Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
Mpc series 521 $1 just in from pcgs
>
Reply to Thread
Message:
<p>[QUOTE="lettow, post: 799024, member: 6986"]Schwan considers the Series A AMC yen as the first MPC. The A yen notes were intially issued for a short time in Korea after WWII. This was to differentiate them from the B yen that was issued in the Japanese homeland. After the A yen were withdrawn from Korea, they were issued to US military personnel in Japan and could only be used in the US military installations. A yen could be converted to B yen but not the other way around. In other words, the A yen functioned the same as the later issues of MPC would. The success of the experimental use of A yen in this manner led directly to the introduction of MPC. The A yen was withdrawn from use when Series 461 MPC was introduced. The A yen is sometimes referred to as an experimental MPC series.</p><p><br /></p><p>In Europe, a coupon system was initially tried in Berlin. US personnel were issued coupons in addition to their regular pay which was paid in AMC marks. The coupons had a face vaue equivalent to the amount of pay received but were not legal tender themselves. In order to spend marks in the US military installations, US personnel had to present the coupons as well. This prevented US military personnel from spending more than the aggregate pay. This was designed to control blackmarketing by providing a control on the amount of money US personnel could spend or send home. They could spend all the marks they wanted on the German economy but were limited in what they could spend or send home by money order.</p><p><br /></p><p>In comparison to the A yen system, the coupon system was determined to be too cumbersome. The coupon system was stopped in Berlin when MPC was introduced. A similar coupon system was used in Vietnam for Korean and Thai personnel who could use US MPC. The US military in Europe after WWII also tried to use currency control books in which all pay and transactions were recorded in the books. This was also determined to be too cumbersome and ineffective.</p><p><br /></p><p>The currency control books are scarce with only a few known. None of the coupons used in Berlin are known to exist in collections or elsewhere. The only reason they are known to have been used is that they were described in articles in the European Stars and Stripes and other contemoporary military publications. The Korean and Thai MPC coupons are available but most are not cheap.[/QUOTE]</p><p><br /></p>
[QUOTE="lettow, post: 799024, member: 6986"]Schwan considers the Series A AMC yen as the first MPC. The A yen notes were intially issued for a short time in Korea after WWII. This was to differentiate them from the B yen that was issued in the Japanese homeland. After the A yen were withdrawn from Korea, they were issued to US military personnel in Japan and could only be used in the US military installations. A yen could be converted to B yen but not the other way around. In other words, the A yen functioned the same as the later issues of MPC would. The success of the experimental use of A yen in this manner led directly to the introduction of MPC. The A yen was withdrawn from use when Series 461 MPC was introduced. The A yen is sometimes referred to as an experimental MPC series. In Europe, a coupon system was initially tried in Berlin. US personnel were issued coupons in addition to their regular pay which was paid in AMC marks. The coupons had a face vaue equivalent to the amount of pay received but were not legal tender themselves. In order to spend marks in the US military installations, US personnel had to present the coupons as well. This prevented US military personnel from spending more than the aggregate pay. This was designed to control blackmarketing by providing a control on the amount of money US personnel could spend or send home. They could spend all the marks they wanted on the German economy but were limited in what they could spend or send home by money order. In comparison to the A yen system, the coupon system was determined to be too cumbersome. The coupon system was stopped in Berlin when MPC was introduced. A similar coupon system was used in Vietnam for Korean and Thai personnel who could use US MPC. The US military in Europe after WWII also tried to use currency control books in which all pay and transactions were recorded in the books. This was also determined to be too cumbersome and ineffective. The currency control books are scarce with only a few known. None of the coupons used in Berlin are known to exist in collections or elsewhere. The only reason they are known to have been used is that they were described in articles in the European Stars and Stripes and other contemoporary military publications. The Korean and Thai MPC coupons are available but most are not cheap.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
Mpc series 521 $1 just in from pcgs
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...