1935 New Mexico Tax Token

The 1935 New Mexico Tax Token is an example of how the U.S. government enforced taxes during the Great Depression. The token is made of bronze and has a likeness of the Statue of Liberty on one side and an image of an eagle perched on a cross on the other. The coin was minted to help pay taxes and is worth $5 today.

The 1935 New Mexico Tax Token

The 1935 New Mexico Tax Token was the first issue of tax tokens produced in the U.S. It consisted of a copper-nickel alloy coin with a weight of 2.5 grams and a diameter of 20.9 mm. The obverse featured an effigy of George Washington, and the reverse depicted an allegorical female figure holding an ear of corn and a sheaf of wheat. The coins were minted at the Philadelphia Mint and had a face value of $0.50 each.

Description:

The 1935 New Mexico Tax Token is a valuable collector's item. The token is made of bronze and has a diameter of .75 inches. It was struck to commemorate the passage of the New Mexico statehood bill by the United States Congress. The obverse side depicts an eagle perched on a rock with its wings spread, while the reverse side features the words "NEW MEXICO" at the top and "15TH STATE 1876" at the bottom. This token is in excellent condition and would be a great addition to any coin collection.

History:

In 1935, the United States Mint released a new type of coin - the Tax Token. The coins were made to be used as legal tender in New Mexico, and each one was inscribed with the state's official seal. Today, collectors are able to find these rare coins in good condition at auction houses and museums around the country.

Conclusion:

In 1935, the citizens of New Mexico were required to pay a tax with their currency. The token consisted of a copper-colored disc with the inscription "New Mexico Tax" and was worth 10 cents. The obverse featured a bust of George Washington and the reverse had the inscription "U.S.A." The tokens were minted at the Philadelphia Mint and are rare today.