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Tax Token (US)
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).
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