silver ornate filligree pin |
Eventually Birmingham became the centre of pin making. Manufacture was spurred on by the advent of the First World War. Importing from France was one way of keeping up with demand. Alarmed at the effect the imports had on the balance of trade, Parliament passed an Act restricting the sale of pins to two days a year, at the beginning of January. Ladies saved their money all year to be spent on pins in an early example of the "January sales"! This is thought to be the source of the term "pin money." However as Queen Victoria taxed her subjects at the beginning of each year to pay for her pins, this could also be the source of the term. |