Throughout history, pawn shops have played a vital role in originating loans and doing business within the second-hand marketplace. Pawn shops can be found an almost any major city around the world and Pawnbrokers are able to cater to a variety of situations form lending money to buying consumer goods and personal property items for resale. We recently inquired about the future direction of the pawn shop industry and reached out to Boca Raton Pawn, South Florida’s only high-end Pawn Shop which, has a gorgeous storefront across from Mizner Park in Boca Raton, Florida. Boca Raton Pawn is a family owned-and-operated pawn shop that specializes in high dollar collateral loans. Like most pawn shops in Boca Raton, the pawnbrokers at Boca Raton Pawn buy, sell, and trade. Examples of items they always have their eye on include luxury watches (Rolex, Cartier, Breitling, Audemars, etc.), estate and designer jewelry (Tiffany & Co., Van Cleef & Arpels, etc.), gold, diamonds, designer handbags, and more.
We recently had the opportunity to ask Lee Josephson of Boca Raton Pawn a few questions about current trends and where he sees the future of the pawn shop industry headed.