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Token: US Utah Sales Tax Emergency Relief Fund 1 and 5 Mills  1933
Token: US Utah Sales Tax Emergency Relief Fund 1 and 5 Mills 1933

Don't you just love politics? The 'Emergency Relief Fund' was established in Utah in 1933, during the throws of the Great Depression. The legislation that enacted the sales tax for the Fund was supposed to expire two years later. Somehow, the state of emergency continues to this day, because the sales tax is still going strong.

Back when 1 US cent had value, merchants and their customers needed something smaller than 1 cent to pay sales tax, which often computed to fractions of one cent. The 'tax token' was born, with 10 tokens equal to one cent. The official denominations in Utah were 1 mil1 (round hole) and 5 mills (star hole), where 1 mill equals 1/1000 dollar, or 1/10 cent.

Buckets and buckets of these tokens were produced. They carry essentially no value today:

1 MILL AND 5 MILL TOKENS:
worn: less than $1 US dollar approximate catalog value
average circulated: less than $1
well preserved: less than $1
fully uncirculated: less than $1

The string full of tokens in our secondary picture might sell for $3 or so to a token collector.

Coin: 20458 , Genre: Tokens
Requested by: alfred, Wed, 30-Dec-2015 07:53:03 GMT
Answered by: Paul, Wed, 30-Dec-2015 15:20:53 GMT
Requester description: holed coin with writing around edges denomination on both sides inner ring has stars around it
background info
http://le.utah.gov/lrgc/briefings/SalesTaxBriefingPaper.Sept11.pdf
mine is figure 1 on the left
Tags: token utah sales sale tax emergency fund 1 5 mills mils jetton jets jeton ietton tokens exonumia jet jetons mil holed hole denomination ring circle stars star lrgc sept september 11 mine holes circled encircle circlet circles loops circal encircled circuit ringed circumscibed incircled circel circumference encircles encircling rings circling loop circular circumscribed starrs septembre setyembre mines mining

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Wed, 24-May-2017 11:40:03 GMT, unknown: 17767219