
Kudos to Patti. The pig is not ceramic, but your guess was close enough. The pig, a child's bank, is made of compressed fiber, sort of like masonite molded into a shape. It came from my grandmother's house and must have been hers as a child since the name "Lora" is pencilled onto the bottom, right above MADE IN USA. As an adult she went by Lora Pearl (her middle name) until she married, and then adopted the sobriquet "Molly." She married a man whose middle name was Clarence (although he did not go by that name, but by "A.C." or "Fibber").

So since the word Clarence is written on the pig's posterior, the question is, when did she put the name there? The only "coin" it contains is "consumer tax check" from Oklahoma (curently worth about $3-5 on eBay). My grandparents lived in Oklahoma briefly before moving back to Texas, so maybe that's when it was acquired.
The left rear leg has been damaged, evidently when someone tried to drive a nail into it (see photo below). Why was that done? Clarence is too stoic to give a reply. He simply stares off into space, perhaps contemplating those dust bowl days in Oklahoma.