The prices for gold items are low at Suffolk Jewelers & Pawnbrokers right now! Why? We’ll explain. Suffolk is able to price its items in response to the current gold market. Since gold prices are currently down, you can get gold necklaces, bracelets, watches, and other gold items for less at Suffolk Jewelers & Pawnbrokers. […]
Author Archives: SuffolkPawn
The Suffolk Jewelers & Pawnbrokers logo features the traditional symbol of the pawnbroker, which is three spheres suspended from a bar. 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. The Medici family crest […]
Pawn shops first emerged in China more than 3,000 years ago. They were used as away to grant credit to peasants, and their operations were regulated by Imperial authorities. Pawn shops were also popular in ancient Greece and Rome, where small merchants used pawn loans to start businesses. But the Catholic Church had restrictions on […]
Bank lending rates are at their lowest since the Great Depression, according to Standard & Poor’s, a leading financial services firm. This leaves consumers turning more and more to pawn shops to meet their credit needs. It is extremely difficult in the current economic environment to get small business loans and personal loans from large […]
Pawn shops are strictly regulated by a number of federal, state, and local laws and standards. On a federal level, pawn shops are regulated by the Federal Trade Commission, the Bureau of Alcohol, Tobacco, Firearms, and Explosives, and the Treasury Department. They must comply with the following federal laws: The Truth & Lending Act The […]
1. The average collateral loan amount nationwide is $100, according to the National Pawnbrokers Association. This shows that collateral loaning is often used to help consumers obtain a small source of funding. Pawn shop customers tend to borrow only what they need, and often use the funds as a safety net in the case of […]
Father’s Day is Sunday, June 17 this year. Find the perfect gift at Suffolk Jewelers & Pawnbrokers, Massachusetts’ oldest pawn shop. Suffolk carries a wide variety of items Dad would love, including cameras, amps, guitars, designer watches, power tools, and gold rings and other jewelry. And to couple with the perfect Father’s Day gift, plan […]
U.S. pawn shops remained resilient throughout the recession and are becoming more mainstream, according to a new report from an independent market research firm. The pawn industry was worth $14.5 billion in the United States last year, and the total number of U.S. pawn shops is more than 11,000 and growing, according to “U.S. Pawn […]
Facebook sold 82 million shares in the first 30 seconds of trading Friday. And trading volume exceeded 100 million shares after four minutes. Facebook priced its shares at $38 each, which values the company at $104 billion. The initial public offering is historic. It’s the largest IPO in Nasdaq history and the second-largest IPO ever, trailing […]
Suffolk Jewelers & Pawnbrokers has a wide selection of vintage jewelry, including diamond stud earrings, solitaire rings, tennis bracelets. We also have designer watches including Rolex and Cartier luxury brands. Find out why local customers consistently return to us for their jewelry and other gift needs, and why one customer calls us a “best kept […]