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“Dead Pawn” – How it Works

Posted on March 27, 2012 by Jason There have been 0 comments

In Gallup, New Mexico things are done a little differently than, well say Las Vegas where “Pawn Stars” is filmed. When our customers come into the shop it is never a question of, “what would you like to do, pawn it or sell it”. Here we are always pawning and keeping many very valuable pieces of Native American art secure in our oversized “safety deposit boxes”. Over 90% of our customers return for their pawn items.


Many places will hold pawn items for the minimum amount of time required by the State of New Mexico. However, we hold items for over a year, and many times much longer than that. Perry Null Trading Company is in the “pawn” business, not the “selling” business. That loyalty keeps our customers returning and recommending us to their circle of family and friends.


Eventually, if the pawn item has not been paid for we put the item out for sale, as “dead” pawn. Often it is dead pawn jewelry that attracts many of the buying customers to our Trading Post. These are the items that the locals here in the Gallup, New Mexico area wear. The pictures show the dead pawn pricing process.


This post was posted in Collecting Art