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Rare Toy Bank Brings $266,500 at Auction

Who would have thought that a toy bank could be worth so much money? Yet this toy bank, thought to be the only one in existence, was sold for $266,500 at Freeman’s American furniture, folk and decorative arts auction. The toy’s condition helped to bring in such an offer as well as the toy designer/creator, Charles A. Bailey.

The bank was found in an attic in Peebles, Scotland. Once the bank was determined to be American, it was decided to sell the bank at Freeman’s auction house in Philadelphia.

The bank depicts a baby on a sled with his legs straddling a coin slot. As the sled goes down a steel slide, the coin is deposited in a cast lead bank.

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