Keelan Rice Pawning is where you take out a loan at a pawn shop using an item which is worth more than the money to be loaned as collateral, if the person doesn’t pay the money back they will sell the collateral to make the money back.
What I don't get with the last clip, why would he pawn it instead of getting a loan at the bank? He has collateral in the worst case scenario but if he can't get the money together in 4 months he loses a truck that's worth 3 times the pawn sum. With a bank loan he doesn't.
JSmellerM He probably doesn’t have enough credit with the bank to get that kind of unsecured/secured loan. Also, apparently financial institutions don’t like it when you pay back the loan really quickly because they don’t make as much that way. The pawn shop pretty much makes there money no matter what because they charge their loan(pawn) fee, or they’ve got your collateral which is worth far more.
Pat just a little fun fact, interest is actually not allowed in Islam because it’s a way for the rich to become richer and the poor to become poorer. I’m sure most of u probably don’t care but I’d thought I’d let u know
Op Po in the long version he offers 10k and the guys says that the bike is worth 35k and he was only asking 20k so that's why he says I'll meet you at the middle 15k
Having read Rick's book, most of the shop's business is actually people pawning items, not outright selling them. The thing is, people who have to pawn an item generally don't want to appear on the TV show.
Gotta respect the guy pawning his bike for payroll. His business may be doing terrible but he’s doing what he has to make payroll and do right by his employees. His priorities are right.
Rick buying a house: Real Estate Agent: The house is 400k Rick: How about $1? I have to clean and polish the home, even at $1 I’m taking a big risk here.
Customer: I have Hitler's missing ball in a pickle jar. Historians say it priceless. Rick: i will give you a lollipop and its me who is being the sucker on this deal.
Customer: I have here the only existing glass eye of Peter Falk Rick: best I can do is slap you in your face and sleep with your sister Customer: it's a done deal
Customer: I have the meaning of life written on this here piece of paper. No one else knows except me. I am not joking Rick: Best I can do is give you this bread crumb and random cigarette I found on the floor, im taking a big risk here
*has the Ark of The Covenant* Rick: how about $0.50? I mean I was thinking a little more than that. Rick: the highest I can go is $0.51 but I’m making a risk here
You see the problem is, this is just one sandal. It's not a complete set. Without knowing where the other sandal is and what it's condition is, it's hard to put a price on it. How much you want for it? *30 pieces of silver* 2 pieces of silver, that's the best I can do.
For those of you who don’t know the definition of pawn: To pawn something is to use it as collateral when you're borrowing money. When you pawn a necklace at a pawn shop, you get cash in exchange for it with the understanding that you can buy it back later.
I love that pickups and big trucks are built so well, because it's the one vehicle they can't get away with building crappy. People use them for contract work and stuff.
I mean, he was pawning, so Rick knew he was gonna either A) pay him back and he makes money, or B) he defaults on it, and Rick sells them for at least a small profit.
It's pawning. It's basically just borrowing money. Really comes down to how likely you think your customer will actually come back. Like that guy pawning his truck. Theyre not selling it so it's different.
Tbf theyre more likely to agree when youre pawning cause they're usually pretty sure youll come back and repay with interest. You have to sign contracts and everything. It's much different than just selling an item. Like the motorcycle? If they wanted to buy it, they would do it at 10-12k max. On pawn tho, he's like k 15k then whatever.
I read up a bit on the show, and while there were some actors, most of the people were actual ordinary people trying to sell items. But instead of just walking in like they do in the show, they'd talk to the producers about what they had, and then the producers would decide if it's what was gonna be sold. And while certain elements of the show are 100% scripted, most of the conversations between the patrons and the staff were somewhat (they usually met each other and probably had an idea of how the deal was gonna go before they started) "real". If someone knows of a source saying I'm completely wrong I'd actually be interested in reading.
@@NathanRW I've heard that sometimes they would buy the item a few years before the show started and since it was interesting they wanted to put it on the show they couldn't convince the owner to recreate the experience for the cameras so they just "sold" it to a actor and then proceeded to buy it back of them
@@Dawnyy You mean when she had this gems and gold that where real? I think those are the moments that make me "believe" in the experts. They sometimes rule for the client.
