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1 Cent - Stop & Shop Supermarkets Boston, Massachusetts
| Issuer | Stop & Shop Supermarkets |
|---|---|
| Year | 1972-1976 |
| Type | Vouchers |
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| Composition | Log in to see details |
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| Obverse description | Pink woven-pattern underprint on paper. The Stop & Shop Supermarkets logo and issuer name appear at upper left, with a serial number in red at upper right. The denomination numeral "1¢" is set within a plain rectangular border at right. A boxed legend "USDA FOOD STAMP CREDIT SLIP" appears at lower left, with the Treasurer's manuscript signature below the value panel. |
|---|---|
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| Signature(s) | Albert S. Frager (Treasurer) |
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| Comments |
Stop & Shop issued these fractional paper cents as a practical workaround to a genuine retail problem: Massachusetts sales tax calculations on small purchases routinely produced sub-cent remainders, and coin shortages in the early 1970s made exact change a persistent headache. Merchant-issued paper scrip filling that gap had solid legal precedent in the U.S., provided it wasn't designed to circulate as currency — Stop & Shop's notes qualified, being redeemable only at their own registers.
Albert Frager served as company treasurer through the period when Stop & Shop was expanding aggressively across New England. His signature on a one-cent chit is a small, odd footnote to that corporate history.