Finders. Keepers.
Believe it or not, we have the Civil War to thank for the invention of mechanical banks. Here’s why: during the conflict both the North and South created their own paper money. The public, however, was leery of these new currencies, which lacked intrinsic value. On the other hand a coin, no matter its value, would always be useful as metal – therefore worth keeping. Shortly after the conclusion of the war, the first mechanical bank appeared. Half bank, half toy, it was designed to encourage youngsters to save by giving them a little free “show” with each penny inserted. [...]