Episode 4

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0:00:02 > 0:00:05- With money short and banks not lending, we're all feeling the pinch.- What can I do for you?

0:00:05 > 0:00:07I would like to pawn this ring.

0:00:07 > 0:00:12In desperation, more and more people are turning to pawnbrokers

0:00:12 > 0:00:14to raise money against their precious belongings.

0:00:14 > 0:00:17And that's instant cash anywhere in the world.

0:00:17 > 0:00:20But many then struggle to meet their high charges.

0:00:20 > 0:00:23I'm doing seven nights a week to make ends meet.

0:00:23 > 0:00:26We don't know what we're going do.

0:00:26 > 0:00:31For six months, we've seen how one pawnbroking business in Birmingham is cashing in.

0:00:31 > 0:00:34All we want to know is - does your item have value,

0:00:34 > 0:00:36are you who you say you are, and does this belong to you?

0:00:39 > 0:00:43Keep warm, be polite and make sure everything you take in is gold.

0:00:46 > 0:00:50Jesus Christ, you'll never figure out these women ever, will you?

0:00:53 > 0:00:55We meet customers who believe time is money...

0:00:55 > 0:00:57I mean, my watch is gold,

0:00:57 > 0:00:59I reckon I could get £500 for it.

0:00:59 > 0:01:01How can I help you, ladies?

0:01:01 > 0:01:04..and those who are the unintended victims of the economic downturn.

0:01:04 > 0:01:07We're looking for some stolen items.

0:01:07 > 0:01:08It's a pity they can't go out

0:01:08 > 0:01:12and earn an honest day's living instead of robbing people.

0:01:13 > 0:01:16Welcome to Cash Britain.

0:01:24 > 0:01:29Greg is redeeming his most valuable possession.

0:01:30 > 0:01:32Hello, mate. You all right?

0:01:32 > 0:01:34- Yeah, yeah, fine, yes.- That's a nice big wallet you got there.

0:01:34 > 0:01:36Oh, yeah, yeah.

0:01:36 > 0:01:38Greg's a catering manager.

0:01:38 > 0:01:41He pawned a Rolex watch six months ago when he had a big tax bill.

0:01:41 > 0:01:43How you doing now, you all right? You working hard?

0:01:43 > 0:01:47It's an emergency loan and using one of my watches,

0:01:47 > 0:01:51it's a quick way of doing things cos I have to pay my bills on time.

0:01:51 > 0:01:54I can't rely on the banks any more

0:01:54 > 0:01:56and I can't rely on my customers to pay the bills they owe,

0:01:56 > 0:01:58so I've got no alternative.

0:01:58 > 0:02:01- It's helped you out over the years, hasn't it?- Yeah. Oh, yeah.

0:02:01 > 0:02:03That's why it's worth having a Rolex, isn't it?

0:02:03 > 0:02:06Because you can always get your money back.

0:02:06 > 0:02:08You can always get your dosh for it, anywhere you go, innit?

0:02:08 > 0:02:11Saved me life a few times, that watch has.

0:02:11 > 0:02:13- 617. - Fair enough, here you are.

0:02:13 > 0:02:15You buy a watch you always buy a quality watch

0:02:15 > 0:02:17like a Breitling or a Rolex or something,

0:02:17 > 0:02:18you know, obviously solid gold,

0:02:18 > 0:02:22precious metal, then you, er... you get your money back.

0:02:22 > 0:02:26- I suppose you want it back now, don't you?- Yeah, yeah, that I do, I suppose so, yeah.

0:02:26 > 0:02:27Two ticks, mate.

0:02:28 > 0:02:30- There you are, my man. - That's excellent.

0:02:30 > 0:02:33- Sorted. One watch.- Thanks very much. - There you are. See you later.

0:02:33 > 0:02:36Yeah, that's great, excellent service, thanks.

0:02:41 > 0:02:46That's the particular item there and that's instant cash,

0:02:46 > 0:02:48anywhere in the world.

0:02:53 > 0:02:56But they're only instant cash if they're the real thing.

0:02:56 > 0:02:59And there's a thriving business in fake watches.

0:02:59 > 0:03:03Catherine's got a collection she hopes is worth thousands.

0:03:07 > 0:03:10You all right, my love? What can we do for you?

0:03:10 > 0:03:14A resident where I work has actually given me some watches

0:03:14 > 0:03:16cos he's gone back to China.

0:03:16 > 0:03:20He's told me they're real, but I just wanted to double check.

0:03:20 > 0:03:23Cor blimey! He's got a collection here, hasn't he?

0:03:23 > 0:03:26He didn't want to take 'em back with him either?

0:03:26 > 0:03:28No, no, he's said he gave them to me as a present.

0:03:28 > 0:03:31I was quite shocked he actually gave them to me, to be honest,

0:03:31 > 0:03:33and I thought that there's no way they're real.

