Discussion in 'Paper Money' started by treylxapi47, Jan 2, 2013.
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"FOR USE ONLY IN UNITED STATES MILITARY ESTABLISHMENTS -- BY UNITED STATES AUTHORIZED PERSONNEL IN ACCORDANCE WITH APPLICABLE RULES AND REGULATIONS."
i guess they were probably only used on bases. the only other info i have on this note is that it was made around 1969
"Military Payment Certificates are issued by the Army for payment to and use by its personnel and other authorized persons as a medium of exchange in substitution for dollars or local currency in certain overseas countries where United States military forces and establishments are located.1 Appellant was an authorized person.2 Such Certificates have been in use for more than twenty years as a means of protecting the local currency and thereby the economy of the overseas country, and, also, to prevent black market operations in American dollars and American goods available at United States Military establishments"
Here's a link to a ten cent one. Looks like it only sold for $4.49. Still kind of neat and unusual though. http://www.ebay.com/itm/10-US-Milit...=&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
mpcusa will chime in, or you can send him a PM. He's the resident expert on these notes.
The reason I assume its from similar origins is i noticed square 1 Lires the same shape and size as this German one i have. The german one reads 'ALLIERTE MILITARBEHORDE" or i guess Allied Forces in a rough translation.
Like the currency of most modern countries except the good old US of A, each denomination was a different size.
During the Korean War (and for how long before and after I can't tell you) military personnel on duty in foreign countries were paid in MPC, which was issued in denominations of 5 cents to 20 dollars. It was usuable on base and totally illegal to use on the local economy, although there was a thriving black market for them. Bronze cents were the only authorized American currency.
At random intervals of several months to a year or more, and simultaneously world-wide, totally without warning, the current MPC was declared void and you had to exchange the old for new during a window of just a few hours. Anyone in possession of more than one month's pay had to explain and justify the amount they had, or they might be denied exchange privileges.
The local GI bars in Tokyo were pretty much deserted on the night of an exchange notification when the new money wasn't issued until the next morning because the only people with usable cash were the ones who happened to have some Yen on hand. That night was the only night the big Rocker Four NCO club near the Ginza was not operating during my entire stay.
And yes, they are collectible, but I have no idea of value. I cashed in all I had at face value at Camp Drake before boarding the ship for my return to the States.
You were lucky that you could exchange them, my dad was in Vietnam then and being out on a long mission when C-day came which is why when he came back I got a small pile of the Series 661 notes and a handful of Viet and Japanese coins and paper money when I was a kid - they were the start of my numismatic madness and I still have them all these years later.
But your note was issued in 1969 and was used in Vietnam. If the note was in much better condition or a replacement, it would be worth a decent amount. In the current condition it would be worth only a few bucks.
They're pretty cool. I have a couple. The folks above covered everything else.
If anyone happens to be interested, just shoot me a PM. Id be interested in some small silver in exchange.
MPC (Military Payment Certificates) and the "square" lire and mark notes referenced in post #6 are not related. Those notes are Allied Military Currency (AMC) and were used as occupation money during and immediately after the war. Some will state that MPC developed from AMC but that is completely false.
Occupation currency like AMC is issued to compel the occupied country to pay the cost of the occupation. MPC was issued in an attempt to segregate the economy of the US military installation from the local economy to curtail black marketing and the negative effect the strong currency (US$) would have had on the weak currency of the other country.
The back is taken from a picture of Ed White on a spacewalk.
Thanks for clarifying the difference between AMCs and MPCs, i wouldve never known. I think the German one i have is pretty neat considering the date is 1944. Might hang onto that one for now.
5 cent= 611, 651
10 cent= 651
25 cent= 611, 651
$1.00 cent= 541
$5.00 = 471, 472, 541, 591, 611, 651, 681
$10.00= 471, 541, 591, 661, 681, 692
Most of these are expensive,and will be slow to acquire. The reds most, green not real bad, rest are not too bad, depending on the condition wanted.
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