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Bank Note Reporter
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Military Payment
Certificates (MPC)

A selection of common, scarce and rare U.S. and world Military Payment Certificates (MPC); other numismatic items may be included. If you don't see what you're looking for, please submit your want list. Thank you.

[MPC evolved from Allied Military Currency as a response to the large amounts of U.S. dollars circulating in post-World War II Europe due to American servicemen.] . . . It is hard for young persons in industrialized nations to appreciate the circumstances of U.S. soldiers, sailors and airmen in overseas assignments during the fifties and sixties. The concept of a regulated currency is foreign to the generation which knows only unbacked paper, floating exchange rates, free ownership of bullion, and other aspects of modern monetary systems. Even harder is understanding why one would want to prevent a free movement of dollars into a host country's economy, or how the nature of a currency instrument could influence the price of, and even the availability of, a commodity . . . -- Military Payment Certificates (1987), by Fred Schwan

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