Tax Tokens - Coin Community Forum

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Author	Replies: 7 / Views: 2,108
Adam_E Pillar of the Community United States 4846 Posts	Posted 01/02/2010 2:48 pm i found these 2 tax tokens from my old coinage both of them together weigh 1 or 2 grams but I was wondering if they were worthles or not Edited by Adam_E 01/02/2010 2:49 pm Report this Post to the Staff

WpgLwr Pillar of the Community Canada 1082 Posts	Posted 01/02/2010 3:12 pm No, some people actually collect these. I think Sap had a couple of tax tokens on his wantlist. Report this Post to the Staff
Adam_E Pillar of the Community United States 4846 Posts	Posted 01/02/2010 3:13 pm cool Report this Post to the Staff
GO Moderator United States 6563 Posts	Posted 01/02/2010 11:14 pm Interesting. I thought that Luxury Tax was only something on monopoly Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 01/03/2010 7:56 pm Used to be common in many States. Of course you would have to be as old as me to remember them. Way, way back when I was a kid I had relatives in Missouri. When we visited them they would give me some of those tax tokens. As a little kid I thought I was now rich. In Missouri they had plastic and metal ones. Most of the metal ones were for $0.005 and the plastic ones were for $0.001 each. Some of the metal ones had hole in the center. Many of the plastic ones were either green or red and I have no idea why. I've stil got a roll of them. Used to have hundreds of them but as a kid, gave most away. The purpose was that if you purchased something for $1.00 and the sales tax was .01%, the only way to pay that amount would be in what was called MILLS or TAX TOKENS. Imagine today in most places a sales tax that would require something as small as $0.0001 Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 01/05/2010 5:13 pm Quote: Of course you would have to be as old as me to remember them. Watch it Carl you wouldn't have to be much older than me to remember them. Missouri didn't stop using them until 1964. Quote: Imagine today in most places a sales tax that would require something as small as $0.0001 The mil token is $0.001 If your state had a 1% sales tax the tax on a ten cent purchace was one mil or one tenth of a cent. (Most states had a 1 or 1 1/2% rate. I think the highest state rate was 2%) Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 01/05/2010 6:13 pm Missouri also had cardboard tax tokens in addition to red and green plastic and zinc tokens. Most states used inexpensive materials such as plastic, zinc, and aluminum. Report this Post to the Staff
cladking Pillar of the Community United States 2270 Posts	Posted 01/08/2010 12:16 am Most tax tokens are extremely common especially compared to the demand. There are many varieties and some of these can be tough. Many are at least a little uncommon in Unc condition and they can be nearly impossible in gem. These are often collected with the OPA ration coupons from WW II. There are several tokens issued by IL counties and municipalities that are tougher as well. These tokens are truly coins since they were issued and used as money by a government entity. For some reason people prefer to call them tokens. The food stamp tokens issued by the federal government also have most or all of the defining characteristics of coins. They, like the tax tokens, were intended for limited use in transactions but they weren't always used this way and actually circulated as lawfully issued money. Both were discontinued for this same reason. Time don't fly, it bounds and leaps. Report this Post to the Staff
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