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<p>[QUOTE="hontonai, post: 1605000, member: 4703"]Well, I can tell you that that particular scrip was not in use in Korea or Japan during 1953-55.</p><p><br /></p><p>Like the currency of most modern countries except the good old US of A, each denomination was a different size.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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.</p><p><br /></p><p>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.[/QUOTE]</p><p><br /></p>
[QUOTE="hontonai, post: 1605000, member: 4703"]Well, I can tell you that that particular scrip was not in use in Korea or Japan during 1953-55. 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.[/QUOTE]
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