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50 Cents Military Payment Certificate
| Issuer | United States Army |
|---|---|
| Year | 1948-1951 |
| Type | Vouchers |
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| Obverse description | The Great Seal of the United States vignette occupies the center of a dense guilloche underprint in blue and teal, flanked by large denomination numerals '50 CENTS' at left and right. Scrollwork ornaments appear at each corner, with the series designation above the seal and a serial number below. The left panel carries the usage restriction text in blue letterpress on a wave-pattern underprint. |
|---|---|
| Obverse lettering | 50 CENTS 50 SERIES 472 MILITARY PAYMENT CERTIFICATE FOR USE ONLY IN UNITED STATES MILITARY ESTABLISHMENTS BY UNITED STATES AUTHORIZED PERSONNEL IN ACCORDANCE WITH APPLICABLE RULES AND REGULATIONS. 50 CENTS 50 |
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| Comments |
Military Payment Certificates were introduced in 1946 to suppress the black market trade in U.S. dollars that had plagued occupied Europe and the Pacific after the war. By controlling the scrip used to pay American troops, the Army could periodically call in a series overnight — "conversion day" — with no advance warning, rendering hoarded certificates worthless and cutting off local speculators who had accumulated them.
Series 471 and 472 were the second MPC issue, valid from 1948 until the Series 481 changeover in 1951. Tudor Press, a Boston-based commercial printer, produced this series under military contract — an unusual assignment for a firm better known for trade publishing work.