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​From Pygg Jars to Digital Savers: The Fascinating Evolution of Piggy Banks

Posted by Latent Hart on 15th Jul 2024

​From Pygg Jars to Digital Savers: The Fascinating Evolution of Piggy Banks

Piggy banks – those adorable ceramic figures with slots for coins – are a beloved childhood icon. But did you know that their history goes back centuries and involves linguistic twists, accidental inventions, and changing ideas about saving money? Let's dive into the fascinating evolution of piggy banks:

The Humble Beginnings: Pygg Pots

The story of piggy banks begins in the Middle Ages, long before the rise of modern banking. People in those times didn't have secure places to store their spare change, so they improvised by using any available containers. One popular material for making household items was a type of orange clay called "pygg." People would store their coins in these clay jars, which came to be known as "pygg pots."

A Linguistic Twist

As the English language evolved, the pronunciation of the word "pygg" (referring to the clay) changed, eventually sounding the same as "pig." By the 18th century, potters, perhaps with a sense of humor, started crafting "piggy banks" shaped like pigs, playing on this linguistic coincidence.

The Rise of the Ceramic Pig

By the 19th century, the iconic ceramic pig had become the standard form for piggy banks. These cute figures were often given to children as a way to encourage them to save money. However, these early piggy banks didn't have removable plugs; to get the money out, you had to smash them!

Modern Innovations

In the 20th century, piggy banks became more user-friendly, featuring removable stoppers or openings so you could retrieve your savings without breaking the bank. They also diversified in materials, with plastic, metal, and even electronic piggy banks appearing on the scene.

The Digital Age

Today, piggy banks have entered the digital age. Apps and online platforms allow you to set savings goals, track your progress, and even earn interest on your virtual "piggy bank." While these digital versions offer convenience, there's still something special about the tactile experience of dropping coins into a physical piggy bank.

Piggy Banks as Collectibles

Vintage piggy banks have become sought-after collectibles, with rare or unique designs fetching high prices. Some people collect them for their nostalgic value, while others appreciate them as works of art or cultural artifacts.

The Enduring Appeal of Piggy Banks

Despite the rise of digital banking, piggy banks remain a popular symbol of saving and financial responsibility. Their simple charm and playful design continue to delight children and adults alike, reminding us of the importance of setting aside money for the future.