Hollywood Pawn Shops for Variety

Variety Magazine: Academy Rules Can’t Stop Pawn Shop Oscar Sales

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Check out this article featuring our friends at Beverly Loan Company:

[From Variety magazine] On the third floor of a nondescript Beverly Hills office building, past an armed security guard and beyond a glass case full of diamond jewelry, is a gleaming Academy Award. But this trophy wasn’t awarded to any of the staff, or to anyone related to them. This Oscar was pawned.

Beverly Loan Co., “the pawnshop for the stars,” has been drawing the Hollywood set since 1938. The upscale, family-owned and -operated pawnshop specializes in high-end jewelry, watches, fine art, and entertainment memorabilia such as the occasional Oscar.

Jordan Tabach-Bank is the shop’s third-generation pawnbroker. He has thick dark hair, a bright smile, and eyes that gleam with well-kept secrets. One such secret is a coveted Oscar that he says is “particularly unbelievable,” and although he can’t reveal the famous honoree, he spills that it belonged to a late director-producer whose family has kept it as an heirloom.

“They have been fortunate enough to be able to use it when they find themselves in a crunch,” Tabach-Bank says. “It’s difficult to get a bank loan in today’s climate, it really is, and one nice thing is, if you come in with that Academy Award, we can give you easily $50,000. For this particular award, $100,000 was a no-brainer.”

Pawnshops, of course, allow customers to use their valuables as collateral in exchange for a loan. Tabach-Bank says he offers on-the-spot loans in cash or wire, with no credit checks, no loan committee, and a boilerplate agreement. This is standard practice for pawnbrokers. When the customer pays back the loan, with interest, he returns the merchandise. If a client doesn’t pay back the loan, however, the pawnbroker will hold on to the merchandise and can resell it. Tabach-Bank says his clients often pawn the same piece several times, and the majority redeem their goods.



Read the full article at Variety magazine.

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Entrepreneurship Oakland: Master Class

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Click HERE to register.

This three-week course is targeted for entrepreneurs and business leaders who are ready to get seriously successful in their business. These conversations, moderated by American Jewelry and Loan’s own Les and Seth Gold, will allow some of the most successful entrepreneurs in the region.  Participants are sure to leave with actionable strategies for taking their organization to the next level.

Course fee of $185 includes all materials, a certificate of completion, refreshments, and an individual membership in the Pontiac Regional Chamber. All proceeds benefit the Pontiac Regional Chamber.

Three Tuesdays in March: March 14, 21, 28th
American Jewelry and Loan Pontiac
546 N Telegraph Rd, Pontiac, MI 48341
COST: $185 per person
Includes: Attendance at all three sessions, materials, certificate of completion, refreshments, and a FREE Individual membership in the Pontiac Regional Chamber

Negotiating for Entrepreneurs
Business Planning Basics
Untangling the Red Tape
Networking Best Practices

How to Conduct Market Research
FREE Community Resources for Business Owners
Finding the funding
Legal & Financial Considerations
Marketing, Advertising, and PR

Accounting and banking basics
eCommerce and Digital Marketing
Business Wisdom from a Pawnbroker
Commitment to Community

Presented in conjunction with the Pontiac Regional Chamber.











WAREHOUSE SALE: November 1-5

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We’re cleaning out the warehouses of all THREE of our Metro Detroit stores as we get ready for the holidays! Our loss is your gain–come and take advantage of MASSIVE savings on game systems, televisions, electronics and sound equipment, fur coats, and more! TRIPLE Gold Bar savings on any clearance item for our loyal customers. Stop by Hazel Park, Detroit, or Pontiac!

Learn more at our Facebook page ‘Events’ tab!

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Now Hiring: Loan Processors (Detroit, Pontiac, Hazel Park)

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American Jewelry and Loan sets the industry standard by providing the best pawnbroking experience to anyone that connects with us.
JOB DESCRIPTION: We are looking for sharp, motivated individuals who will be central to our family-owned business. Our loan clerks must be customer-service oriented and able to think fast on their feet. They will process pawn loans, evaluate jewelry and other items for purchase, and otherwise provide a world-class experience to everyone that they encounter.

