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Military payment certificates, or MPC, was a form of currency used to pay United States (US) military personnel in certain foreign countries in the mid and late twentieth century. 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 ...
Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency. [1] Most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be very problematic, risking severe inflation.
Postage (or postal) currency was the first of five issues of US Post Office fractional paper money printed in 5-cent, 10-cent, 25-cent, and 50-cent denominations and issued from August 21, 1862, through May 27, 1863. [16] Spinner proposed using postage stamps, affixed to Treasury paper, [17] with his signature on the bottom (see illustration ...
Transporting U.S. currency overseas costs the military hundreds of thousands of dollars annually – during the Iraq War, for every $1,000,000 sent to pay soldiers in Iraq, it cost $60,000 in security, logistics, and support fees. [6] It also eliminates the need for the World War II practice of producing the military payment certificate. The ...
During World War I, 25-cent Thrift stamps were offered to allow individuals to accumulate enough over time to purchase the standard 5-dollar War Savings Certificate stamp. When the Treasury began issuing war savings stamps during World War II, the lowest denomination was a 10-cent stamp, enabling ordinary citizens to purchase them.
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Hollow Horn Bear was featured on a 1922 US postage stamp and a 1970 $10 Military Payment Certificate. Some sources record him as the basis for the image on the 1899 US five-dollar silver certificate and other depictions of Native Americans. A historical marker was erected in his honor in South Dakota in 1962.
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