Pawn Shops Need Your Input to Help Protect Your Rights!

Help us protect your rights today!

Use this link to Protect Your Rights by sending a letter to your congressmen and the President of the United States.

Watch this quick video for further explanation:

As of October 3rd, 2016, the Department of Defense will require pawnshops to collect and retain your Social Security Number each and every time you wish to pawn an item.

Currently, we do NOT collect Social Security numbers because we believe you have the right to privacy!

Pawnbrokers are a non-recourse business which means we do not check your credit, we do not send you a bill, and picking up your item is your choice as the borrower. Unlike other lenders, pawnshops do not force you, the borrower, to repay the loan.

For these reasons, there is no logical justification for the DoD to know every time a pawn customer requests a non-recourse pawn loan.

Pawnshops have been exempt from the Military Lending Act, which has been in place since 2007, in part because we are a non-recourse lender unlike virtually all other lenders. We are asking to remain exempt as this will put undue stress on YOU, our borrowers!

Please help us protect YOUR rights by clicking below, inputting your zip code, virtually signing, and sending the letter to the President of the United States and your representatives in Congress:

Pawn Shop’s Own, Bryan Fitzgerald, Reads for Popular Book – Rabbit in Red by Joe Chianakas

We have been watching the story of this book unfold in our shop here at Capital Pawn. Several months ago, Bryan Fitzgerald, who is our manager and an incredibly talented pawn dude and who created the wildly popular Facebook page: Fitz of Horror, encouraged every team member in the shop to read Rabbit in Red by Joe Chianakas. We did, and we loved it.

More specifically, Bryan has this undeniably cool voice, and he decided to try out for the audio read of Chianakas’ book, and he was selected as THE voice for Rabbit in Red! Bryan is working hard to complete the book in a timely manner, and it has been a lot of fun to see him so excited about something he views as a hobby.

We will keep you posted on the sequels, as Rabbit in Red is the first in a trilogy, and the audio versions–we anticipate listening to the audio version sometime in mid-August!

To read more about Joe Chianakas: Author of Rabbit in Red Joe Chianakas

To like Bryan’s page, please connect here:  Fitz of Horror

Congratulations Bryan from the whole team at Capital Pawn and Capital Pawn North!

NPA w Bryan

Bryan spent a week with us at Pawn Expo in Vegas learning everything about the pawn industry!

Pawn Industry Nationally Recognizes Oregon Pawnbrokers

As we descended on Las Vegas for Pawn Expo 2016, we didn’t expect such a wonderful reception for Oregon Pawnbrokers.

Josh Oller who owns Silver Lining Jewelry and Loan in Portland was honored to accept on behalf of his dad, Earl Oller, the Charles R. Jones Lifetime Achievement Award. Earl started the Oregon Pawnbroker’s Association, has been on the NPA Board, and has been a friend and mentor to many young pawnbrokers. He has left a legacy of honesty and integrity and will be greatly missed. Congratulations to Earl Oller, NPA’s 2016 Charles R. Jones Lifetime Achievement Award recipient, the highest national honor awarded to pawnbrokers.

The photo above shows Josh Oller, President of OPA and owner of Silver Lining Jewelry and Loan and son of Earl Oller, accepting the Charles R. Jones Lifetime Achievement Award in his father’s honor. The award was presented by NPA President, Larry Nuckols of Brittex Financial in Texas.

Read more here: Pawn Shop Owner Earl Oller

Additionally, Capital Pawn’s own Maria Lucero was recognized for Outstanding Service to the Pawn Industry for doing the right thing, at the right time, for the right reasons. She caught the thief who had been working his way across the nation scamming pawn shop owners and employees.

Congratulations, Maria!


We are incredibly proud of Maria and were honored to accept the award on her behalf. Presented by Seth Gold of TV’s Hard Core Pawn and owner of American Jewelry and Loan in Detroit, the award means that NPA’s forum and Oregon Pawnbroker’s Association email blasts are working to impart critical information to the members of both NPA and OPA.

Thank you to both NPA and OPA members for being excellent, outstanding, and honest pawnbrokers who help other members across the state and country. Without you, the outcome may have been drastically different with negative repercussions.

Seth Gold presents owners of Capital Pawn, Adam and Beth Anundi, with the recognition plaque for Maria.

KPTV did a short news piece on our experience.

You may watch the video here: KPTV Pawn Shop Bait and Switch Subject Caught

An article in the Statesman Journal:Pawn Shop Catches Thief in Salem Oregon

 

Pawn Shop Has Great Personality!

Capital Pawn has some creative and fun individuals that will chat with you and ask you questions to help you find that perfect item!

Here is an example of some of our fun team members.

 

 

 

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Pawn Shop Visit Sparks Donation to Chachalu

 

We were pleasantly surprised to find this article regarding a sweet lady that stopped by Capital Pawn and worked with our expert, Dan. As a result, the artifacts are now where they belong. Please enjoy the article written by Brent Merrill, Smoke Signals Staff Writer.

 

Pawn Store Visit Sparks Donation

 

 

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The Ins and Outs of Capital Pawn

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Whether you have been in a pawnshop before or not, you may not fully know how things work, but Capital Pawn is here to help you and give you a little insight. The ins and outs if you must.

