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Wonderful Numismatic Collectors Item
Missouri Tax Tokens

Twenty Tokens in the listing, all 1 mill

These have been used and carried in pockets, while most of them are nice and flat, there will be a couple that are not completely flat.

Great for all sorts of projects, fantastic collectible item.

Here is an explanation of tax tokens taken from a Numismatic source, if you aren't familiar with them.

Sales tax tokens were made in great quantities starting in 1935 in order to give change for sales taxes. Sales tax resulted in the final price of items having fractions of a cent. For example, purchase of a $1.25 item, taxed at 3%, would cost $1.2875, or $1.28 and 3\/4c. Sales tax tokens denominated in fractions of a cent, or "mills" (1 mill = 1\/1000 of a dollar, or 1\/10 of a cent). So in the above example, the customer would pay $1.29 and receive 2.5 mills in tax tokens as change. If the next purchase came to $3.4325, the customer could pay $3.43 plus the 2.5 mills in tax tokens. People did not like having to carry a second set of coins, and to further complicate matters, different states issued different tax tokens. The use of tax tokens declined and was finally discontinued in 1961, and people basically decided not to worry about fractions of a cent.

"Coinlike" tax tokens were issued by twelve different states (Alabama, Arizona, Colorado, Illinois, Kansas, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, Utah, and Washington state). Tokens were made of aluminum, copper, zinc, brass, plastic (in several colors), fiber, cardboard, and paper. 1 and 5 mills are the most common denominations, but other denominations include: 1\/5 cent, 1 1\/2 mills, and "Tax on 10c or less."
  • Listed on Dec 27, 2009