This listing is for the photographed 1970 U.S. Military 1 Dollar Payment Certificate. Series 692. These notes were used by soldiers during the Vietnam War, primarily in the U.S. overseas military bases. Obverse portrait of a woman on the left end of this note. Reverse design features a buffalo at the center, an identifying feature of this issue of MPCs. Very Fine (VF) grade/condition, signs of circulation and folds. Beautiful artwork and design. Notes from this series are a rarer find compared to others, increasing their value. P#M95 (Pick number M95).
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.
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1970 U.S. Military 1 Dollar Payment Certificate - Series 692 - Buffalo Reverse Issue - 1970 United States Military One Dollar Note - P#M95