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Alwin C. Carus Coin Collection

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Home United States, Missouri, 1 Mill, Sales Tax Token, 1935-1961

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United States, Missouri, 1 Mill, Sales Tax Token, 1935-1961

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Title	United States, Missouri, 1 Mill, Sales Tax Token, 1935-1961
Obverse	State of Missouri, Number 1, "Missouri, Sales Tax Receipt"
Reverse	State of Missouri, Number 1, "Missouri, Sales Tax Receipt"
Type/denomination	1 Mill, Sales Tax Token
Origin	USA, Missouri
Period	1935-1961
Description	This zinc coin is an example of a Missouri one mill sales tax token or sales tax receipt worth one tenth of a cent. Both the obverse and the reverse show the state of Missouri in the center of the token with the number "1" inside and the words "Missouri" and "Sales Tax Receipt" around it. Missouri issued a variety of sales tax tokens, and though this is example is made from zinc, some of the first tokens were plastic milk bottle caps. Missouri had sales tax tokens from August, 1935 to December, 1961. Missouri was one of the first states to issue these tokens and the last to remove the sales tax token laws from its books. During the Great Depression, some states implemented a sales tax to raise revenue. The sales tax was usually 1-3% of the purchase, and with purchases under a dollar, it was difficult to charge tax because it is impossible to give change in tenths of a cent. If the seller rounded down, then no tax would be charged, and if he rounded up, then he would lose money and the government would gain more than the sales tax. So, twelve states issued sales tax tokens, also called sales tax receipts, so people could pay the sales tax. Thus, if someone purchased an item worth ten cents and the sales tax was two percent, then the seller would charge eleven cents and give the customer sales tax tokens totaling eight mill for change. They would then use these tokens to pay the tax on other purchases.
Publisher	Hillsdale College
Donor	Alwin C. Carus
Collection	Tokens, Medals, and Non-legal Tender
Accession number	20051106

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United States, Missouri, 1 Mill, Sales Tax Token, 1935-1961

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