In the Pawnshop Industry Training Is a Must

Pawnshops in the Philippines are still poised for more expansion. This is on top of the very large growth in the pawnshop industry over the last several years.  This is partly because of the demand for financial services that pawnshops provide. Filipinos who do not have access to banks and other lending institutions can go to a pawnshop and receive cash for a hard asset in a few minutes rather than trying to go to the bank for a loan.

This growth in the pawnshop industry represents new jobs, new opportunities and new challenges. For an individual looking to get started in the pawn industry this is an opportunity to get a new profession. For the owners of pawnshops it raises the challenge of making sure that their assessors are properly trained.

Training will be an important component of the pawnshop industry in years to come. An individual that has training will surely be hired to a position before one that doesn’t have training. And an individual will also surely find it easier to move into a higher position if they have the proper training. For pawnshop owners, the challenge is to make sure their staffs are properly trained to avoid costly mistakes

In today’s world, pawnshops see more electronic instruments like cell phones than in the past and less jewelry. Yet the ever rising prices for precious metals make appraisal for gold and silver just as important as it ever was. The last thing a pawnshop needs is a bad appraisal on precious metals.  This is where the training comes in.

Training is the process of developing skills in order to more effectively perform a specific task. It emphasizes achieving a certain level of skill attainment. And the goal of training is to teach someone to be able to successfully perform a procedure such as appraising jewelry for its gold content or appraising a diamond for its karat value.

Of course, training costs money.  And whether it is an individual student or a pawnshop that is paying for a training course there is always a cost benefit analysis to perform. An individual must ask him/herself will this training benefit me and, in the end, will I get more out of it than I put into it? If a pawnshop is thinking of training its staff, they must also determine if the training will add to their profit margin. In other words, no one pays for training just to spend money. There has to be a benefit from it.

First, for an individual looking to get started in a new career, I believe training in pawnshops skills is training in the right industry. The job growth is there to make the training valuable.

Second for an established pawnshop, the growth of the industry and rising precious metals prices make training a must. A pawnshop that makes incorrect appraisals is a pawnshop that won’t be around long.

This is where the training from MIM Pawnshop Skills and Services outperforms its competitors. My training is part lecture but very much a hands-on course that takes the student from the beginning to the end of a procedure. I believe in the hands-on method where the more you practice a skill the better you get at it. Some may believe that is old-fashioned but in my experience it works best. After a hands-on training course the students come away with better skills than an all lecture course.

I go over the material as often as is necessary and I am always there to guide and answer questions. I have been in the pawnshop industry my entire adult life and  I take pride in teaching the procedures that have worked for me throughout my career.  I know these procedures will work for you. Finally, I take the right amount of time on a subject and cover the points necessary to perform proper appraisals of gold and diamonds.

If you are interested in getting into the pawnshop industry, my training will help get you started. If you are an established pawnshop, training your staff with my courses will lead to more accurate appraisals that go to your profit margin.

In either case, don’t hesitate to contact me for details.

MIM Pawnshop Skills and Services Appraisal training courses include but are not limited to:


  • Tools and equipment and the art to use
  • Distinguished the different “ KARAT “ fineness in gold
  • Procedure in testing gold
  • Procedure in appraising gold
  • Formula in computing the conversion of troy ounce into grams
  • The computation of gold volume per karat per gram (loan value /market value)


Maria Gracia Pawnshop Successful Professional Appraisers

Being evaluated as to the accuracy in the procedure for appraising jewelry.

Graduation Day! February 28, 2010

Enhance your Knowledge in Gold and Diamond Appraising. Be a Professional Pawnshop Appraiser.

Most pawnshop appraisers get in to a pawnshop industry with ZERO knowledge. They learned the skill from an experienced appraiser to the other. To be a professional appraiser, you should learn the right knowledge on the skill – gold and diamond appraising – Theory, art to use pawnshop tools, accuracy in the procedure, accuracy in appraising and public relations – Makes it PERFECT to be a professional one..Upgrade your knowledge now!  Enhance your expertism  in the field.


The following are the list of branch personnel of Maria Gracia Pawnshop who just graduated and finished the complete course on GOLD and DIAMOND.  

