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Military Payment Certificate (MPC) Series 521 $1 Grades Gem CU

Currency:USD Category:Coins & Paper Money Start Price:25.00 USD Estimated At:150.00 - 300.00 USD
Military Payment Certificate (MPC) Series 521 $1 Grades Gem CU
Military Payment Certificate (MPC) Series 521 $1 Grades Gem CU. One really neat thing about series 521 military payment certificates is that they were the first issue to have the denomination of each note printed on the reverse. All previous issues just had a standard generic design on the backs. This also marked the first time that Forbes Lithograph Corporation was responsible for the entire printing. Forbes incorporated “real people” into the designs of the one, five, and ten dollar denominations instead of the previous classically inspired designs. Series 521 MPCs were used in 19 different countries between May 25th, 1954 and May 27th, 1958. Military payment certificates, or MPC, were a form of currency used to pay U.S. military personnel in certain foreign countries. They were used in one area or another from a few months after the end of World War II until a few months after the end of U.S. participation in the Vietnam War – from 1946 until 1973. MPC utilized layers of line lithography to create colorful banknotes that could be produced cheaply. Fifteen series of MPCs were created. However, only 13 series were issued. The remaining two were largely destroyed, although some examples remain. Among the 13 released series a total of 94 notes are recognized.