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25 Cents Military Payment Certificate

发行方 United States Military Payment Certificate
年份 1968
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尺寸 108 x 54 mm
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印刷机构 登录 以查看详情
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正面铭文 登录 以查看详情
背面描述 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.
背面铭文 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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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.

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