Hopkinsville Pawn Shops Fall Victim To Fake Gold - NewsChannel5.com | Nashville News, Weather & Sports

Hopkinsville Pawn Shops Fall Victim To Fake Gold

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HOPKINSVILLE, KY. - Gold is in high demand, with prices estimated around $1,400 per ounce, but buyers beware.

Two pawn shops in Hopkinsville are the latest targets of apparent thieves trying to pass off fake gold as real.

That's why business owners want investigators to take a close look at this recent case because they say when a business is scammed it can trickle right down to the customers.

With shows like Pawn Stars on the History Channel, it's an industry that has gotten a lot of buzz.

Hopkinsville, Kentucky has its very own pawn stars, in the form of Glory Guns and Pawn. With the high price of gold, checking authenticity is critical, and an acid test is one way to do it.

"We're going to put acid on it and it should stay if it's real gold," said Glory Guns and Pawn Manager Rob Schneider. "If it's not real it's going to disappear."

Schneider said last week, a customer came in with a bracelet that passed multiple tests, except the one stores rarely use that requires scratching the jewelry.

Schneider wasn't the only victim, Ron Aldridge with Echo Pawn Shop next door was also fooled, despite three decades of experience.

"It's really good that they are putting out on the streets now, Aldridge. "They've got the color down."

It's a scam that's hurting more than the businesses, but also the fans.

"It makes it harder on us to give out loans," said Schneider. "We'll have to go more indepth to help ourselves and help our clients."

According to Hopkinsville Police reports, the suspects are facing theft by deception charges.

Business owners said there are at least two people they believe are working together, possibly hitting pawn shops nationwide.

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