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Noname Antiques » Vintage Piggy Banks Value (Identification & Price Guides)


VINTAGE PIGGY BANKS VALUE (IDENTIFICATION & PRICE GUIDES)

by Noname Antiques


Have you ever considered piggy banks as collectibles? Nowadays, the “vintage”
style is present in all fields, from clothing collections to old objects with a
new style twist.

They can be perfect for transmitting originality and personality with a few
minor changes. You can see it in shows like Pawn Stars, which have fueled a
mania for collecting vintage items.

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If you want to get into the antique business or simply collect piggy banks for
fun, we have put together a complete guide to help you become an expert piggy
bank collector.

Not only is it a fun hobby, but it can also be lucrative and make you earn some
coins (without forgetting to save them in your piggy bank).

Table of Contents

 * Where Did Piggy Banks Start?
 * Why do we call it a piggy bank?
 * Types of Antique Piggy Banks
 * The most valuable piggy banks
 * Identifying Antique and Vintage Piggy Banks
 * Tips on buying piggy banks
 * Final Thoughts


WHERE DID PIGGY BANKS START?

Saving money is a concept as old as our societies. There is evidence of clay
pots or containers used as piggy banks in different cultures.

Remains of piggy banks dating back to the 2nd century BC have been discovered in
the Greek cities of Pompeii and Priene.

There is also evidence that they were used by the Romans, which is
understandable given that they adopted multiple Greek customs to structure their
own culture.

They are also found in ancient Chinese culture. Scrolls from the Jin dynasty
(266-420) describe their use and the materials they are made of.

The majority of them have bulbous or ovoid shapes and lack major decorations or
stylistic details.



This could be because those who acquired them preferred that they go unnoticed
and be confused with other kitchen utensils.

We must remember that there were no banks in ancient times, so people had to
find safe ways to keep their money. A piggy bank was apparently the best option.

However, it should be noted that the majority of piggy banks discovered in
archaeological excavations (which are few because they had to be broken)
contained coins of little value.

This indicates that they were used by common people. It was the most efficient
and effective way to save money day by day.

Probably people with higher incomes used a safe to store their money.


WHY DO WE CALL IT A PIGGY BANK?

There are different theories about why piggy banks are traditionally shaped like
pigs.

 One of the most common dates from the late medieval period in England. These
money pots were previously made from a low-cost orange clay known as “Pygg.”

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It is assumed that in the 18th century, potters began making piggy banks as a
word game with “Pygg jars.”

Furthermore, we must remember that traditional piggy banks already had an ovoid
shape, and the pig was a very natural transition to this more modern piggy bank
shape.

It should also be remembered that the pig represented a figure of savings for
medieval European peasants. Because you didn’t have to invest much in it.

They fed it leftovers and garbage for a year, fattening it up so it could be
sold or slaughtered as an important food source.

Pigs can be considered the recycling element of the Middle Ages. They are not,
however, the only ones who have used the pig as a symbol of savings.

In fact, pig-shaped piggy banks dating back to the 14th and 15th centuries have
been discovered in what is now Indonesia. And there are currently banks in that
country that use a wild boar image in their logos.

The idea that the pig represents abundance and wealth is prevalent in Eastern
culture. It is one of the Chinese horoscope animals and is associated with work
and affective abundance.

Furthermore, it is believed that the pig cannot walk backward, only forwards,
reinforcing the concept of prosperity and progress.

By the medieval era, trade routes between East and West were well established.
As a result, the concept of piggy banks was exchanged naturally over time.


TYPES OF ANTIQUE PIGGY BANKS

Piggy banks are a subcategory of coin banks, which are further divided into two
classes:


STILL BANKS:

Image Credit: ebay


These are coin banks that do not have moving parts. They are static sculptures
that only receive coins through a slot in the upper part of the figure. They
also have a cap that can be removed to access the money inside the sculpture.


MECHANICAL BANKS:

Image Credit: artsmia

The J & E Stevens company developed mechanical banks in 1869. Most are made of
metal and have a mechanism that allows the artifact to swallow the coin that is
deposited by itself.

The style of mechanical banks is very creative; they generally use animated
figures and are ideal for decorating any room in the house or making
collectibles out of them.









