What were mill coins used for?

sales tax tokens
“Mill” coins – more commonly known as sales tax tokens – were issued by some states beginning in the mid-1930s to allow for exact payment of taxes of less than 1 cent.

What coin is smaller than a penny?

While the nickel is a bit larger and thicker than the penny, it’s certainly not five times bigger. Things get even more confusing when you consider the dime. Worth ten cents, the dime is not ten times bigger than the penny. In fact, it’s actually smaller!

What is the least expensive coin?

The title of Least Valuable Coin in the World goes to Uzbekistan’s one-cent coin, the tiyin, 1,999 of which are needed to equal a single U.S. penny, the BBC notes. Also making the list is Madagascar’s two-iraimbilanja coin, worth a mere 1/55th of a U.S. penny.

Tokens in this denomination were issued by some states and local governments (and by some private interests) for such uses as payment of sales tax. These were of inexpensive material such as tin, aluminium, plastic or paper.

What is OPA Red Point Token?

They were used to make exact change when somebody bought food with rationing stamps. There are two colors of OPA tokens; blue and red. The red OPA tokens were for things like meats and fats, while the blue tokens were for processed foods.

How are sales tax tokens used in Missouri?

Since there were no fractional cents to give change, the final price of an item was rounded up and the difference paid back to the customer in sales tax tokens. These tokens could be used to pay all or part of any sales tax at the time of another purchase. The numismatic (coin collector) problem with these tokens is that they are made of zinc.

When did they start making Mississippi Tax tokens?

Mississippi – Mississippi tax tokens were used between 1936 and 1941. The 1-mill piece was made of aluminum while the 5-mill piece was made of brass. Missouri – Missouri used green plastic for its 1-mill tokens and red plastic for its 5-mill tokens. The state issued tax tokens between 1943 and 1954.

When did New Mexico start issuing tax tokens?

Missouri – Missouri used green plastic for its 1-mill tokens and red plastic for its 5-mill tokens. The state issued tax tokens between 1943 and 1954. New Mexico – In 1935, New Mexico issued a variety of tax tokens in support of its emergency school tax.

Can you use sales tax tokens to pay taxes?

These tokens could be used to pay all or part of any sales tax at the time of another purchase. The numismatic (coin collector) problem with these tokens is that they are made of zinc. Zinc corrodes like crazy, so most tokens you see today are ugly. If you can find a nice one, it is worth small amounts, as follows: