Pawnbroker History

As mankind’s oldest financial institution, pawnbroking carries on a tradition with a rich history. Pawnbroking can be traced back at least 3,000 years to ancient China, and has been found in the earliest written histories of Greek and Roman civilizations.

During the Middle Ages, certain usury laws imposed by the Church prohibited the charging of interest on loans, thus limiting pawnbroking to people who had religious beliefs outside of the Church. Out of economic necessity, and because of problems in the banking system, pawnshops made a resurgence in later years. The House of The Lombards operated pawnshops throughout Europe. They even counted royalty, such as King Edward III of England, among their clientele during the 14th century. The symbols of the Lombards’ operations were the three gold balls that still remain the trademark of pawnshops.

The pawn industry came to America with the first settlers and in the early part of this century pawn broking was regarded as the main source of consumer credit. With the rise of large consumer credit institutions, such as finance corporations, savings and loan associations, and credit unions, the pawn shop is no longer the major source of consumer credit. But the pawn shop still plays a vital role in the area of providing consumer credit.

The pawn industry fills that gap and helps people obtain some quick money when a bank says no.

Pawning has long been a source of capital for people in times of need, as well as a means of financing business ventures. When Christopher Columbus approached Queen Isabella of Spain about securing funds for his voyage, she was prepared to pawn her crown jewels in order to provide him with the necessary finances. Fortunately, the Spanish government agreed to back Columbus, saving the Queen from having to part with her beloved crown.

Many modern day customers of pawn shops include politicians, movie stars, sports figures, and business owners.

Step back in history and into the future by visiting us in one of our pawn shops listed below

Redwood City pawn shop

Buy Sell Loan, Inc.
590 Veterans Blvd.
Redwood City, CA 94063
tel: 650-368-6855
fax: 650-368-7844

Mon-Sat 9:30am - 7:00pm
Sun 10am - 5pm

Santa Clara / San Jose Pawn Shop

Buy Sell Loan, Inc.
2211 The Alameda
Santa Clara, CA 95050
tel: 408-985-7296
fax: 408-985-2987

Mon-Sat 10:00am - 6:30pm
Sunday 11am - 4pm

Sacramento pawn shop

Buy Sell Loan, Inc.
4612 Auburn Blvd.
Sacramento, CA 95841
tel: 916-929-0895
fax: 916-929-1546

Mon-Sat 9am - 7pm
Sun 10am - 5pm

Oakland Pawn Shop

Buy Sell Loan, Inc.
5151 Telegraph Ave.
Oakland, CA 94609
tel: 510-654-9910
fax: 510-338-3283

Mon-Sat 9am - 6pm
Sunday 10am-5pm

San Francisco Pawn Shop

Buy Sell Loan, Inc.
2050 Mission Street
San Francisco, CA 94110
tel: 415-292-4873
fax: 415-292-4873

Mon-Sat 9am - 7pm
Sun 10am - 5pm

San Francisco pawn shops

San Francisco Outlet

Buy Sell Loan, Inc.
1167 Sutter Street
San Francisco, CA 94109
tel: 415-292-4870
fax: 415-292-4870

Mon-Sat 10am – 6:00pm
Closed Sunday

San Francisco pawn shops