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!]

Series 471 Military Payment Certificate $10.00Series 471 Military Payment Certificate $10.00 $70.65 5 10 25 Cents. Military Payment Certificates. 5 Notes5 10 25 Cents. Military Payment Certificates. 5 Notes $72.82
Vietnam Era, Military Payment Certificate $.05 Series 692, Extra Fine ConditionVietnam Era, Military Payment Certificate $.05 Series 692, Extra Fine Condition $15.00 Mpc $1 Series 651 - Pcgs 66Ppq Gem - Beautiful Woman And Amazing Condition - GemMpc $1 Series 651 - Pcgs 66Ppq Gem - Beautiful Woman And Amazing Condition - Gem $150.00
Mpc - Series 521 50¢ Us Military Payment CertificateMpc - Series 521 50¢ Us Military Payment Certificate $118.95 Series 591 $1.00 Military Payment Certificate Pcgs 64 Very Choice NewSeries 591 $1.00 Military Payment Certificate Pcgs 64 Very Choice New $629.00
United States Banknotes, Military Etats-Unis, 25 Cents type Series 472 Pm150RzUnited States Banknotes, Military Etats-Unis, 25 Cents type Series 472 Pm150Rz $6.95 Military Payment Certificate 10 Cents. Series 471. 2 NotesMilitary Payment Certificate 10 Cents. Series 471. 2 Notes $68.60
Italy Amc series 1943 Bep 5 Lire Replacement Star Pcgs 50 About New Au RareItaly Amc series 1943 Bep 5 Lire Replacement Star Pcgs 50 About New Au Rare $549.99 ryukyu islands/okinawa us 20Yen series 100 au/uncirculated note sharp billryukyu islands/okinawa us 20Yen series 100 au/uncirculated note sharp bill $15.00
5c & $1 Military Payment Certificates. 4 Note Set5c & $1 Military Payment Certificates. 4 Note Set $54.30 Series 661 $20 Dollar Mpc, Pcgs Ext. Fine 40 U.S. Military Payment CertificateSeries 661 $20 Dollar Mpc, Pcgs Ext. Fine 40 U.S. Military Payment Certificate $348.95
Military Payment Certificate Series #692 10¢ Replacement Xf Br6880Military Payment Certificate Series #692 10¢ Replacement Xf Br6880 $195.00 5c 10c & 25c Military Payment Certificates. 4 Note Set5c 10c & 25c Military Payment Certificates. 4 Note Set $38.42
Series 661 $1 Dollar Replacement Mpc, Scarce U.S. Military Payment CertificateSeries 661 $1 Dollar Replacement Mpc, Scarce U.S. Military Payment Certificate $178.95 Series 651 $1.00 Military Payment Certificate Pmg 66 Epq Gem UncirculatedSeries 651 $1.00 Military Payment Certificate Pmg 66 Epq Gem Uncirculated $129.00
Series 471 Military Payment Certificate 5CSeries 471 Military Payment Certificate 5C $1.25 Mpc - Series 472 10¢ Cent U.S. Military Payment CertificateMpc - Series 472 10¢ Cent U.S. Military Payment Certificate $33.95
Mpc Series 472 5¢, 10¢, 25¢, 50¢, $1 U.S. Military Payment Certificate Short SetMpc Series 472 5¢, 10¢, 25¢, 50¢, $1 U.S. Military Payment Certificate Short Set $79.95 Italy Amc series 1943A 10 Lire Replacement Star Pmg 63 Choice Uncirculated RareItaly Amc series 1943A 10 Lire Replacement Star Pmg 63 Choice Uncirculated Rare $875.00
Set of 3 diff. Us Mpc Series 641 5, 10 and 25 Cents nice AuSet of 3 diff. Us Mpc Series 641 5, 10 and 25 Cents nice Au $44.99 Was: $49.99 Rare $00.50 Military Payment Certificate Note Series 461Rare $00.50 Military Payment Certificate Note Series 461 $349.00
Us Military Payment Certificates 20 Dollars Series 691 Pcgs 65PpqUs Military Payment Certificates 20 Dollars Series 691 Pcgs 65Ppq $475.00 Series 471 $1.00 Military Payment Certificate Pcgs 58 Choice About NewSeries 471 $1.00 Military Payment Certificate Pcgs 58 Choice About New $479.00
U.S. Military One Yen Currency Issued 1942 World War Ii a Series 100U.S. Military One Yen Currency Issued 1942 World War Ii a Series 100 $10.00 Ten 10 Cents Mpc Military Payment Certificate Submarine Astronaut Series 681Ten 10 Cents Mpc Military Payment Certificate Submarine Astronaut Series 681 $10.32 Was: $12.00
Military Payment Certificates, Series 641, 472 & 481 - 4 note collection setMilitary Payment Certificates, Series 641, 472 & 481 - 4 note collection set $19.99 Military Payment Certificate Series 472 5 CentsMilitary Payment Certificate Series 472 5 Cents $2.50
Mpc Vietnam era $10 series 651 Pmg graded Gem Uncirculated 66EpqMpc Vietnam era $10 series 651 Pmg graded Gem Uncirculated 66Epq $149.22 Replacement Mpc - Series 521 5¢ U.S. Military Payment Certificate, Pcgs Vf 20Replacement Mpc - Series 521 5¢ U.S. Military Payment Certificate, Pcgs Vf 20 $399.00
ryukyu islands/okinawa us 10Sen-50Sen-1Yen series 100 au/unc notes sharp bills-3ryukyu islands/okinawa us 10Sen-50Sen-1Yen series 100 au/unc notes sharp bills-3 $5.00 U.S. Military Payment Certificates 5 Cents Series 521 Xf (3-0283)U.S. Military Payment Certificates 5 Cents Series 521 Xf (3-0283) $8.50
1954-1958 Military Payment Certificate Mpc Series 521 One $1 Dollar Au #A1191954-1958 Military Payment Certificate Mpc Series 521 One $1 Dollar Au #A119 $49.99 Series 611 $1 Military Payment Certificate Banknotes. 3 NotesSeries 611 $1 Military Payment Certificate Banknotes. 3 Notes $138.60
Military Payment Certificate 5 cents (1947) Series 471Military Payment Certificate 5 cents (1947) Series 471 $7.00 Us United States Lot of (2) P-M38 1958 25 Cents Vf- Series 541 Add CollectionUs United States Lot of (2) P-M38 1958 25 Cents Vf- Series 541 Add Collection $75.95
Mpc - Series 461 5¢ Cent Replacement U.S. Military Payment CertificateMpc - Series 461 5¢ Cent Replacement U.S. Military Payment Certificate $128.95 Lot Of 3 Military Payment Certificate Five CentsLot Of 3 Military Payment Certificate Five Cents $12.00
Series 651 $10 Military Payment Certificate Pcgs 66 Ppq Gem NewSeries 651 $10 Military Payment Certificate Pcgs 66 Ppq Gem New $489.00 Military Payment Certificates 5 10 Cents $1 Banknotes. Various Series. 12 NotesMilitary Payment Certificates 5 10 Cents $1 Banknotes. Various Series. 12 Notes $79.10
[#112614] United States, 1 Dollar, 1951, Km:M26a, Undated, Vf(20-25)[#112614] United States, 1 Dollar, 1951, Km:M26a, Undated, Vf(20-25) $121.00
Click to see more Military Payment items at ebay.com
Prices current as of last update, 02/10/16 7:50am.

Home Contact Resources Exchange Links eBay