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Tax Token (US)

 Date: 1941 
 Mint mark: not apparent 
 Size: medium 
 Description from requester: I bought this coin at an antique shop for $5 it says that it is a 1941 Washington 3% Tax Token and that it's rare.....but i looked all over the internet and wasn't able to find anything about it.....the other problem is it's warn down so i can't tell exactly what it looks like all i could tell you is that on the back there's a line going through it and on the top of the line it say 3% Tax and on the bottom of the line it says token....... 
 [Request 5880 received from Sunshine99, Saturday, 06-Nov-2010, answered by Paul] 
 [Reviewed by CoinQuest. Appraisal ok., Thursday, 09-Aug-2012] 

Tax Token (US) | tax token hole aluminum commerce over washington i 5 line an down so 3 tokens toke usa holes holed aluminium Tax tokens are from States with sales tax and sharp pencils. They have been used over the years to account for the finicky problem of levying sales tax on small purchases. It the tax is 3 percent, and the purchase is 10 cents, how does a merchant collect .03 cents in sales tax? Easy -- use tax tokens.

This has become less of a problem recently, since one cent is essentially void of value.

Most tax tokens sell to collectors for $1 to $5 US dollars. There are some tokens which are worth more. The best place to go for detailed information is (where else?) the American Tax Token Society. Look up your specific token in their comprehensive catalog. Then apply the information in CoinQuests Important Terminology discussion (link at upper left).

Tags: tax token hole aluminum commerce over washington i 5 line an down so 3 tokens toke usa holes holed aluminium alum washed downwards wash lines downward us

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 Coins like this one
   Categories > Tokens > Tokens for commerce

Fri, 25-Apr-2014 08:41:45 GMT, unknown: 1283563 ABqWrpBOYSNpE
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