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1 Dollar Military Payment Certificate
| Issuer | United States Military Payment Certificate |
|---|---|
| Year | 1958-1961 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | PM41 |
| Obverse description | Central oval vignette of a young woman in classical portrait style, flanked by two intaglio numeral-1 medallions with guilloche underprint in blue and green. Series number 541 printed above the central vignette; denomination numeral 1 appears in each corner. Multicoloured fine-line underprint across the entire face. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Central oval vignette of a seated classical allegorical female figure holding a fasces and resting beside an urn, rendered in intaglio on a fine guilloche underprint in blue. Denomination numeral 1 in each lower corner; title banner at top. Legend in small text along the lower border. |
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| Comments |
Series 521, issued from 1958 to 1961, was the fourth MPC series produced after World War II. MPCs were designed specifically to control black market currency exchange in occupied and combat zones — soldiers were paid in them, and conversion to local currency was tightly regulated. When a series was retired, unannounced "conversion days" gave authorized personnel a narrow window to swap old notes for new ones, deliberately freezing out black market operators who had accumulated large stocks.
Tudor Press, a Boston firm, handled printing for several MPC series before the program eventually shifted to the Bureau of Engraving and Printing.