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While most people have been inside a pawn shop at one time or another, few are aware these common establishments have a fascinating history dating all the way back to 1492. Route 50 Jewelry & Loan in Falls Church, Virginia, is passionate about the history of their work and offers three fun facts you didn’t know about pawn shops.

Did You Know These 3 Facts About Pawn Shops?

1. Queen Isabella of Spain Pawned Her Fine Jewelry to Fund Columbus’s Expedition

While there were no pawn “shops” in 1492, the act of pawning one’s fine goods for money was very much a part of life, even for royalty. In an extraordinarily noble nod to exploration, Queen Isabella of Spain handed over some of her smaller pieces to fund Columbus’s expedition to the New World. This encouraged other investors to come forward with additional seed money that eventually saw the Nina, the Pinta, and the Santa Maria heading across the Atlantic. 

2. The International Pawn Symbol Is 3 Gold Spheres Hanging From a Gold Bar

pawn shopsDating back to the Medici dynasty in Italy, this image has become the international symbol for pawn dealers everywhere. Legend had it a member of the Medici family battled a giant with three bags of rocks. Another story tells of Saint Nicholas with three bags of gold. Merchants around the world quickly adopted the symbol as their own to signify their shops as places of abundance where one could go to find capital. 

3. Most People Reclaim Their Beloved Items

While it is believed most people surrender their items to the dealer forever, 80% of pawn shop clientele reclaim their treasured mementos. In fact, many are repeat customers, trading in the same items  for cash loans repeatedly. 

If you are looking for a trustworthy pawn shop where you can easily trade in your valuable diamonds, gold jewelry, or other luxury items, the team at Route 50 Jewelry & Loan is on hand to assist you. Call them today at (703) 533-7851, or visit their website for more information. 

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