Widow Martin struggles to rear her little daughter Nora amid the squalor of the slums yet imbue her with the refinement to which she had been accustomed in her girlhood. Fearing that she is losing the battle, Mrs. Martin decides to turn to her wealthy father, who had disowned her upon her marriage years earlier. To raise funds for the trip, she pawns Nora to Aaron Levovitch, an aged pawnbroker with a heart of gold under his gruff exterior. Upon reaching her father's house, Mrs. Martin falls ill and dies before she can relate her story, and Nora is raised by the pawnbroker until a reporter prints her human interest story of a "jewel in pawn." The girl's grandfather reads the article and claims Nora, then sends her to a fashionable boarding school. Nora longs for her home in the slums and her sweetheart Jimmy, however, and so returns to marry Jimmy in an elaborate traditional Jewish ceremony at the pawnbroker's home.