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25 Cents Military Payment Certificate
| Issuer | United States Military Payment Certificate |
|---|---|
| Year | 1968 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 108 x 54 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | All-over guilloche design in brown and red, with four ornate rosette medallions at the corners each bearing the numeral '25'. A central cartouche carries the 'MILITARY PAYMENT CERTIFICATE' title in bold letterpress with a subordinate legal-use clause below. Denomination words 'TWENTY FIVE' and 'CENTS' appear above and below the central cartouche respectively. |
| Reverse lettering | TWENTY FIVE MILITARY PAYMENT CERTIFICATE FOR USE ONLY IN UNITED STATES MILITARY ESTABLISHMENTS — BY UNITED STATES AUTHORIZED PERSONNEL IN ACCORDANCE WITH APPLICABLE RULES AND REGULATIONS. CENTS 25 |
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| Comments |
Military Payment Certificates were issued to U.S. servicemembers stationed overseas as a buffer against black market currency exchange — foreign nationals who obtained dollars could exploit official exchange rates, so MPC series were periodically recalled and replaced with no advance notice, a process called "Conversion Day." Anyone caught holding the old series after midnight was simply out of luck. Series 641, the 1968 issue, circulated primarily in Vietnam and was replaced by Series 651 in August 1969.
The abrupt, unannounced conversion cycle means surviving examples from active-duty circulation are relatively common; soldiers had little incentive to hoard denominations this small.