@@xXkirkhammetXx I honestly don't remember what video it was but just remember that rick offered 500 more or to be fair, but yeah those experts actually have their own stores and websites so I never doubted they were real experts
@@Dawnyy This gal brought an antiquity, she was asking for like 3k. And the expert said it was worth like 20k and rick gave her like 12-15k I don't remember but I didn't know they had their stores. Cool fact.
@@xXkirkhammetXx yeah, the one I'm talking about was one of a coin, rick already knew the value of it, there was no expert, I just can't seem to find it
The infobox stated that a Megalodon tooth went for 1k and there are a lot more teeth in the box than that. So he will make a profit if the guy doesn't pick the stuff up.
This is cut down to be a clip on RUclips, the long version has them discussing the resale value of the bike which is over $30,000. He is looking for a loan not to sell.
The trucker is a smart guy. He was goin on a vacation and needed a place to park his truck. Pawning the truck cost him less than a usual truck parking and his truck would be taken care of.
to all the simpletons confused on what pawning is it’s basically exactly the same thing as making a collateral loan with a bank. you come the to lender with an item of value they’ll let you borrow an amount while they hold the item. once you pay the lender back the money plus interest then you may have the item back
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Litterally has to explain what pawning is since no one ever does it on the show
Andrew K Lmao ikr I legit thoughts pawning was selling until this
From my little knowledge I think it is like taking a loan out and pay interest.
Keelan Rice Pawning is where you take out a loan at a pawn shop using an item which is worth more than the money to be loaned as collateral, if the person doesn’t pay the money back they will sell the collateral to make the money back.
What I don't get with the last clip, why would he pawn it instead of getting a loan at the bank? He has collateral in the worst case scenario but if he can't get the money together in 4 months he loses a truck that's worth 3 times the pawn sum. With a bank loan he doesn't.
JSmellerM He probably doesn’t have enough credit with the bank to get that kind of unsecured/secured loan. Also, apparently financial institutions don’t like it when you pay back the loan really quickly because they don’t make as much that way. The pawn shop pretty much makes there money no matter what because they charge their loan(pawn) fee, or they’ve got your collateral which is worth far more.
I'll give you nothing and i'm taking a risk.
@Andrei r/woosh
Nothing is too low, I’d offer you 3 pesos, 3 pennies, and a pat on the back
You can give me money and I am taking a huge risk.
New User r/wooooshwith4o’s
😆😆😆😆😆😂😂😂😂😂💗💗💗💗
A guy who is taking out a loan to pay his employees earns my utmost respect
Not all heroes wear capes
he has to otherwise he has to sell the house,
Expert: its worth 5 million
Rick: i can give you 5$ am taking a huge risk here. I'll throw in a handshake if that helps you
Literally never happened in Pawn Stars like ever.
Psychol its a joke
r/whooosh
@@BITCOIlN oooh someone's salty because they didn't get the joke
@@namaske2594 no he's salty because some idiot misspelled that subreddit, seemingly as always
Slot machine guy
: Goes into store expecting to walk out with $3000
: Ends up walking out with $500 of debt
@@feast__ when has debt not been associated with interest? Seems redundant to say "plus interest" if the word "debt" essentially includes interest.
You must try to to Rick bro😉we everyones knows it. When he said $200, rick will say ok and goodbye.
It's big brain time!
Pat just a little fun fact, interest is actually not allowed in Islam because it’s a way for the rich to become richer and the poor to become poorer. I’m sure most of u probably don’t care but I’d thought I’d let u know
@@RoyalRahim No, none of us care. Get out of here.
That guy with the bike struggling for payroll goodluck dude lol
@@aaronuw sacrifice.
@@aaronuw You're welcome.
Isn't he Davy Deals? He's been on the show a few times selling things
They are in Vegas lol
The poor employees
goes from 8 to 15 lmao what
Op Po in the long version he offers 10k and the guys says that the bike is worth 35k and he was only asking 20k so that's why he says I'll meet you at the middle 15k
I'mma thinking he would say 11k lol but whoa there buddy I think your numbers are a lil off.
nah the truth is interest on the 15k is more
So with pedophiles lol
Hi
Having read Rick's book, most of the shop's business is actually people pawning items, not outright selling them. The thing is, people who have to pawn an item generally don't want to appear on the TV show.
Yea it's a little sad hearing how put out they are for a simple $500. I can see how that would bring the tone of the show down considerably.
Rip old man
No
Phillip Lindsay yes he died. Rest In Peace
Did he really die?
