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1 Cent - Hyde Park Co-op Chicago, Illinois
| Issuer | Hyde Park Co-op |
|---|---|
| Year | |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 93 x 55 mm |
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| Obverse description | Green-tinted paper coupon with a letterpress-printed decorative border of guilloche scrollwork and corner roundels bearing the numeral "1". A central heraldic shield vignette with five stars and vertical stripes, wreathed in laurel, is flanked by "OFFICIAL FOOD COUPON" at left and "ONE CENT" at right. The issuer's name and address appear above the vignette. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | CANCELED |
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| Comments |
The Hyde Park Co-operative Society operated out of Chicago's South Side neighborhood of Hyde Park, adjacent to the University of Chicago, and issued small-denomination paper scrip as an internal exchange medium for member transactions. Co-op scrip of this type was common among American consumer cooperatives through the mid-twentieth century, functioning as a rebate or credit instrument rather than a substitute currency — redeemable against purchases rather than freely circulated.
One-cent denominations are the most perishable of any scrip series and rarely survive in quantity.