Santa Clarita Pawn Shop

Here is a bit of free information as it relates to your Santa Clarita Pawn Shop. In Western societies, pawnshops were predominant in Greece and ancient Rome. Most modern legal statutes in Europe are derived from the Roman legal system. As the Roman Empire spread its wings across Europe and the Middle East, pawnshops did likewise. In the Far East, pawn dealers were in existence as long as 3000 years ago. There is little difference between their operations in ancient times and today, except their strict regulation by governmental authorities. 

Many societies prohibited charging interest on loans, though the Franciscans were allowed to charge interest when needed to help the poor. In old England, the pawnshop was introduced along with William the Conqueror, with an Italian reference, “Lombard.” In the year 1338, Edward III first pawned his royal jewels to the Lombards in order to raise capital for the battle with the Kingdom of France. Likewise, King Henry V did the same in the year 1415.

The Lombards were not a popular group. Henry VII Tudor gave them a favorable deal. When James I Stuart first took the throne, an Act forbidding such Brokers was enacted. The statutes stayed in place until Queen Victoria worn the crown for 35 long years. The law was pointed toward the multitude of brokers who sold faked goods in  the City of London. These types of brokers were considered fences, who knowingly purchased ill-gotten goods.

Another well-known pawn transaction was that of Queen Isabella of Spain, who pawned her royal jewels to pay for Christopher Columbus’ voyage to what was thought to be India.

Centuries before banks, ATM machines and payday loan companies, pawn shops helped those in need of funds. In fact, pawning was the number one form of obtaining credit in the US until the 1950s. Such organizations remain as one of the leading businesses that help individuals make financial ends meet. One can sell, buy and borrow on gold, silver, diamonds, rubies, coins, watches and more.

If you are considering pawning your valuables, our advice to you is to work only with an appraiser who has long-term experience appraising items so that you may obtain the best value. It takes experience and a keen eye to determine the value of items brought into the dealer. Both the borrower and the proprietor are at risk. Thus, you must be able to trust him to be responsible for making the right call. Plus the appraiser must cover himself when determining the value and determining the difference between real and what is imitation. Your Santa Clarita Pawn Shop and Beverly Hills jewelry buyers, Valencia Loan Company, is a Santa Clarita Pawn Shop and a Beverly Hills Collateral Lender leading the way in North and South Los Angeles County and has been established for over 50 years.