Danyal Nasir Yeah. A while ago
Danyal Nasir June 25 last year somewhere in Nevada
Gotta say, the guy with the bike trying to make payroll for his workers is pretty awesome for doing that.
Yeah I got the DNA from Hitler
Pawn Shop: in can give u a hug and a pen
gawd
Actually it is going to cost money to see if it is really hitlers dna best i can do is a handshake
Huh, go figure I gave the 666th like
Gert! Big risk
A dude going thru a lot rn could use a hug
imagine being a trucker, going to the gas station to get a coffee, and when you come out you see Rick Harrison in your truck trying to steal it.
Drastic hahahahahaha that’s a big risk for his record
Rick is taking a big risk here
@@funnygirafe4817 Rick better prey he doesn't make it back, I see huge profit on sale of that rig
Gotta respect the guy pawning his bike for payroll. His business may be doing terrible but he’s doing what he has to make payroll and do right by his employees. His priorities are right.
What is pawning? Here watch this
0:38
Like chess 😉
Thanks
Thanks
@@MrE_ Thanks
imagine time stamping something in the first minute of the vid
Guy: comes in with the cure for cancer
Rick: I’ll give you one toenail, and honestly, I’m taking a BIG risk here.
He really is though because how does he know it's an effective cure and ik it's a joke but still
Derpy Dumpling I know you know it's a joke but come on r/wooosh
@@abelinc9898 lol
Rick buying a house:
Real Estate Agent: The house is 400k
Rick: How about $1?
I have to clean and polish the home,
even at $1 I’m taking a big risk here.
And frame it.
Real estate agent : how bout we have a expert come in?
Literally never happened in Pawn Stars like ever.
Psychol So, how big of a feminazi are you?
@Todd Howard fallout 76 suks
I like that trucker dude for some reason. He seems like a really good guy.
He murdered his family.
@@anthonya2479 bro 😂
Customer: I have Hitler's missing ball in a pickle jar. Historians say it priceless.
Rick: i will give you a lollipop and its me who is being the sucker on this deal.
Customer: I have here the only existing glass eye of Peter Falk
Rick: best I can do is slap you in your face and sleep with your sister
Customer: it's a done deal
Customer: I have the meaning of life written on this here piece of paper. No one else knows except me. I am not joking
Rick: Best I can do is give you this bread crumb and random cigarette I found on the floor, im taking a big risk here
3:27
Wow, first time ever that Rick doesn’t negociate and accepts the inicial offer.
The dude was pawning, not selling.
Is it just me or does that massive big rig look like serious fun? I have always wanted to drive one.
The shark teeth is the first Time I’ve seen a deal go through without price changed
Probably because each is worth about 500-1000 and he wanted 1k for all of them
Andrew’s Closet The guy got screwed.
*has the Ark of The Covenant*
Rick: how about $0.50?
I mean I was thinking a little more than that.
Rick: the highest I can go is $0.51 but I’m making a risk here
Person: Here I have George Washington’s skull
Rick: I can do $35 it’s a hard market I’m taking a risk
Customer: I have one of Jesus’ sandals, what can ya do?
Pawn shop: Yeah I can go 5 cents and some pocket lint, and I’m going out on a limb there.
this got me cracking up at a barber shop 😂😂😂😂
That would be so epic to actually have something that belonged to Him.
You see the problem is, this is just one sandal. It's not a complete set. Without knowing where the other sandal is and what it's condition is, it's hard to put a price on it. How much you want for it?
*30 pieces of silver*
2 pieces of silver, that's the best I can do.
I need to call an expert on Jesus. I’ll call God himself.
Pawning is just the adult version of giving the teacher your shoe when you borrow a pencil
How is Rick laughing at 2:43 when he clearly ain't moving his mouth lol
Duuuude... Nice find, I'll probably think about this randomly in the future.
Also, I think the other laughs after that we're fake as well.
It's not him it's chum and the seller
Battle Mations chums mouth isn’t moving either
For those of you who don’t know the definition of pawn:
To pawn something is to use it as collateral when you're borrowing money. When you pawn a necklace at a pawn shop, you get cash in exchange for it with the understanding that you can buy it back later.
I love when rick just get straight to the point
Fair Appraisal Value: $55,000
Pawn Value: "Best I can do ya is $5,00. And I'm really being generous here".
