Balfour Budget Bank for Class Ring

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Balfour Budget Bank for Class Ring This is a bank made by Balfour a company that makes class rings. It is for the purpose of saving money for a class ring. On the back is instructions on how to open it and tells you that it locks at first dime and unlocks at $5.00. This measures 2-1/2" x 2-1/2" and is metal. Do you think class rings used to cost only $5.00?