|"So, all you'll give me for my seal is a|
swift kick in the pants?
I guess I can do that."
In the first place, in this age of eBay and Amazon, why on earth do people still insist on selling to pawn shops? If you have something of value that you want to sell, SELL IT YOURSELF TO MAKE MORE MONEY. This is called the American Way.
In the second place, when something isn't as valuable, why do people assume that it is? The answer to this lies in an object's intangibles. This can also be known as sentimental value that we tend to place in items that is above and beyond what those items are actually worth.
As a point of comparison, consider Tim Tebow. The guy is not your normal quarterback in that he can't throw two consecutive good passes to save his life. Still, he was a first round pick in the NFL draft because scouts really talked up his intangibles. He isn't a partyer. He is a natural leader. He says his prayers, minds his manners, and chews with his mouth closed. Because of these things, certain coaches in the NFL ate him up and drafted him (arguably) much higher than he should have been. He began starting as a quarterback last season, and he lead the Broncos into the playoffs even though nearly every person who comments on football considers the guy a sub-par quarterback.
Will Tebow's intangibles eventually translate to a Broncos Superbowl victory? Only time will tell, but in my opinion, you'd be better off engaging in a land war in Asia or going against a Sicilian when death is on the line than betting the Tebow will lead the Broncos to a Superbowl.
|Not Pictured: Wallace Shawn.|
Make sure to come back later this week to see how this mindset costs you money (even if you're not a pawn shop regular).
Photo 1 from Thomas Shahan 3.
Photo 2 from Jerf Kern.
This post was featured in the Carnival of Personal Finance #350.