Lemmy K. Is God I’m risking my balls here
Lemmy K. Is God 5,00? Is that supposed to be 500 or 5,000
Lemmy K. Is God this isn’t a charity gotta make a living
@@willm678 5 dollar
Motorhead 🎸
@2:44 Rick laughs but has a straight face lmao
Guy: I was wanting to pawn these shark teeth for $1,000.
Rick: Sure, I'll do that.
Guy: Wait, I wasn't expecting to get this far...
lol i thought the same
1:50
I bet the coins in that thing are more valuable than the slot machine
I love that pickups and big trucks are built so well, because it's the one vehicle they can't get away with building crappy. People use them for contract work and stuff.
2:34 .. The least stressful clip ive seen of this show lmao. Brought them in, set the price and rick closed it right away. Thats rare.
I mean, he was pawning, so Rick knew he was gonna either A) pay him back and he makes money, or B) he defaults on it, and Rick sells them for at least a small profit.
Seller : I got holy grail .
Rick : Let my friend Jesus Christ take a look at it . He is an expert on that .
3:26
Rick just agreed?
It's pawning. It's basically just borrowing money. Really comes down to how likely you think your customer will actually come back.
Like that guy pawning his truck. Theyre not selling it so it's different.
Tbf theyre more likely to agree when youre pawning cause they're usually pretty sure youll come back and repay with interest. You have to sign contracts and everything. It's much different than just selling an item.
Like the motorcycle? If they wanted to buy it, they would do it at 10-12k max. On pawn tho, he's like k 15k then whatever.
Avengers:
Rick: Whatever it takes... I’m taking a risk
4 times actors were paid to pretend they were pawning an item.
Facts haha
I read up a bit on the show, and while there were some actors, most of the people were actual ordinary people trying to sell items. But instead of just walking in like they do in the show, they'd talk to the producers about what they had, and then the producers would decide if it's what was gonna be sold. And while certain elements of the show are 100% scripted, most of the conversations between the patrons and the staff were somewhat (they usually met each other and probably had an idea of how the deal was gonna go before they started) "real". If someone knows of a source saying I'm completely wrong I'd actually be interested in reading.
If they never pawned on the show History channel would collapse
@@NathanRW I've heard that sometimes they would buy the item a few years before the show started and since it was interesting they wanted to put it on the show they couldn't convince the owner to recreate the experience for the cameras so they just "sold" it to a actor and then proceeded to buy it back of them
SceneTurkey exactly
Guy I have the Holy Grail itself and it has been certified to be the real thing
Rick: I’ll give you 50 cents for and I’m taking a risk here
3:26 actual most rare moment in this show
The most rare us when rick offered to give a woman more than what she was asking
@@Dawnyy You mean when she had this gems and gold that where real? I think those are the moments that make me "believe" in the experts. They sometimes rule for the client.
@@xXkirkhammetXx I honestly don't remember what video it was but just remember that rick offered 500 more or to be fair, but yeah those experts actually have their own stores and websites so I never doubted they were real experts
@@Dawnyy This gal brought an antiquity, she was asking for like 3k. And the expert said it was worth like 20k and rick gave her like 12-15k I don't remember but I didn't know they had their stores. Cool fact.
@@xXkirkhammetXx yeah, the one I'm talking about was one of a coin, rick already knew the value of it, there was no expert, I just can't seem to find it
Woah wait... Did Rick actually accept a suggested price without negotiation? 3:30 (roughly)
Since he’s pawning them and not selling them, rick makes more the higher the price because of more interest
The infobox stated that a Megalodon tooth went for 1k and there are a lot more teeth in the box than that. So he will make a profit if the guy doesn't pick the stuff up.
3:44 pretty chill guy
Literally felt satisfied when the guy had no problem pawning them teeth
That probably means he undersold them.
Seeing this today in 2019 with the old man it makes me sad. Miss the old man US Navy
Nobody:
Rick: I’ll give you nothing and I’m taking a risk here
thief
Normie
Owner: "I wanna sell this very first edition Risk board game".
Rick: "I'll give you Monopoly money and I'm taking a risk here".
Owner: 👍
Hand me a Dozen Beers I see what you did there.
The shark teeth is the most genuine transaction ever from this show
why is it so satisfying when transactions go so smooth 😂
4:46 I never wanna hear rick refer to himself as big daddy ever again.
