Vintage Missouri Sales Tax Receipt Metal Token Coin

Description

Here is a piece of history from the Great Depression, a Missouri Sales tax token.  Missouri used these tokens from 1925 to 1940.  Merchants had to pay sales tax to the state on the total amount of sales made by the merchant for each day's sales.  If the sales tax rate is 3% and a kid buys a 10 cent piece of candy there is no way to collect the three-tenths of one cent.  If you rounded down that meant that the merchant could not collect anything for the tax. If you rounded up the state was gaining 7 tenths of a cent on every 10 cent sale. So if the merchant sold 100 pieces of candy he was losing 30 cents a day in tax revenues to the state, so the token was created. This allowed the merchant to take 11 cents for the first piece of candy and give change back in mills. The next time you wanted to buy a 10 cent piece of candy you could present the merchant with the 10 cents and a token to complete the transaction. This allowed the merchant to collect the sales
tax on each transaction.
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