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10 Cents Naval Air Station Sangley Point
| Issuer | Naval Air Station Sangley Point |
|---|---|
| Year | 1946-1971 |
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| Currency | Dollar (1785-date) |
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| Obverse description | Green letterpress print on cream paper. Numeral "10" appears vertically at both left and right margins. Central text reads "C. O. M. (L)" above "NAS, Sangley Pt." A dotted line runs horizontally across the lower portion, with a pink/red handwritten endorsement stamp partially visible at lower right. |
|---|---|
| Obverse lettering | 10 C. O. M. (L) NAS, Sangley Pt. |
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| Comments |
Sangley Point, on the tip of the Cavite peninsula in Manila Bay, hosted a U.S. Navy installation that operated its own scrip system for decades following World War II. These Military Payment Certificates and station-issued tokens were a practical solution to a persistent problem: keeping U.S. dollars off the Philippine black market, where the exchange rate premium made dollar leakage a constant headache for base commanders.
The 25-year date range reflects the longevity of the scrip program rather than continuous printing of a single type — individual issues within this span were typically invalidated and replaced without public notice, a deliberate tactic to catch unauthorized holders.