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1 Cent - Valley Arapahoe, Inc. Westcliffe, Colorado

Issuer Valley Arapahoe, Inc.
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Value 1 Cent (0.01 USD)
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Obverse description Tan card stock certificate printed in black letterpress, with denomination value "1¢" repeated in each of the four corners within ruled border frames. The left and right margins carry vertical legends reading "Food Stamp Program Certificate of Credit" in opposing orientations. The central field bears a red rubber store stamp impression of the issuing retailer's name, street address, and postal code, accompanied by a circular "AG" monogram vignette, all applied over the pre-printed text panel reserved for the store stamp.
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Reverse description Reverse entirely unprinted, presenting a plain tan card stock surface with no design, text, or security elements.
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Valley Arapahoe, Inc. was a dude ranch operating near Westcliffe in the Wet Mountain Valley of Colorado — one of dozens of Western guest ranches that issued their own scrip during the mid-twentieth century to keep guest spending on-site. These ranch tokens and paper chits functioned as a closed-loop currency: redeemable at the ranch canteen, trading post, or activity desk, and worthless everywhere else. The practice discouraged guests from wandering into town and kept the vacation economy self-contained.

One cent denominations in ranch scrip are uncommon — most operations issued higher values for practical reasons.