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Re: OT Coin Question


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Posted by Tom in TN on September 04, 2015 at 19:26:39 from (70.210.57.127):

In Reply to: Re: OT Coin Question posted by mattwillson on September 04, 2015 at 17:48:47:

Matt,

This is just a guess, but it might have some validity. Some of the coins are commemmorative, like the Detroit/Canada Tunnel. Probably distributed when the tunnel was dedicated.

The others, that reference sales tax, are possibly tokens that retail merchants used to give to customers when the customer bought something and had to pay sales tax on it. I grew up in Ohio in the 1950s. All of the merchants were required to give small, paper "stamps" to the customers that equalled the amount of sales tax that the customer paid. There were many, many denominations of sales tax stamps. My parents bought a new car in 1955. The sales tax was a couple of hundred dollars. The car dealer gave them some high denomination tax stamps and some low denomination stamps to equal the amount of sales tax that they paid.

Schools, and other non-profits used to collect the stamps and redeem them from the state for a portion of the face value of the stamps that they had accumulated.

Maybe - maybe - the tokens served the same purpose in their respective states.

Tom in TN


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