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My latest junk shop find...VIDEO POSTED

OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭
edited December 27, 2019 11:56AM in U.S. Coin Forum

Not normally into these, but the anchor caught my attention.

This is a mechanical bank from the Suffolk Savings Bank for Seamen and Others. Here is what I know so far:

  1. There ARE coins in it
  2. The key is with it
  3. The bank was founded in 1833 and closed in 1933 (the depression?)
  4. The key is double-ended; one end to reset the amount and the other to open the back

The way it operated was you would put your coins into the slot on the side and operate the slide. Your coins would drop in and when it was full, you would take it to the bank where they would open the bottom, remove your coins and deposit them into your savings account, then they would insert the opposite end of the key in the top center to reset the counter to zero. The bank maintained the key so this is a very rare find.

I haven't opened it yet. I'd like to make a video of the opening and post it if I can get some advice. I am not tech savvy like that.



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