The Pawn Shop Business

From the name itself, you already have an idea about a business. A pawn shop is a place where you can get an easy loan or quick cash by using a valuable item as a collateral. It is a place where you can go and pawn your valuable items in exchange for cash.

However, every pawn shop has its own set of terms before you can get a loan. A shop can only accept certain items as collaterals for your loan.

We will give you an idea of how the business operates and how it gain profits from its transactions.

 

Getting a Cash Loan
Pawn-Shop

As previously mentioned, there are only certain items that the shop can accept as an exchange for the approved loan amount. Normally, they will accept platinum, gold or silver jewelries as collateral.
 
The reason behind this is their value does not quickly depreciate, like other valuable items. Gold, for instance, plays a major role in commodity trading and its value is known to appreciate rather than depreciate. It is for this reason that those who would like to trade commodities store up gold in the hope that eventually, they will get more value than what they initially paid for.
 
Another reason why shops prefer jewelries is because they can easily assess their value and authenticity. There are trained and skilled consultants who can easily identify a fake jewelry from a genuine one. Unlike other valuables, jewelries can be assessed on the spot after presenting them to the shop. The consultant can appraise their value depending on their quality.
 
Finally, pawnshops prefer jewelries as collateral because they are not difficult to store. They do not take much space and are easy to secure in a vault.
 
After assessing the items, you will be quoted an amount as to how much you can get for the value of your item. The amount you are quoted is the total amount of cash that you can borrow from the shop.
 
Normally, you will receive a slip containing the amount you received, the interest that you have to pay and when you should pay it. Failure to pay for your item at the specified amount means that you are waiving your right of ownership for the items you have pawned.

 

Selling Items

Apart from just getting loan by pawning your valuables, you can also choose to sell your items. This means that you do not have any plans of getting your item again from the shop.
 
The thing about selling items is that the shop may ask you additional questions for security purposes. Do not be offended if the shop asks you questions to prove that you are indeed the owner of the items. Depending on the items you will be selling, you may be asked to show proof of ownership or a certificate before the shop buys it.
 
The only reason why the shop has to do this is that as a business the pawn shop must also protect its own interest. Without due diligence, the shop may be sold stolen items and that may cause a problem.
 
Depending on the shop that you will be dealing with, selling items would normally help get a higher amount of cash compared to you pawning it. The difference is that when you sell items, the shop immediately becomes the rightful owner of the items and they can do whatever they want with the items. Whereas, if you just pawn your items, the shop needs to safely secure it using locks and probably pay someone to look after it.

The shop pays an additional cost to keep it safe. This ensures that when you are ready to get it back, it is still on its best condition.

 

Buying Items

The pawn shop will also most likely sell unclaimed items or items that have been sold to them. If you buy back an item that you previously pawned and was unable to pay for it on the agreed time, then you can ask the shop if the item is still available for you to buy.

Jewelries

In most cases though, the shop will have available items that you can buy. These items are either sold items or unclaimed items. You must expect though that if you sold an item at a shop and you decide to buy it back, the price will most likely be higher than what you originally sold it for. The shop owner will be the one to decide on the amount they would like the items to sell.
 
These are the main transactions that a pawn shop deal with on a regular basis. If you really look at it, it is actually a trading place for cash and jewelries. If you are thinking of pawning your valuable items, then make sure to look for a reliable shop to ensure that the transactions will run smoothly.

 

Author Bio
Majorpawn.com is one of the best pawn shop, if you need instant money so you can sell your jewelry or other pawn items with good price, for more details contact with us.
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Assembling a Printed Circuit Board

When the design and fabrication of a printed circuit board is done, it is time to assemble it. Assembling printed circuit boards require another set of processes to follow.The first three processes are drilling, plating and coating, solder resist application. These are followed by legend printing, board testing, and protection and packaging.
 

Drilling holes is the first process in assembling.

PCBHoles are drilled using drill bits which are very small. They should be made of solid coated tungsten carbide. It is recommended that they are coated because many board materials are abrasive. To ensure cost-effectiveness, drilling should be done at high RPM and high feed. Additionally, drill feeds have to be very sharp.Drilling is usually performed using automated machines. The placement of these drilling machines is controlled by computer-generated drill files. The drill file automatically locates the hole and knows the size of each drilled hole.
 
All the holes can be made conductive through electroplating and inserting metal eyelets.They are made conductive in order to electrically and thermally connect board layers. Another option is to connect only some of the copper layers rather than passing through the entire board. This can be done through controlled-depth drilling. For boards with two or more layers, they are made conductive and electroplated with copper through plated-through holes.
 

The next process is plating and coating.

A printed circuit board is usually plated with gold over nickel, tin and solder. This is done to resist etching away the underlying copper, which is not needed.After etching, the PCBs are rinsed with water. Then, solder mask is applied. Other exposed copper is coated to avoid corrosion.
 
After plating and coating, the next process is solder resist application. The surface that should not be soldered will be covered with solder mask. Legend printing is when symbols, letters and numbers are printed on either one or both sides of the printed circuit board. It has the designators, test points, switch settings, and other helpful indications for assembling, testing and servicing the board.The three methods used to print the board are silk screen printing with epoxy ink, liquid photo imaging, which is a more accurate method, and ink jet printing.
 

The next phase is the bare-board test.

They are tested for shorts – connections that should not be together. They are also tested for opens, which are missing connections, making them the exact opposite of shorts.
 
The next phase in the assembly process is when the bare boards are populated with electronic components. These are done through two known methods: through-hole technology or surface-mount technology. In both methods, component leads are mechanically fixed and electrically connected to the board through soldering. There are many soldering methods used to fasten components to a printed circuit board.
 
pcb-green

It is important to test a populated board.

Testing is also done in a variety of ways. That includes visual inspection and even an automated optical inspection. There is also power-off testing while the power is turned off. On the other hand, there is an in-circuit test as well as a functional test when the power is on. The question is what happens when boards fail the test?The boards are then soldered again and failed components are replaced. This is referred to as reworking.
 
The last part of the process is protection and packaging. Printed circuit boards that will be placed in extreme environments will have conformal coating. Conformal coating is applied by dipping or spraying after soldering. This coating prevents corrosion and leakage. Conformal coats are dips of silicone rubber or polyurethane solutions. Many PCBs are placed in antistatic bags during transport.