0:03:33 > 0:03:36But I just wanted to double check if they were or they weren't.

0:03:36 > 0:03:41Right, that one, that one isn't, that one definitely isn't.

0:03:41 > 0:03:44There's a couple of things that aren't quite right with them.

0:03:44 > 0:03:48They're a lot lighter than they should be.

0:03:48 > 0:03:51They're automatic, so when you spin 'em round, the rotor spins round

0:03:51 > 0:03:56and that winds them up but, at the moment, it doesn't want to.

0:03:59 > 0:04:01Looking at 'em, I would say that they're not.

0:04:01 > 0:04:04They're very good copies, but I'd say they're not.

0:04:04 > 0:04:08There's silly little bits and pieces that you look for,

0:04:08 > 0:04:10but if they were, he'd probably left you, I don't know,

0:04:10 > 0:04:13probably about 5,000 quid's worth of watches.

0:04:13 > 0:04:15You know what I mean? You start thinking.

0:04:15 > 0:04:18- He didn't like me that much. - No, that's what I mean,

0:04:18 > 0:04:20It's the way you have to look at it, as well,

0:04:20 > 0:04:22but they're, they're made quite well,

0:04:22 > 0:04:25it's just bits and pieces on 'em that aren't quite right, you know.

0:04:25 > 0:04:27So, I'd say they're not, unfortunately.

0:04:27 > 0:04:29Sorry about that - in being the bringer of bad news.

0:04:29 > 0:04:32- But if you don't ask, you don't know, do you?- No, that's it.

0:04:32 > 0:04:34- OK, thank you very much. - Okey-dokey, then, my love.

0:04:34 > 0:04:35- Thank you.- Ta-ta, then, bye.

0:04:35 > 0:04:39The only way, really, to 100% is to get the back off

0:04:39 > 0:04:42but I think I would have known what was in there, anyway,

0:04:42 > 0:04:44that they weren't, they weren't genuine ones.

0:04:44 > 0:04:46What she's going to do with them, I don't know.

0:04:46 > 0:04:50I like this one, I'll probably keep this one for myself, actually.

0:04:50 > 0:04:52But these three, I'll either give to my sister,

0:04:52 > 0:04:56sell 'em at the car boot or even as a Christmas present.

0:04:56 > 0:04:59I haven't really decided, to be honest.

0:05:05 > 0:05:08The trade in counterfeit watches is worth millions every year.

0:05:08 > 0:05:10But nothing fools Karl.

0:05:10 > 0:05:12What you must always realise is - A, is the watch too cheap? -

0:05:12 > 0:05:15when somebody's actually trying to sell something to you.

0:05:15 > 0:05:18B, does it feel cheaply made? Feel it, is it?

0:05:18 > 0:05:23Does it feel six thousand pounds' worth?

0:05:23 > 0:05:24Look at the actual face.

0:05:24 > 0:05:29See whether or not the face has got any marks on it,

0:05:29 > 0:05:31if there's any imperfections on the face,

0:05:31 > 0:05:35if there's anything there, check, to see if the movement sounds right.

0:05:38 > 0:05:40You want to hear a high beat ticking.

0:05:40 > 0:05:44On a lot of the fakes, they haven't got that.

0:05:44 > 0:05:46Tap the glass.

0:05:46 > 0:05:50It's not like a plasticky sound. That's a crystal glass.

0:05:50 > 0:05:52And the most important thing that I would do,

0:05:52 > 0:05:56is to check to see whether this is on the stolen or the missing list

0:05:56 > 0:05:58and we have a direct line

0:05:58 > 0:05:59and they will tell me

0:05:59 > 0:06:03whether or not that watch is stolen or has been lost,

0:06:03 > 0:06:07or is perfectly OK.

0:06:09 > 0:06:13Pawnbrokers are an obvious target for stolen goods.

0:06:13 > 0:06:16And Karl has a visit from Lavinia and her daughter, Anne.

0:06:19 > 0:06:21How can I help you, ladies?

0:06:21 > 0:06:23We've had a burglary. We're looking for some stolen items.

0:06:23 > 0:06:25We think they want to be able to sell them.

0:06:25 > 0:06:28Right, OK, so, what are the items?

0:06:28 > 0:06:31- There's a TV and a laptop and there's also some jewellery.- OK.

0:06:35 > 0:06:38It's been three weeks since the burglary,

0:06:38 > 0:06:42but Lavinia's still coming to terms with what happened.

0:06:42 > 0:06:44It was a bit of a shock.

0:06:44 > 0:06:47They must have come over the gate, which is just here,

0:06:47 > 0:06:50and then they just levered this window

0:06:50 > 0:06:56with a crowbar or suchlike and...and came through there.

