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  #1  
Old 12-24-2011, 12:19 AM
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Default No silver! but alawys wanted some of these.

I was just thinking the other day i want a tax token and found 3 in a 5'x5' area. wish they was in better condition but ill take em. they say 1 1/2 state of Illinois dept. of finance. any idea when they used them?
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Old 12-24-2011, 01:48 AM
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nice.do you want to trade 1 for a picker check?

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Old 12-24-2011, 02:20 AM
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Congrats! Had not seen one shaped like that before. Nice Find.

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Old 12-24-2011, 07:46 AM
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those are some neat tokens. Weird shape. Grats on the finds!

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Old 12-24-2011, 08:27 AM
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very cool find. go look them up on the token website...

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Old 12-24-2011, 08:38 AM
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Cool tokens !
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Old 12-24-2011, 09:20 AM
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I found 3 of those myself, but over several years LOL.

According to the PDF (link below), they were used 1935 - 1947

http://www.taxtoken.org/timeline.pdf

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Old 12-24-2011, 09:24 AM
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Cool tokens...All in one small area thats neat

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Old 12-24-2011, 09:29 AM
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i dont know about trade longbeard. they really are as bad as they look. probably aluminum. they are pretty rusty. i guess i can. i think i seen on one of daddydiggers vid he found a couple. thanks for the info OZ.

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Old 12-24-2011, 12:01 PM
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Originally Posted by AWU View Post
i dont know about trade longbeard. they really are as bad as they look. probably aluminum. they are pretty rusty. i guess i can. i think i seen on one of daddydiggers vid he found a couple. thanks for the info OZ.
Yup, I found a few this year. From what I have read, they were actually manufactured from May 1933 to May 1934. I'm not sure how long they were actually used though. PM me your address and I'll send you one that isn't all corroded.

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Old 12-24-2011, 12:10 PM
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nice
havent found one yet
did the make them for every state?
curtis

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Old 12-24-2011, 01:56 PM
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nice
havent found one yet
did the make them for every state?
curtis
In 1933 eleven states passed legislation for sales tax and by 1940 over 30 states had enacted legislation and systems for sales tax collection due to the success of the early programs at generating revenue for the state.

On July 2, 1935 the Illinois state government issued state tax tokens. On July 10th, just eight days later, the state of Illinois was asked to cease the distribution of its round tokens because they were too much like US dimes. The state was forced to change their design. This resulted in the production of square pieces 16mm x 16mm.

HOW AND WHY THEY WERE USED:
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.

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  #13  
Old 12-25-2011, 09:07 AM
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Those are cool and neat finds, seen a bunch of them posted from time to time from other IL MDers.

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Old 12-25-2011, 09:21 AM
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I found my first Oklahoma Tax tokens this year. Neat piece of history.

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Old 12-25-2011, 10:45 AM
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Those will actually clean up pretty well by using a sos pad on them under running water. I clean all my aluminum tokens that way, it removes the gunk real well

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  #16  
Old 12-25-2011, 05:24 PM
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ill try the sos pads thanks G4E. and post better pics later.

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