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5 Dollars
| Issuer | United States Army |
|---|---|
| Year | 1946 |
| Type | Pattern or trial banknote |
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|---|---|
| Obverse lettering | MILITARY PAYMENT CERTIFICATE FIVE DOLLARS FOR USE ONLY IN UNITED STATES MILITARY ESTABLISHMENTS BY UNITED STATES AUTHORIZED PERSONNEL IN ACCORDANCE WITH APPLICABLE RULES AND REGULATIONS. SERIES 461 $5 |
| Reverse description | The reverse is printed primarily in black on a teal-green guilloche underprint. At the lower centre, an American eagle is set within a circular ornamental frame, surrounded by fine lathe-work patterns. The border consists of repeating decorative scroll elements, and the full restriction legend appears in the upper portion of the note. |
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| Comments |
Military Payment Certificates were not introduced until 1946, and this series — the first MPC issue — was designed specifically to cut off the black market currency trading that had plagued American forces in occupied territories during the war. By replacing greenbacks with scrip redeemable only by authorized personnel, the Army could, in theory, prevent locals and unauthorized parties from accumulating U.S. dollars.
Forbes Lithograph in Boston printed the series under tight security. Conversion days, when one MPC series was suddenly replaced by another without advance notice, were the real enforcement mechanism — anyone holding notes outside authorized channels lost everything.