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:

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
mine is figure 1 on the left 1 (cent?) Utah sales 1 tax token 1
emergency relief fund
Tags: token us usa utah sales sale tax emergency relief fund 1 5 mills mils tokens toke mil holed hole denomination inner ring circle stars star le lrgc sept 11 mine holes circled encircle crrcle cirle circlet circles circlr circal citcle encircled ringed circumscibed cirlce circel encircles encircling rings circling cirlces circular cicurling circumscribed starrs mines




Copyright 2009 to 2016
all rights reserved.
Sat, 03-Dec-2016 00:14:44 GMT, unknown: 10832001