WHEN the “people’s pawnbroker” Dan Hatfield instructed us he may lend a hand Sun on Sunday readers flip £10 into £1,000, we didn’t somewhat consider him — however that’s precisely what he did.
With his working-class roots, he has modified the belief of pawnbrokers and loves not anything greater than serving to people who find themselves suffering financially.
We met Dan, 39, in Chiswick, a leafy a part of West London, and with simply £10 to spend accompanied him as he began trawling charity retail outlets searching for clothier items and antiques to promote on for a benefit.
Dan says: “If you need a just right discount you’ve were given to have a look at the geography and demographic of the place you’re going to head.
“I’ve selected Chiswick as it’s a rich house with people who find themselves somewhat disposable with their belongings.
“They may purchase a clothier get dressed and simplest put on it a few occasions then donate it.
“Cheshire could also be a really perfect house, as is North Yorkshire, puts like Harrogate, after which the Birmingham suburbs and likewise Edinburgh.
“Having a cell phone to do your analysis within the retail outlets is vital.
“Take a picture of the items and look on eBay and Etsy to see what you might get for them.”
In Oxfam on Chiswick High Road he makes his first acquire — a Karen Millen black cocktail get dressed on sale for £10.
He unearths an similar one promoting on eBay for £40 and calls a manner purchaser, who consents a £40 sale.
Dan says: “It’s a dimension 10, from a credible label and no longer too large or small, so will attraction to as many consumers as imaginable.
“There’s additionally an opportunity that chances are you’ll know any individual who would purchase the get dressed off you.
“Private sales also mean you don’t pay listing fees.”
With that money, he buys a dimension 12 clothier get dressed via luxurious emblem Escada, which he sells at the telephone to a personal purchaser for £125.
At a close-by Fara charity store he buys a Stella McCartney silk tea get dressed priced at £59. It is his 0.33 acquire of the day.
Dan says: “It used to be a really perfect to find and is in easiest situation. That’s every other factor, you’ve were given to be sure you take a look at every merchandise.
“People are happy to buy second-hand, and we’re all about being more sustainable, but the item has to be pristine.”
Dan calls every other consumer who loves clothier garments. She consents to pay £350 for the Stella McCartney get dressed.
He makes use of the cash to shop for an amethyst and pearl silver ring for £25, a antique Fifties silver-plated powder compact for £25 and a couple of Eley Kishimoto unfashionable sun shades for £32, all from Fara.
He rings a jewelry dealer and sells the hoop for £70. Then he makes every other name, this time to a manner collector who buys the sun shades for £90.
His best money guidelines
- FIFTY PENCE PIECES. The Kew Garden fifty pence piece is recently on eBay for £200.
- JEWELLERY. Look out for the massive manufacturers – Bulgari, Cartier, Harry Winston and Boodles.
- MOBILE PHONES. Obsolete tech gathering mud for your attic might be treasured. At round £2,000, a Nokia Sapphire 8800 is value greater than an iPhone.
- BOOKS AND COMICS. First editions of Harry Potter, and Jackie magazines from the Sixties and Nineteen Seventies, opt for 1000’s.
- PYREX DISHES. Someone lately inherited some previous Pyrex dishes from his grandparents. They made £35,000 at public sale.
An extra telephone name later and he baggage £70 from a personal purchaser for the powder compact.
Dan says: “I do know what my shoppers need and feature an enormous buying groceries checklist in my head.
“I’ve were given consumers for the whole lot, but when readers wish to get started doing this, they may be able to simply make the contacts.
“It’s a friendly world. Go to your local antiques dealer or pawnbrokers and start chatting.”
We head again to Oxfam, the place, for £125, he buys a Hermes shawl, which he sells to a shopper via telephone for £250.
His subsequent prevent is the Cancer Research charity store.
He buys an vintage, 14-carat gold aquamarine bar brooch for £140 and a suite of Victorian cheese knives for £20.
He sells the brooch for £250 to one among his jewelry consumers and the set for £120 to a personal collector of vintage knives.
The store supervisor then presentations him a biker jacket via clothier Maje priced at £40. He does his analysis and, second-hand, they may be able to opt for the rest as much as £400.
He buys it and places it on-line for £350, which takes his overall benefit from the day prior to this his £1,000 goal to a whopping £1,199, with all pieces bought inside 72 hours.
Dan, who runs Sheffield pawnagents London Road Jewellers (londonroadjewellers.co.united kingdom), says: “What we’ve achieved via turning a tenner into just about £1,200 proves there may be cash to be made.
“We did it the exhausting approach going around the charity retail outlets.
“People wish to get to their native automobile boot gross sales. You can get some improbable bargains.
“Go early however keep overdue, too, as other folks wish to eliminate their stuff.
“We’ve were given to be extra savvy. As a pawnbroker, my palms are at the pulse in the case of the country’s funds.
“We have businessmen who make use of masses of team of workers pawning watches to pay wages. It’s all right down to the price of dwelling.
“It’s most commonly jewelry and watches however we’re seeing gold enamel, too.
“I hope we can inspire people to get out there, be brave and find those bargains to get that extra bit of cash.”