History of Pawn Shops
You see them in the various parts of town and you have been wondering just
exactly what is a pawn shop, how do they work, and why are they becoming
more common place? But you haven't asked.
Well to answer your question, lets look at the history of pawn shops. Pawn
shops date back to ancient times and are one of the earliest recorded lending
institutions. During the late middle ages the House of Lombard in Europe had a
group of pawn shops. The sign of the House of Lombard was the three golden
balls, and this sign was associated for years with the pawn industry.
The pawn industry came to America with the first settlers, and in the early parts
of this century, pawnbroking was regarded as the main source of consumer
credit. With the rise of large consumer credit institutions, such as finance
corporations, savings and loan associations, and credit unions, the pawn shop
is no longer the main source of consumer credit. But the pawn shop still plays
a vital role in providing consumer credit.
The general public needs to borrow small sums of money that other sources
are not willing to provide, and this resulted in the rise of popularity of pawn
shops. What chance do you think you would have in securing a $300.00 or
smaller loan from a financial institution for a 30 to 90 day period? The cost of
the paper work alone prohibits them from making such loans on a regular
A History of Helping
As mankind’s oldest financial institution, pawn loans can be traced back at
least 3,000 years to ancient China and can be found in the early Greek and
Roman civilizations. We are not trying to invent a new way of helping people to
get credit; we are merely improving it. Although you have probably heard
stories about pawnbrokers before, you just have not recognized it. Throughout
history, pawnbrokers have helped people — all people. Pawnbroking is not a
new practice nor does it target or appeal to just one social class. King Edward
III of England is said to have frequented pawn stores in Europe during the 14th
century. Christopher Columbus’ journey to the Americas was financed by
Queen Isabella pawning the crown jewels. The Bishop of Myra was a wealthy
man who came to the aid of a penniless father of three daughters. Under
customs of the times, the daughters could not wed unless a dowry could be
presented; if there was no dowry, they would assume a life of slavery or
prostitution. The Bishop secretly visited the house of the man and his
daughters at midnight and left three bags of gold for the eldest daughter’s
dowry. This practice would continue until all three children were married. The
Bishop became known as the Patron Saint of Children, and each year children
awaited his arrival at the stroke of midnight to bring gifts of gold. Sound
familiar? He is now known as Saint Nicholas. Spreading generosity and good,
Saint Nicholas is also the Patron Saint of Pawnbrokers. Through the years,
some pawnbrokers have hung three gold balls above their doors to welcome
the spirit of Saint Nicholas and wish good luck to all of their customers.
Pawn Shops-Home for great bargains
Good value at a good price. Get the most for your dollar. Vast savings on
outstanding merchandise. A good deal. Bargain basement and close-out prices
everyday. Where can you find these things and much, much more? At your
If you are interested in saving money, and finding great values, the pawn shop
is the place for you to go. Today's pawn shop has it all. Quality merchandise at
outstanding prices is what the modern pawn shop is all about.
Previously owned merchandise of excellent quality can be found on the
shelves of your pawn shop. Every time a pawn broker loans on an item, he
knows that someday it could be on his shelf for sale. Therefore, he only will
deal in good quality merchandise. Also, the pawn shop is an established
business. The pawn broker is not here today and gone tomorrow like the flea
market, auction sale, garage sale, or the guys selling out of a van on the side of
the road. Today's pawn broker knows his business is only as good as his
reputation, and he wants to maintain a good reputation. It's as simple as that.
The variety in the pawn shop is amazing. Since the merchandise is previously
owned, the number of makes and models of merchandise can almost be
limitless. You just never know what you may find in today's pawn shop.
You may be asking, "Isn't alot of the merchandise in a pawn shop stolen?"
Today's pawn brokers are regulated and licensed by the state to insure they do
not deal in stolen merchandise. All transactions are closely monitored by law
enforcement agencies to see that pawn shop merchandise is not stolen. As
earlier stated the pawn shop is an established business enterprise, not here
today and gone tomorrow. Rest assured that the merchandise you find in the
pawn shop is not stolen.
So what are you waiting for? There is a world of of bargains to be found in your
neighborhood pawn shop. Check it out. You'll be glad you did.
Pawn Shopping is fun
Shopping in your pawn shop is fun. No where else can you find the value, and
the variety offered on the shelves of your pawn shop. There is no other
business like the pawn business, and no two shops are run just alike. the vast
majority of pawn shops are managed by individual owner operators, making
each one a little different from the other.
What can you find in today's pawn shop?
Variety makes visiting a pawn shop an exciting and enjoyable experience. You
never know what you will find. You would have to visit dozens of different retail
stores to find all the different types of merchandise found in a single pawn
shop. Jewelry, silver, clocks, stereos, sporting goods, cameras, musical
instruments, tools, guns, TV's, computers, bikes, coins, appliances are just a
few of the things to be found in the pawn shop.
The list goes on and on. The good thing is that the merchandise in the pawn
shop is always changing. So, whenever you visit your favorite shop, there will
always be something new for you to see.
The variety of brands of merchandise in the pawn shop is also very large. For
example, you are looking for a VCR. Most stores will carry three or four brand
name VCR's, but the pawn shop may have a dozen or more brands. This
makes comparison shopping a breeze. You don't have to drive to several
different electronics stores to find just what brand and model fits your
particular needs. You can comparison shop with all the different things a pawn
Another advantage a pawn shop offers is different model years of
merchandise, often at a vast savings. Some items that aren't the latest and the
greatest model can be found in a pawn shop at a really good price. Everyone
has heard the old saying, "They don't make them like they used to." Sometimes
the only place you can find an item "made the way they used to", is in a pawn
So...make pawn shopping a part of your shopping experience.
Information Compliments of Burrell Printing Co. Inc. Copyright 1998