-Candidates must possess math skills, and be able to learn jewelry evaluation.
-Applicants should have a proven ability to work with a high level of flexibility while consistently demonstrating sound judgment, accuracy, and attention to detail.
-The position requires a well-organized, self-motivated individual who is able to multitask and analyze information in a fast paced environment.
-Excellent customer service and communication skills
-All serious candidates will be subject to a background check.
Minimum Education: High School diploma or equivalent
Two years customer service or retail experience

We offer a benefits package including Medical, Dental, 401K, and profit sharing.

Job Type: Full-time

Required education:

High school or equivalent
Required experience:

Customer Service: 2 years
Cash Handling: 2 years

The National Pawnbroker's Association offers guidance and support to pawnbrokers.

NPA Weekly Newsbrief: American Jewelry And Loan Pawn Shop Chain Grows With The Times

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From the NPA Weekly Newsbrief: The American Jewelry and Loan chain just got bigger.

The Detroit-based pawn business, star of TruTV’s “Hardcore Pawn,” acquired Joey’s Jewelry & Loan on John R just north of Eight Mile Road for an undisclosed amount.

Through the early June move, it increased market share while expanding its brand with a new location not far from the 38-year-old company’s original store in Detroit, said Vice President Seth Gold, the son of owner and president Les Gold.

Read the full article from the NPA Weekly Newsbrief.

American Jewelry and Loan Gradient 4-color Logo

GRAND OPENING CELEBRATION: Saturday, July 23, 2016

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Screen Shot 2016-07-07 at 9.03.27 AMLes and Seth Gold and the entire American Jewelry and Loan team invite you to join us for a Grand Opening celebration on Saturday, July 23, 2016 10am – 6pm at each of our three Metro Detroit stores: Detroit, Hazel Park, and Pontiac.

The celebration begins at 10am with free giveaways for the first 100 customers through the door at each store.

At the Pontiac location, a Ribbon Cutting ceremony will be held at 10am with comments from Oakland County Executive L. Brooks Patterson followed by a meet-and-greet with Les and Seth Gold with free autographed 8×10 photographs.

Les and Seth, joined by Jessica Lundy from TV20, will then host two other meet-and-greets with free 8×10 photos at iconic Detroit store at 12pm noon, then at Hazel Park at 3pm.

Throughout the day at all three locations, customers can register for door prizes and will have the chance to grab fistfuls of cash in the cash machine. Take advantage of TRIPLE GOLD BAR savings as well as other discounts and savings. Experts will be on hand at each location throughout the day to buy gold, jewelry, and other items including tools, equipment, sports memorabilia, and more.

Door prizes will be given away throughout the day at each location and include the items shown below. Additionally, there will be an online drawing for a GoProHero4 via our Facebook Page. Learn more about door prize giveaways at our blog. All prizes are available for inspection ahead of time at our Detroit location, call 313-345-4000 to make an appointment.

RSVP on our Facebook Page and register to WIN a GoPro Hero 4 Camera!

American Jewelry and Loan Detroit
20450 Greenfield Road
Detroit, MI  48235

American Jewelry and Loan Pontiac
546 N Telegraph
Pontiac, MI  48341

American Jewelry and Loan Hazel Park
20804 John R Rd
Hazel Park, MI 48030

Click here for a printable .pdf file detailing our Grand Opening event!GrandOpeningFlyer







Les & Seth Gold talk shop with Arthur KAde on Behind the Velvet Rope

Les and Seth Gold of “Hardcore Pawn” Share the Latest at American Jewelry and Loan

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[via Behind the Velvet Rope with Arthur Kade] Father and son Les and Seth Gold run Detroit’s largest pawn shop and document their daily business on TruTV’s hit reality series Hardcore Pawn. Now, they sit down with Arthur Kade to discuss the latest news at American Jewelry and Loan, their riskiest deal, biggest mistake, thoughts on the presidential race and more.

Watch the video at!

Les & Seth Gold attend the 2016 Mackinac Policy Conference

MLive: 11 business hacks for Michigan from stars of ‘Hardcore Pawn’

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[via] Everybody’s selling something at the Mackinac Policy Conference this year.

So it may be no surprise that there’s a place for the owners of Detroit’s largest pawn store at the Grand Hotel.

Business expansion, legislative debate, and employee retention are all top of mind for Detroit’s regional leaders as they gather for the annual conference sponsored by the Detroit Regional Chamber.

And, I learned today, that those are the same issues that brought Les Gold and Seth Gold to the island.

Read the full story on MLive Business.