How Pawn Shops Worked

A pawn broker loaned cash on a variety of items such as jewellery, fishing rods, guns, tools bicycles, furniture, clothing etc. The loan period was for a maximum of six months and at the end of that time the customer could extend the loan period to nine months provided the outstanding interest together with a storage fee was paid. At the end of six months the pawn broker notified the customer that his unredeemed goods would be sold.


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