0:06:56 > 0:06:57It was...it was such a shock

0:06:57 > 0:06:59when we saw that the window had been forced

0:06:59 > 0:07:01and the door was unlocked and we went into the living room

0:07:01 > 0:07:04and saw the television had gone and, oh, it was just horrible,

0:07:04 > 0:07:07and then it was a case of going upstairs

0:07:07 > 0:07:09and saw the jewellery boxes on the bed

0:07:09 > 0:07:11and it was just heartbreaking, it's horrible.

0:07:11 > 0:07:15And I think I was just speechless, in the beginning

0:07:15 > 0:07:17and then it began to sink in.

0:07:17 > 0:07:19Somebody's been in here,

0:07:19 > 0:07:21they've walked up the stairs

0:07:21 > 0:07:22and been in all the...

0:07:22 > 0:07:25I don't know, it's just a horrible thought,

0:07:25 > 0:07:27when you think about it.

0:07:27 > 0:07:30But, to you, when it happens,

0:07:30 > 0:07:33it is the worst thing that could happen.

0:07:36 > 0:07:39Could you describe what kind of ring it is, please?

0:07:39 > 0:07:40- Is it a gold ring?- Yes, yes.

0:07:40 > 0:07:42- It's a gold ring, - It's gold.

0:07:42 > 0:07:47- Eighteen carat and five diamonds on a straight.- So it's an eighteen carat, five diamond.

0:07:47 > 0:07:52And then mine would be same again but three on the cross.

0:07:52 > 0:07:54- Would that be eighteen carat as well?- Yeah.

0:07:54 > 0:07:58- OK.- Basically they're sentimental value, you know.- Absolutely.

0:07:58 > 0:08:00Those are your prized possessions, aren't they?

0:08:00 > 0:08:03- You can't replace them. - You can't replace them.

0:08:03 > 0:08:10Amongst the jewellery was her precious engagement ring.

0:08:10 > 0:08:14We were in the pictures, actually, and that was it.

0:08:14 > 0:08:18I didn't know anything about it and he just got the ring out.

0:08:20 > 0:08:23Nothing posh or elaborate.

0:08:26 > 0:08:33The locket, my husband bought it for me

0:08:33 > 0:08:35and there was two photographs in it.

0:08:35 > 0:08:42One of him when he was doing his National Service and then... and one of me.

0:08:42 > 0:08:47Only small, obviously, but it was nice, you know, to have.

0:08:51 > 0:08:53Burglary is something Simon's all too familiar with.

0:08:55 > 0:08:57All right, love.

0:08:57 > 0:08:58I was burgled on Sunday

0:08:58 > 0:09:02and a lot of my children's jewellery was taken but it's distinctive gold.

0:09:02 > 0:09:04I want to know if anyone had brought anything in.

0:09:04 > 0:09:07Yeah, it's worth trying, I mean, I can jot the details down.

0:09:07 > 0:09:13'Because of the trade we're in, we get lots of people, if they've had burglaries or they've lost stuff,'

0:09:13 > 0:09:18they tend to come into us and ask if...if any of it has been brought in here,

0:09:18 > 0:09:21which, as you can see from the amount here, you know, we get quite a few lists,

0:09:21 > 0:09:24quite a few enquiries.

0:09:24 > 0:09:25I think this is one of those things,

0:09:25 > 0:09:27I mean, people think maybe pawnbrokers,

0:09:27 > 0:09:29you know, get involved in buying this stuff.

0:09:29 > 0:09:31Well, we don't and we don't want to get, you know,

0:09:31 > 0:09:33we've never been known for it.

0:09:33 > 0:09:38The burglar took a number of quite high value, distinctive pieces of jewellery

0:09:38 > 0:09:41and we formed a kind of inventory for you here.

0:09:41 > 0:09:42Yeah, let's a have a look here.

0:09:42 > 0:09:45You're well prepared, I'll say that. There's some nice bits here.

0:09:45 > 0:09:49When anybody does come in, whether they're pawning stuff or whether they're selling it,

0:09:49 > 0:09:50we ask for valid ID,

0:09:50 > 0:09:52it's got to be no more than three months' old,

0:09:52 > 0:09:54and we scan it into the system,

0:09:54 > 0:09:55so we've got a record of it on the system

0:09:55 > 0:09:57and we actually take their photograph, as well.

0:09:57 > 0:10:01You can replace a gold chain or a ring

0:10:01 > 0:10:04but you can't replace the sentiment behind it.

0:10:04 > 0:10:06If it's something we can look out for, though,

0:10:06 > 0:10:08if we can try and help, we will do.

0:10:10 > 0:10:14A month later, there was still no sign of Lavinia's jewellery.

0:10:14 > 0:10:18I think about it and I wonder if anybody's wearing it

0:10:18 > 0:10:20but you don't know really.

0:10:22 > 0:10:27It's a pity they can't go out and earn an honest day's living

0:10:27 > 0:10:32instead of robbing people of their sentimental things.

