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� continued from A1 <br />Bargain hunting <br />At Max-It Pawn in Coon Rapids, student <br />Tsuhue Xiong of Ramsey brought in four <br />Game Boys and three video games for <br />"money to get around" with high gas prices. <br />Meanwhile, Melisa Moffitt of Anoka browsed <br />the store looking at iPods for her son. She <br />found a Nano version for $69. '9t's a little <br />scruffetl up, but my son tloesn't care," she <br />said, adding that she started shopping there <br />just recently. <br />A new store, Max-It Sits next to a Green Mill <br />restaurant in a high-traffic commercial area <br />just off Main Street in Coon Rapids. <br />Revenues since it moved three months ago <br />have doubled, according to a coowner. <br />"I've seen a lot more people from all walks <br />of life come into a pawnshop than what I've <br />seen in the last five years;' said Mark Smith, <br />who co-owns Cash-N-Pawn, which operates <br />Max-It Pawn stores in the metro area. "I <br />think the economy is creating more pawn <br />customers that are looking for bargains ... <br />Balancing that, I've seen a lot more people - <br />contractors and other types of trades -- come <br />in for needing short-term financing for <br />payroll and materials, waiting for draws or <br />just because business is slower." <br />Not everyone links growth in the pawn <br />business to [he economy. If Cash America is <br />any guide, the industry has seen a steady <br />increase for several years. <br />The Cash-N-Pawn chain, with locations in <br />Minnesota and stores in Missouri and <br />Indiana, has grown by a double-digit <br />percentage in the past year, Smith said. <br />Unlike many businesses, iYs continuing to <br />expand and hire, Smith said. <br />Rixmann said sales at his chain's stores are <br />up 22 percent so far over last year, which <br />was up 20 percent over the previous year. <br />Loans have gone up 50 percent, but the <br />quantity of loans has not increased <br />significantly, Rixmann said, pointing to <br />higher gold prices and more high-end <br />collateral. Purchases are up about 35 <br />percent and account for a larger part of his <br />business, he said. <br />Andy Strauss, owner of Avi's Pawn & Jewelry <br />in Richfield, said he's seen increases, too, <br />though mostly from people selling their gold. <br />"We've always done well in bad times," <br />Strauss said. The pawn business is an easy <br />way to get a small loan, he said. "IYs another <br />source of income. ... If you don't want to ask <br />your aunt and uncle, and you don't want to <br />ask your friend, where do you get $500?" <br />They can't go to their bank and bring in their <br />jewelry collection to quickly secure a <br />$10,000 loan, he said. <br />n <br />� <br />Max-I[ Pawn customers looked over TVS at the <br />Coon Rapids pawnshop. <br />Staff writer Mike Meyers contributed to this <br />report. <br />Pam Louwagie • 612-673-7102 <br />-�. <br />