10 Pawn Stars Deals That Went Horribly Wrong

[Music] I'd like to ask you to give this video a thumbs up if you're a fan of fall stars and subscribe to always be on top of our daily uploads also comment down below when you do so to enter our monthly shout outs and we'll try to reply and thank as many of you as we possibly can Pawn Stars one of the biggest reality TV series follows Rick Harrison and his family members as they run their Gold & Silver Pawn Shop on the Las Vegas Strip haggling their way through life as their lives revolve around estimating purchasing and selling rare historical items it would be right to consider them veterans of the business especially because the family is in it for almost 30 years also after 522 episodes over the last nine years it would also be easy to believe that the experienced guy from the pawn shop never make any errors or bad deals still not even the best our error free is not every deal is a good deal as success in business doesn't necessarily mean perfection from bad decisions in stolen items to blatant fakes here are 10 times the Pawn Stars were scammed badly in an episode aptly named chums risky business from season 15 a woman entered the pawn shop with boxes and boxes of old comic books she inherited from her uncle all the comic books she doesn't know anything about were handed down to her and she was looking to sell them certain there's something valuable in the pile judging by the prices on them Chumlee concluded they date from 70s or 80s the period also known as the Bronze Age of comics without asking for a second opinion Chumlee started haggling the woman's initial asking price was $2,000 but Chumlee immediately lowered it taken into account the time needed to go through all of them and find the diamond in the rough he offered her $50 per box which summed up to 350 dollars but they eventually struck a deal at 500 with Chum saying that life is about chances and sometimes he just got to take him unfortunately when an expert checked the comics out it turned out that this wasn't the right chance to take as he said that the comics would sell for about $200 if the Pawn Stars were lucky do you spend 500 bucks on some comic books I'll be lucky to get like a hundred eighty bucks out of and seven boxes of the recyclable paper back in season eight a studio musician called Vic flick came to the pawn stars to sell a 1961 Fender Stratocaster the guitar fascinated Rick from the get-go as he recalled his early childhood memories of watching legendary Jimi Hendrix playing the iconic guitar apparently the guitar model had some history since Leo fender the inventor came up with it in 1954 and it hasn't changed much throughout the years Rick decided to follow his hunch and bought the guitar for $55,000 however as Vic flick the owner of the guitar is not really a legendary musician most of the songs that had been recorded with this guitar were not exactly huge hits apart from the James Bond theme naturally the guitar just started collecting dust in the pawn shop with a price tag of $90,000 so Rick eventually decided to sell it on an auction much to his despair the guitar sold for merely twenty thousand dollars leaving him with a loss of 35 K despite making great efforts abide by state and local laws the Gold & Silver Pawn Shop staff has unknown to them occasionally taken in stolen property like every other pawn shop in season 7 episode called shekel and hide rag bought a 2000 year old Tyrian shekel a coin most historians believe was the mode of currency using the infamous transaction of the 30 pieces of Judas paid to Judas to betray Christ it's a shekel of Tyre like from the Bible um yeah we only buy American coins myth detective later came to the shop and informed them that the coin had been stolen not by the seller who was featured in the episode but by a previous owner of the coin nevertheless the Harrisons were allowed to keep it as the original owner had been compensated by his insurance policy but while they get lucky there it turned out that Rick had paid way too much for the coin despite its rarity a well preserved shekel of Tyre would usually only be worth around $1,200 and because it had been cleaned this one had lost a lot of value so most of the $1,600 that Rick had paid for the coin are probably lost forever in the season 6 episode say it ain't so Rick made another ill-fated gamble without consulting his expert buddies when a seller came into the shop carrying a book that had supposedly been signed by baseball legend Shoeless Joe Jackson since Joe Jackson's signatures one of the rarest wants to find throughout the appraisal it seems that Rick followed his heart rather than in his mind as he couldn't have been more excited because Jackson was illiterate his signatures one among the most Ford sports signatures in the world disregarding his own reservations kept seats as well as questionable certificate of authenticity Rick eventually shelled out $13,000 it was only after spending all that money that he decided to pay his book expert Rebecca a visit Rebecca informed him that the signature was most likely fake so Rick went for a second opinion from an Authenticator who backed Rebecca's claim saying that the signature is not only a fake but also ridiculously bad one which means it's fake great job son back in 2012 a man by the name of John brought what he claimed was an authentic San Francisco Giants uniform worn by the legendary baseball player Willie Mays in 1961 Corey who happened to be behind the counter made a deal with the man for $31,000 the uniform included all the key details the woolen final materials a Spalding label and the stitching of maces name as well as his uniform number and measurements however one thing about the uniform seemed off and even Chumlee noticed it it was in too good of a condition to be 50 years old and to have been worn by Willie Mays who was known for sliding in the