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  1. #1
    us
    Let's go diggin!!!

    Dec 2009
    G P, Illinois
    DFX
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    All Types Of Treasure Hunting
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    Colorado Tax Token

    Got out for a couple of hours today. Found 2 wheaties and a Colorado Sales Tax Retail Token.
    The token reads the same front and back with a 2 on each side of the hole. Does any one
    know if this would stand for 1922, 2cents or 22 cents? First picture is this site from years
    past and what it looked like today. Front steps match. HH DFW

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  2. #2
    us
    Dec 2009
    pisgah forest, n.c.
    minelab e-trac and t-2 se
    1,626
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    All Types Of Treasure Hunting
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    Re: Colorado Tax Token

    nice rich, how was the ground? looks like another nice spot you got.

  3. #3
    us
    Apr 2008
    Moronica, northwest of Chicago.
    E-trac & Bounty Hunter Land Star
    4,693
    17 times

    Re: Colorado Tax Token

    Nice find, Rich!!!

    Great then & now pics, too!

    I love seeing old & new to compare!
    God bless our veterans! Thank you for your sacrifices!

  4. #4
    us
    Jul 2003
    Elgin
    Fishers 1235X-8" CZ-20/21-8" F-70-11"DD GC1023
    6,579
    38 times

    Re: Colorado Tax Token

    I'm whistlin' at it! Looks like a good site Rich and good finds, too!

  5. #5
    us
    Jun 2006
    1,008
    16 times
    Metal Detecting

    Re: Colorado Tax Token

    Like the Pics,but if you cover the names how can I find the place?
    Good research
    I have included some info below on sales tax tokens,hope it helps...
    Have Fun Out There......Soup

    Merchants had to pay sales tax to the state on the total amount of sales made by the merchant during each day�s sales. You can imagine that if the sales tax rate is 3% and a child buys a 10c piece of candy there is no way to collect the three-tenths of one cent. If you rounded down that meant that the merchant could not collect anything for the tax. If you rounded up the state was gaining 7 tenths of a cent on every 10 cent sale. You can see that if the merchant sold 100 pieces of candy he was loosing 30 cents a day in tax revenues to the state, so the token was born. This allowed the merchant to take 11 cents for the first piece of candy and give change back in mills. The next time you wanted to buy a 10c candy you could present the merchant with the 10c and a token and complete the transaction. This allowed the merchant to collect the sales tax on each transaction.


    A mill is 1/1000th of a dollar or a tenth of a cent. As you can imagine, people did not like having to carry a second set of coins, and to further complicate matters, different states issued different tax tokens. 1 and 5 mills are the most common denominations, but other denominations include: 1/5 cent, 1 1/2 mills, and "Tax on 10c or less."


  6. #6
    Charter Member

    Oct 2004
    N. San Diego area (Pic of my two best 'finds')
    Minelab Explorer
    11,887
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    Re: Colorado Tax Token

    Colorado used sales-tax tokens from Sept. 1, 1935, to Feb. 28, 1945, according to American Numismatic Association curator Doug Mudd. When they were no longer used, the roughly 77 million tokens still in circulation could be redeemed until June 1945.

    Mudd said the 2-mill tokens were used when Colorado established a sales tax of 2 percent and had to figure out how that would be paid in amounts less than 1 cent. Sales of 5 cents or less had no tax, 6 to 14 cents had one token, 15 to 24 cents two tokens, etc. Sales tax on 45 to 50 cents was a penny. Mudd said the tokens were issued in huge numbers, first in aluminum and then plastic.
    Don.........
    Source: http://gazettewonder.blogspot.com/20...-from-30s.html


 

 

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