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To satisfy my curiosity I did some piggy bank research and have learned some interesting things and thought I'd share them with you.
As you well know, many, particularly ceramic, piggy banks do not have an opening to remove the money. Now why is that? The theory goes that this is to serve as a lesson in finances for children. The piggy bank enables a child to save his money but forces him to justify its spending as in order to access the money he needs to break his piggy bank. This lesson seems to have been forgotten by many adults! Maybe we should keep a piggy bank in our front foyer and deposit our loose change as we come home each day! I digress?
The question still remains, why is it called a piggy bank and why is it in the shape of a pig?
One theory is that just as it was common to purchase a piglet and feed it with scraps until it was finally ready for slaughter, so too we feed our piggy bank with small change (?scraps?) until it is full and then break it to reap the rewards of our investment. According to this, the piggy bank would also be appropriate for adults.
A more popular theory is that, in fact, the original piggy bank had absolutely nothing to do with a pig! In the Middle Ages, when metal was expensive, an inexpensive, orange colored clay, called pygg, was the common media for making pots and jars, and was referred to as a pygg jar, for example. One of these jars was often used to hold coins. Eventually, the pygg jar or pygg bank used for coins, surely accidentally, became known as a pig bank or piggy bank! The general consensus is that this evolution transpired a few hundred years ago in
The oldest recorded piggy bank in the shape of a pig is claimed to be 1500 years old from
Understandably, the piggy bank is not popular in all cultures. The pig is considered an impure animal according to the Old Testament and hence is not owned, eaten nor benefited by Jews. Similarly, Islam forbids the eating of pork due to being impure. Hence, one would not expect to find too many piggy banks in Muslim countries and in homes of those of the Jewish and Islam faiths.