Can anybody enlighten me as to how not only the above pawn shop but posh can afford to LOAN a sum of money - then if the person who owns comes back - how do the pawn shop makes money.
I am guessing a bit of interest - my brothers used to pawn their suits at the weekend - probably for £1.50 - I am assuming they had to pay £2.50 - would that be correct.
I can't verify your figures but you are correct as regards interest. Pawn shops today will only accept gold/silver/jewelry, but at one time they would accept anything saleable. The nursery rhyme 'pop goes the weasel' comes from 'pop' to pawn and 'weasel', a corruption of 'whistle', cockney rhyming slang for 'whistle and flute', meaning suit.