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. Each bank performed a stunt or an action when a coin was dropped into a slot and a lever was pulled. The banks quickly became popular with children and adults alike and soon became a sought-after collector’s item.
- Dan Morphy (2007). The Official Price Guide to Mechanical Banks. House of Collectibles. ISBN 978-0-375-72261-5.
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder of TBIL.co STATX Fund.