0:10:40 > 0:10:42George has worked all his life,

0:10:42 > 0:10:45but with only his pension to rely on,

0:10:45 > 0:10:48he's now always looking for a bargain.

0:10:52 > 0:10:54Look at the price.

0:10:54 > 0:10:58That's what you call a bargain, isn't it, a pound each?

0:10:58 > 0:11:04You could paint the frame and make it look very expensive.

0:11:04 > 0:11:07Here's something that would be ideal for the kitchen,

0:11:07 > 0:11:10if they cook, for £2.

0:11:12 > 0:11:16In my opinion, the best place to buy good quality things

0:11:16 > 0:11:20is charity shops because they sell brand new things as well, you know,

0:11:20 > 0:11:22they don't just sell second-hand rubbish.

0:11:22 > 0:11:26These are made in Greece, so you've heard of the Greek economy.

0:11:26 > 0:11:31The drachma is out now, the Europeans have to bail them out.

0:11:31 > 0:11:34This is well worth £2 as well, isn't it?

0:11:34 > 0:11:36You imagine if this was silver.

0:11:36 > 0:11:40You go to an auction and you can't go wrong.

0:11:45 > 0:11:46Righty-o.

0:11:48 > 0:11:52I'd recommend this paper to anyone who wants to pick up a bargain.

0:11:52 > 0:11:57There's everything you can imagine. TVs, hi-fi, anything that I think

0:11:57 > 0:12:01I can make a profit out of. You name it.

0:12:01 > 0:12:05That's why some people go, they even sell their own grandfather!

0:12:07 > 0:12:10Look at this, people wouldn't know that watches would be so expensive.

0:12:10 > 0:12:15Up to 50,000 paid immediately if you have these type of watches.

0:12:15 > 0:12:17Everybody would love to have a gold watch.

0:12:19 > 0:12:21And George has got one

0:12:21 > 0:12:23but it's been in the pawn shop for six months,

0:12:23 > 0:12:25funding his money-making schemes.

0:12:27 > 0:12:29- Hello there.- Good afternoon.

0:12:29 > 0:12:32I've come to take this out if possible.

0:12:32 > 0:12:34To redeem something.

0:12:34 > 0:12:39Thanks very much, thank you. It's 72.50 to take out.

0:12:39 > 0:12:44OK, 50, 20, 70, I've got to find £2.50 now.

0:12:44 > 0:12:46You want to see the watch?

0:12:46 > 0:12:48It's all in pieces at the moment.

0:12:48 > 0:12:52It's just to get assembled together again, so that's the watch.

0:12:52 > 0:12:54It's not that I haven't got enough money

0:12:54 > 0:12:57but certain some unnecessary bills come along

0:12:57 > 0:13:00and you find yourself broke and the only other option

0:13:00 > 0:13:03is to pawn your stuff, you know, but I'm not a thief,

0:13:03 > 0:13:06so this is the only way to go about it.

0:13:06 > 0:13:09- Nice seeing you again. - Bye, then.

0:13:09 > 0:13:10Bye for now.

0:13:10 > 0:13:12With the watch back in his pocket,

0:13:12 > 0:13:16George hopes it will be the key to his fortune.

0:13:18 > 0:13:22Not all watches are reunited with their owners.

0:13:22 > 0:13:26One customer didn't pay back a loan of nearly 10 grand

0:13:26 > 0:13:30and Gez is determined to get his money back.

0:13:32 > 0:13:35We're going to Fellows auctions at the moment

0:13:35 > 0:13:37to get the watches valued.

0:13:37 > 0:13:40There is some watches that have come off pawn. Fingers crossed,

0:13:40 > 0:13:42we should make some money.

0:13:44 > 0:13:49- OK.- Cartier's famous red box.

0:13:49 > 0:13:5218 carat, set with diamonds around the bezel.

0:13:52 > 0:13:56Now these are half-set pieces so it would have been bought by someone

0:13:56 > 0:13:59and then sent elsewhere to have work done.

0:13:59 > 0:14:02It doesn't actually add value, like you may expect.

0:14:02 > 0:14:05The quality of the stones used is not up to the standards

0:14:05 > 0:14:09of Cartier themselves and additionally, Cartier themselves,

0:14:09 > 0:14:12they don't look fondly upon their products

0:14:12 > 0:14:14getting after-market additions.

0:14:14 > 0:14:17So none of the diamonds in that watch are genuine?

0:14:17 > 0:14:20- They're not genuine Cartier-set pieces.- Right, OK.

0:14:20 > 0:14:21So that watch is worth how much?

0:14:21 > 0:14:24You would be looking at £2,600 on it at auction.

0:14:24 > 0:14:26That's a shame, OK.

0:14:29 > 0:14:31Bad news for Gez.

