Discover great deals on the many one of a kind items available only on eBay!

Military Payment

Military Payment Certificates, or MPC, were used from the end of World War II until the end of the Vietnam War, between the years 1946 and 1973. MPC's utilized layers of line lithography to create colorful banknotes that could be produced cheaply. more...

HomeHome
BullionBullion
Coins: AncientCoins: Ancient
Coins: US Coins: US
Coins: WorldCoins: World
ExonumiaExonumia
Paper Money: USPaper Money: US
Collections, LotsCollections, Lots
Colonial CurrencyColonial Currency
Confederate CurrencyConfederate Currency
ErrorsErrors
Fractional CurrencyFractional Currency
Large Size NotesLarge Size Notes
Military PaymentMilitary Payment
National BanknotesNational Banknotes
Obsolete CurrencyObsolete Currency
OtherOther
Small Size NotesSmall Size Notes
Paper Money: WorldPaper Money: World
Publications & SuppliesPublications & Supplies
ScripophilyScripophily

Coin Appraisals

Fifteen series of MPC's were created but only 13 series were issued.

History of MPC

Military Payment Certificates (MPC) evolved from Allied Military Currency as a response to the large amounts of US Dollars circulating in post-WWII Europe due to American servicemen. The local citizens did not trust local currencies as the fate of their governments was unclear. Therefore preferring a stable currency, dollars, they often accepted payment in dollars for less than the accepted conversion rates. Obviously dollars became more favorable, inflating the local currencies and thwarting plans to stabilize the economies. Contributing to this problem was the fact that though troops were being paid in the local currency they could convert an unlimited amount to dollars at the government set conversion rate, which was much more favorable to the GIs than the market rate. From this a black market developed where the servicemen could utilize the favorable exchange rate.

To combat this the US military devised the MPC program. MPC's were paper money denominated in US Dollars in amounts of 5 cents, 10 cents, 25 cents, 50 cents, 1 dollar, 5 dollars, 10 dollars, and starting in 1968 20 dollars. MPC's were fully convertible to US dollars upon leaving combat (or more specifically a designated MPC zone) and convertible to local currencies (but not vice-versa), and were illegal for unauthorized personnel to possess, thus, in theory, eliminating US dollars from local economies. Although actual greenbacks were not circulating, many local merchants accepted MPC on par with US dollars, as they knew they could use them on the black market. This was especially evident during the Vietnam War when the MPC program was at its height. There was however a provision meant to combat this. Many veterans can recount conversion days, when one series of MPC was made invalid and replaced by another, where locals (who were not authorized to convert) would be desperately trying to change their MPC as it soon be worthless.

Read more at Wikipedia.org


[List your site here Free!]

