Princes, Paupers, Popes and Kings: Pawnbroking dates back thousands of years as mankind’s oldest financial institution.
Princes, paupers, popes and kings borrowed money based on collateral, long before sophisticated banking systems existed. Historical source documents trace pawn loans to early Mesopotamia, ancient China as well as early Greek and Roman civilizations. Christopher Columbus’ voyage to the New World is reported to have been funded by Queen Isabella’s pawned, royal jewels.
More Information About Today’s Pawnshop Industry:
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Best Collateral Pawn Shop Expands To Santa Rosa & San Jose Bay Area Pawn Shop & Retail Chain Acquires Two New Locations
Blue Nile In the News Blue Nile, the jewelry industry’s largest e-tailer, has sold to an investment group managed by Bain Capital