Wow! Key Date Coins AM Live Auction 33 Part 2 Day 2
By Key Date Coins
Contact auction house
Sep 14, 2023
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
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LOT 3506:
Military Payment Certificate (MPC) Series 521 5 Cents Grades vf+. Military payment certificates (MPC) were used ...
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Sold for: $5
Start price:
$
5
Estimated price :
$25 - $100
Buyer's Premium: 18%
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Military Payment Certificate (MPC) Series 521 5 Cents Grades vf+. Military payment certificates (MPC) were used to pay US military personnel stationed in foreign countries. They were created in order to reduce currency arbitrage. These MPCs could be redeemed for US dollars when a soldier left an MPC zone. If a soldier went on leave then the MPCs could be converted into local currency.Series 681 military payment certificates are a favorite of the men and women who actually served in Vietnam. Many of those same people are now big collectors today. They are popular because the artwork on these MPCs actually has something to do with the military, unlike previous issues which were all just generic vignettes. I am sure the Bureau of Engraving and Printing considered these a success. Series 681 MPCs were only used in Vietnam between August 11, 1969 and October 7th, 1970.
