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!]

Japan Post Ww2 Series 100 "A" 1 Yen Pick 66 Replacement Fine ScarceJapan Post Ww2 Series 100 "A" 1 Yen Pick 66 Replacement Fine Scarce $399.99 United States Military Payment CertificateUnited States Military Payment Certificate $149.95
Japan Foreign Trade Payment Certificates Schwan Boling page 326 Pair 10 centsJapan Foreign Trade Payment Certificates Schwan Boling page 326 Pair 10 cents $1,300.00 Series 100 Military Payment Certificate Mpc 10 Sen Ch Au Japan Wwii #088A RareSeries 100 Military Payment Certificate Mpc 10 Sen Ch Au Japan Wwii #088A Rare $44.00 Was: $50.00
France 2 Francs 1944 Military Amc Replacement serial X (Rare)France 2 Francs 1944 Military Amc Replacement serial X (Rare) $49.99 Logex $10 Payment Certificate Ft. Lee Va. Logistical Exercise Series 542 Unused
00004000Logex $10 Payment Certificate Ft. Lee Va. Logistical Exercise Series 542 Unused 00004000 $15.00
Rare Series 692 $5 First Printing Mpc Note from Jerry Voigt Col Pmg 64 Epq ChcuRare Series 692 $5 First Printing Mpc Note from Jerry Voigt Col Pmg 64 Epq Chcu $699.60 Was: $795.00 Mpc Military Payment Certificate Series 661 $10 Ten Dollars Ms64 Pcgs VietnamMpc Military Payment Certificate Series 661 $10 Ten Dollars Ms64 Pcgs Vietnam $2,400.00
Germany - Federal Allied Occupation 20 Mark 1948 P6a Paper Note CurrencyGermany - Federal Allied Occupation 20 Mark 1948 P6a Paper Note Currency $250.00 Taegu Korea Bank Of America Mili
00000D2A
tary Bank Check Valid In Mpc Only UnusedTaegu Korea Bank Of America Mili 00000D2A tary Bank Check Valid In Mpc Only Unused $17.99
1954 series 521 Military Payment Certificate 5 Cents1954 series 521 Military Payment Certificate 5 Cents $10.00 Military Payment Certificate 25 Cents Nd(1961) M45Military Payment Certificate 25 Cents Nd(1961) M45 $17.50
Usa Mpc Series 661 25 Cent Superb Gem Unc Epq Pmg 67 First PrintingUsa Mpc Series 661 25 Cent Superb Gem Unc Epq Pmg 67 First Printing $350.00 Logex $10 Payment Certificate Ft. Lee Va. Logistical Exercise Series 560 UnusedLogex $10 Payment Certificate Ft. Lee Va. Logistical Exercise Series 560 Unused $15.00
Japan Foreign Trade Payment Certificates Schwan Boling page 326 5 Cents Red UncJapan Foreign Trade Payment Certificates Schwan Boling page 326 5 Cents Red Unc $600.00 Japan Foreign Trade Payment Certificate Schwan Boling page 326 5 Cents Sb 1021Japan Foreign Trade Payment Certificate Schwan Boling page 326 5 Cents Sb 1021 $750.00
Lot Of 9 Military Payment CertificatesLot Of 9 Military Payment Certificates $45.00 Us Mpc Series 681 Five Dollars P-M80 Choice Au-Unc.Us Mpc Series 681 Five Dollars P-M80 Choice Au-Unc. $224.10 Was: $249.00
Ten 10 Cents Series 481 Military Payment CertificateTen 10 Cents Series 481 Military Payment Certificate $6.99 Was: $9.99 Mpc Series 641 $10 Military Payment Certificate Note #612J Choice Vf ArmyMpc Series 641 $10 Military Payment Certificate Note #612J Choice Vf Army $74.76 Was: $84.95
$1 Military Payment Cetificate Mpc Series 641 Pcgs 64 Ppq Unc 1St Printing$1 Military Payment Cetificate Mpc Series 641 Pcgs 64 Ppq Unc 1St Printing $44.99 Rare Series 521 $10 First Printing Mpc Jerry Voigt Collection Pmg 53 Au CurrencyRare Series 521 $10 First Printing Mpc Jerry Voigt Collection Pmg 53 Au Currency $875.60 Was: $995.00
10 Cent military payment certificate10 Cent military payment certificate $1.99 Military Payment Certificate $1 Series521 Nd(1954) M33AMilitary Payment Certificate $1 Series521 Nd(1954) M33A $45.00
