14 Apr 2021
November 25, 2013 - Filed under: Antiques News — David

An unusual money box which had been lost for more than 100 years has been found in an attic in Scotland. The rare item was recently appraised during the filming of Antiques Roadshow, before being sold at auction for almost nine times more than the original estimated value.

The ‘Coasting Bank’ was discovered by a lady who was clearing out her mother-in-law’s attic in Peebles, Scotland. When it was taken to filming of the Antiques Roadshow, experts there believed it may be extremely valuable and estimated its worth up to £31,038. The money box was sent to the US where it was put up for auction, causing quite a stir among collectors there; the piece eventually sold for £165,500.

The unusual toy bank is in excellent condition and is believed to be the only one of its kind. Experts think it was made by Charles A. Bailey, a famous toy designer who worked for J & E Stevens, manufacturers of mechanical banks, until 1915. The only other time that the item has been revealed to the public was in 1884, in Ehrich’s Fashion Quarterly.

Rare objects can be discovered in the most unusual places, especially if they haven’t been used for some time. Antique furniture is often stored away, only to be discovered at a later date when having a clear out. Some of the pieces which can be found at antiques dealers in Lancashire, including antique bookcases, are in excellent condition and will complement the finest homes.

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