Newspaper article The Florida Times Union

Couple Makes Honest Effort of Dealing in the Pawn Trade

Newspaper article The Florida Times Union

Couple Makes Honest Effort of Dealing in the Pawn Trade

Article excerpt

Byline: Charlie Dixon, Special to the Times-Union

Any regular TV watcher these days knows where to get so-called "easy money." At one place, you can just leave the title of your car in return for cash. At another, just write out a check for the next pay period and leave it with the "money man," who cashes it after your payday. And, of course, there are other seemingly ingenious means and methods.

But one place never advertised on TV is the old tried and true pawn shop.

Most of us will deny ever having been in one. Yet at last count some two years ago, there were 138 pawn shops in Jacksonville. 138! So someone is getting by with the help of the friendly pawnbroker.

A young couple here on the Westside researched the business about two years ago and decided it offered the best prospects for them and their three small children. Financially, of course.

The couple was Maggie and Gerald Nyren. Gerald had been an architect first with the city and then the state. The Nyrens' shop, "Best Loan Guaranteed," is at 6980 Normandy Blvd. They are in the collateral loan business.

They will make you an offer on any item you bring them, keep it for up to two months and redeem it to you for the amount of money they gave you, plus 20 percent (state laws that govern the pawn business allow for up to 25 percent). Some of the bigger items they have had come in include a Mercedes Benz, a number of less prestigious cars and trucks, including a $9,000 van, and computers galore, they say.

If your item stays with them over the limit, it goes into the shop's sales department. And (naturally) whatever it sells for belongs to them.

The shop itself is worth a sightseeing visit. There's the jewelry department, with great bargains and every other item you can imagine. The living room furniture of a neighbor employed by a large Jacksonville-based company is never for sale. …

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