Pawning your item
     How it works:

  • Pawnshops offer collateral based loans. You bring in an item and our expert pawnbrokers will evaluate the item and determine how much it is worth.
  • They will then offer you an amount for this said item, if you agree to it, you are then given a pawn slip with the details of your loan. This is a 60 day loan.
    • DO NOT LOSE YOUR SLIP! Not only does your slip contain the details of your pawned items, it also has your personal information, and is a $3 charge if lost.
    • By Oregon law, whomever holds the pawn ticket may retrieve your items from the pawnshop (the only exception being firearms).
  • Once the pawn has been repaid, your items will be returned to you. If you don’t repay the pawn, your items are forfeited and the pawnshop keeps them.
    • You can continue to bring back that same item for pawns as often as you would like and since it has been in the shop before, we will not have to research the item to determine a loan amount.
  • We love to loan on items of value, so here at Capital Pawn, just as there is no limit to how many times you may get money for one item, there is also no limit to the number of items you can have on pawn (loan) at any one time.

Buying your items
How it works:

  • Similar to a pawn, the item you bring in will be evaluated, researched, and given a value.
  • Buying your item versus pawning it may earn you more money due to the different time periods and the ever changing market.
    • Anything that is bought has to have a mandatory 2 week hold before being priced and put out for sale. The sooner it can be on the sales floor, the better.
      • Electronics and advancing technology makes older gadgets no longer desirable.

Below are examples of a fraction of what we purchase every day.

Pricing merchandise

How it works:

  • Once the item has finished its holding process, it is then “expired” and is ready to be added to inventory.
  • No matter what the item is, it needs to be re-tested (first time is during the evaluation process), cleaned, and researched to determine the best selling price for the same item in similar conditions.

Negotiations and Sales

  • We trade!
    • Example 1: If you have a handgun you don’t care for because it’s too big for your hand (or for whatever reason), bring it in unloaded and we will work to find a firearm that will work for you.
    • Example 2: If you have a 14k yellow gold ring with a 1/2 carat diamond and would like a bigger diamond in white gold, we will work to help you trade up to a larger diamond using your own ring as part of the trade in.
  • Cash talks! If you have a reasonable offer on something in our shop, we are willing to work a deal.
    • We are willing to negotiate prices with our customers, but understand we only have so much room to do so.
      • We cannot discount merchandise so much that we either lose money or break even.

Other options

IF for some reason we are not able to help you with your item, whether it’s too outdated or something we don’t have a market for, there are other options for you!

  • Sell your items on these sites:
    • Offer Up
    • Craigslist
    • Ebay
  • OR, we can give you a list of items that we do take that you may have laying around. The most popular are:
    • Gold jewelry
    • Firearms
    • Gaming consoles and games
    • Tools

We would love to help you out in any way that we can, call or stop in any time to let us!

How to Make Money Easily

One of the easiest ways to make money is to simply sell your item to us. Capital Pawn’s experts will take a look at what you bring in, assess the value, and offer you cash for your item on the spot — it takes less than five minutes!! See a list of items we buy at the end. A list of what to expect follows.

Here’s another fail-safe way to make money — shop online but go to ebates first: Ebates

 

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Any time you shop online, go to Ebates, search to see if your store is available, and then simply click, and buy. Every three months you’ll get a check (no joke!).

What does it mean to pawn something?
A ‘pawn’ is just another word for a collateral loan. Pawnbrokers lend you money for an item of value. These items can range from diamond jewelry, musical instruments, firearms, outdoor gear, video game consoles, and everything in between. Once the pawn is repaid, the item is returned to the customer.
How long do I have to pay back my loan?
Though many pawn shops may differ, here at Capital Pawn, our time period lasts for 60 days. If customers cannot redeem their item within the time period allotted, they may renew their loan for an additional 60 days!
How much should I expect for my item?
Every item is assessed accordingly. The current market value and condition are taken into account. It also depends on whether the item is going to be placed on loan or sold.
How do you determine the value of an item?
While shows like Pawn Stars or Hardcore Pawn may have experts in each and every field imaginable, we here at Capital Pawn ARE the experts! Our experts use various tools to help determine the value of the items up for sale or pawn. We have resources available online and invaluable resources in books regarding hallmarks and coins.
Do most customers lose their items?
NOPE! On average over 85% of people redeem their items. We don’t want you to lose your items, so what you see in our shop is mostly from us purchasing items straight from the public (hellooooo recycling!).
What happens if a customer is past due?
Usually they will lose their item, but that does not mean they can not get their belongings back. If their item has made it out onto the showroom floor, we can offer it back to them at a discounted price.
Are pawn rates/interests excessive?
No, they are highly regulated and differ depending on the amount loaned.
How can I be sure items at a pawn shop are not stolen?
Here in Oregon it is highly unlikely because we report to the police each evening at closing, and we collect serial numbers, model numbers, photos, and a detailed description of the item. Additionally, those pawning are photographed, video taped, and fingerprinted; they have to show valid photo ID that is scanned into our system.

What we most often buy: gold, silver, platinum (old, ugly, broken, or beautiful), diamonds (any size in a setting, 1/2 carat or larger if loose), firearms, high end purses (LV, Dooney & Bourke, Coach, Chanel, etc.), tools, gaming consoles and games, TVs, Apple products, collectible shoes, and more!