0:14:31 > 0:14:35To break even, he needs a lot more from the second watch.

0:14:38 > 0:14:40All diamonds this time.

0:14:40 > 0:14:43I would expect that to be significantly more valuable.

0:14:43 > 0:14:45Again, half-set pieces,

0:14:45 > 0:14:48not the quality and not the skill that we'd expect.

0:14:48 > 0:14:50Even though we've got a lot more diamonds there,

0:14:50 > 0:14:54you would be looking at about £2,800 on that at auction.

0:14:55 > 0:14:58Gez is facing a loss of £5,000.

0:14:58 > 0:15:02If it was a genuine Cartier diamond-encrusted watch,

0:15:02 > 0:15:04worth £50,000.

0:15:04 > 0:15:08But the fact is, in reality, we've made a loss on those items.

0:15:08 > 0:15:11Food for thought there, I think. We'll see what happens.

0:15:25 > 0:15:28Having retrieved his gold watch,

0:15:28 > 0:15:31George is going to see if he's sitting on a fortune.

0:15:32 > 0:15:35Anything to do with gold is worth money.

0:15:35 > 0:15:37When I bought this watch,

0:15:37 > 0:15:42I paid the guy £80 for it and he refused to take anything off.

0:15:42 > 0:15:47He may have paid £80, but he's got his eyes on much more.

0:15:48 > 0:15:52There's no cheap watches here, is there?

0:15:52 > 0:15:56The cheapest watch I can see in the window is £985.

0:15:56 > 0:15:58To be honest, I'm astonished at the prices.

0:15:58 > 0:16:02I mean, my watch is gold, so you imagine this,

0:16:02 > 0:16:06this is just silver mount on most of these watches.

0:16:06 > 0:16:09The price of gold, as we all know, has increased quite a lot,

0:16:09 > 0:16:13so it'll be interesting to see how much they value it at.

0:16:13 > 0:16:15Good afternoon.

0:16:15 > 0:16:18- Hello there, how are you? - Fine, thank you.

0:16:18 > 0:16:22I've got a gold watch here and I just wanted to know

0:16:22 > 0:16:24if you could give me an estimate.

0:16:24 > 0:16:26It's in a right state at the moment.

0:16:26 > 0:16:30I've lost the second hand, so I don't know how you can restore that.

0:16:30 > 0:16:31We'll have a look for you.

0:16:31 > 0:16:35I'll get my watchmaker who'll be able to give a little bit of an idea.

0:16:35 > 0:16:36Thank you very much.

0:16:36 > 0:16:38Paul, this gentleman.

0:16:38 > 0:16:39Hello there.

0:16:39 > 0:16:43The second hand is missing, I can't find it anywhere.

0:16:43 > 0:16:46Oh, no, there's a bit more left. There's the winder.

0:16:48 > 0:16:51Just bear with me two seconds while I have a look at it,

0:16:51 > 0:16:53is that all right? Thank you.

0:16:56 > 0:17:00It'll be interesting to see how much they offer me for it.

0:17:00 > 0:17:02I reckon I could get £500 for it,

0:17:02 > 0:17:06but if you want quality, you have to pay for it.

0:17:06 > 0:17:09Well, I found one of the hands,

0:17:09 > 0:17:12the minute hand there was caught in the balance wheel.

0:17:12 > 0:17:14It's not a high-end watch as such,

0:17:14 > 0:17:17but it's still a nice Swiss movement.

0:17:17 > 0:17:19Well, there's the hand removed.

0:17:23 > 0:17:26Right, sir, I found your minute hand for a start.

0:17:26 > 0:17:28Oh, great.

0:17:28 > 0:17:30I mean, the watch is not in too bad a condition

0:17:30 > 0:17:34but it's the economics of it. The watch is not really worth

0:17:34 > 0:17:37spending the money it's going to cost you to repair it.

0:17:37 > 0:17:41So, I mean, I'd imagine you'd say the scrap gold value, isn't it?

0:17:41 > 0:17:43I mean, I can give you a rough idea of how much that would be

0:17:43 > 0:17:46in terms of just the gold value.

0:17:48 > 0:17:51So, basically your gold value there's £75,

0:17:51 > 0:17:53but that would be if you wanted to just sell it

0:17:53 > 0:17:56for the scrap gold value. That is what it would be.

0:17:56 > 0:17:58Could you let me think about it for a while?

0:17:58 > 0:18:00You'll most likely see me again soon.

0:18:00 > 0:18:02- There we are, sir. - Thank you very much.

0:18:02 > 0:18:05Not quite the £500 he'd hoped for,

0:18:05 > 0:18:08but George always looks on the bright side.

0:18:08 > 0:18:12Told you you can't lose out when it comes to genuine gold prices,

0:18:12 > 0:18:14always will be in the money.

