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1 Cent - Food Stamp Scrip Giant Super Mart

Issuer Giant Super Mart
Year
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Value 1 Cent 0.01 USD = GBP 0.0074
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Obverse description Plain white ground printed in black letterpress. At left, a bold circle vignette encloses the numeral '1c' in large type. To the right, the credit slip legend is set in two type weights, with the non-cash redemption notice in bold block capitals. Issuer legend runs along the bottom margin in serif type.
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Reverse description Reverse is blank white paper with no printed design; the image shows only collector's pencil notations added in a later hand.
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Comments

Food stamp scrip of this kind emerged from a specific regulatory gap in the early decades of the U.S. federal food stamp program: retailers could not make cash change for food stamp purchases, so some issued their own fractional paper scrip redeemable in-store for small amounts. Giant Super Mart's 1-cent denomination sits at the very bottom of that system — practically worthless individually, but issued in quantity to avoid the awkward algebra of small grocery transactions.

These retailer scrips had no federal backing and were only as good as the store that issued them.

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