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1 Cent - H & J Artesia, New Mexico
| Issuer | H & J Food Baskets / H & J Farmers Market |
|---|---|
| Year | 1960-1979 |
| Type | Log in to see details |
| Value | 1 Cent 0.01 USD = UAH 0.44 |
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| Composition | Log in to see details |
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| Obverse description | Plain white ground enclosed by a zigzag wave-pattern border. Denomination numerals "1c" appear at each corner in bold serif type. Issuer names and credit slip purpose are set in three tiers of letterpress text across the centre, with a restriction clause in smaller roman type at the lower centre. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Reverse is blank white stock with a faint pencilled collector notation in the lower right corner. |
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| Comments |
H & J Food Baskets issued small-denomination scrip like this to manage change-making in an era when American retailers — particularly independent grocers in rural markets — routinely ran short of low-denomination coinage during periods of mint output shortfalls. The early 1970s copper shortage and the broader coin hoarding behavior of the 1960s created genuine operational headaches for small-town merchants, and privately printed fractional scrip was a practical, if legally murky, workaround.
Artesia, a small city in Eddy County sustained largely by oil refining and dairy farming, had a merchant culture built around family-owned stores competing with regional chains. Scrip like this never circulated beyond the issuing store's customer base, which is precisely why surviving examples are uncommon — they were redeemed, not saved.