NATIONAL PAWNBROKERS DAY
Each year on December 6, National Pawnbrokers Day pays tribute to a profession that provides a valuable service to their clientele. Those who are in need of cash funds and also those looking for a reasonably good deal seek the services of pawnbrokers.
The word pawn is derived from the Latin word pignus, meaning pledge.
The history of pawnbroking begins thousands of years ago in the west in Ancient Greek and Roman Empires and in the East over 3000 years ago in China. The pawnbroker offers a loan of cash in exchange for property or goods as security. When the loan plus interest is repaid, the pawnbroker returns the property. However, if the clients don’t repay the loan, they forfeit the property and the pawnbroker may sell it to recover the loan.
Governments and churches even became involved in public pawnshops, though this type of brokerage was never established in the United States.
Five years ago, the National Pawnbrokers Association began a wonderful program on National Pawnbrokers Day called Musical Instrument Gift Day. Pawnbrokers across the country make generous donations of musical instruments to organizations in need. December 6, 2012, they worked with the Mr. Holland’s Opus Foundation and collected instruments for a high school in Mississippi.
HOW TO OBSERVE #NationalPawnbrokersDay
Learn more about the history of pawnbrokers. Shop at a pawnbroker business. Consider a donation to Mr. Holland’s Opus Foundation to support instruments on behalf of the National Pawnbrokers Association.
Read The Pawnbroker by Edward Lewis Walland or A History of Pawnbroking Past and Present by William A. H. Hows.
Use #NationalPawnbrokersDay to post on social media.
NATIONAL PAWNBROKERS DAY HISTORY
This National Day is celebrated on International St. Nicolas Day, the patron saint of pawnbroking.
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