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1 Cent - Schrier's Food Inc. #3 Lincoln, Nebraska
| Issuer | Schrier's Food, Inc. |
|---|---|
| Year | 1967 |
| Type | Vouchers |
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| Composition | Log in to see details |
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| Obverse description | Pink paper coupon with letterpress text on plain ground. The denomination '1c' appears at upper left and right flanking the bold central title 'Credit Coupon'; redemption conditions are set in smaller type below, with the issuer's name rubber-stamped in red ink within a ruled rectangular box at centre-bottom. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain pink paper reverse showing a mirror bleed-through of the obverse letterpress text, with a handwritten annotation in ink within the ruled box at centre reading 'Lincoln, Nebr.' and additional handwritten numerals. |
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| Comments |
Schrier's Food Inc. was a regional grocery chain operating in Lincoln, Nebraska, that issued this cent-denomination trade note in 1967 as a fractional change substitute — a practice that briefly resurged among American retailers in the mid-1960s when coin shortages made exact-change transactions genuinely difficult. The U.S. Mint was struggling to meet demand for circulating coinage throughout that decade, a problem attributed to rising vending machine use, coin hoarding, and population growth outpacing mint capacity.
Private scrip of this type was technically of questionable legality under federal statutes but widely tolerated at the local retail level.