Great Britain Ww2 War Department 1 Shilling Pow Camp 81 Campbell 5017a EfGreat Britain Ww2 War Department 1 Shilling Pow Camp 81 Campbell 5017a Ef $159.99 Usa-Mpc … P-M57 … 5 Cents … Nd(1965) … *Vf+*Usa-Mpc … P-M57 … 5 Cents … Nd(1965) … *Vf+* $12.00
Vietnam Era 10¢ Mpc Military Payment Certs Complete All 84 Positions Series 641Vietnam Era 10¢ Mpc Military Payment Certs Complete All 84 Positions Series 641 $995.00 10¢ Military Payment Cert. Series 481 Replacement note!10¢ Military Payment Cert. Series 481 Replacement note! $449.99
Usa Military Payment Certeficate 1 Dollar 1954 Serie 521 Look ScansUsa Military Payment Certeficate 1 Dollar 1954 Serie 521 Look Scans $19.99 Jc&C - Extremely Rare Military Payment Certificate ( Mpc ) Series 471 $5 - Au 50Jc&C - Extremely Rare Military Payment Certificate ( Mpc ) Series 471 $5 - Au 50 $2,400.00
Military Payment Certificate - 5 Dollars, Series 641 !Replacement!Military Payment Certificate - 5 Dollars, Series 641 !Replacement! $154.99 Military Payment Certificate 10 Cents Series 481 Picm23aMilitary Payment Certificate 10 Cents Series 481 Picm23a $1.95
Ac Mpc series 692 10 cent Replacement Note VfAc Mpc series 692 10 cent Replacement Note Vf $74.99 Usa 10 cents Military Payment CertificateUsa 10 cents Military Payment Certificate $4.99
Military Payment Certificate $1 Banknote Nd(1964) PicM725Military Payment Certificate $1 Banknote Nd(1964) PicM725 $12.00 Series 591 $10 Mpc Military Payment Certificate - Awesome Pcgs About New 53 PpqSeries 591 $10 Mpc Military Payment Certificate - Awesome Pcgs About New 53 Ppq $1,299.00
$1.00 Mpc *Series 611* -Au- Replacement Note!$1.00 Mpc *Series 611* -Au- Replacement Note! $199.99 $10 Military Payment Certificate Series 641 - No Reserve!$10 Military Payment Certificate Series 641 - No Reserve! $5.50
Germany Heidelberg Chase Manhattan Military Bank Facility Check UnusedGermany Heidelberg Chase Manhattan Military Bank Facility Check Unused $17.99 Military Payment Certificate .05 Cents Note Series 472 Nickel Dollar Bill UncMilitary Payment Certificate .05 Cents Note Series 472 Nickel Dollar Bill Unc $24.95
Military Payment Certificate - 5 Cents, Series 641 Replacement !Military Payment Certificate - 5 Cents, Series 641 Replacement ! $89.99 U.S. Military Currency Mpc $5 Series 692 Banknote 1970 AuU.S. Military Currency Mpc $5 Series 692 Banknote 1970 Au $65.00
Military Payment Certificate Series 481 - Five Cents, 5 CtsMilitary Payment Certificate Series 481 - Five Cents, 5 Cts $10.00 French Military Payment Certificates (x3) $5 Francs Pic115a And 1 $10 Franc 116aFrench Military Payment Certificates (x3) $5 Francs Pic115a And 1 $10 Franc 116a $0.99
Set of 2 Us Mpc Series 661 25 Cents and Series 681 25 Cents Choice Au-UncSet of 2 Us Mpc Series 661 25 Cents and Series 681 25 Cents Choice Au-Unc $62.99 Was: $69.99 5 Cents Military Payment Certificate Series 472 Note5 Cents Military Payment Certificate Series 472 Note $3.99
Usa/Mpc … P-M2 … 10 Cents … Series 461 … *Xf-Au*Usa/Mpc … P-M2 … 10 Cents … Series 461 … *Xf-Au* $47.00 4 Ten Sen Series 100 Military Currency4 Ten Sen Series 100 Military Currency $8.99
1954 series 521 Military Payment Certificate 5 Cents1954 series 521 Military Payment Certificate 5 Cents $10.00 2/ 5 and 10 military cert.2/ 5 and 10 military cert. $4.99
France - 1944, 500 Francs Wwii military certificateFrance - 1944, 500 Francs Wwii military certificate $164.99 Military Payment Certificate - 10 Cents - Series 541 !Replacement!Military Payment Certificate - 10 Cents - Series 541 !Replacement! $114.99
Usa Military Payment Certeficate 5 Cents 1954 Serie 521 Look ScansUsa Military Payment Certeficate 5 Cents 1954 Serie 521 Look Scans $4.99 Military Payment Certificate .25 Cents Note Series 472 Quarter Dollar BillMilitary Payment Certificate .25 Cents Note Series 472 Quarter Dollar Bill $24.95
Series 541 $10 Military Payment Certificate! Pcgs About New 50 (Rare)Series 541 $10 Military Payment Certificate! Pcgs About New 50 (Rare) $699.99 Usa Military Payment Certificate Vietnam War 10 X 1 Dollar Serie 641 CircUsa Military Payment Certificate Vietnam War 10 X 1 Dollar Serie 641 Circ $15.51
Rare Aafes 14th Printing 10 Cent Pogs Set of 13 Circulated RareRare Aafes 14th Printing 10 Cent Pogs Set of 13 Circulated Rare $9.99 Us Mpc Series 611 1 Dollar P-M54r scarce replacement f- graffitiUs Mpc Series 611 1 Dollar P-M54r scarce replacement f- graffiti $152.10 Was: $169.00
United States (Usa Mpc) . P-M28 . 10 Dollars . Serie 481(1951) . *Vg+*United States (Usa Mpc) . P-M28 . 10 Dollars . Serie 481(1951) . *Vg+* $125.00 472 series 10 cent military cert.472 series 10 cent military cert. $1.99
Mpc - $0.05 - Series 661 - Plate 84 - Pcgs 66 Gem New PpqMpc - $0.05 - Series 661 - Plate 84 - Pcgs 66 Gem New Ppq $79.95 Five Cents Military Payment Certificate Series 521 NoteFive Cents Military Payment Certificate Series 521 Note $2.99
1948 U.S. Military Payment Certificate / Scrip 10 cents Series 461 Mpc Banknote1948 U.S. Military Payment Certificate / Scrip 10 cents Series 461 Mpc Banknote $8.99 Aafes Pogs Gift Certificates 34 Marvel Operation New Dawn 2006 to 2011Aafes Pogs Gift Certificates 34 Marvel Operation New Dawn 2006 to 2011 $7.99
Us Military Payment Certificate 10 Cents Series 681Us Military Payment Certificate 10 Cents Series 681 $15.00 Rangoon India W.O.s' and Sergents's Club Chit 1 Anna paper Coupon Voucher Rare?Rangoon India W.O.s' and Sergents's Club Chit 1 Anna paper Coupon Voucher Rare? $259.99
1951 25 cents Military Payment Certificate Choice Au Very Nice Note Series 4811951 25 cents Military Payment Certificate Choice Au Very Nice Note Series 481 $75.00 $1.00 United States Military Payment Certificate series 661 M68$1.00 United States Military Payment Certificate series 661 M68 $6.00
1947 10 cent Military Payment Certificate Series 471 77 Choice Unc Nice Note1947 10 cent Military Payment Certificate Series 471 77 Choice Unc Nice Note $75.00 641 series 1 dollar military cert.641 series 1 dollar military cert. $2.99
1954 Series 521 One Military Payment Certificate Dollar Sn E00065410E Position 91954 Series 521 One Military Payment Certificate Dollar Sn E00065410E Position 9 $59.99
Click to see more Military Payment items at ebay.com
Prices current as of last update, 02/19/17 3:53am.

Home Contact Resources Exchange Links eBay