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1 Cent - Lakewood Foods Chicago, Illinois
| Issuer | Lakewood Foods |
|---|---|
| Year | |
| Type | Vouchers |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 1 To be Used as Credit Only at 1 LAKEWOOD FOODS 1800 W. Lake St. No. IL 2-3791 OFFICIAL FOOD ONE COUPON CENT 1 ONE CENT 1 |
| Reverse description | Plain yellow reverse with the same fine geometric maze underprint as the obverse. A faint central watermark-style overprint is visible. A pencilled collector's notation appears in the upper-left area. |
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| Comments |
Lakewood Foods was a Chicago-based grocery operation that issued its own paper scrip — a practice that survived well into the mid-twentieth century among American retailers, particularly in company-town arrangements and employee commissary systems where controlling the medium of exchange offered a practical advantage over cash payroll. This cent denomination would have functioned as fractional change currency, filling the gap left by the chronic small-coin shortages that periodically plagued retail trade.
No federal prohibition existed against private merchant scrip of this type, provided it did not imitate official U.S. currency — a line grocery issuers were careful not to cross.