Discussion in 'Coin Chat' started by alurid, Feb 20, 2023.
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I'm reminded of the fractional cent scheme in the movie Office Space.
There were many manufacturers but I believe Osbourne Register made quite a few of them. They were distributed to retailers at face value in most if not all states. Ohio also used a system involving stamps even when I visited there in the '50's.
The Secret Service intervened because these were being used as coins. Instead of tendering a shiny new buffalo nickel for a candy bar (they were a lot bigger then), people were sometimes paying with "10" 5 mil coins. They forced the states to quit using them.
Most of them held by the manufacturers, states, and retailers were destroyed but huge numbers were in circulation and these are mostly what have survived. There are some very scarce and highly desirable specimens which have survived and I've heard even of nice BU rolls of some.
Collections can still be assembled very cheaply through trading. Even scarcities rarely trade for more than a dollar or two and wholesale is only about a nickel apiece for bulk lots.
There was one here in Arvada CO. Very chilling and creepy place. Not to mention the sick and depraved so called doctors that tortured these patients.
I went there once in the 90's. I won't ever step onto the land again. It is now a college.
Containers and US State sales tax tokens
Here are 2 I have shown from my collection
Separate names with a comma.