Just after the close of World War II, the U.S. government
decided to stop paying our soldiers overseas with U.S. currency,
and start paying them with specially designed Military Payment
Certificates. These notes had the full value of U.S. currency,
but were only valid in U.S. military installations and
exchanges. In this way, the U.S. military could control the
amount of U.S. currency entering foreign hands and limit the
black market in illicit goods, as only U.S. military personnel
could exchange the MPC's (as they are known) into U.S. currency.
Several different series were issued between 1946 and 1973, and
were used in all major military based and in our nation's many
conflicts. In many cases, few were saved by returning soldiers,
making them very scarce and desirable today. #131714:
Replacement note. Very scarce, Only approx 21 known. #120479:
Europe & Korea use. Simply magnificent quality. #132214:
Replacement note., Very scarce about 25 known., minor faults.