Your personal info and us

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OK, this is a little bit inside baseball,  but in the age of digital promiscuity, everybody should be interested in who gets their personal data and why.

A chain of New York pawnshops is suing the New York police for $61 million in a dispute about a national pawn reporting database.

According to the New York Post, the cops want to force the pawnshops to hand over their customer information to a company called LeadsOnline.

Gem’s owners say they stopped using the Texas-based LeadsOnline because they feared the service violated federal privacy laws, which they are required to follow.

 

At Kamaaina Loan, we’re concerned, because the Honolulu police have been trying to persuade the state Legislature to force island pawnshops to also participate in a national database (the big ones are LeadsOnline and BWI).

Long before Leads or BWI, Kamaaina Loan set up the first Internet reporting service, which lets Maui police see what items we have taken in on a pawn loan or a sale. The local cops can match this list with any information they have about stolen goods.

If there’s a hit, the police can 1) come pick up the allegedly stolen goods; and 2) find out the name, address, phone number, driver license number (or other ID), and thumbprint of the person we obtained it from.

This is, we believe, a useful protection for honest customers and for ourselves.

But we are very worried about what happens if some national or international ” big data” company is given access to our records. They won’t say what they do with the data. Who they sell or give it to. Or why.

We believe our sales records should go to the local police. It’s required by state law. But we don’t think it should go any further.

Other pawnbrokers, like Gem in New York, agree.

 

If that’s a 4-foot-long catfish, we must be in Indiana

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An Indiana pawn shop has started a reality TV show about itself for local cablevision.

Early submissions were a large stuffed catfish and a phony check not written, as claimed, by George Washington. Sounds interesting.

In case you’re wondering about the reality pawn show that Kamaaina Loan auditioned for in October, things are progressing. The “sizzle” (TV lingo for a short sampler used to try to interest producers in watching a longer pilot show) has been turned down by several networks but not all. Several appointments are scheduled in the next few weeks to keep hunting for a home.

We had a great time meeting folks who brought their unusual treasures to us for our sizzle to promote a Maui pawn reality show

No, no, no, not that kind of stuffed catfish

and are grateful no one asked us to place a value on a stuffed catfish ($450 in Indiana). A stuffed marlin we could have dealt with.

A more elevated view

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Funny thing how climbing the county building from the eighth to the ninth floor changes the view so much.

Mayor Alan Arakawa has an excellent summary in The Maui News about “Now is the time to fix the water system.” As this blog noted in February, we should welcome water rate increases, because the time to have begun fixing what ails the Department of Water Supply is not now but years and decades ago.

For all that time, the County Council wouldn’t raise rates to levels sufficient to maintain the system. And Mayor Alan Arakawa was no different from the rest of the council in that respect.

Now he has got religion, and a good thing, too. It also appears that at least some other members of the council are coming around to the understanding that the water system doesn’t repair itself.

Right now, I get all the water I can use delivered to my house for less than the cost of a can of soda each day, so even a doubling of water rates isn’t going to break the banks of any but the destitute.

It may help, too, that the department has moved to monthly billing. We’ll have to write twice as many checks but for half as much each, which should ease the sticker shock.

For a generation at least, Maui County has had the lowest water rates in the state. It is not something to be proud of.

 

 

 

Pawn 101: We buy (almost) anything

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So when a customer walked in with a box of old cannon balls and shells, Kamaaina Loan shelled out, so to speak.

Old ordnance has collectible value, but it takes an expert to identify the many varieties.

The collection we have is from the Civil War period and includes a Parrott shell (which was used in a cheap cannon that had a tendency to explode), some round shot and a mortar bomb filled with Minie balls (which are not balls but cylinders) rather than the usual round grapeshot.

As collectibles, cannon balls have the advantage of not needing gentle handling, unlike, say, Meissen china. On the other hand, shells, if filled with powder, can be dangerous. All ours are either solid cast iron or disarmed, so no worries.

In a pawn shop, you never know what will come through the door next.

 

Why we should welcome water rate increase

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Alan Arakawa has got religion when it  comes to water rates. When he was on the County Council, he, along with all the other members, thought it best to keep water rates as low as possible. So when the semi-autonomous Board of Water Suppply (as it then was) came in with requests, the council would take pride in holding rates down.

As a result, the water system deteriorated.

It’s a rule of thumb that businesses ought to spend about 3% of the value of their physical plant in maintenance each year. More if you’re an airline, maybe. The reasoning is that most things you own last about 30 years.

