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Originally Posted by vintagetoppsguy
It's an interesting idea, but didn't PSA try this years ago?
For whatever reason, it didn't work for them.
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I guess I was wrong. Apparently it did work for them because, according to Bloomberg, they're still in business - Collectors Finance Corporation.
I think you guys have a lot of misconceptions about this service.
Quote:
Originally Posted by conor912
I'm seriously not sure what's sadder....the existence of such a service, the people who would use it, or the fact that they're being let to advertise on this board.
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According to Bloomberg, it's (Collectors Finance Corporation) used mostly by dealers looking to free up some cash, which makes sense if they have a lot of cash tied up in inventory and are looking to make a significant purchase.
Quote:
Originally Posted by Kevin.Shenker
How do validate the cards are not stolen? This seems like the perfect place to try and pawn a stolen card. Do you have something in place to flag people who have pawned x number of items and never came back for them, or to flag people that repeatedly pawn the same high dollar cards?
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You have to show valid id and I'm pretty sure that they report to local law enforcement. Therefore there would be a record of who pawned the item.