M&M

PAWN SHOP & CHECK CASHING

32 HOWE STREET - NEW HAVEN

Mike Cruscio Sr.
Mike Cruscio Jr.

M&M Pawnshop and Check Cashing LLC started out as a single, family owned, father and son pawn shop. Over the years they have successfully opened an additional 2 locations in the New Haven area, and have over 2 million satisfied customers. M&M Pawn provides a variety of services such as Bill Pay options, Western Union transfers, and Automobile and Estate purchases. Mike Cruscio Jr. and Mike Sr., aka "POP", are highly active in the community and are proud supporters of the local YMCA, Boys & Girls Club, PAC, and New Haven Police Department.​ Bring in your old stuff, and pawn it at M&M Pawn Shop & Check Cashing. We will give you cash in hand, or credit to buy something else. There are thousands of new, used, and antique treasures for sale. High Quality Wedding and Engagement Rings, Diamonds, Gemstones, Necklaces, and more! Gold, Silver, Platinum, Coins & Rare Notes.

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A Pawnshop or Pawn Shop offers secured loans to people with items of personal property being used as a collateral. Typically pawned items include musical instruments, audio equipment, electronics & video game systems, televisions, power tools, and cars, trucks, motorcycles, and off-road vehicles. Jewelry with gold, silver, platinum, and diamonds are some of the most often pawned or sold items.


A pawnbroker assesses an item for its condition and marketability.  Items may be tested and examined for any flaws,  visible scratches or relevant damage from use. Even if an item is in the best possible condition, supply and demand within the community will also be a contributing factor.  Hard-to-sell items and items that quickly lose their value are often refused or offered a low price for pawn or sale. When an item is pawned,  the person may redeem it for the equivalent amount of the loan, plus an agreed-upon amount to cover interest.  If the loan is not paid back or extended within the contracted amount of time, the pawned item is put up for sale. It may then only be redeemed through outright sale of the item.


The pawnbrokers' symbol is three gold/brass spheres suspended from a bar. The three spheres are attributed to the Medici family of Florence, Italy. The symbol refers to the Italian province of Lombardy, where pawn shops had originated. It has been debated that the golden spheres were originally three flat yellow effigies, or golden coins. Over the years they had evolved into the current spheres to be more eye appealing.


Another story revolving around the golden spheres includes 3 bags of rocks. In many European towns, the pawn shop was called the "Lombard". The House of Lombard was a well known banking community in medieval London, England. An old legend states that a Medici employed by Charlemagne had defeated a giant using only  three bags of rocks. Throughout the Middle Ages, coats of arms bore three balls, orbs, plates, discs, coins and more as symbols of monetary success. The symbol has been attributed to success and the story of Saint Nicolas, the patron saint of Pawnbrokers. Another legend discusses the story of Saint Nicholas giving a poor man's three daughters each a bag of gold so they could get married.