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1937 to 1942 1 Mill - Missouri Sales Tax Receipt Token
1937 to 1942 1 Mill - Missouri Sales Tax Receipt Token

1937 to 1942 1 Mill - Missouri Sales Tax Receipt Token

$ 1.05

Availability: 83 in stock
  • Composition: Zinc
  • Value: 1 Mill (0.001)
  • Thickness: 1 mm
  • Condition: This item is pre-owned and does show some signs of wear due to age and normal use. Overall this item is in good condition. Please look at the pictures carefully and use them to determine the items condition.
  • Circulated/Uncirculated: Circulated
  • Modified Item: No
  • Country/Region of Manufacture: United States
  • Type: Trade Tokens - Taxation Token
  • Years: 1937 to 1942
  • Weight: 2.80 g
  • Size: 23 mm
  • Shape: Round

    Description

    1937 to 1942 1 Mill - Missouri Sales Tax Receipt Token
    Description:
    Vintage 1 Mill - sales tax receipt token from the state of Missouri. Various states issued sales tax tokens to account for fractions of a cent when computing tax. The tax tokens from Missouri are from the Depression era. They were used when the sale's tax on an item was less than a cent.
    Since 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.
    The numismatic (coin collector) problem with these tokens is that they are made of zinc. Zinc corrodes like crazy, so most tokens you see today are ugly.