0:18:14 > 0:18:19Another £5, I'd probably accept the money there and then.

0:18:19 > 0:18:21So maybe, perhaps next month, I'll come along again.

0:18:21 > 0:18:24Gold prices could go up,

0:18:24 > 0:18:27so that's how to go about wheeling and dealing.

0:18:33 > 0:18:37When it comes to wheeling and dealing, Gerry Senior is the master.

0:18:39 > 0:18:43I started off with nothing at all and you've got to stick at it,

0:18:43 > 0:18:46and you've got to work at it and keep going

0:18:46 > 0:18:49and you've got to try and learn as much as you can.

0:18:50 > 0:18:53- Hiya, Dad.- How are you doing?

0:18:53 > 0:18:56His latest wheeze is a load of silver that cost him two grand

0:18:56 > 0:19:00but he's going to show Sammy how to turn a quick profit.

0:19:00 > 0:19:02- I like these ones. - Some damage on some of them.

0:19:02 > 0:19:05- They're unusual, aren't they? - Don't forget when you're my age,

0:19:05 > 0:19:06they're going to be even rarer.

0:19:06 > 0:19:09That's a lovely set, that, isn't it? Look at it.

0:19:09 > 0:19:10It is nice, it's unusual, isn't it?

0:19:10 > 0:19:12The hallmarks are all there, look at them.

0:19:12 > 0:19:15It's a tragedy to scrap anything like that.

0:19:15 > 0:19:19- Yeah, definitely.- That's beautiful. Look at the workmanship in that.

0:19:19 > 0:19:21How do you know they're silver?

0:19:21 > 0:19:24Well, it's all the lovely hallmarks on them.

0:19:24 > 0:19:26Gerry knows he can get his money back

0:19:26 > 0:19:29just by melting the silver down, but he's aiming much higher.

0:19:29 > 0:19:32That won't polish out, I don't think.

0:19:32 > 0:19:36Yeah, I've got a guy I know, they've been going 150-160 years.

0:19:36 > 0:19:37Barraclough's.

0:19:37 > 0:19:40His great-great-great-grandad started it

0:19:40 > 0:19:43and they're in the same premises, and they've got the same machinery.

0:19:43 > 0:19:45Can you take me there?

0:19:49 > 0:19:54Coin collector Eddie is also hoping to cash in on his silver.

0:19:54 > 0:19:57I tell you what, they're nice, aren't they? That's lovely.

0:19:57 > 0:19:58That's the last Concorde.

0:19:58 > 0:20:01- I actually went on Concorde, you know.- Did you?

0:20:01 > 0:20:05I tell you what, that's quite a library you've got of coins.

0:20:05 > 0:20:09You've got some lovely ones, haven't you? All pure silver.

0:20:09 > 0:20:12- They're all silver.- Right, you say this is probably valued

0:20:12 > 0:20:15- at about what, six grand? - £6,922.65.

0:20:15 > 0:20:18I've had to stop collecting cos when I retired, that was it.

0:20:18 > 0:20:23- OK.- Money dried up and I can't afford to keep collecting.

0:20:23 > 0:20:26Well, I'll do my best for you,

0:20:26 > 0:20:28see what kind of figure we can get to

0:20:28 > 0:20:31- and if we can, we can do some kind of deal.- Sure.- That be good?

0:20:31 > 0:20:35- Yeah, yeah, but I won't let it go for just nothing.- No, no, no.

0:20:35 > 0:20:38Good man. Give you a bell probably tomorrow afternoon or something.

0:20:38 > 0:20:42- Thanks, Eddie, I'll be in touch. - Thank you. Cheers.

0:20:44 > 0:20:46Very nice.

0:20:48 > 0:20:52Karl's lined up a buyer, coin expert Keith.

0:20:52 > 0:20:55OK, Karl. As you can see, a lot of these coins in these boxes

0:20:55 > 0:20:57are all the same sort of size, really.

0:20:57 > 0:21:01They'll all be .925 or .99 silver.

0:21:01 > 0:21:05To be honest, they're all very, very modern, you know,

0:21:05 > 0:21:09so all these US dollars are all 1990s or 2000s.

0:21:09 > 0:21:12Same with all these coins, they're all very, very modern

0:21:12 > 0:21:15and so really they haven't had a chance to appreciate in value

0:21:15 > 0:21:18- and they are produced in very large quantities.- OK.

0:21:18 > 0:21:21I mean, you've got things like this produced by the Royal Mint,

0:21:21 > 0:21:25beautifully presented, get a certificate of authenticity,

0:21:25 > 0:21:29they look really nice, but this is going to be worth about £100

0:21:29 > 0:21:32but I'll guess it's probably cost him 250, something like that.

0:21:32 > 0:21:34Personally I wouldn't be paying a great deal more

0:21:34 > 0:21:36than the scrap value for these.

