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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.
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.
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 ...
National cash register from the end of the 19th century, National History Museum, Sofia A cash register, sometimes called a till or automated money handling system, is a mechanical or electronic device for registering and calculating transactions at a point of sale.
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 look elsewhere to ...
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