Can the buying of unexpired pawn tickets be a viable business ?..

[Fishypie]

Any brothers here with 1st hand experience or parallel advise ?..
Occasionally i do have friends offering their pawned tickets to me; trying to squeeze that extra ooze out of their tickets' value prior to it's the expiry date; short of borrowing direct $ from me.
How does one think from a business POV ?..:*:

 

[mojito]

If you can make money out of this, you should be a pawnbroker.

 

[RODYK]

can do bro.gold pawn ticket better

 

[Narong Wongwan]

Pawn ticket market price 10 percent of ticket value.
Want to do must have a keen eye....and know pawnshop business....

 

[Fishypie]

can do bro.gold pawn ticket better

Guessed the pawn brokers probably set max@ 80% of it's value.Say if someone offers you a ticket of $1k for sale; likely you can pay $100 bucks to him before you redeem it's full-face value ?..not sure though.

 

[RODYK]

Guessed the pawn brokers probably set max@ 80% of it's value.Say if someone offers you a ticket of $1k for sale; likely you can pay $100 bucks to him before you redeem it's full-face value ?..not sure though.

Example:
Pawn ticket of $6000 (item 999 goldbar @100gram)Interest 6mths X 1.5% ($540)Total payable to pawnshop $6540
Offer $160 to buy in ticket.Total money invest = $6700
Market price price of 999 gold per gram $75.
Total money gained from selling gold bar $7500.
$7500 -$6700=$800 nett profit.
I did this for a while as side line.Earn abit last 2 years but now very slow.

 

[Fishypie]

Example:
Pawn ticket of $6000 (item 999 goldbar @100gram)Interest 6mths X 1.5% ($540)Total payable to pawnshop $6540
Offer $160 to buy in ticket.Total money invest = $6700
Market price price of 999 gold per gram $75.
Total money gained from selling gold bar $7500.
$7500 -$6700=$800 nett profit.
I did this for a while as side line.Earn abit last 2 years but now very slow.

Wow..what a great insight bro.Thanks !

 

[RODYK]

Wow..what a great insight bro.Thanks !

you need to know exp date of ticket to earn more n to calculate the interest.you dont to know a pawnshop to do.
Need to monitor daily gold price only.999 916 850 750

 

[Fishypie]

you need to know exp date of ticket to earn more n to calculate the interest.you dont to know a pawnshop to do.
Need to monitor daily gold price only.999 916 850 750

Roger.Thanks very much bro..

 

[RODYK]

Roger.Thanks very much bro..

you going up my points now or later.

 

[Fishypie]

you going up my points now or later.

Of course now bro; but too bad i have given out some points too much earlier.:o
Let's say by tomorrow, okie ?..

 

[RODYK]

Of course now bro; but too bad i have given out some points too much earlier.:o
Let's say by tomorrow, okie ?..

okie sir

 

[Fishypie]

okie sir

Goonight bro.Logging off now..

 

[kopiuncle]

Goonight bro.Logging off now..

Good nite Bro...you take care okay....watch the BP, watch the diet, watch the lifestyle,cut down the stress...relax and be happy...laugh more and spread the love....good nite and sweet dreams.....

 

[GenghisKHAN]

Nite...I'm going back to my tent.

 

[Cestbon]

Now pawn shop also buying other pawn ticket.

 

[RODYK]

Now pawn shop also buying other pawn ticket.

pawn shop got sell big sweep ticket and parking coupon.