0:21:36 > 0:21:39We can really ascertain some kind of price very quickly on that, can't we?

0:21:39 > 0:21:43He's got 239 silver coins.

0:21:43 > 0:21:47- He's told you the weight. 4,669 grams.- At 54p a gram.

0:21:47 > 0:21:51So, we're about £2,500.

0:21:51 > 0:21:54- So it's cost him... - He's paid £6,900.

0:21:54 > 0:21:55Nearly £7,000, you see.

0:21:55 > 0:21:58He's got a loss of £4,400.

0:21:58 > 0:22:00You're never going to make any money out of it

0:22:00 > 0:22:04- unless you're going to keep them for 30, 40 years.- Yeah. What a shame.

0:22:06 > 0:22:09Time to ruin Eddie's day.

0:22:09 > 0:22:11I've got some news for you on the coins.

0:22:11 > 0:22:13OVER PHONE: 'Right.'

0:22:13 > 0:22:16And I think it's somewhat a lot less than what you've paid.

0:22:16 > 0:22:19Obviously, we knew there might be a certain amount in drop.

0:22:19 > 0:22:22'Sure, I never expected to get what I paid for them anyway, like,

0:22:22 > 0:22:24'but I didn't want to take too much of a loss on them.'

0:22:24 > 0:22:27He's come back at a valuation, what he's prepared to pay,

0:22:27 > 0:22:29of £2,800.

0:22:29 > 0:22:30'How much?'

0:22:30 > 0:22:32£2,800.

0:22:32 > 0:22:35'Oh, no, I wouldn't let them go for that, no.'

0:22:35 > 0:22:38No, I know that. What he actually did say is to keep it

0:22:38 > 0:22:40and within time they would increase in value.

0:22:40 > 0:22:43Whether they'd increase in value enough towards the figure

0:22:43 > 0:22:47that you would like to take for them, I don't know.

0:22:47 > 0:22:50'Yep, yep, all right, then, Karl. I'll see you a bit later, then.'

0:22:50 > 0:22:52- Thanks, Eddie.- 'OK.' - See you soon.- 'Cheers, mate.

0:22:52 > 0:22:54'Bye now, bye.'

0:22:54 > 0:22:58So there we have it, then. I didn't think he'd accept that.

0:22:58 > 0:23:01Not a shock to him. Well, shock to him in price,

0:23:01 > 0:23:05but I don't think it's a shock to him, he's not going to sell them.

0:23:05 > 0:23:07You win some, you lose some.

0:23:13 > 0:23:16Will Gerry's bucket of silver be any more valuable?

0:23:16 > 0:23:19Paul, the silversmith, will decide.

0:23:19 > 0:23:22We've got a few little surprises here for you to look at.

0:23:24 > 0:23:27Yep. It's been repaired quite a few times before.

0:23:27 > 0:23:31This is full of solderware where the mount's come away.

0:23:31 > 0:23:33It's buckled out of shape and if you look down the piece,

0:23:33 > 0:23:37you would not hammer and get that back into a flat.

0:23:37 > 0:23:40It's worth £1,000 scrap.

0:23:40 > 0:23:43If you spent £500 on it, you'd never get that back.

0:23:43 > 0:23:46- It's still only worth £1,000. - It's still only worth £1,000.

0:23:46 > 0:23:50Now, there's one damaged in here, Paul.

0:23:50 > 0:23:52I don't know what style these are what are they,

0:23:52 > 0:23:56- they're pretty modern, aren't they? - They're modern.- Are they?

0:23:56 > 0:23:58Extremely modern.

0:23:58 > 0:24:00Somebody at college or at night school has done it.

0:24:00 > 0:24:03OK, so it's something like that, it's not of any real value.

0:24:03 > 0:24:05It's not worth any value whatsoever.

0:24:05 > 0:24:08OK, that's one thing now.

0:24:08 > 0:24:12Now here we are, I wonder what you think of this one.

0:24:12 > 0:24:14- Nicely chased, nicely made. - When you say nicely chased,

0:24:14 > 0:24:16what do you mean by that?

0:24:16 > 0:24:20This is the embossed work which is knocked up from the back with a tool

0:24:20 > 0:24:22and then chased back with tiny tools,

0:24:22 > 0:24:25which was a trade on its own

0:24:25 > 0:24:30but now I think there's maybe one part-time chaser left in Birmingham

0:24:30 > 0:24:32so chasing is a thing of the past.

0:24:32 > 0:24:35Blimey. Right, Paul, we've weighed that up and we know scrap value.

0:24:35 > 0:24:39It's about 800 grams so that'll be about 400 quid.

0:24:39 > 0:24:40£400 to go in the scrap pot.

0:24:40 > 0:24:43- It's one for the pot. - It's one for the pot.

