NAICS Code 424990-31 - Coin Banks (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 424990-31
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NAICS Code 424990-31 Description (8-Digit)

Coin Banks (Wholesale) is a subdivision of the Other Miscellaneous Nondurable Goods Merchant Wholesalers industry. This industry involves the wholesale distribution of coin banks, which are containers used for storing coins. Coin banks are typically made of materials such as plastic, metal, or ceramic and come in various shapes and sizes. The industry caters to a wide range of customers, including retailers, gift shops, and online marketplaces.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 424990 page

Tools

Tools commonly used in the Coin Banks (Wholesale) industry for day-to-day tasks and operations.

  • Coin counting machines
  • Packaging equipment
  • Labeling machines
  • Pallet jacks
  • Hand trucks
  • Shrink wrap machines
  • Tape dispensers
  • Scissors
  • Box cutters
  • Staplers

Industry Examples of Coin Banks (Wholesale)

Common products and services typical of NAICS Code 424990-31, illustrating the main business activities and contributions to the market.

  • Piggy banks
  • Novelty coin banks
  • Ceramic coin banks
  • Metal coin banks
  • Plastic coin banks
  • Coin banks with locks
  • Coin banks with digital counters
  • Coin banks shaped like animals
  • Coin banks shaped like buildings
  • Coin banks for children

History

A concise historical narrative of NAICS Code 424990-31 covering global milestones and recent developments within the United States.

  • The history of the Coin Banks (Wholesale) industry dates back to the 18th century when the first piggy banks were introduced in Europe. These banks were made of clay and were used to store coins. In the 19th century, the first mechanical banks were introduced in the United States. These banks were made of cast iron and had moving parts that would activate when a coin was inserted. The first coin banks were designed to encourage children to save money. In the 20th century, the industry saw a shift towards plastic banks, which were cheaper to produce and more durable. In recent years, the industry has seen a rise in demand for novelty coin banks, such as those shaped like popular characters or objects. In the United States, the Coin Banks (Wholesale) industry has seen steady growth in recent years. The rise of e-commerce has made it easier for wholesalers to reach a wider audience, and the popularity of online marketplaces has made it easier for consumers to find and purchase coin banks. Additionally, the industry has seen a rise in demand for eco-friendly coin banks made from recycled materials. Overall, the industry has remained stable and is expected to continue to grow in the coming years.