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1935 - One mill New Mexico emergency school tax token.

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United States
164 Posts
 Posted 01/18/2009  7:53 pm Show Profile Bookmark this topic Add JOE to your friends list Get a Link to this Message

I found this small unusual coin in a grab bag of foreign coins, so its surprising to see anything from the united states.

This is a strange coin because its extremely light (Aluminum?), and about 2/3 the size of a penny.

I'm curious of it's value also, since I know of no coin book that list this.



Edited by Sap
01/24/2009 06:49 am
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United States
11166 Posts
 Posted 01/18/2009  10:40 pm  Show Profile Check biokemist6's eBay Listings Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
A mill is 1/10 of a cent. When sales taxes were first implemented, you usually had fractional values for prices so these tokens were issued to create change for those situations. Only about 10 or 11 states issued these tokens and many of them are made with inexpensive materials- aluminum, zinc, plastic, etc. You might find this site interesting and it should give you some more specific info for New Mexico- http://www.taxtoken.org/
ANA R-3151318
Valued Member
United States
164 Posts
 Posted 01/18/2009  10:51 pm  Show Profile Bookmark this reply Add JOE to your friends list Get a Link to this Reply
Hah, thanks, I've never heard of a tax token before, or a mill, It must have been frustrating to have to carry these around...
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Australia
11371 Posts
 Posted 01/19/2009  06:54 am  Show Profile Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Frustrating, yes, especially for people who travelled interstate a lot. New Mexico tax tokens wouldn't have been accepted in Louisiana, nor vice versa.

The people most upset were the lawyers for the US Treasury, who tried to prove the tokens were in fact coinage, issued by authority of the states - something a US state is prohibited from doing.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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