About Us

Owner Mike Picow went to college to learn more about the jewelry trade.  He is a certified bench dealer, which helps him perfect his trade.

When you visit AA1 Pawn you will see that they have over 20 kinds of jewelry in stock.  Diamond grading is available for clients as well as insurance on these valuable pieces.  If you need your diamonds re-cut, AA1 Pawn can handle that for you as well.

What can you find in today's pawn shop?

Variety makes visiting the pawn shop an exciting and intriguing experience. You never know what you will find. You would have to visit several different retail stores to find all the different categories of merchandise found in a single pawn shop. Gold & silver jewelry, diamonds, home electronics, sporting goods, car audio, cameras, CDs & DVDs, musical instruments, tools, guns, computers, bikes, coins, collectibles and appliances are some of the things to be found at a pawn shop. The list goes on and on. Since most items come from defaulted loans or outright purchases, the merchandise at a pawn shop can literally change daily. There is always something new for you to see.

What is a pawn shop?

You see them all over town. Maybe you have been wondering "just exactly what is a pawn shop, how do they work, and why are they so common place?"

To answer these questions, lets look at the history of pawn shops.

As mandkind's oldest financial institution, pawnbroking carries on a tradition with a rich history. Pawnbroking can be tracked back at least 3,000 years to ancient China and has been found in the earliest written histories of Greek and Roman civilizations.

During the late Middle Ages, the primary source of money was the pawn shop. A famous example of this is Christopher Columbus' journey to the Americas which was financed by Queen Isabella pawning the crown jewels. The biggest pawn shop in that day was owned by the House of Lombard, which operated many pawn shops throughout Europe. The logo the House of Lombard used was three golden balls. The three golden balls symbol is still associated with pawn shops today.

The pawn industry came to America with the first settlers. In the early part of this century, pawnbroking was regarded as the main source of consumer credit. With the rise of large consumer institutions (banks, credit  unions, savings and loans), the pawn shop is no longer the major source of consumer credit, but the pawn shop still plays a vital role in the area of providing consumer credit.

In today's society, many people routinely have the need to borrow small sums of money for a short period of time (30 to 90 days). Traditional lenders, such as banks or credit unions, are unable to provide these short-term loans. For this reason, the number of pawn shops continues to increase.

Isn't a lot of merchandise in a pawn shop stolen?

Not at all! Unlike flea markets and internet auction sites, today's pawnbrokers are regulated and licensed by the state to insure they do not accept stolen merchandise. All transactions are closely monitored by law enforcement agencies to verify the merchandise is not stolen. As previously stated, the pawn shop is an established business, not here today and gone tomorrow. You can rest assured that the merchandise you see in the pawn shop is not stolen.

So what are you waiting for? There's a world of bargains waiting to be discovered.

Come check us out!

 

*Copywright 3/2008 - Burrell Printing Co., Inc.