LOT 1006:
Military Payment Certificate (MPC) Series 521 5c Grades vf+. Military payment certificates (MPC) were used to pay ...
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Sold for: $10
Start price:
$
5
Estimated price :
$25 - $100
Buyer's Premium: 18%
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Military Payment Certificate (MPC) Series 521 5c Grades vf+. Military payment certificates (MPC) were used to pay US military personnel stationed in foreign countries. They were created in order to reduce currency arbitrage. These MPCs could be redeemed for US dollars when a soldier left an MPC zone. If a soldier went on leave then the MPCs could be converted into local currency.
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