for the beauty and Essex pawn shop in New York City -- Kaminsky she has.

Ten pawnshops in New York City area -- to see Lauren I see a lot to say when I think of a pawn store owner.

I don't we don't.

I think it'll do remind you think -- -- -- you think of this these CD images there we're we're used to but you are collapsing up the concept in the joint.

Tell us about you want to change the image.

They feel that's actually where a lot of my frustration stems from when it first -- the industry.

Potting in general have a negative connotation and I'm not there to really.

Pair -- but beating -- six and -- -- mainstreaming educating the public do you think there's an enormous untapped opportunity in pawn -- stuff why.

I just think that a lot of high end clients -- there's a holding each that's really.

Not -- yet and at meeting at six they're really educating the customers that come and we're showcasing all the great jewelry that's -- sound and really telling them live -- -- -- that.

-- up opportunity for them.

That it's not just someone on the edge coming in and -- and I'll give you might watch and music and books and that's exactly -- you some tips for us this morning first your tips for.

What you should know when you come -- you're selling something.

Okay saved so much watch what are your tips but first it's very important for our but the concept that -- and believe -- they've been in business for a while they haven't just popped up.

Hop on the cash for gold -- Next to your homework before you even go -- -- exactly it's very important the next thing -- to specify whether here potting the items are flat out -- and it's you off an -- confuse what is the difference -- would go up punch up.

Provide collateral loans collateral laden is using items such as that lots.

As collateral -- borrow money.

-- In the -- to -- -- I say shut around me that's -- to one on -- right.

Right go to -- and definitely try to get the highest amount for airlines or whatever it is you're trying to bomb a.

There's a lot of tips for buying too we going to -- anything we're gonna sell stuff at a pawn shop but you can actually get a lot of great items at the pawnshop he so when you go in there what do you wanna know first when you're buying a night.

You always want to ask questions you definitely wanna know what -- the -- is running -- what parent company -- and -- there are.

And you awesome and I read the fine prints knowing whether it -- policy it is very important and you should always be getting a good deal went shopping at a pops up as.

And then be your return policy I wouldn't expect one definitely because upon -- guarantee I guarantee.

And that surprises me speaking about it actually you brought in some great items and had to show us what -- examples at the start with a Rolex watch.

And from 1983.

So this is -- and iron items that -- -- feeding that's extra strap.

And it's a vintage cadillacs from 1983 it's all eighteen -- all of -- And it has the diamond that's -- And you can get a great deal when you come in and you look at something like that typically you're looking to get.

50%.

Off they -- exactly guys or this retails for about -- that of them.

Did buys a lot of jewelry from life and maybe a pawn shop might be the way to go because like in 1950s bracelet might be on that match actually right over here this is so unique.

He cut it's usually -- and rose thought this -- and yellow dog and the capital's fifth.

That is.

And how do you get confirmation on the fact that that is from the 1950s.

-- guarantee authenticity.

We have specialists on hand it's often just researched that you know from being in the business for so long and -- and on that let's -- these items all the time and it popped up something -- cohost -- might enjoys its Amazon and -- -- -- -- -- -- -- -- -- -- -- This is actually -- true pot -- signs to -- and cents and diamonds and fourteen karat gold and that's how Huntsman says.

Seventy dollars.

I would think it's real I don't think I would go in and pay.

Thousand dollars at a jewelry store -- -- wouldn't let -- -- is only 250 out I wasn't that far off that she got a skeleton.

-- that's incredible one more item quickly.

Crystal necklace that while they crystal.

Necklace tell us about that yes and that's ever hear these are some of the modern items that evening I'm Chris Allen in at six.

So we had this Nat but it does on his horse he -- very hot and -- you right now along with this golf.

More information her website is being you why by the golden girl dot com Clayton got as I and the Star Trek -- behind me tell you.

Is that it war documents to thank you for being here -- thank -- -- information.

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