Military Payment Currency Guide

To further clarify, many people use different words to describe certain notes
The Series 611 $10 has always been called the "Marilyn Monroe" because
Of the likeness and glamour of it, also the Series 681 $20 has been known
As the "Audie Murphy" people associate names to different things, just
Makes it easier..LOL

 

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OK who picked the people and the design of MPC's. Are they Treasury Dept., etc?

 

The BEP produced the designs with guidance from the Army. Len Buckley who designed Series 681 for the BEP gave a presentation a few years ago at the MPCFest. He described a fairly involved process from concept to finish.

 

Those are, to me, far more beautiful than any ordinary money.

I'm assuming that because of their condition and rarity, these notes are in the three to four figure range.

 

Not sure if you mean hundreds or thousands ? Value is basically based
On three things, first and foremost is condition followed closely by rarity
and third popularity, most of my MPC,S are (TPG) third party graded
By either PCGS or PMG, its is extremely difficult for people to agree on
Value of raw notes (ungraded) especially if your using only a picture
Almost impossible ! But graded notes can be bought and sold sight
Unseen and that,s a huge advantage.

To give you an idea on value, i will go over some of the notes in my collection
Since you asked, that way it will give you a good idea on approx value.
Remember many of my notes are one of a kinds and of the highest grade
So they are irreplaceable !

Starting with my number one is this Series 661 $20 PCGS68PPQ
This note as a few things going for right off the bat, first its a
Rare note in its own right with only 8M printed a low number
Secondly it,s the first series to have an actual $20 in it all previous
Ones were $10,s and thirdly its the one and only 68PPQ in existence
To top it off and this note is worth right around $8,500 i did turn
Down an offer of $6,500 not to long ago.






I dont want to scare you way with the above figure, Most MPC, Can be had
For allot less, raw gem notes would generally be in the $550-$750 Range
Depending on centering at first glance.

Will go over some more tomorrow, getting late here on the west coast

 

WOW.....I'm speechless....at both the quality and the price.

 

When you start getting into finest known territory the prices will reflect!

I really ought to pay more attention to my MPC collection...threads like this tug at my heartstrings.

 

Five or six years ago a Series 661 $20 in 66EPQ would cost you $2K-$3K. Now you can buy an example in 66EPQ for just over $1K.

 

Prices are indicative to availability, less available more expense , most of
What i collect are 1 - 10 populations notes, so you can throw the average
Cost out the window, not that there,s good deals out there because sometimes
People need money and are willing to sell at a loss !
i will post more latter.

 

@mpcusa , Which of your notes have less than 10 known ?

 

Condition rarity.

Here is one with less than 10 known although 56 were made.

 

I think you misunderstood, its graded populations not the notes themselves
The Series 661 $20 ( the one above has a population of only 1 in 68PPQ
With none higher) unless you have discovered another that i dont know
About....LOL

 

And here,s another, this is second on my list, with a value of $5,500 originally
From the Tom Flynn collection, i have had this one for several years Series 681
$10 in 69PPQ a pure master piece, for sure one of my favorites and it honors
The military which is huge plus for me.

 

They dont all have to be superstars or super expensive for that matter
A/U grades offer great quality at an excellent price ! here,s one of my
examples, Series 591 $10 in 53EPQ picked this one up some time ago
for $675.00 which is a steal ! Uncirculated grades can be 4 or 5 times
This price.






That PPQ or EPQ is very important in an A/U grade

 

@mpcusa Where are you getting your pricing ($5,500) ?

Isn’t this the same note ?

 

Condition is always the first thing you consider when buying anything i
Can remember seeing on ebay i guy trying to sell Series 681 $20
Replacement notes (Raw) i believe he as asking $700 for each and
He had a couple, then he got them graded went VF-20 which dropped
The value substantially.

Also you cant trust printed populations as many were destroyed
Like in this pic.

 

Well again if you can find another Series 681 $10 in 69PPQ for $977, i will
Buy all you have unfortunately you cant, being this the only one, and the
$5,500 would be more then a fair price for this note, Its obvious your
Not in your element here, so dont try and be an expert on something
Your not, Sad but true, i know way more about these then you do

 

This has nothing to do with being an expert. The MPC market is a very narrow niche within the hobby and you’re always saying that it’s only worth what someone is willing to pay. Inflating the price doesn’t make it worth more. You definitely know more about these than me, but that doesn’t mean I’m unable to research pricing.

 

It sure does, knowing the value of each individual note and how rare that note
Is in the MPC world, is very important, i think whats lost in translation here
is not necessarily the note but the grade of the note, the Series 681 $10 note
Itself has a delivered population of only 3,200,000 and that,s a very low number
To start with, add in the obvious burning parties as the picture above depicts
and your numbers drop drastically, 4.5 Million dollars in MPC is a tremendous
amount and there were more of the same and that would affect actual on hand
Populations.

As far as your analogy on value and price, its true and yes i say it all the time
"something is worth only what someone else is going to give you for it"
You of course would not pay that amount, but many MPC collectors would
Jump at the chance to own a one of a kind like this, and if i were to
Consider selling it, that would be a realistic point, your auction price is
Several years old, so i guess in your mind as per your other post the
Price of this one has dropped as well ?......LOL

If your talking run of the mill MPC,S there still a great value ! and many
Can be had for a good price, but when you again get in to an area of extreme
Rarity, the prices will always be high, that simple supply and demand 101

I have over 20 years experience in graded MPC, so a little credit would be
Appreciated on knowing what i am talking about , my collection is an obvious
Statement to that

 

Relax Rusty.