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25 Cents - Schwegmann Bros. Giant Super Markets

Uitgever Schwegmann Bros. Giant Super Markets
Jaar 1969
Type Vouchers
Waarde Log in om details te zien
Valuta Log in om details te zien
Samenstelling Log in om details te zien
Afmetingen Log in om details te zien
Vorm Log in om details te zien
Drukker Log in om details te zien
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Beschrijving voorzijde Green-tinted voucher on plain paper with a fine horizontal-line underprint and an ornate guilloche border running the full perimeter. The issuer's name in Gothic blackletter type heads the centre, above bold sans-serif lettering stating the denomination and U.S. Food Stamp Program purpose. A manuscript signature of John Schwegmann appears at lower centre above the caption INDIVIDUALLY AND AS AGENT AND ATTORNEY-IN-FACT, with a red serial number printed vertically at left.
Opschrift voorzijde Log in om details te zien
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde 25¢ 25¢
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Opmerkingen

Schwegmann Bros. Giant Super Markets issued scrip denominated in U.S. cents during a period when the United States was experiencing a genuine coin shortage severe enough that private businesses, transit systems, and municipalities resorted to producing their own small-change substitutes. The New Orleans chain — a local institution at the time, known for its cavernous warehouse-style stores — printed and circulated this scrip locally, redeemable against purchases. It was legal under the specific exemptions that distinguished retailer-issued exchange media from federally prohibited currency substitutes.

The coin shortage of the late 1960s traced directly to rising silver prices and hoarding that followed the Coinage Act of 1965, which removed silver from dimes and quarters. Schwegmann's scrip is a physical record of that disruption hitting the checkout lane.

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