Victorian Pawnbrokersby Adrian Evans
ABOUT THE ART
Pawnbroker's Shop built in the 1840s. Pawnshops prospered in areas where the wages were low and unstable. It was not uncommon for a family to have linen or clothes that they would pawn as a bridging loan until next payday. The struggling family could pawn their goods on a Monday and could buy them back the following Friday or Saturday. The items pawned were taken as security for a loan, the value of the item was based on what the pawnbroker thought he would get if he sold the item on. In return the customer would receive the loan a ticket. To redeem their pledge the customer had to pay the loan back in full plus any charges this included the valuation of their items and the cost of the ticket.