Cars don’t last that long, but water pipelines last 50 years or more before needing to be replaced.

So if your water system is worth around a billion dollars — which is a fair guess at the value of Maui’s public system — you should be spending $30 million, give or take, just on replacing and repairing your pipes, trucks, treatment plants, computer systems etc.

In recent years, the department has spent at that rate, or better, but for decades and decades, the entire operating budget hardly equaled 3% of the value of the plant. So there’s lots of catching up to do.

Whether the 5% rate increase the mayor called for in his State of the County message is the right amount is up for discussion, but at least the necessity for greater spending on maintenance is getting through to the ninth floor. It will be interesting to see whether the eighth floor gets it.

Been there, done that

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From the Gainesville Times.com, a story about a new ordinance that requires pawn shops to take a picture and fingerprint of customers pawning or selling items, and to make a daily electronic report to the local police.

“We have already begun seeing results that are a direct correlation to this ordinance,” police spokesman Cpl. Kevin Holbrook said.

 

The idea is to make it harder to fence stolen goods.

It’s not a new idea. In fact, Kamaaina Loan was the first pawn shop in the country to make electronic reporting available. For Kamaaina Loan, it was voluntary. Our custom software, pawnreport.com, has for more than 10 years provided Maui police a registry of every item we take in.

Unlike years ago, officers don’t have to come down in person with lists of stolen goods. They can survey our warehouse from their offices.

In Hawaii, pawn brokers and secondhand dealers are required by law to take fingerprints and copies of identification (usually a driver’s license) from sellers. It’s a law that is widely disregarded, especially by secondhand dealers.

They are not required to make electronic registries of purchases or pawns available to police.

You, the customer, should deal only with dealers who do demand ID and thumbprint.

Only the most ignorant of criminals try to fence stolen goods at our pawn shop. If their victim has filed a police report, and we have the goods, then we also have the name, address, photograph and fingerprint of the criminal.

Police love it when that happens. It makes their job so much easier.

SCOTT ROGERS/The Times
Pappy’s Pawn owner Gus Marroquin, right, helps Alejandro Serrano with the purchase of a smartphone at the Browns Bridge Road pawnshop.

 

Pawn 101: The most common bad news

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According to examiner.com, the most common bad news answer that the Pawn Stars stars give to customers is:

 “The customer’s ‘Sterling Silver’ flatware is actually plated.”

At Kamaaina Loan, the most common answer the customer doesn’t want to hear is probably, “Not for me.”

And it probably applies more to tools or electronic equipment than to flatware.

The deal is, it doesn’t make sense for a pawnbroker to lend money on (or purchase) anything that doesn’t have a ready resale value. “Ready” is a relative term. For collectibles and art, a ready market might take years to develop.

For power tools, which we see a lot of, a ready market means turnover in weeks, or at most a few months.

For electronic equipment, stuff that still works perfectly might not be worth a dime — games and game players from a couple of years ago usually have very small value in the market, if any. Older cellphones are another item that depreciates fast because newer models keep pushing them into the background.

The market is what it is. We don’t do much in the fur coat line, because who on Maui would we sell a fur coat to? On the Mainland, the coat might do better.

Plated silverware is usually (but not always) practically worthless, because the film of silver is so thin. Underneath is scrap iron, worth a penny a pound.

But you have to check. There are a few (very few in the case of plated eating utensils) models that have collectible value.

Which is why the No. 1 all-time response we give to customers who call is, “Bring it in.”

Until we see it and handle it and examine it, we cannot put a value on it.

We can tell you what silver is worth — $30.82 cents an ounce in New York as this is typed, but that’s for Comex-deliverable silver, which is a strange beast of great purity. Sterling is silver mixed with other metals (for durability), so it is worth less.

But a silver dollar — even if it is a Susan B. Anthony silver dollar without any silver in it — it always worth a dollar.

 

Tales from a Pawn Shop: Our coin maven visits

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One event we at Kamaaina Loan look forward to each year is Dennis Ryan’s winter visit to escape the snows of his home in Albany, New York.

Dennis is a man of many parts. During his two months or so on Maui, he consults on archaeological digs, visits antique dealers (“They’re all disappearing” on Maui) and sorts through a year’s accumulation of strange and oddball coins and paper money for us.

He is also an expert in African art, works on the archaeology of the Erie Canal, and holds a master’s degree in Russian history — for which he wrote his thesis in French. There’s never a dull moment when Dennis is around.

