A coin bank is a decorative container for loose change, available in various designs and types, including those that sort and count coins. They make great gifts and are available at most department stores and online sellers.
Change has a way of adding up, and before long, there’s just too much to put in your wallet or wallet. You may end up with a changing group on top of the vanity. Instead, a coin bank on top of the dresser will give you a place to put that change!
A coin bank is simply a decorative container in which to deposit loose change. There are countless designs to choose from, and several different types. The most basic coin bank has a removable lid, much like a smaller version of a cookie jar. It can be made of ceramic and styled like a golf bag, bauble, or figurine. Some coin banks are made of wood and handcrafted to look like jewelry boxes. There’s even a coin bank that’s a miniature slot machine – drop your change inside, and when you need it, pull back on the arm for realistic spinning wheels, lights, bells and the rattling of coins in the payout tray.
A less whimsical and more pragmatic coin bank can sort coins for you into individual tubes. When a tube is full, the contents can be removed and placed directly into a coin wrapper to take to the bank. No more laborious work!
Some models keep track of how much money is deposited into each tube and have a running total of the entire contents. Just drop a handful of coins into the hopper and watch the coin bank sort and count. Remove the change and it will automatically deduct it from the total. Your total savings are always visible via a battery-operated LED readout.
In the past, the most popular type of coin bank was called a “piggy bank” and sat on the children’s dresser. The weekly allowance and paper route money went into the piggy bank. Some styles did not include a way to remove coins to encourage saving. When the coin bank was full, it had to be opened to retrieve the savings.
Other types include a plug at the bottom that can be removed to borrow money from the coin bank as needed. Today, there are all kinds of coin banks for children. Everything from baseball benches to butterflies and of course the traditional piggy bank.
If you find there’s too much change and nowhere to put it, consider a coin bank to clear out that dresser. They also make great gifts and are available at most department stores and many online sellers.
Smart Asset.
Protect your devices with Threat Protection by NordVPN