This is the holy grail of Pawning videos.
Those are like the Holy Grail of Pawn Stars's episodes
1:59 is through to when rick laughs is the best
Those choppers have died out,like high button shoes!!
2:41 that cut in laugh
Fake laugh
Finally rick agrees with the offer that the seller gives him
That’s the best pawn show I have seen in RUclips all the rest rip people off! This time they actually help people
Guy: *has a fossil from a billion years ago*
Them: “I can give you 0.3$ but I’m taking a risk”
he went from 8 k to 15k that is how you know they are scamers
it was written in the script that way
This is cut down to be a clip on RUclips, the long version has them discussing the resale value of the bike which is over $30,000. He is looking for a loan not to sell.
Me: Can I have change for a dollar?
Rick: best I can do is .40 cents, and I'm taking a risk.
The first guy is "Davey Deals" from counting cars lmao😂
He's appeared on both shows he's a mutual friend...
Pawning is win/win for Rick
The dude pawning the teeth for a grand managed to get an agreement for the original asking price. I didn’t know that was possible.
the first ever offer with Rick just agreeing!
Doctor : you have 2 years to live
Rick: best I can do is two days
20,000$
Best i can do is 0.99 cents.
And im being genorous its a bug risk for me
Alright 2.50 its a deal
@@jdydhbdgjxjdbzidbdv7206 i cant do 2.50 2.49 and its a huge risk
$20,000*
@@brennerhall4106 im going to have to call in a buddy of mine
why was this so aesthetically pleasing to watch
Comes in with George Washington’s Skelton
Rick: I’ll do 10 bucks and not a penny more
*Customer:* I want $10,000 for it
*Rick:* I can only give you $2, I gotta make a profit
I'd like an episode on people picking up their pawns.
Ricks Wife:Gimme all 2 inches 👅
Rick:the best I can do is 1 inch and I’m taking a huge risk here.
Mateo’s Fye Vlogs underrated 😴😂😂😂😂
the time i actually saw rick chill with the asking price of pawning.
That shark teeth was the most satisfying deal ever
Me: I have an actual dinosaur skeleton that is the size of the Vatican City
Rick: pay me $4 and that is the biggest risk I will take
Toy Expert : This toy is worth 10,000$
Rick : I’ll give you 1,500$
Me:I have the cure for cancer
Rick:I can give you 17.50
Rick is somewhat nice when someone pawns something
All my life ive been looking for this.
Bisayawaa!
2:43 rick and chumlee laughed without moving there mouths lol
Iove how you hear Rick laughing at beginning of the shark teeth one and his mouth isn't open 😂 😂
Random person: hey Rick, I wanna give you 1000 dollars for no reason.
Rick: I'm taking a big risk here
Price man wants: 20,000.
Pawn shop guy: I’ll meet you in the middle at 15
I’m sorry, what middle is that?
Dude got free service done on his truck.
0:24 You're coming to the WHAT shop
"I need to make payroll." He says it over and over lol, I don't think he's making payroll lel
If I can guess it's Vegas, pawning your chopper.. gambling, hookers and cocaine
Miss the old man being grumpy lol, he was so cool. RIP sir.
First guy is their friend LOL 😂
I sell my kidney for $1,000,000,000
Him: the best I can do is $600. I’m taking a big rosk
Corey's negotiating on the Motorcycle was horrible lol
meaning of pawn: get money buy giving your item, get your item back by paying back the money + interest and get your item back
When he closes the trucks hood it sounds like that one sound affect from vine everyone used
God : You have 60 years of life expectancy
Rick : No 40 , I am taking a risk here
God : 45
Rick : Deal
Satan : Sweet
The trucker is a smart guy. He was goin on a vacation and needed a place to park his truck. Pawning the truck cost him less than a usual truck parking and his truck would be taken care of.
As long as chumlee is on the show, I'll subscribe and see the show. Chumlee make my day
to all the simpletons confused on what pawning is it’s basically exactly the same thing as making a collateral loan with a bank. you come the to lender with an item of value they’ll let you borrow an amount while they hold the item. once you pay the lender back the money plus interest then you may have the item back
R.I.P. Old man
Really beautiful truck!
Great supercut!
Still can't believe the old man is gone
The missing teeth was the funny one hahahaha
For people who didn’t understand what pawning was it’s basically a loan but you use a item that costs more then the “loan” for trust