The Symbol
The pawnbroker's symbol shows three balls suspended from a bar. The three-ball symbol is attributed to the Medici Family of Florence, Italy, because of its symbolic meaning of Lombard, referring to the Italian province of Lombardy, where pawn shop banking originated under the name of Lombard banking. It is now as well established as anything of the kind can be that the three golden balls, which have for so long been the trade sign of the pawnbroker, were originally the symbol which medieval Lombard merchants hung up in front of their houses, and not, as has often been suggested, the arms of the Medici family. It has, indeed, been conjectured that the golden balls were originally three flat yellow effigies of byzants, or gold coins, laid heraldically upon a sable field, but that they were presently converted into balls the better to attract attention.
Most European towns called the pawn shop the "Lombard". The House of Lombard was a banking family in medieval London. According to legend, a Medici employed by Charles the Great slew a giant using three bags of rocks. The three-ball symbol became the family crest. Since the Medicis were so successful in the financial, banking, and money-lending industries, other families also adopted the symbol. Throughout the Middle Ages, coats of arms bore three balls, orbs, plates, discs, coins and more as symbols of monetary success. Pawnbrokers (and their detractors) joke that the three balls mean "Two to one, you won't get your stuff back".
Read more about this topic: History Of Pawnbroking
Famous quotes containing the word symbol:
“Whether he admits it or not, a man has been brought up to look at money as a sign of his virility, a symbol of his power, a bigger phallic symbol than a Porsche.”
—Victoria Billings (b. 1945)
“If we define a sign as an exact reference, it must include symbol because a symbol is an exact reference too. The difference seems to be that a sign is an exact reference to something definite and a symbol an exact reference to something indefinite.”
—William York Tindall (1903–1981)