OHIO PREPAID SALES TAX STAMPS: BUNDLE OF 1¢ STAMPS! 😲 WOW! WHAT A DEAL 😲

Description: OHIO PREPAID SALES TAX STAMPS: BUNDLE OF 1¢ STAMPS! 😲 WOW! WHAT A DEAL! 😲 PLEASE NOTE: We have a number of listings for these vintage Ohio Prepaid Sales Tax Stamps. If these aren't the particular tax stamps you're looking for, please click here. QUANTITY꞉ ONE bundle of highly-collectible, hard to locate, lowest denomination Ohio Pre-Paid Sales Tax Stamps (and in sequential order!). TOTAL NUMBER OF STAMPS IN THE BUNDLE: Approximately 99 (we have not physically counted the number of stamps). This count / number is based on the starting and ending sequence numbers in the bundle. This bundle could be short a couple of stamps. DENOMINATION꞉ Ohio's lowest denomination sales tax stamp at 1¢. Ohio issued a variety of 1¢ prepaid sales tax stamps (different colors, different printers, different years, etc.). SPECIAL FEATURES꞉ Both halves of each tax stamp are included: The vendor's half of the stamp and the consumer's half! This means, these stamps were purchased by a merchant; however, never issued (making them even rarer!). STAMP DENOMINATION꞉ 1¢. SERIAL NUMBERED꞉ Yes. 1¢ STAMP SERIES꞉ "BEFI." 1¢ STAMP COLOR꞉ Dark-green & brown inks on brown paper. Dark-green serial number. 1¢ STAMP PRINTED BY꞉ Columbian Bank Note Company, Chicago, Illinois. 1¢ STAMP STARTING SEQUENCE NUMBER: BEFI6700. 1¢ STAMP ENDING SEQUENCE NUMBER: BEFI6798. MEASUREMENTS꞉ Each stamp pair measures approximately 1.37" tall by 3.01" wide. One bundle of stamps weighs 0.7 ounce (20 grams). PERFORATIONS꞉ Yes. One set of perforations on each stamp pair (pair = vendor's stub and consumer's stub), running from top to bottom (acting as a "tear-line" allowing for easy separation / detachment). NUMBER OF YEARS OLD꞉ At least 62-years old. Ohio terminated this form of sales tax collection in 1962. EMBOSSING꞉ None. TYPE OF ADHESIVE꞉ Ohio's Prepaid Sales Tax stamps are non-adhesive. TYPE OF STAMPS꞉ Revenue / sales tax. FOLDS / TEARS꞉ None. Purchased by a merchant but never used / circulated. CORNERS꞉ Very good condition. CONDITIONAL NOTES꞉ Over the years, Ohio would “bind” their prepaid sales tax stamps into bundles of 100 stamps with either a rubber band or a steel staple. Inasmuch, the stamps you receive will have a set of staple holes in the merchant's side of the stamp (from the original binding / stapling process). The lithographic printing companies used plain, uncoated steel staples, (not galvanized or electroplated) so the staple holding your bundle together may display trace amounts of rust from the staple. ABOUT OHIO'S PREPAID SALES TAX STAMPS꞉ Although referred to as sales tax "stamps," these stamps had/have no adhesive on the back. Ohio issued their prepaid sales tax stamps in various colors based on the denomination, printer and period they were printed. Ohio issued their stamps in 12 denominations: 1¢, 2¢,3¢, 6¢, 9¢, 12¢, 15¢, 30¢, 60¢, $1.50, $3, and $15. Ohio enacted its first sales tax in 1935. The rate was 3%. Two-thirds of the tax was to go to schools. Initially, Ohioans resisted this new tax. Merchants were reluctant to charge it and customers were reluctant to pay it. There was the possibility that a merchant would do his customer a favor by letting him make his purchase tax-free. If the merchant never reported the sale to the state, the state would never know that it should have gotten its 3%. To enforce compliance, the State of Ohio introduced these stamps. Merchants were required to buy them (in various denominations) from the State of Ohio and were required to issue them with each purchase. By purchasing the stamps from the state prior to any sales being made, the state would get the sales tax in advance -and- the merchant would receive the "Prepaid Sales Tax" stamps to issue upon completing each sale and collecting the sales tax from the customer (in essence be reimbursed for the monies the merchant prepaid the State of Ohio to purchase the sales tax stamps). Example: A customer purchased a $10.00 item. The tax would be 3%, or 30¢, (sales tax charts were posted near every cash register). The customer would pay $10.30 and receive a 30¢ prepaid sales tax receipt from the merchant. The state depended upon the customer to demand their half of the stamp. The customer's half of the tax stamp was marked "Consumer's Receipt." But why should the customer care whether or not the merchant was buying and distributing stamps? To handle that problem, the state encouraged consumers to collect the stamps and give them to schools or charities. These organizations could then have their volunteers sort the stamps, count them, bundle them up, turn them in to the state. The state would pay the organization three-percent of the stamps' face value. This added a little to the expense of collecting the tax, but it was well worth it. In 1962, after 27-years of customers in Ohio being conditioned to pay the state's sales tax, the state discontinued the stamp part of collecting Ohio's sales tax. In 1967, Ohio's sales tax increased to 4%. Today, Ohio's sales tax rate is 5.75% and the state allows various entities to add additional taxes locally (transit tax, stadium tax, hotel tax, municipal tax, etc.). SHIPPING COST꞉ Your shipping cost is calculated when checking out. To keep your shipping cost as low as possible, it's based on “DIM” (i.e. weight, package size and final destination). This item ships by United States Mail or eBay International Delivery. Orders typically ship within one business day of your payment being received.

Price: 12.78 USD

Location: Dayton, Ohio

End Time: 2024-08-28T02:26:42.000Z

Shipping Cost: N/A USD