0:24:45 > 0:24:49So far, it looks like Gerry is only breaking even

0:24:49 > 0:24:53but his son Gez is facing a big loss.

0:24:53 > 0:24:58He lent £10,000 on two Cartier watches

0:24:58 > 0:25:01but he can't sell them for more than six grand.

0:25:04 > 0:25:08Karl's come along to see if he can do any better.

0:25:08 > 0:25:09How are you getting on? You all right?

0:25:09 > 0:25:13- This is my brother Gerald. - Gerald, nice to meet you.

0:25:13 > 0:25:16Got two little beauties here for you to have a look at.

0:25:16 > 0:25:21Some 18 carat gold Cartiers. That's nice. What have we got here?

0:25:21 > 0:25:24- Got a fully-loaded one. - All the stones.

0:25:24 > 0:25:28- After set, not original.- They are, yeah. Well, no, that's right.

0:25:28 > 0:25:31OK, that will reflect the price a little bit.

0:25:31 > 0:25:35The setting's all right, but it's not done by Cartier.

0:25:35 > 0:25:39They're both fine, though. They're good saleable watches.

0:25:39 > 0:25:40What are you looking for, lads?

0:25:40 > 0:25:41I want your best.

0:25:41 > 0:25:44Come on, tell me the figure. What are we close to?

0:25:44 > 0:25:46Between 8 and 9K.

0:25:52 > 0:25:548,500. 8,500.

0:25:54 > 0:25:568,8.

0:25:56 > 0:25:598,7. There we go. Come on, have a deal.

0:25:59 > 0:26:02We'll go for another 50 on top of that and we've got a deal.

0:26:02 > 0:26:068,750. Go on, then. We'll have a deal, Karl.

0:26:06 > 0:26:09It's a pleasure, you're a gentleman. Cheers, lads.

0:26:09 > 0:26:11- Thank you very much.- Appreciate it.

0:26:11 > 0:26:12Can you give us a cheque, then, please?

0:26:12 > 0:26:14And we'll be out of here.

0:26:14 > 0:26:17- OK, no worries, leave it with me. - Good man.

0:26:17 > 0:26:23I think we did OK. And I'm happy, are we happy?

0:26:23 > 0:26:28They're still 1,000 down but it could have been much worse.

0:26:28 > 0:26:32Thank you very much. See you, Terry. Thank you. Take care.

0:26:34 > 0:26:37- Good day, eh? Let's go to the bank. - Come on, then.

0:26:41 > 0:26:44Meanwhile, back at the silversmith's,

0:26:44 > 0:26:47Gerry's pinning all his hopes on a tea set.

0:26:47 > 0:26:50I mean, what age would you think that would be?

0:26:50 > 0:26:53It's a perfect Art Deco four-piece tea set.

0:26:53 > 0:26:56Minimal damage, so yeah, that's saleable.

0:26:56 > 0:27:00- That's saleable. - Yeah, it's worth keeping as it is.

0:27:00 > 0:27:02What do you think to get it away where, you know,

0:27:02 > 0:27:04somebody would be interested in it.

0:27:04 > 0:27:07Anything under £2,000

0:27:07 > 0:27:11then it should fly out, you know. It's a collectable piece.

0:27:11 > 0:27:13Oh, that's really nice to know, yeah.

0:27:13 > 0:27:18That means a £1,500 profit. Not bad for a bucketload of silver.

0:27:18 > 0:27:22After your advice, Paul, the way I will go with this,

0:27:22 > 0:27:24I'll keep the Art Deco set,

0:27:24 > 0:27:29I'll scrap the tray and the tea pot and the goblets.

0:27:29 > 0:27:31I thought from looking at it at the beginning

0:27:31 > 0:27:35that the teapot and the plate would be the most collectable item

0:27:35 > 0:27:39- and it's actually that one.- Yeah.

0:27:39 > 0:27:42You've heard the expert. You can't get better than that.

0:27:42 > 0:27:45The daddy of the deals has done it again.

0:27:45 > 0:27:49Sammy, that's one of the best educations you'll ever get

0:27:49 > 0:27:50from a top expert.

0:27:50 > 0:27:53And this is what it's all about, doing your homework.

0:27:53 > 0:27:56Next time...

0:27:56 > 0:27:59two neighbours with a golden friendship...

0:27:59 > 0:28:03I'd had a big operation and Maggie made me laugh and split a stitch.

0:28:04 > 0:28:06..one dad in a sticky situation...

0:28:06 > 0:28:08My son never had any nappies

0:28:08 > 0:28:11so I had to actually get the nappies and get some wipes as well.

0:28:11 > 0:28:14..and Karl's on the horns of a dilemma.

0:28:14 > 0:28:15She's owing nearer £3,000

0:28:15 > 0:28:19and I think we need to get some clarity on what she might be doing.

0:28:45 > 0:28:47Subtitles by Red Bee Media Ltd