Pawn Stars: RISKY BUSINESS! No Experts Needed for These Brave Bets

Pawn Stars31 minutes read

The seller presents various items to the pawn shop, including a potentially fake strongbox, a signed book by Shoeless Joe Jackson, a valuable watch, a questionable painting by Renee Magritte, and a dinosaur hand, leading to discussions on authenticity, value, and the thrill of exploration and discovery in North Texas. Valuation discrepancies, expert opinions, negotiations, and the excitement of exploring fossil sites are all part of the engaging interactions between the seller, experts, and pawn shop staff, showcasing the diverse world of collectibles and the joy of discovery in unlikely places.

Insights

  • The authenticity of historical artifacts, such as the ball and chain from Yuma Territorial Prison, can be questioned due to modern welding techniques and markings that may indicate fabrication.
  • Expert evaluation and authentication play a crucial role in determining the value of items like the signed book by Shoeless Joe Jackson, showcasing how doubts can be dispelled, significantly impacting the potential worth of the item.

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Recent questions

  • How much did the seller initially want for the strongbox, ball, and chain?

    $2,000

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Summary

00:00

Pawn shop negotiations reveal valuable historical items.

  • The seller brings a Wells Fargo strongbox, ball and chain, and handcuffs to the pawn shop for sale, seeking around $2,000 but willing to accept $1,800.
  • The ball and chain is claimed to be from the Yuma Territorial Prison in Arizona, dating back to the late 1800s.
  • Concerns are raised about the authenticity of the items, particularly the ball and chain, due to modern welding techniques and the presence of prison names on the items.
  • The strongbox is discussed, with its historical connection to Wells Fargo Express and its value estimated at $400 by the pawn shop.
  • The strongbox is later deemed a fake by an expert, disappointing the seller but leading to a negotiation for $450.
  • A book signed by Shoeless Joe Jackson is presented to the pawn shop, with the seller hoping to get $30,000 but eventually settling for $13,000.
  • The signature on the book is questioned due to its neatness, with an expert expressing doubts about its authenticity.
  • The signature is ultimately deemed real by an expert, potentially increasing the book's value to up to $100,000.
  • The seller's watch, a 1970 Heuer Octavia Joe Siffert Edition, is discussed for its rarity and connection to the race car driver.
  • The watch's value is attributed to its association with Siffert and the era of racing watches, with the original band's absence noted as a drawback.

14:59

High-stakes art and antique negotiations unfold.

  • The negotiation for a watch starts at $12,000 but settles at $8,000 after discussing the original movement and missing parts.
  • The watch's back cannot be opened due to lack of servicing for 25 years, causing concern but the deal is still finalized at $8,000.
  • A painting potentially by Renee Magritte is examined by an art expert, highlighting the surrealist movement and the risk of forgeries.
  • The painting's worth could range from nothing to $3.8 million, pending authentication by the Renee Magritte Committee in Belgium.
  • The owner of a Louis XVI table and cabinet from 1691 seeks $825,000 for both, with an expert valuing them at nearly $1 million and $385,000, respectively.
  • The painting is deemed not authentic by the Renee Magritte Committee, leading to a loss of $10,000 but a willingness to take risks in the business.
  • A potential dinosaur hand is purchased for $1,000, with plans to have a paleontologist examine it at a museum in Texas for further authentication.
  • The paleontologist suggests bringing the bones to the museum for analysis and possible excavation for more dinosaur bones and fossils.

29:22

Texas fossil hunt reveals valuable discoveries

  • The expert in Texas identifies a fossil brought in as part of a hand from a perian animal, confirming its authenticity based on its shape and size, valuing it at $5,000, with the potential to be worth more if arm bones are found.
  • The group heads to a fossil site in Texas, where they search for fossils, finding various pieces like shark teeth, a lung fish tooth, and a rib section with a bite mark, emphasizing the fun of the experience over the monetary value.
  • Despite not being paleontologists, the group enjoys the fossil hunt in North Texas, with each member finding unique pieces, culminating in a rewarding and enjoyable day of exploration and discovery.
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