Upon hearing this, the waiter said, "If you gentlemen are not in a hurry to leave, there will be some interesting things happening in the county town tomorrow. If you are interested, you can go and take a look."
"What fun thing is it, waiter? Please tell me."
“In the county town, there is a pawnshop called Yao’s Pawnshop. Some time ago, an old farmer brought a luminous pearl to be pawned. This luminous pearl is very large and is said to come from the Western Regions. It is worth at least 100,000 taels of silver.”
The pawnshop owner, of course, knew the value of the luminous pearl. Seeing that the buyer was an old farmer, he relentlessly haggled over the price. Perhaps the old farmer was in urgent need of money, so he agreed to pawn the pearl for ten thousand taels of silver, agreeing that the old farmer would come back to redeem it a month later.
"How come a luminous pearl worth 100,000 taels of silver was only pawned for 10,000 taels of silver? What happened?" Li Xue asked.
Upon hearing this, the waiter pretended to be mysterious and said, "The pawnshop industry is a deep and murky place. As the saying goes, the rich are overvalued and the poor are undervalued. Everyone in the pawnshop is shrewd."
When they appraise pawned items, they also vary from person to person. The clothing and demeanor of the pawner are the basis for their judgment of whether the other party is a wealthy person.
Once the pawner is identified as wealthy, the appraised value of the pawned item will be increased, resulting in higher interest payments when the pawner redeems the item.
For those who have no money, the price is usually driven down to a very low level. For these people, there is basically no possibility of redeeming their items after they are pawned.
If the pawned item is not redeemed within the agreed timeframe, the pawnshop has the right to dispose of it.
Therefore, it's understandable that the luminous pearl, originally worth 100,000 taels of silver, was only pawned for 10,000 taels.
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