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).
, Genre: United States
Requested by: Sunshine99, Sat, 06-Nov-2010 13:28:43 GMT
Answered by: Paul, Sat, 04-May-2013 13:10:52 GMT
Reviewed by CoinQuest. Appraisal ok., Thu, 09-Aug-2012 01:35:09 GMT
Requester description: 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.......
Tags: token tokens toke usa us tax hole i an 5 washington 3 over down so line
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