“The tooth fairy originated in the concept of giving a child a gift in exchange for a lost tooth, which has its earliest expression in the Icelandic Eddas,” said Tucker. The Eddas were written in the 13th century.
“Sometimes an animal is said to take the tooth: for example, Mexican parents may tell their children to expect a visit from the tooth mouse.”
Tucker added that the rate of exchange for a tooth has gone up over the years.
“In the 1950s in the USA, children hoped to get a dime or a quarter; these days, children may expect to get a dollar or more,” she said.
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