Found a few years ago, finally got it tumbled? What is it?

PI PETE

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ImageUploadedByTreasureNet.com1507596074.753854.jpg
 

No gold in NY

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I'd say it is the top of a coin bank.
 

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PI PETE

PI PETE

Hero Member
Aug 10, 2009
550
291
Detector(s) used
Excal_1000 / Whites VX3 / Shadow 2-Troy / & Infinium L-S/Garrett / AT GOLD
Primary Interest:
Beach & Shallow Water Hunting
Thanks anyone know when they started being made?
 

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jewelerguy

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Thanks anyone know when they started being made?

they date from the 1920s - 1930s. Known as a 'deposit developer', they were a promotional give away item from banks to promote saving. In some cases, the bank would keep the key to encourage you to bring it in and have them open it and put your money into your savings account. Back in the days when savings accounts paid 4% or better in interest and practically all spending money was coinage because people had very little folding money
 

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