The pawnbrokers' symbol is three spheres suspended from a bar. This refers to the Italian region of Lombardy, where pawn shop Business model · Assessment of items · Determining amount of · History. Many traditional shops have iconic symbols outside their doors. The use of symbols for traditional shops dates back to a time in Europe when. What do the three balls on a pawn shop signify? In actuality, the three gold balls are said to be a symbol of the Medicis, a family of powerful merchants in. While many items can be pawned, pawnshops typically accept jewelry, musical instruments, home audio equipment, computers, video game systems, televisions, cameras, power tools and other relatively valuable items as collateral. The pawning process begins when a customer brings an item into a pawn shop. The other is the Rx symbol. Some pawnshops sell specialty items online, on eBay or other websites. In some jurisdictions, pawnshops must give a list of all newly pawned items and any associated serial number to police, so the police can determine if any of the items have been reported stolen. News , Pawn Shop What does the pawn shop symbol mean? The company accepts high-value items such as gold, motor vehicles, and other expensive items as collateral. The Tenderfoot badge takes the fleur-de-lis of the Scout badge and adds two stars and an eagle with an American shield. As legend has it, this symbol traces back to the Medici family — a prominent family in Florence, Italy in the 15th century that was known for loaning and banking. Low Gold Prices at Suffolk Right Now. The Marines One branch of the U. The medieval Lombard merchants used the three golden spheres as a symbol. Other families adopted the use of the three balls because of the financial success of the Medici family. If an item is pawned for a loan colloquially, "hocked" , within a certain contractual period of time the pawner may redeem it for the amount of the loan plus some agreed-upon amount for interest. Since the Medicis were so successful in the financial, banking, and moneylending industries, other families also adopted the symbol. If the item does not fetch a price that will cover these expenses the pawn broker may pawn shop symbol the item and sell it through other channels. In addition to pawnbroking activities, the company provides a range of other services, such as a safe blobby online box and gold trading services. The Medici families in Italy along with the Lombards in England were moneylenders in Europe. Saint Nicholas is the patron saint of pawnbrokers. Related FunTrivia Quizzes - Click to Take the Quiz! Blayneythe association between the caduceus of Hermes and medicine seems to have arisen by the seventh century A. Later, the coins were changed to spheres to help attract more attention from passersby.