Military payment certificate series 661

Series military payment certificates are extremely common.

Most military payment certificate series notes aren't very valuable. However rare notes exist and they can sell for more money. Continue reading to learn more about these notes. Military payment certificates MPC were used to pay US military personnel stationed in foreign countries. They were created in order to reduce currency arbitrage. If a soldier went on leave then the MPCs could be converted into local currency. They were issued to US military personnel in Vietnam.

Military payment certificate series 661

Military Payment Certificates MPC were created and issued in US occupied areas in an attempt to prevent and combat black-market activities and to ensure that the American dollar remained insulated. MPCs were issued to service personnel and some types of civilians. They were accepted as a form of payment on bases, ships, canteens, and other similar places but could not be used to buy local goods or services without prior permission and only by those authorised to accept MPCs. Despite security measures being put in place, MPCs soon found their way into the local economy by fraud, theft or other means. When American officials felt that substantial quantities of MPC were embedded into the local economy, or that the current series of MPC was in some other way being compromised, another series would be released to replace and devalue the current one. This note is part of Series , issued 21 October and withdrawn 11 August Download Low Res Image. Order a copy. Share this page. Related information.

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They were printed in fifteen series and used in 22 different countries during that 27 year period. The denominations issued range from as little as five cents all the way up to twenty dollars. Military payment certificates were intended to be used by members of the United States military who were serving overseas. That means that U. MPCs can be found all over the world today. They have been very well researched.

Military payment certificate series 661

The U. There was a need to restrict payments to U. Especially in war zones, where U. This scrip would be exchangeable only by those to whom it was issued and only convertible on military installations. The various series published would replace the last series without prior notice. The previous issues were only redeemable by military personnel. The preceding series could become worthless after a brief period of redemption. This plan discouraged the black market from developing. MPC replacement notes, like U.

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Related information. Replacement Notes Replacement notes are more rare and more valuable. Conflicts Vietnam, The MPC series 50 cent replacement notes exist but they are very rare. There may be some creases, folds, or light smudges. Download Low Res Image. This field is for validation purposes and should be left unchanged. MPCs were issued to service personnel and some types of civilians. Nearly million dollars in face value was issued. They were accepted as a form of payment on bases, ships, canteens, and other similar places but could not be used to buy local goods or services without prior permission and only by those authorised to accept MPCs. Replacement notes are more rare and more valuable. Replacement notes will sell for higher prices. Despite security measures being put in place, MPCs soon found their way into the local economy by fraud, theft or other means. When dealing with series military payment certificates you really just need to focus on finding replacement notes.

These small, colorful payment certificates are not as popular among the collector base as they once were.

Continue reading to learn more about these notes. Replacement notes are more rare and more valuable. However rare notes exist and they can sell for more money. This note is part of Series , issued 21 October and withdrawn 11 August The MPC series 50 cent replacement notes exist but they are very rare. They were accepted as a form of payment on bases, ships, canteens, and other similar places but could not be used to buy local goods or services without prior permission and only by those authorised to accept MPCs. Replacements are especially rare on five, ten, and twenty dollar MPCs. Nearly million dollars in face value was issued. Most military payment certificate series notes aren't very valuable. There are pronounced creases. There may be some creases, folds, or light smudges.