New England Rare Coin Hoard Auction 18 Part 1 Day 2
By Key Date Coins
Apr 22, 2023
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
The auction has ended

LOT 1105:

Military Payment Certificate (MPC) Series 521 5c Grades f+. 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%
Auction took place on Apr 22, 2023 at Key Date Coins
tags:

Military Payment Certificate (MPC) Series 521 5c Grades f+. 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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