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1 Cent - Lakewood Foods Chicago, Illinois

Uitgever Lakewood Foods
Jaar
Type Vouchers
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Opschrift voorzijde 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
Beschrijving keerzijde 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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Opmerkingen

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.

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