Because cents were valuable in the Depression years of the 1930's, Some States issued sales tax tokens either in fractions of a cent or mills (1 mil=1000th of a cent). Since Sales tax would be exact and there were no fractional cents to give change, the final price of an item was rounded up and the difference paid back to the customer in sales tax tokens. These tokens could be used to pay all or part of any sales tax at the time of another purchase.
Hmm, I wonder if we have that tax system today… if so, everyone may rely in this coin rather than credit cards for shopping. Ha ha ha! I think that coin can fetch a handsome price in an auction! It looks like a very rare collector's item.
ReplyDeleteClemencia Summers
Several of the items from the old house are for sale on
ReplyDeletehttp://www.etsy.com/shop/vintagehouses including this coin.