United States Mpc (Military Payment Certificate) - 10 Cent - Series 521United States Mpc (Military Payment Certificate) - 10 Cent - Series 521 $2.47 Japan Series 100 "A" 50 Sen Pick 64 Rare Replacement Clip stain but Unc !Japan Series 100 "A" 50 Sen Pick 64 Rare Replacement Clip stain but Unc ! $2,150.00
Mpc Series 471 Military Payment Certificate 10 cents Ch Cu 1947 #521B HistoricMpc Series 471 Military Payment Certificate 10 cents Ch Cu 1947 #521B Historic $70.36 Was: $79.95 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
Us Mpc set of 2 5 cents small black smudge xf+ and 10 cents abt. xf series 521Us Mpc set of 2 5 cents small black smudge xf+ and 10 cents abt. xf series 521 $44.43 Was: $49.37 Japan Foreign Trade Payment Certificate Schwan Boling page 326 #1001 Black UncJapan Foreign Trade Payment Certificate Schwan Boling page 326 #1001 Black Unc $750.00
Rare 1961 Series 591 25 Cent First Printing Mpc Pmg 58 Epq Choice AuRare 1961 Series 591 25 Cent First Printing Mpc Pmg 58 Epq Choice Au $127.60 Was: $145.00 $1 Military Payment Certificate Series 641$1 Military Payment Certificate Series 641 $15.00
5 Cent United States Military Payment Certificate Series 611 #M505 Cent United States Military Payment Certificate Series 611 #M50 $5.00 Japan Series 100 "A" 50 Sen Pick 64 Rare Replacement VfJapan Series 100 "A" 50 Sen Pick 64 Rare Replacement Vf $1,899.99
$1 Military Payment Cetificate Mpc Series 611 Pcgs 64 Uncirculated$1 Military Payment Cetificate Mpc Series 611 Pcgs 64 Uncirculated $59.99 Military Payment Certificate .25 Cents Note Series 472 Quarter Dollar BillMilitary Payment Certificate .25 Cents Note Series 472 Quarter Dollar Bill $24.95
Series 481 $10 Ten Dollars Mpc Military Payment CertificateSeries 481 $10 Ten Dollars Mpc Military Payment Certificate $99.95 $20.00 United States Military Payment Certificate series 681 #M82 relisted$20.00 United States Military Payment Certificate series 681 #M82 relisted $15.50
2 U.S. Military Payment Certificates Script Series 481 Ten Cents2 U.S. Military Payment Certificates Script Series 481 Ten Cents $14.00 Japan Foreign Trade Payemnt Certificates 5 Pieces Set Sb 1001-05 Red page 326 RrJapan Foreign Trade Payemnt Certificates 5 Pieces Set Sb 1001-05 Red page 326 Rr $3,999.99
Mpc Military Payment Certificate Series 651 $1 One Dollar Ms67 Ppq Pcgs KoreaMpc Military Payment Certificate Series 651 $1 One Dollar Ms67 Ppq Pcgs Korea $325.00 (1948-51) $10 Series 472 Military Payment Certificate Extra Fine(1948-51) $10 Series 472 Military Payment Certificate Extra Fine $114.45
Replacement *Star* Military Payment Certificate Mpc Series 611 5 cents 577* NoteReplacement *Star* Military Payment Certificate Mpc Series 611 5 cents 577* Note $80.04 Was: $90.95 Military Payment Certificate Series 481 - Five Cents, 5 CtsMilitary Payment Certificate Series 481 - Five Cents, 5 Cts $10.00
Series 461~ Two 10-Cent Military Payment CertificateSeries 461~ Two 10-Cent Military Payment Certificate $39.95 Series 521 Military Payment Certificate 25 Cents Twenty Five 1950sSeries 521 Military Payment Certificate 25 Cents Twenty Five 1950s $6.99 Was: $9.99
Replacement Note Military Payment Certificate Mpc Series641 5 cents 550Replacement Note Military Payment Certificate Mpc Series641 5 cents 550 $70.40 Was: $80.00 2 U.S. Military Payment Certificate Five Cents Series 481 Circulated2 U.S. Military Payment Certificate Five Cents Series 481 Circulated $14.00
Old Military Script Payment BillOld Military Script Payment Bill $5.00
Click to see more Military Payment items at ebay.com
Prices current as of last update, 02/12/17 10:10am.

Home Contact Resources Exchange Links eBay