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Mechanical banks are small containers with a decorative mechanical action, used to store coins. They were originally intended to promote saving money among children in the mid-19th century. Frequently made of cast iron , mechanical banks were often creatively designed, depicting historical, legendary or everyday events to increase their appeal.
Mechanical bank featuring an eagle and eaglets. The company employed many designers and produced dozens of banks. [3] Their mechanical banks included a "Tammany" bank featuring a heavy-set dressed up politician who puts an introduced coin into his pocket (Tammany Hall). The business was bought out by Buckley Brothers, a New York company, in ...
However, as the 1940s drew to a close, they encountered increasing competition from Japanese manufacturers who produced mechanical tin toys for lower prices. To become more competitive, Chein moved to a 75,000-square-foot (7,000 m 2 ) factory in Burlington, New Jersey , where they employed a staff of as many as 600 workers.
People have saved money by keeping their cash and coins in clay pots, metal boxes, piggy banks and more for years. Whether you find it between the couch cushions, stuffed in jeans pockets or ...
Key takeaways. To exchange your coins for cash, you can find a local bank or retailer that offers coin-cashing services. It pays to determine if a coin-cashing service charges a fee, so you can ...
A piggy bank, circa 1970. Earthen pots used in Nepal as piggy banks. Piggy bank (sometimes penny bank or money box) is the traditional name of a coin container normally used by children. The piggy bank is known to collectors as a "still bank" as opposed to the "mechanical banks" popular in the early 20th century. These items are also often used ...
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