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1 Cent - Food Stamp Scrip Thriftimart
| Issuer | Thriftimart Inc. |
|---|---|
| Year | |
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| Value | 1 Cent 0.01 USD = EUR 0.0085 |
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| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Obverse description | Pink guilloche underprint covers the entire field. At centre, a large block letter 'T' vignette serves as the dominant design element, with the Thriftimart script logotype repeated in the upper left and upper right corners. To the right, a lathe-work cartouche encloses the denomination numeral '1¢'. A decorative letterpress border runs along the bottom margin, with the printer's imprint below. |
|---|---|
| Obverse lettering | Thriftimart Thriftimart FOOD STAMP CREDIT ONE CENT 1¢ Redeemable only in any U.S.D.A. licensed THRIFTIMART MARKET NOT REDEEMABLE FOR CASH REDEEMABLE ONLY IN FOOD PRODUCTS ELIGIBLE UNDER THE U.S.D.A. FOOD STAMP PROGRAM JEFFRIES BANKNOTE COMPANY |
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| Comments |
Food stamp scrip of this kind emerged from the federal food stamp program's change-making problem. USDA regulations prohibited giving cash change for food stamp purchases, so participating retailers issued their own fractional scrip — redeemable in-store for food items — to bridge the gap. Thriftimart, a California-based supermarket chain operating primarily in the Los Angeles area, contracted Jeffries Banknote Company, a local security printer with a long history of producing transit tokens and fiscal documents for West Coast clients, to produce this 1-cent denomination.
The program authorizing retailer scrip was phased out in the early 1970s when the federal government introduced the half-dollar-denomination food stamp coupon to handle fractional transactions directly.