THINGS YOU MAY WANT TO KNOW

Reality

  • There are very few similarities between reality and television. 

  • It's still a very cool place to find hidden treasures or common items cheap

  • We get what people bring us.  We won't always have what you want but you never can tell what we will get.

  • Jewelry stores are outrageously over priced.  Actual value is about 10% of the retail prices.

  • Once an item is used once, it is no longer brand new.  Brand new is factory sealed in the original box.

  • Once the box is open it's "New: Other"

  • Used items sell for about 50% of the original retail price, depending on condition.

  • eBay "sold" items set the secondary market price. It is the largest second hand market in the world.

  • When a pawnshop sells items, they have to pay eBay or Amazon and PayPal a percentage, shipping and sales tax.

  • Never try to buy or sell an item directly to another customer.  It's terrible decorum and overhead is expensive.  

  • Always remember that everyone is dealing with an issue that you have no idea about.  Treat with respect and respect will be overly returned.  Its a tough business.

 

THINGS TO KNOW

History

  • The pawn industry is more than 3,000 years old

  • The pawn business originated in China

  • Pawnbroking thrived in ancient Greece and Rome, giving merchants a way to get small shops off the ground

  • The word “pawn” stems from the Latin word “patinum” meaning cloth or clothing. For the working class, clothes were often the most valuable items they owned.

  • England’s King Edward III famously pawned his jewels to the Lombards in 1388 to help finance war against France

  • Pawn Brokers Act of 1872, in England, was the first "real" regulations for interest charged and stolen items. These guidelines are still used today.​

  • The pawnbroker's symbol shows three balls suspended from a bar. The origins of the symbol are unclear, but it is often attributed to the Medici family of Florence, Italy.

  • Throughout the Middle Ages, coats of arms bore three balls, orbs, plates, discs, coins and more as symbols of monetary success.

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2461 Lincoln Hwy, Feasterville-Trevose, PA 19053, USA