When asked how one becomes a pawnbroker, my answer is that it is necessary that one be unfit for gainful employement. Pawnbroking is a simple enough business, someone brings an item of value to you, you then determine how much cash you are willing to loan, using that item as collateral. A contract is signed, stating the amount the customer must pay back to you in order to redeem his or her property. In Arizona, that amount is defined by law. In the event that the customer does not come back within the time agreed to and redeem the property, the pawnbroker then becomes the owner of the property. In Arizona, the pawn period is 90 days, while in some states it is as short as 30 days. The pawn business does require that you become quite familiar with the values of a variety of items because we never know what will be brought in for pawn.

The single great benefit of doing business with a pawnshop is that it is a great source of quick, ready cash, and even though the interest charged is higher than most other lending institutions, the paperwork is very minimal, and the terms fair and easily understood. Further, should you fail to pay in the alloted time, you can feel reasonably sure that a hired goon will not come by to collect and break your leg!!


While most pawnshops deal with a large volume of gold jewelery, musical instruments, and firearms, my business, which is located close to the Navajo reservation in Arizona deals mostly with Navajo jewelry, baskets, blankets, buckskins, and saddles. I therefore have at most any time a great bargain on any of these items which have "gone dead", (a term meaning that the property has not been redeemed, and ownership has reverted to myself). While it is not my intent to advertise on this page, you may feel free to inquire with your wants.