Over the course of a year, the pawn shop accumulates bags and envelopes of hard-to-identify coins. Typically, we buy somebody’s collection based on one or a few valuable coins, and along with it comes a plastic bag of odds and ends.

We rely on Dennis to spot the unusual rarities in this pile of junk. This year, we presented him with a large shoebox of coins.

He’s still working his way through it, but so far this trip his prize find has been a J.F. Souza merchant token.

Souza had a shop on Luso Street in Honolulu. Shopkeepers in Territorial days would pass out brass tokens as advertising and promotions, or to use in slot machines, or sometimes as a form of store credit — like today’s gift card. (These tokens still exist; think of the Maui Trade Dollar.)

The token Dennis found — and it was in a jumble with a bunch of dross, so we don’t know where it came from — is not dated, but it must be from the earliest Territorial days around 1900, since the store credit it offers is for “half a cent.”

Metcalf and Russell’s “Hawaiian Money,” the standard reference, considers the Souza token among the most valuable of the island commercial tokens, along with the Lunalilo Home and St. Francis Hospital radio tokens — a generation ago, these were valued at $100. Recently, one sold for $150. Only the very first, the Hawaiian Gazette Co., and one or two other Hawaii tokens are rarer.

The Souza token is by no means the most valuable coin Dennis Ryan has rescued from the junk pile, but the reason we value his visits is not the money he finds. It is the stories.

Some of the interesting finds are worth nothing. Monday, for example, his eagle eye spotted a faked Liberty dime. He immediately noticed the bronze showing through the silver plate. At the end of each visit, Dennis accumulates a small stash of counterfeits and fakes.

About 99% of the shoebox was uninteresting coins: some contained enough silver to be worth melting down; some still pass current (you can spend them, if you’re in the right country); and some are worth from half a buck to a dollar to a collector. That accounts for about half.

The other half end up in the scrap metal pile.

Dennis Ryan sorts coins

 

 

 

 

 

 

Maui clout

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Twenty-five years ago, Maui County was riding high in the state Legislature. Mamoru Yamasaki was chairman of the Ways and Means Committee in the Senate, and Joe Souki was speaker of the House.

State government thought it was rich, because of $500 million a year in payments from Duty Free Shoppers, and the political word was that this would be the last time that Maui, or any Neighbor Island, would be so well placed to get state funding for local projects. Once the unusual combo of Yama and Joe ended their dominance, Oahu would take over.

And for a generation, so it seemed.

Then, one month ago, it looked like 1988 all over again. Well, almost. Souki was slated to be speaker again, after some years on the outs with Democratic House leadership. Yama had passed away, but young Shan Tsutsui would continue as Senate president.

Then Dan Inouye died. Brian Schatz was appointed to the U.S. Senate, and Tsutsui accepted an appointment to replace him as lieutenant governor.

So, although Maui County came within days of regaining its legislative clout, suddenly it dissolved.

Of course, DFS is out of the picture and the state no longer thinks of itself as flush. Gil Keith-Agaran, who is nominated to move up to the Senate; leaving a hole in the House leadership where he had a shot at majority leader.

So it remains to be seen how well Maui County will do in the jockeying for state funding, especially for CIP (capital) projects. Keith-Agaran notes that since the days of the Yama-Joe duo, the budget has been restuctured so that CIP is rolled into the overall spending program.

Maui County would dearly like to return to the days when the state picked up a big part of water, solid waste and sewage treatment obligations; but the outlook for that looks slightly less rosy than it did late in 2012. 

 

Torn limb from limb

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If it seems like there have been a lot more power outages since Thanksgiving than in a normal early winter, you’re right, there have been. Today alone, MECO reports outages in Molokai and Lahaina; and yesterday there were more power failures Upcountry.

Some of this is unavoidable. When winter comes, rain returns and salt spray that has built up deposits on insulators during the dry season (even, sometimes, well away from the ocean) becomes wet and “flashes over.” A program of washing down insulators can help but has never entirely eliminated this source of power outages.

Most outages this year, though, apparently are from falling limbs. Some of this is beyond MECO’s control. Today the county closed Piiholo Road because eucalyptus trees had blown down across the road.

However, MECO used to have an aggressive program to identify which trees would, within the next five years, grow big enough to be vulnerable to winds and likely to interfere with power lines. Lumberjacks went out and preemptively removed and reduced those trees.

It looks like MECO needs to ramp up that preventive maintenance.