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<p>[QUOTE="Troodon, post: 143131, member: 4626"]Basically, for a while some people were concerned that fractional tax rates would casue people to overpay when the fractions of a cent were rounded up, so most states produced tax tokens that could be used to pay the fractions of a cent left over. These were made in various materials, have seen brass, aluminum, plastic, and even cardboard. After a while people decided that the amount rounded off, as long as it was done at the end, wouldn't add up to a significant amount to worry about (and half the time the rounding would be in their favor anyway) so they just quit producing the tokens. I have quite a few myself from Washington and Oklahoma that my grandmother saved. Most were produced from the 1940's until the early 1960's.</p><p><br /></p><p>They aren't worth a whole lot because they were produced in huge numbers and there isn't much collector's interest in them, at least not right now. If you want to collect these you can do so very cheaply.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 143131, member: 4626"]Basically, for a while some people were concerned that fractional tax rates would casue people to overpay when the fractions of a cent were rounded up, so most states produced tax tokens that could be used to pay the fractions of a cent left over. These were made in various materials, have seen brass, aluminum, plastic, and even cardboard. After a while people decided that the amount rounded off, as long as it was done at the end, wouldn't add up to a significant amount to worry about (and half the time the rounding would be in their favor anyway) so they just quit producing the tokens. I have quite a few myself from Washington and Oklahoma that my grandmother saved. Most were produced from the 1940's until the early 1960's. They aren't worth a whole lot because they were produced in huge numbers and there isn't much collector's interest in them, at least not right now. If you want to collect these you can do so very cheaply.[/QUOTE]
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