Category : Loan

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It’s always interesting to know what was responsible for pawn shops.  Is a pawn shop something that has always been around, or was it just invented? When visiting a pawn shop’s website, like Majorpawn, this is something that some tend to wonder, but they never really get the chance to look it up. So, today, we are here to tell you about the history nesting behind those pawn shops we see in almost every town.
How Old are Pawn Shops?
pawnWould you believe us if we told you 3000 years old? That’s right, pawn broking dates back 3,000 years ago and they originated in China. It was originally operated by the Buddhist monasteries, who would loan money to peasants in return for simple possessions. At this time, both interests rates and the time period of the loan were a bit more forgiving, as they would allow up to three years for repayment at an interest rate as low as 3%.
The Symbol and Operations
The symbol for pawn shops in China early on was the shape of a bat holding a coin below it, and that is the same as it is today.    In the West, pawn broking was also operating throughout Ancient Greece and The Roman Empire. In the Middle Ages pawn broking had begun to intrigue a new wealthier clientele with “Lombard Banking,” providing loans to Kings and Queens for such things as funding wars, financing voyages, and even castle renovations. In 1338, King Edward III was forced to pawn his jewels in order to fund the English army to go to war against France's financially backed and military resourced army in the“Hundred Years War.” Although French forces were far superior in many ways, they were stopped and King John of France was forced to accept a treaty. However, his son Charles V was able to reclaim most of the territory lost to the English. In 1415, King Henry V also pawned his crown and jewels to renew the war and conquer Normandy.
First Pawn Brokers
pawnThe Lombards were the first known pawnbrokers in England, and by providing such loans to kings and queens their reach grew throughout the territory. The Lombards were enterprising traders and merchants from Milan and Lombardy, provinces of Italy. They later became known as bankers, money-changers, moneylenders, and of course pawnbrokers. The symbol used by the Lombards were three golden circles hung outside the houses of pawn and was very important as most in those days were illiterate. This later morphed into three golden spheres. This symbol is said to have numerous important meanings. One meaning was that it represented the three sacks of gold St. Christopher (the patron of pawn broking) gave to a peasant to save his three daughters from prostitution. Another is a joke by used by local pawn shop owners, “2 to 1 odds, you won't get your stuff back.” This symbol is still in use today.
Conclusion
Isn’t it hard to believe that pawn shops have been around for over 3,000 years? When you look at places like Majorpawn.com, this is something you would have never guessed.
Pawn Shop Did you ever think about pawning your gold? This is something that you may have heard about, but never indulged in selling or pawning. If you are looking at getting money for items that you have, then you may want to look into what you can do with a pawn shop today. You don’t need to have amazing items either. Sometimes just pieces and broken elements could help you get top dollar. To further explore this, you may want to consider a few notes in regard to how you can get paid for items that you have in your home.
The Gold Standard
The major reason why you will want to look into this option is because gold is a standard that is not going away. It has been gaining in value, but now it’s plateaued. That means that it could drop one day, and you could lose out on the value of your items. Gold, silver, platinum, and other precious metals are great, but the option that sells the most around the world is gold. If you have anything in your home that is solid, and you don’t use it, you may want to look into pawning things right now. If you’re going to look around at options online, you’ll find that it’s easier to work with than any other solutions. Pawn shops are opening up websites to help people get rid of the things that they don’t want, don’t use or simply aren’t really working with. Think about that for a moment. Millions of people are literally letting dust collect on their gold, and that’s not a good thing, because it could garner a great deal of success.
Use Gold To Fund Your Dreams
Do you want to go on a trip? Do you want to visit someplace you’ve never been before? There’s a lot of different options that you will want to explore, and at the end of the day it costs money. Financial matters are important to fund your dreams, and you can do this if you have gold pieces and more. In fact, you may find that you can easily garner a trip of your dreams by simply selling jewelry that you aren’t using at all. Pawn Seriously, think about what your precious metals are doing. If you are not wearing them, if you are not using the items, then they are no doubt collecting dust. Collecting dust is not a good thing, as it is not going to help you at all. But if you sell things to a good pawn solution, you could get cash in hand. You can then use that money to fund anything you’d like. Pay bills, fund your dreams, and get moving forward with simplicity overall.
Should You Sell Your Gold?
Perhaps you should sell things. This is a good thing to pursue if you’d like. Think about whether you have items in your home that you use or don’t. If you don’t use things, then you should open up your drawer and sell things outright. Pawn solutions are going to help you gain the upper hand. They will help you make money, and get moving forward with whatever you’d like. Pawning your items can help you get a loan, but if you don’t want a loan, you can get money outright and use that for just about everything. It’s simply a great option that is appealing for those that aren’t using the gold that you have today. Test this out once, and see why selling gold is an advantageous thing to work with. Even if you haven’t done it before, test it out once, and you’ll end up with a stack of cash, no doubt.
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