1935 - One Mill New Mexico Emergency School Tax Token.

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Author	Replies: 3 / Views: 18,865
JOE Valued Member United States 164 Posts	Posted 01/18/2009 7:53 pm 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 Report this Post to the Staff

biokemist6 Bedrock of the Community United States 12437 Posts	Posted 01/18/2009 10:40 pm 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/ Report this Post to the Staff
JOE Valued Member United States 164 Posts	Posted 01/18/2009 10:51 pm 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... Report this Post to the Staff
Sap Moderator Australia 16832 Posts	Posted 01/19/2009 06:54 am 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 Report this Post to the Staff
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