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Message:: [QUOTE="Mr. Numismatist, post: 26313314, member: 142588"]It depends on the issuer. The bank issued tokens were treated as currency in the local area. Nearly all the businesses in the area would take them as money because the bank that sold the tokens to the farmers would accept and redeem them from anyone. The farmers of the area's grower associations would agree on what the picking wage for the year would be (which usually was the same year after year) and this in turn set the value of the tokens. For Southwest Missouri, the wage in the late teens to the early twenties was 3 cents per quart. The use of bank issued tokens in Missouri, Arkansas and Oklahoma ended after the picking season of 1922.[ATTACH=full]1680008[/ATTACH]"The Numismatist Vol. 36 1923" [ATTACH=full]1680009[/ATTACH] Other tokens and most picker tickets were issued by the farmer and only redeemable at a certain time (the end of the day, week, month or picking season depending on the farmer) for cash and only from the pickers. Hence the commonly seen phrase, Not Transferable. [ATTACH=full]1680015[/ATTACH] In many cases the pickers were paid with tokens to keep them in the area until the harvest was over. Byron Lapp of Alexandria, New York, paid his Polish immigrant pickers with tokens that could be used buy pretty much anything in Alexandria except, of all things, railroad tickets. There are also a few picker tokens that could only be used to buy things at the company store.[/QUOTE]