What Is A Pawn Shop?
It’s a unique place with a wide variety of merchandise at big savings. Good value at a good price. Vast savings on outstanding merchandise. Bargain basement and closeout prices everyday. Where can you find this and much, much more? At your local pawn shop. If you are interested in saving money and finding great values, the pawn shop is the place for you. 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 guy selling out of a van on the side of the road. Today’s pawn broker knows his business is only as good as his repu
You see them around town and you wonder just exactly what is pawnshop, how do they work, and why are they becoming a more common and credible place? But…you haven’t asked! Well, to answer your question, let’s look at the history of pawnshops. Pawnshops 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 pawnshops. The sign of the House of Lombard was three golden balls, and this sign was associated for years with the pawnshop industry. The pawn industry came to America with the first settlers, and in the early part 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 pawnshop is no longer the major source of consumer credit. In our current economic situation, the pawnshop plays an essential role in providing all indi
