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Rabbi A. P. Bloch wrote that "The tradition of giving money (Chanukah gelt) to children is of long standing. The custom had its origin in the seventeenth-century practice of Polish Jewry to give money to their small children for distribution to their Torah-teachers. In time, money was also given to children to keep for themselves.

According to the Magen Avraham commentary (17th cent.), it was the custom for yeshiva students to visit homes of Jewish benefactors who dispensed Chanukah coins (Orach Chaim 670). The rabbis approved of the custom of giving money on Chanukah because it publicized the story of the miracle of the oil."

According to popular narrative, it is linked to the miraculous victory of the Maccabees over the ancient Greeks. To celebrate their freedom, the Hasmoneans minted national coins, some of which are still extant.

Twentieth-century American chocolatiers picked up on the concept by creating chocolate gelt. This version of Hanukkah gelt is very popular.

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Q: Why do children get gold coin candy at Hanukkah?
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