While a piggy may be the most recognizable type of bank, cast iron banks in all shapes and figures were favored in the 19th century. Mechanical banks made the act of saving fun! These banks deposited coins by some sort of mechanical process… think humans or animals kicking, jumping, dancing, or doing handstands!
Mechanical banks were first manufactured in the late 1800s as the Industrial Revolution created a middle class that heralded the importance of earning and saving money combined with tinkerers of the Victorian Era experimenting with springs and windup devices. J.H. Bowen patented this toy “money box” in 1880. The financially savvy would place a coin on the branch. When a lever on the back of the bank is pressed, the owl’s head rotates and the coin gets deposited inside.