dirt every now and then even though the seller didn't provide a certificate of authenticity Korie decided to go for it the Harrisons eventually failed to resell it with a price tag of $80,000 in their shop so it was auctioned off two years later for just about $19,000 as it turned out the uniform was not only an almost $12,000 lost and had never been worn by Mays during a Giants game it had never even been his uniform in the first place in Cory's big play from season five an elderly man came to the shop with a Wells Fargo strongbox from the 19th century the strongbox contained two antique prison ball and chain sets that he believed originated from notorious human Folsom presents Rick immediately noticed that the chains have been electrically welded which meant that their fake since the blacksmith's who forced the chains in the 19th century did not have electric welders the balls that the man brought were fake as well since they had names of the prisons on them which wasn't the practice back in the day the owner immediately got pretty defensive but despite this and his own obvious doubts about the items authenticity he decided to buy the box for four hundred and fifty bucks probably hoping to make at least some profit his plans came to a halt with the arrival of expert mark the beard of knowledge hall-patton who called the box a complete piece of fantasy and told Rick that it was one of the most faked items out there you would think that by the time season four was filmed the Harrisons would have learned that Chumlee should never under any circumstances be left alone and without supervision thank you even though more often than not he seems to be the scapegoat when something goes wrong at the shop it is mostly well deserved in one of the episodes from season four he was mining the shop all alone when a man walked into the shop carrying of vintage Gibson mandolin he picked up at a yard sale he was hoping to make some money off of it so he could take his family on a trip to Ireland with Rick and Corey out of reach it was up to champ to appraise the item encouraged by reg drooling over another mandolin they had in the shop earlier he decides to go above his purchase limit of $1,000 and seals a deal of 1500 even though the mandolin had the decals on the edges in the samp of the modern script Gibson logo was visible through one of the F holes it turned out that it was one of the thousands of fakes that can be found across the u.s. unfortunately for Chumlee who was worried about impressing Rick he lost $1,400 since a friends and music shop owner later estimated the mantle is worth at just 100 bucks in the second season episode titled helmet head a customer came in bringing in 1964 austin-healey sprite a small British sports car designed to fit in bike sheds which originally cost about eighteen hundred bucks according to the owner the car was generally in a very good condition and just needed some minor tuning up even though the car wouldn't start when Rick wanted to take it for a spin he decided to make an offer since Austin Healey's are popular collectors items in the US the owner wanted to sell it for $10,000 but Rick beat him down and eventually bought it for just half of that it seemed like a good deal at the time but when Rick took the car to his friend looking for a simple fix in order to resell it at a higher price he got some rather bad news instead of the three or four hundred dollar tune-up that Rick had been hoping for he came to know that it would cost him about six thousand dollars to fix the car so one grand more that he had paid for it to begin with knowing that he had made a huge mistake Rick obviously wasn't looking forward to telling the old man and for a good reason although no money was lost yet as Rick decided to do tried to sell the austin-healey and the condition it was in the old man clearly was far from happy about the screw up the business instinct definitely runs in the family but some things you have to learn the hard way or at least Corey did he basically grew up in the pawn shop as he was only nine years old when he began working and polishing knobs when he started working the night shift all by himself nine years later he picked some things up from his dad but he wasn't really that experienced and simply didn't know what to expect apparently the word about a novice working at the shop got out and Corey ended up buying not one but six fake Rolex watches in just one week even though this cam and his rookie mistake cost him four thousand bucks there's no doubt that he has learned his lesson some of the biggest scams that the older of the two pawn shop owners has suffered occurred back in the late 1970s and early 80s when the so called cubic zirconias or C Z's first appeared in the markets these clean-cut synthetic diamonds fooled innumerable pawn shops all across America as they would appear to be 100% real whenever tested at that time the old man shop suffered the loss of around $30,000 due to the fake diamonds but he has learned his lesson nobody knew about them and they tested his diamonds everybody in the industry bought a bunch of them he said Corey eventually did a DIY video about CZs and how to detect the fake diamonds in what she said that the zirconia is usually appeared to be too perfect as there are very few perfect diamonds out there if he can find even the slightest hint of a scratch they are most probably fake thank you very much for watching and don't forget to leave a thumbs up if you're a fan of Pawn Stars and subscribe to always stay on top of our daily uploads thank you again for watching and we'll see you next time [Music]

Channel: The Filmy

Views: 15,422,228

Rating: 4.0591464 out of 5

Keywords: entertainment, movie, tv show, pawn stars, pawn shop, chumlee, rick harrison, corey harrison, old man, investing, business

Id: PnB-KRUfESg

Length: 11min 25sec (685 seconds)

Published: Sun Jul 15 2018