ARE VINTAGE PIGGY BANKS WORTH MONEY?

Getting into the antique business is complex and it is recommended that you
first have some knowledge of the business. But vintage piggy banks are worth
money, that’s for sure.

Prices vary greatly, but one fact that you may find interesting is that most
piggy banks are not expensive. There are many available in online stores, with
prices ranging from $30 to $200.

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There are also cheaper $10 or $15 piggy banks, but they are usually made of
plastic and are not recommended for collections. You can also find some
really antique piggy banks that are worth up to $2000.

The older, more fragile, and better preserved the materials, the higher the
price you can request because they are the most in-demand and appreciated by
serious collectors.

If you want to start collecting them as a hobby and eventually sell them to earn
back your investment plus a little extra, you have a lot of options.



The prices are affordable to everyone, and time is always on your side when
purchasing this type of item. All you have to do is be patient and cautious.

If you care for each of your pieces properly, they will increase in value year
after year, and you will be able to sell your collection for a very attractive
amount of money at some point.


THE MOST VALUABLE PIGGY BANKS



The most valuable piggy bank pieces to make money quickly by reselling
collectibles are cast-iron banks made between the late 1800s and the 1930s.

Collectors prize cast-iron mechanical banks, and it is extremely rare to find
one for less than $200. Those in better condition, with mechanisms that continue
to function despite the passage of time, can cost thousands of dollars.

The Royal Mint, which used to be owned by the English monarchy but is now owned
by the government of the United Kingdom, created the most expensive piggy bank
in the world in 2020.

The piece is made of 18-carat gold and costs 100,000 pounds. They also sell a
less expensive sterling silver version to the general public for £6,000.

If your budget is still too tight, there are ceramic models available for as
little as 85 pounds.

It should be noted that the Royal Mint has over a thousand years of history and
has produced exquisite gold and silver coins for the nobility of that country.


MATERIALS USED TO MAKE ANTIQUE PIGGY BANKS

 * The most common materials used to make piggy banks are plaster and clay. They
   are also the oldest and if in good condition, the most valuable to
   collectors.
 * Ceramic piggy banks are also available. When piggy banks were no longer
   viewed as functional, this material was employed.

His designs became more refined throughout time, and they began to be considered
beautiful items in homes rather than just money storage.

 * Many banks employed cast iron for promotional merchandising during the end of
   the 19th century and the beginning of the 20th century since it is the most
   durable material.
 * In more recent times, an unending supply of plastic figures has been made as
   piggy banks, but these are ignored by serious collectors and have little
   value.

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IDENTIFYING ANTIQUE AND VINTAGE PIGGY BANKS

To determine the age of a piggy bank, you must first examine its image. The
older ones will have a more realistic pig figure, meanwhile, the more modern
ones will be animated or cartoon versions of the pig.



This is because, in more recent times, children were given piggy banks to teach
them the value of money and how to save.

As a result, manufacturers started using more childish designs.

Instead of smashing them as was done in the past, modern piggy banks contain a
stopper through which the money can be removed.

Some collectors will only acquire piggy banks without the stopper to ensure that
they are antique and vintage. 


WHAT IS THE OLDEST PIGGY BANK?

There are very old piggy banks on display in museums all across the world that
date back before Christ.

However, if we’re talking about pig piggy banks, the oldest one may be in the
National Museum of Indonesia’s collection in Jakarta. It is a 14th or
15th-century figure of a voluptuous boar discovered in Trowulan.


TIPS ON BUYING PIGGY BANKS

 * Purchase the cheapest piggy banks that fit your budget, but store them
   carefully. With this type of collection, time is always on your side. All you
   have to do now is wait.
 * Obtain piggy banks that are in good condition. This type of object requires
   conservation in order to maintain its worth.
 * Collectors will value them higher as long as they are composed of more
   fragile materials.
 * Modern designs built of low-cost materials such as plastic are worthless.


FINAL THOUGHTS

Investing in vintage piggy banks can be a delightful activity that can bring a
lot of joy, as well as a solid long-term business.

If you want to become a successful collector, get assistance from the most
knowledgeable people and thoroughly research the industry.

Patience is required for both this activity and filling your favorite piggy
bank. Ready to acquire the first piece of your collection?

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