Pawn Symbol | Three Gold Balls | www.TradingPostNw.com

November 26, 2010

Lombard SymbolWe are asked quite often “What do the three gold balls represent on our logo?”. This is the international pawn store symbol.  There are legends, rumors, and all sorts of stories of where this symbol oriented from. The first theory below is the most likely, yet the second is our favorite.

The pawn shop banking originated under the name of Lombard banking. The three sphere symbol is attributed to the Medici family of Florence, Italy, this is where the name Lombard came from, it refers to the Italian province of Lombardy. The three golden spheres were originally the symbol which medieval Lombard merchants hung in front of their houses. Trading Post NorthwestIt has been thought that the golden spheres were originally three flat yellow effigies of gold coins, but that they were converted into spheres to better attract attention. Throughout the Middle Ages, the Lombards used the three balls, orbs, plates, discs, coins and more as symbols of monetary success. Pawnbrokers joke that the three balls mean “Two to one, you won’t get your stuff back”.

Another theory and for this time of year a perfect story, is about the Bishop of Myra. The Bishop was a wealthy man who came to the aid of a penniless father of three daughters. Under customs of the times, the daughters could not wed unless a dowry could be presented; if there was no dowry, they would assume a life of slavery or prostitution. The Bishop secretly visited the house of the man and his daughters at midnight and left three bags of gold for the eldest daughter’s dowry. This practice would continue until all three children were married. The Bishop became known as the Patron Saint of Children, and each year children awaited his arrival at the stroke of midnight to bring gifts of gold. Sound familiar? He is now known as Saint Nicholas.  Spreading generosity and good, Saint Nicholas is also the Patron Saint of Pawnbrokers.  Through the years, some pawnbrokers have hung three gold balls above their doors to welcome the spirit of Saint Nicholas and wish good luck to all of their customers.

There you have it, although you may find more explanations, this last theory seems to give our general feel about the symbol.  That is, we wish good luck to all of our customers! 🙂


Oregon’s Premier Pawn Shop | Newberg Oregon | Trading Post Northwest

November 24, 2010

 

WELCOME!

Trading Post Northwest has completed it’s first year in the Pawn Business and we are happy to say that business is booming. Located just south of Portland Oregon in Newberg we already have a terrific following. We are now launching our online campaign, this is our all new interactive blog. This Blog will give us a powerful tool that will show new items and give our customers a new way to interact with us.

Trading Post NWTo start the blog we wanted to give a bit of history about the Pawn business.  It has been very interesting how people not only react to this business, but their misconseptions of what the pawn business is all about. Pawn lending is not a new business. In fact, some reports trace pawn loans back at least 3,000 years to ancient China, as well as Greek and Roman civilizations. According to the National Pawnbrokers Association, even Queen Isabella of Spain pawned her royal jewels to finance Christopher Columbus’ voyage to the New World.

Trading Post Northwest Guitars Newberg OregonThe pawn industry came to America with the first settlers, and in the early parts of the last century, pawnbroking 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 main source of consumer credit. But the pawn shop still plays a vital role in providing consumer credit, and offering the consumer some of today’s best buys.

Every time we give loans on an item, we know that someday it could be on our shelf for sale. Therefore, we only deal in good quality merchandise. Our pawn shop is an established business, locally owned, not here today and gone tomorrow like the flea market, auction sale, garage sale, or the guys selling out of a van on the side of the road. As pawn brokers we know our business is only as good as our reputation, and we work hard to make that apparent.

Trading Post Northwest InsideCome visit us in Newberg, one of Oregon’s largest pawn shops. You never know what you will find. You would have to visit dozens of different retail stores to find all the different types of merchandise we have in this single pawn shop. Jewelry, DVD’s, silver, watches, stereos, sporting goods, cameras, musical instruments, tools, guns, TV’s, computers, bikes, Snowboards and much much more! 🙂