Military payment certificate series 661

Military Payment Certificates MPC were created and issued in US occupied areas in an attempt to prevent and combat black-market activities and to ensure that the American dollar remained insulated. MPCs were issued to service personnel and some types of civilians. They were accepted as a form of payment on bases, ships, canteens, and other similar places but could not be used to buy local goods or services without prior permission and only military payment certificate series 661 those authorised to accept MPCs.

Series military payment certificates are extremely common. Nearly million dollars in face value was issued. All of that happened in the time period between when series notes were introduced on October 21st, and when they were redeemed on August 11th, The big innovation for this series was the introduction of the twenty dollar bill. All previous series of MPCs were just five, ten, twenty-five and fifty cent issues, along with one, five, and ten dollar notes. I guess you can blame the need for twenty dollar notes on inflation. In terms of value, all but the ten and twenty dollar notes are almost worthless in circulated condition.

Military payment certificate series 661

Most military payment certificate series notes aren't very valuable. However rare notes exist and they can sell for more money. Continue reading to learn more about these notes. Military payment certificates MPC were used to pay US military personnel stationed in foreign countries. They were created in order to reduce currency arbitrage. If a soldier went on leave then the MPCs could be converted into local currency. They were issued to US military personnel in Vietnam. The value will mainly depend on the series and the note's condition. Replacement notes will sell for higher prices. Replacement notes are more rare and more valuable. These replacement notes have a number at the end of the serial number, where as the standard notes have a letter at the end of the serial number.

In terms of value, all but the ten and twenty dollar notes are almost worthless in circulated condition. Replacement Notes Replacement notes are more rare and more valuable. Despite security measures being put in place, MPCs soon military payment certificate series 661 their way into the local economy by fraud, theft or other means.

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Military payment certificates , or MPC , was a form of currency used to pay United States US military personnel in certain foreign countries in the mid and late twentieth century. They were used in one area or another from a few months after the end of World War II until a few months after the end of U. The certificates were made by line lithography to create colorful banknotes that could be produced cheaply. Fifteen series of MPCs were created, but only 13 series were issued. The remaining two were largely destroyed, although some examples remain.

Military payment certificate series 661

Series military payment certificates might be described as the most American of any of the MPC notes issued between and The designers at the Bureau of Engraving and Printing used distinctly American vignettes like eagles, buffalos, and Native Americans. These were first introduced into circulation on October 7th, and withdrawn on March 15th, This is the last official series of military payment certificates ever issued by the United States. Series MPCs were issued for eight different denominations. Like the prior three issues, these were exclusively used in Vietnam, which means that many came home with soldiers as souvenirs.

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These replacement notes have a number at the end of the serial number, where as the standard notes have a letter at the end of the serial number. Places Asia: Vietnam. When American officials felt that substantial quantities of MPC were embedded into the local economy, or that the current series of MPC was in some other way being compromised, another series would be released to replace and devalue the current one. They were accepted as a form of payment on bases, ships, canteens, and other similar places but could not be used to buy local goods or services without prior permission and only by those authorised to accept MPCs. Subjects Military currency. The note still has its original crispness. Related information. Replacement Notes Replacement notes are more rare and more valuable. Military payment certificates MPC were used to pay US military personnel stationed in foreign countries. All of that happened in the time period between when series notes were introduced on October 21st, and when they were redeemed on August 11th, Military Payment Certificates MPC were created and issued in US occupied areas in an attempt to prevent and combat black-market activities and to ensure that the American dollar remained insulated.

They were printed in fifteen series and used in 22 different countries during that 27 year period.

Grading System Fine- A note that has clearly been in circulation. Uncirculated- A note that shows no signs of ever having been in circulation. Very fine- A note that has been in circulation but not for a long time. They were created in order to reduce currency arbitrage. The note has lost its original crispness and very fine detail. We buy most series military payment certificates. If the number does not end with the letter B, then you have a replacement. Conflicts Vietnam, Fine- A note that has clearly been in circulation. It's not possible to determine an accurate price range due to the lack of recent sales data. Replacement notes can be identified by looking at their serial numbers.