What are tax tokens worth?

Are old tax tokens worth anything?

The tokens are avidly sought after by a small group of collectors – many of whom are members of the American Tax Token Society. Sales tax tokens tend to be junk box material, often selling for a dime or so. Some rare varieties, though, have sold for as much as $500.

How much is a Missouri sales tax token worth?

This zinc coin is an example of a Missouri one mill sales tax token or sales tax receipt worth one tenth of a cent.

How much is a Kansas tax token worth?

Price: $1.00 to $3.00. Each token has a number associated with it. For example, the first listed state issued Kansas token is KS-S1.

What is a Washington tax token?

Tax tokens were created as a means for consumers to avoid being “overcharged” by having to pay a full penny tax on purchases of five or ten cents. Issued by private firms, municipalities and by twelve state governments, sales tax tokens were generally issued in multiples of 1 mill or one tenth of a cent.

What is a luxury tax token?

Luxury tax tokens are collectible coins that represent a the historic period when sales taxes were first instituted in the United States. Only 12 states issued tax tokens and they were primarily sales tax tokens. Alabama issued both a sales tax and a luxury tax token.

Are mills worth anything?

The mill is a unit of currency, used in several countries as one-thousandth of the main unit. In the United States, it is a notional unit equivalent to a thousandth of a United States dollar (a hundredth of a dime or a tenth of a cent).

Which states used tax tokens?

Launch of sales tax tokens The twelve states that issued these sales tax tokens were Alabama, Arizona, Colorado, Illinois, Kansas, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, Utah, and Washington.

What is an Opa red point?

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.

When did Washington state use tax tokens?

In 1935 Washington state caused a stir when their tax laws were passed and implemented on May 21, 1935. The US government and treasury department filed suit against the state of Washington claiming the use of sales tax tokens as an assault on US coinage.

What is underneath a penny?

Half cent (United States coin) – Wikipedia.

What is a 1/10 penny called?

A mill of this kind is a coin, worth one-tenth of a penny.

What does WPB stand for ww2?

During World War II the War Production Board (WPB) was granted supreme authority to direct procurement of materials and industrial production programs. Established by Executive Order 9024 on January 16, 1942, the WPB replaced the Supply Priorities and Allocation Board as well as the Office of Production Management.

What is a Blue Point Opa?

These basically were “small change” for stamps from ration books. The blue tokens had a value of one point and had two letters and read “OPA Blue Point 1.” There are 24 different letter combinations known for the blue tokens.

Can you get rich off penny stocks?

Can you make money on penny stocks? It is possible to make money with penny stocks. Then again, it’s technically possible to make money with any type of stock. Successful investors usually focus on the potential for their stock picks, regardless of price, to gain value over the long term.

Was there ever a coin less than a penny?

The half cent was the smallest denomination of United States coin ever minted. It was first minted in 1793 and last minted in 1857. It was minted with five different designs.

How many mills make a penny?

But I was told to think of it this way — a penny is worth 10 mills.

What coin is worth less than a penny?

Half cent (United States coin)

What are four causes of war?

The M-A-I-N acronym – militarism, alliances, imperialism and nationalism – is often used to analyse the war, and each of these reasons are cited to be the 4 main causes of World War One. It’s simplistic but provides a useful framework.

What does rationing mean in ww2?

Rationing involved setting limits on purchasing certain high-demand items. The government issued a number of “points” to each person, even babies, which had to be turned in along with money to purchase goods made with restricted items.

What is a red point OPA?

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 much is a red point worth?

These tokens were issued from 1942 to 1945 when rationing ended. The letters seem to have had no specific meaning and were apparently random. On various price lists, the blue tokens sell for 80 cents and the red tokens for 40 cents. The few scarcer letters sell for $2 and $4.