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Pawnbroking Facts


The Nursery Rhyme “Pop Goes The Weasel” refers to pawning. A weasel is a shoemaker’s tool and to “pop” is to pawn. “That’s the way the money goes… Pop goes the weasel.

Queen Isabella of Spain pawned the crown jewels to finance Columbus’ voyage to America.
Where would be be without that pawn?

The universal symbol of pawnbroking is three gold balls and is one of the most easily recognized in the world. The Medici family in Italy along with the Lombards in England were money lenders in Europe.

Legend has it that one of the Medicis in the employ of Emperor Charles The Great fought a giant and slew him with three sacks of rocks. The three balls or globes later became part of their family crest, and ultimately, the sign of pawnbroking.



Current Facts:

Many pawnshops around the country cater to the likes of actors, producers and directors. Items one may inquire about purchasing include Rolls Royces, 10 carat diamonds, and even jet airplanes.

High quality merchandise such as gold and diamond jewelry, VCRs and musical instruments can be found in pawnshops for about half the price compared with retail stores.


The services provided by pawnshops include:

1. Short-term credit enables the community to pay the bills of other local merchants such as groceries, medical expenses, utilities, auto and transportation to work.

2. Discount Retail (new and pre-owned) is an opportunity for customer to make their dollars go further – it helps other merchants and community by giving them more discretionary funds.