What is the value of a military payment certificate?

What is the value of a military payment certificate?

Most of the common military payment certificates are not valuable and only worth a few dollars in fine condition. MPCs in the better condition grades will sell for more money. Uncirculated notes will sell for the highest prices. Most of the MPC replacement notes are worth over $100 in fine condition.

What is a military certificate?

Military payment certificates, or MPC, were a form of currency used to pay U.S. military personnel in certain foreign countries. They were used in one area or another from a few months after the end of World War II until a few months after the end of U.S. participation in the Vietnam War – from 1946 until 1973.

Who is the lady on the military payment certificate?

Anne Izard’s portrait is depicted on the $5 Series 591 military payment certificate. These federal issues were used to pay U.S. military personnel stationed in foreign lands from just after World War II until after the Vietnam War. The notes were intended to prevent a black market in regular notes.

What is military script?

MPCs were a form of scrip (paper money issued for temporary use) used to pay U.S. military and civilian personnel and to conduct other financial transactions on designated overseas military bases.

How much is a 10 cent Military Payment Certificate worth?

The average series 481 ten cents military payment certificate is probably only worth one or two dollars. They are common because they were literally used all around the world. Series 481 MPCs were circulated in 18 different countries during the three year period in which they were legal tender.

What is allied military worth?

Notes today are fairly common, and can be valued anywhere from one dollar (for a common bill) to a couple thousand dollars for a rare series, low printing, or replacement bill.

How much did a US soldier get paid in Vietnam?

Vietnam War New soldiers pocketing $78 would have a salary that equates to 642.71 now, while those with over four months of service who pocketed $83.20 were receiving the equivalent of $685.56 in today’s dollars.

How much is a Military Payment Certificate Series 481 worth?

The MPC series 481 5 cent notes are worth around $2 in fine condition. In very fine condition the value is around $4. Uncirculated notes can sell for around $27.50.

Is German money from WW2 worth anything?

During WW2 Germany had the “Reichsmark”, which was roughly 2.50RM to 1US$, so that’s 1 US$ in 1940. One dollar in 1940 is worth $18.60 today. In other words, 1 RM would be worth $7.44 today.

What currency was used in WW2?

Replaced German Rentenmark
Date of withdrawal June 20, 1948 (West Germany) July 28, 1948 (East Germany)
Replaced by AM-Mark Deutsche Mark (West Germany) East German mark (East Germany)
User(s) Weimar Republic Nazi Germany Allied-occupied Germany

How much did a private make in Vietnam?

Base Pay (per Month)

Grade Title Base Monthly Pay
E1 Private Recruit $288
E2 Private (Pvt.) $320
E3 Private First Class (PFC) $333
E4 Specialist 4 (SP/4) $345

How much did Confederate soldiers get paid?

In theory, the soldiers of both the Confederate and the Union armies were supposed to be paid every two months….Army.

Confederate Union
First Lieutenant $90.00 $105.50
Captain $130.00 $115.50
Major $150.00 $169.00
Lieutenant Colonel $170.00 $181.00

What’s the value of a Military Payment Certificate?

Military payment certificates are not good at their face value today. Each series was devalued when a new one was issued. Of course the soldiers and other personnel didn’t want to get stuck with worthless money. So there was an extremely strong incentive to exchange your old series for the new series.

When was series 521 Military Payment Certificate issued?

Series 521 MPCs were used in 19 different countries between May 25th, 1954 and May 27th, 1958. Almost 317 million dollars worth of currency was issued across all seven denominations during that time period. For that reason, most 521 notes are very common. However, there are certainly exceptions to that rule.

When did military scrips become Military Payment Certificates?

Unfortunately, this was not the solution to the problem. In 1946, a proposal was made by the Treasury Department and accepted by the War Department for a military scrip which would become US Military Payment Certificates. The proposal and eventual MPCs came with limitations on use.

When was the Military Payment Certificate series 481 issued?

The MPC series 481 notes were issued from June 20th, 1951 to May 25th, 1954. They were issued to US military personnel in the following countries: Austria, Belgium, England, France, Germany, Greece, Hungary, Iceland, Italy, Japan, Korea, Morocco, Philippines, Ryukyus, Scotland, Trieste, and Yugoslavia.

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