Ignorant pawn shops, good for us

Discussion in 'Mirrorless Cameras' started by TWX, Feb 21, 2020.

  1. TWX

    TWX No longer a newbie, moving up!

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    Yesterday on a lark I stopped by a pawn shop, of a chain that I've had decent luck with at other locations. They had a Canon EF-M 55-200mm f/4.5-6.3 lens for $65. Returned today with the M100, it works just fine, AF and IS are good. Thing is tiny.

    I suspect they either didn't know what it was, or they had no way to test it so they just gave very little for it and consequently marked it low. I was surprised, most of the time I've found pawn shops to be pretty savvy when it comes to figuring out market value for what they have, but camera equipment seems to be much less consistent.

    My wife's camera bag was looking kind of empty, with only the 14-45mm and the 22mm prime. It looks more right now.


     
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  2. Braineack

    Braineack Been spending a lot of time on here!

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    They probably looked it up thinking it was the cheap APS-C lens...
     
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  3. shadowlands

    shadowlands No longer a newbie, moving up!

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    Awesome! Great find!
     
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  4. TWX

    TWX No longer a newbie, moving up!

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    Possibly. Weird thing though, it was sitting between an EF 28-135mm IS and an actual EFS 55-250mm IS, so they had opportunity to compare if they'd so chosen.

    I didn't even look at the 55-250mm, since I have that range of focal lengths well covered. The 28-135mm was not expensive (don't remember how much exactly, but no more than a hundred bucks) but I don't have any full-frame Canons.

    The pawn shop I'd picked up my 50mm f/1.8 for $40 was another of this chain's locations. So I guess they sometimes just price 'em cheap.
     
  5. Soocom1

    Soocom1 Been spending a lot of time on here!

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    Some shops have people running it that are not high level college graduates.

    Unfortunately for us, the pawn shops are under huge scrutiny and the prices of some items are hiking upward.
    What could have fetched a great deal years ago at times are now obliterated by the internet. And if the person researching it has an IQ above a hamburger.
     
  6. RowdyRay

    RowdyRay Been spending a lot of time on here!

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    This is exactly why I cruise through local pawnshops on a regular basis. Once in a while they have no idea what they have and price it wrong. And if I've done business with them before I ask, "Is that the best price?". Doesn't hurt to ask. Sometimes I get an even better deal. Scoop it up and laugh all the way home.

    The key is knowing what something is worth and going from there. Great find!
     
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  7. crf8

    crf8 No longer a newbie, moving up!

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    Pawn shops make most of their money on the loans that they do. Items sold to them outright, or non redeemed are secondary.


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  8. Original katomi

    Original katomi TPF Supporters Supporting Member

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    I got the sigma 150 600 f 5.6 old style from one of those shops, the chap looked at it and decided that it was a piece of
    C##p I paid a small amount for it, nice lens
     
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  9. photoflyer

    photoflyer TPF Supporters Supporting Member

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    Fantastic. I got a Canon 30D at Goodwill for $50 which is really about market price but I could see that it may have never been used. The charger and two batteries were worth $20 alone and I already had a 50D on which I could use them.
     
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  10. Winona

    Winona No longer a newbie, moving up!

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    Ok, I need to start looking in these places.
     
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  11. photoflyer

    photoflyer TPF Supporters Supporting Member

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    Another place to "look" is family or friends that have gotten a DSLR or mirrorless for a life event like a child starting sports. Eventually they lose interest and are happy to unload the camera. I got my niece's T3i that way. She had gotten it for various school projects and then no longer needed it. I gave her a fair deal on it. For her it was found money.
     

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