When banks refuse to give loans when
friends and family deny landing money, there is always one option open: Pawn Shop. There are many pawn shops
open nowadays, but not many people know the fascinating truth about the history
of pawn broking.
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Most pawned item according to
pawn brokers
Although pawnshops take anything
which is having value and quality, a majority of pawnbrokers are interested in jewelry.
Jewelry of gold, silver and platinum has different values based upon their
quality, weight and current price. Similarly, brokers accept gems according to
its quality. There is always a risk of value fluctuation while dealing with jewelry.
Over the time, people have been pawn
trade over electronics as well. For example, video games, laptop computers,
television sets, and so on. But, jewelry is still the most popular form of
pawning.
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Pawn broking is not bad
The majority of people hold several
beliefs about pawn shops. People see
pawn business as close work which only serves pawn brokers. There is also a
misconception that pawn work is not possible without getting your hands dirty
each and every time. On the contrary, the history shows something different.
The story about Saint Nicholas is
known for his kindness and different approach to pawn business. There was an
unfortunate man who was having three daughters. All of his daughters were forced into prostitution. Saint Nicholas
came to a rescue for the girls and saved them by giving three bags of gold as a
dowry for marriage.
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The great pawn history about
crown of Queen Isabella
Queen Isabella of Spain, pawned her
crown jewels to save her capital. She funded Christopher Columbus’s very first
journey to the New World. Her ruby and pearl necklace were given to her by King
Ferdinand as a wedding gift and Castile crown. Moreover, it was a belief that
Queen Isabella gave some of her jewels to Columbus and it brought other
investors as well Like, Santa Hermandad police organization. That foundation
provided funding for the Pinta, the Nina and the Santa Marla for crossing the
Atlantic Ocean.
Before the economic collapse of 2008,
the rush was very less in pawn shops.
But, after that time, traffic was upsurge in pawn shops as wealthy people
started trading in with their valuables for loans. Very next year of it, the
History Channel came up with the reality show about Pawn Stars, and it became
the network’s greatest hit with removing all the misconceptions about pawn
broking.
