LOT 346:
PCGS Military Payment Certificate (MPC) Rare Series 521 $10 Graded au50 By PCGS. Military payment certificates ...
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Sold for: $150
Start price:
$
25
Estimated price :
$200 - $400
Buyer's Premium: 20%
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PCGS Military Payment Certificate (MPC) Rare Series 521 $10 Graded au50 By PCGS. 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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