|From the Desk of
I am delighted in placing Gullak (the
Complete Monthly Newspaper for Coins, Paper Money, Antiques and
Collectibles) in your hands.
Gullak is a Hindi derivative of English
Good Luck. The word Good Luck refers to an Indian
custom where guest of a house gives a small change in the hands
of host’s kids. This small change is usually placed by the
kids in a Piggy Bank as savings. Consequently,
the word Gullak became a synonym for
Piggy Bank. Whatever, be the origin of the word Gullak,
now collectors have found a novel way of collecting these Piggy
Banks themselves as interesting objects of collection.
Keeping in mind this inherent nature of saving tit-bits in a
place, we have christened this newspaper Gullak,
as it is going to be a depository of numismatic information. Gullak
is a platform where every numismatist is bound to find things
of his interest, be it a collector, a dealer, a scholar or an
investor. The whole idea of Gullak is
to present a family newspaper that covers the whole of numismatic
industry. You will find here scholarly articles; popular notes
& information; new discoveries; profiles of numismatists;
news pertaining to recent developments & new issues from Indian
mints; fakes; reports of recent coin fairs; and of course, advertisements.
Although there is a subscription for hard copies of Gullak,
which shall cover its production cost; the soft copy
of Gullak is uploaded on the Internet and one can
read it there or download and print it at home for absolutely
free at www.gullak.in.
Gullak is brought to you by Reesha
Books International, India’s only publisher of numismatic
books. Gullak is supported by over a
dozen of correspondents who hail from different areas of numismatic
fraternity. We as a Gullak Team look forward to your suggestions,
additions, opinions and of course your critical evaluations. You
can write to us at our Editorial Office or E-mail on
. We will be pleased to publish them in forthcoming issues.
Looking forward to interacting with you every month, I remain.
What is Gullak?
Piggy Bank (sometimes Penny Bank or Money Box in English and Gullak
in Hindi) is the traditional name of a coin accumulation and storage
receptacle; it is most often, but not exclusively, used by children.
The Piggy Bank is known to collectors as a “still bank"
as opposed to the "mechanical banks" popular in the
early 20thcentury. These items are also often used by corporations
for promotional purposes.
Piggy Banks are typically made of ceramic or porcelain, and
serve as a pedagogical device to teach the rudiments of thrift
and savings to children; money can be easily inserted, but in
the traditional type of bank the pig must be broken open for it
to be retrieved. Most modern Piggy Banks, however, have a rubber
plug located on the underside; others are made of vinyl and have
a removable nose for easy coin access. Some Piggy Banks incorporate
electronic systems which calculate the amount of money deposited.
The etymology of the noun Piggy Bank is also interesting: In
Middle English, pygg referred to a type of clay used for making
various household objects such as jars. People often saved money
in kitchen pots and jars made of pygg, called pygg jars. By the
18thcentury, the spelling of pygg had changed and the term pygg
jar had evolved to Pig Bank. Once the meaning had transferred
from the substance to the shape, Piggy Banks began to be made
from other substances, including glass, plaster and plastic.
An alternative theory of the etymology of the Piggy Bank is
that in ancient times, scraps of food, and food that would otherwise
spoil, could be "saved" and/or "invested"
(and to an extent "recycled") by being fed to the domestic
pig and in doing so fattening the pig for subsequent eating or
sale. As pigs eat such a variety of foods in so many conditions,
the strategy paid off for peoples in all continents and the strategy
was passed on from generation to generation. Then when money was
introduced into society, the already firmly established cultural
habit of saving food scraps by depositing them in the pig was
then supplemented, and in more developed/urban societies was supplanted,
by the saving of scraps of money rather than food in the Piggy