1.) Antinero, Jay – Urdaneta branch            2.) Barroa, Marwin – PPM branch         3.)Bunda,Richard – Signal branch

4.)Cadion,Rolly – Maharlika branch             5.) Casal,William – Balayan branch      6.)Dahon,Ludimar – Waterfun branch

7.)Dalundong, Edward – Sta.Cruz, Laguna branch       8.)Dime,Mirasol – Lemery branch

9.)Domingo,Rosie – Cainta branch             10.)Elbao, Oliver – Candon branch       11.)Cubangco,Leonila – Taytay branch

12.)Jarven, Saguin – Mariveles branch     13.)Lopez,Brenda – Tuktukan branch  14.)Luceñara,Ma.Lester – Relocation

15.)Vitudio,Ray – Tanay branch

As well as the Operations manager  :  Mr.Robert Del Agua       and       on Audit   :   Mr.Sonny Juanico

My Congratulations to all the graduates!!!   All of them were hired in the pawnshop with ZERO knowledge on the skill. They were just taught from one experienced appraiser to the other.  MIMPSS  taught them the theory and the right procedure in testing gold and diamond for them not to experience anymore accepting FAKE items. It is also important for them to learn the art in using the pawnshop tools, the accuracy in the procedure on testing the jewelry and the personal relationship to pawners for them to be called a “Professional Appraisers.” 

All the fifteen (15) graduates can now be trainors of the different branches of the Maria Gracia Pawnshop.

GOOD LUCK to the new professional appraisers of MGP!!!

A Congratulatory Note

MIM Pawnshop Skills and Services congratulates Rolando Aldana and Alvin Medina upon completion of  MIM’s gold appraisal and diamond appraisal courses this week.

MIM Participates in the Pamilyang OFW-SME Network Foundation, Inc. Job Fair

Empowering the OFW & SME families through Information, Opportunities, and Benefits


Event Sponsor: Pamilyang OFW-SME Network Foundation, Inc.
Event: Pamaskong Handog sa Pamilyang OFWs at MSMEs
Held at: Megatrade 3 , SM Megamall , Mandaluyong City
Date: Dec. 27 & 28 – 2009
Time: 10am – 9pm 

MIM pawnshop Skills and Services was invited to the event by Maricris and Cristine – organizers of the Pamaskong Handog sa Pamilyang OFWs at MSMEs.  I was asked to share with the OFWs and SME families about my knowledge jewelry appraising and pawnshop operations. The foundations main purpose is to help upgrade the knowledge of the OFW families and SME (small and medium entrepreneurs) and encourage entrepreneurs of the community. During my presentation I gave away 10 free certificates for MIM’s  jewelery appraisal courses. 

The event was held last Dec.27 and 28 of 2009 at the Megatrade Hall 3,SM Megamall in Mandaluyong City. The event was set-up with participant’s booths in order for guests to make the rounds round and get brochures from different kinds of businesses that they would like to enter into. There were lots of participants present like COPE (Institute for Career opportunities & Programs for Empowerment, MORINGAlicious, Lins Refilling Station, MT Tutor Online (MTTO), Health Care’s Bio-healthcare, ULTIMA Entrepinoy Forum Center, MIM Pawnshop Skills and Services, and a lot more. Many Philippine newspapers like the Abante Tonite, Abante, Daily Inquirer, Manila Bulletin and more were also there. 

On the morning of the first day, December 27, 2009, my son Mark, his friend  and I set up the MIM pawnshop Skills and Services booth to be ready to distribute MIM’s brochures to interested people. The official event started singing the National Anthem and then the speakers presentations began. After each ones talk a there was a raffle draw from each participants and they are from time to time promote the business of the participants. 

I was the last speaker on Sunday  to my surprise the audience, even after listening to a full day of speakers, was very interested in what I had to say. I displayed to them some of the tools that i had brought and briefly explained some of the procedures I use to certify jewelry. During the talk I gave away 10 free MIM hands-on one- day courses that cover both gold appraisal  and diamond appraisal for which the participants will receive certificates. 

On the second day,  December 28th, I had a lot of interaction at my booth as the event’s participants strolled by. It was a great two days for MIM. I have had a lot of good feedback from the event and made some good contacts and I am excited about the upcoming training for those who won the free courses. 

I would like to thank the Pamilyang OFW-SME Network Foundation,Inc. for inviting me to attend.