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.
Here is the problem with collections people have. You can have 10.000 stamps,tokens,you need 10.000 buyers. Also each token or stamp has a value, If you want to sell the whole collection you will take less money for it, because the buyer will have to price each token/stamp one at a time, and that takes some time and labor..Understand?. To give you a worth amount I need a list of each and every token and stamp.... For the LOT/ I see a worth of $8.00 to $30.00 sold on the market.......One token or stamp could be worth as much as the collection. Now see what I mean?
(Thanx for you're help. How do I find out what each 1 is worth?) This is the easy part, Open Ebay. type in each and everyone of the tokens and stamps, one at a time, in the search, open Advance tab, then open Sold or completed. for each one. then you can see what people have sold them for. Ebay is now the international price setter for almost everything. This will give a ballpark for you to start. Now remember to add shipping and handling. To sell these I would get the sold ($) numbers and take lots of photos and post it to Here/with a price. or Creaiglist where you live. and tell them you got your selling prices based on what you seen on Ebay. They will try and talk you down, It's only worth what someone is willing to pay you... you might want to print a copy of the history of Tax Tokens someone might use them to teach their kids what they are.. Good Luck. (It's more work then you think,, but have fun),,FYI it's going to take you some time to do this, you can not add the man hours of labor to price. it don't work that way...
Re: tokens/coins
My cell aoutocorrected me sorry about the spelling
Re: tokens/coins
How and why were they used?
http://www.taxtoken.org/
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.
Here is the problem with collections people have. You can have 10.000 stamps,tokens,you need 10.000 buyers. Also each token or stamp has a value, If you want to sell the whole collection you will take less money for it, because the buyer will have to price each token/stamp one at a time, and that takes some time and labor..Understand?. To give you a worth amount I need a list of each and every token and stamp.... For the LOT/ I see a worth of $8.00 to $30.00 sold on the market.......One token or stamp could be worth as much as the collection. Now see what I mean?
Good Luck!
Re: tokens/coins
Thanx for you're help. How do I find out what each 1 is worth and where I can sell them?
Re: tokens/coins
(Thanx for you're help. How do I find out what each 1 is worth?) This is the easy part, Open Ebay. type in each and everyone of the tokens and stamps, one at a time, in the search, open Advance tab, then open Sold or completed. for each one. then you can see what people have sold them for. Ebay is now the international price setter for almost everything. This will give a ballpark for you to start. Now remember to add shipping and handling. To sell these I would get the sold ($) numbers and take lots of photos and post it to Here/with a price. or Creaiglist where you live. and tell them you got your selling prices based on what you seen on Ebay. They will try and talk you down, It's only worth what someone is willing to pay you... you might want to print a copy of the history of Tax Tokens someone might use them to teach their kids what they are.. Good Luck. (It's more work then you think,, but have fun),,FYI it's going to take you some time to do this, you can not add the man hours of labor to price. it don't work that way...