A fun moneybox.

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Project by ruddy posted 11-18-2010 12:26 PM 6761 views 75 times favorited 25 comments Add to Favorites Watch

I made this money box a couple of years ago from some Australian Cedar and West Australian Sheoak that I had available. The top and base is from the Sheoak and the side walls are the cedar. I think the splines were from wenge, I just liked the contrast the very dark wood gives to the appearance.
This design came from and idea I had using very strong rare earth magnets. You can see when the drawer is closed the front face is flush with no handle on the drawer.When the pusher is depressed on the lid, the magnets make the drawer open quickly and the drawer has a space to insert the coins. The pusher handle auotomatically returns to the start position. When the drawer is then closed, the coins automaticaly disappear into the box. The drawer is trapped shut by the magnets. Every time you open the drawer out, the coins have gone. The kids love it…...
The base is screwed to the body with metal thread screws and inserts and when it is full, the grandkids raid it …...

-- And my head I'd be a scratchin'

25 comments so far

View rivergirl's profile


3201 posts in 3888 days

#1 posted 11-18-2010 12:49 PM

This looks so fun! And you’re right- the kids would love it!

-- Homer : "Oh, and how is education supposed to make me feel smarter? Besides, every time I learn something new, it pushes some old stuff out of my brain."

View Ken90712's profile


17984 posts in 4238 days

#2 posted 11-18-2010 01:14 PM

Very cool, pretty neat piggy bank indeed! Love the colors.

-- Ken, "Everyday above ground is a good day!"

View littlecope's profile


3119 posts in 4552 days

#3 posted 11-18-2010 01:20 PM

Fun Stuff, Ruddy!! Do you have any pre-assembly pix? I’d enjoy seeing the “Action” on this…
Well Done, my Friend!!

-- Mike in Concord, NH---Unpleasant tasks are simply worthy challenges to improve skills.

View rkoorman's profile


381 posts in 3874 days

#4 posted 11-18-2010 02:06 PM

that’s a nice christmas gift for my daughter. i just cant understand how the box works. can you shed a little light on this problem??

thanks a lot


woodworker from the netherlands


View Eric_S's profile


1565 posts in 4245 days

#5 posted 11-18-2010 02:39 PM

So they have to break that beautiful box when they want to retrieve money after saving up for something? Or is there a way to remove money without destroying such a nice piece?

-- - Eric Noblesville, IN

View Maveric777's profile


2694 posts in 4126 days

#6 posted 11-18-2010 03:09 PM

Pretty nifty bank Ruddy. Good stuff, and I bet the Grand kids just love it….

-- Dan ~ Texarkana, Tx.

View Cozmo35's profile


2200 posts in 4085 days

#7 posted 11-18-2010 03:29 PM

As Autumn said, “You have to give us the plans for this.” This is an awesome project!

-- If you don't work, you don't eat!.....Garland, TX

View sras's profile


5945 posts in 4179 days

#8 posted 11-18-2010 04:20 PM

Excellent idea! If I have this right, you are using 3 magnets – 1 on the drawer and 2 on the pusher. When the pusher is up, a magnet on the pusher holds the drawer closed. When the pusher is down, a 2nd magnet with reversed polarity pushes the drawer out. A spring holds the pusher up. Very clever!

-- Steve - Impatience is Expensive

View Paul's profile


226 posts in 4501 days

#9 posted 11-18-2010 04:37 PM

How are the coins not falling through when the draw is opened and then allowing them to fall when it is closed?
How did you work that out?

View Eagle1's profile


2066 posts in 4114 days

#10 posted 11-18-2010 04:46 PM

Very neat Idea..

-- Tim, Missouri ....Inside every older person is a younger person wondering what the heck happened

View JJohnston's profile


1622 posts in 4341 days

#11 posted 11-18-2010 05:34 PM

If I’m seeing things correctly, there’s a small pin running laterally at the bottom, front of the drawer. When the drawer is open, the bottom of the opening pushes the drawer bottom up to hold the coins. When the drawer goes in, the bottom can pivot downward on the pin to drop the coins.

-- "A man may conduct himself well in both adversity and good fortune, but if you want to test his character, give him power." - Abraham Lincoln

View falegniam's profile


335 posts in 4002 days

#12 posted 11-18-2010 06:57 PM

Nice idea, and it looks great. Would it be possible to upload a short video of the box in action? Maybe include your grandkids :)

-- If you work you eat - If you don't work, you eat, drink, and sleep.

View mcoyfrog's profile


4757 posts in 4644 days

#13 posted 11-18-2010 09:33 PM

Great design

-- Wood and Glass they kick (well you know) Have a great day - Dug

View woody57's profile


650 posts in 4477 days

#14 posted 11-18-2010 10:25 PM

very nice

-- Emmett, from Georgia

View Jamie Speirs's profile

Jamie Speirs

4168 posts in 3906 days

#15 posted 11-18-2010 10:28 PM

Ruddy that is sheer brilliance.


-- Who is the happiest of men? He who values the merits of others, and in their pleasure takes joy, even as though 'twere his own. --Johann Wolfgang von Goethe

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