Bank.notes

Collection United States #602

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5 cents Military Payment Certificate (MPC)

United States 1946_1989 F P-M8 Needs review ✦ AI 88%
blurrylow_light
Front · IMG_7401.HEIC cropped
Back · IMG_7402.HEIC cropped
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Identity

Where & when

Country United States
Currency Military Payment Certificate (MPC)
Denomination 5 cents
Series name Series 472
Series year
Issue year
Era 1946_1989
Legal status demonetized
Predecessor currency
Successor currency Series 481
Subjects & design

What's on the note

Front portrait Allegorical female figure (Liberty)
Reverse subject Office of Price Administration ration coupon design
Watermark
Color palette #9b4d96,#f5e6d3,#1a1a1a
Themes military,commemorative
Language / script Latin

Front: Allegorical female figure representing Liberty, a classical motif used on U.S. military payment certificates. The design features ornate scrollwork and the text 'MILITARY PAYMENT CERTIFICATE' with denomination '5 CENTS' prominently displayed. The note states 'FOR USE ONLY IN UNITED STATES MILITARY ESTABLISHMENTS — BY UNITED STATES AUTHORIZED PERSONNEL IN ACCORDANCE WITH APPLICABLE RULES AND REGULATIONS.' Military Payment Certificates were special currency issued to U.S. military personnel in foreign countries to prevent black market trafficking of U.S. dollars and to control currency exchange in occupied territories and military bases.

Back: The reverse features an overprint reading 'UNITED STATES OF AMERICA / OFFICE OF PRICE ADMINISTRATION / RATION COUPON / FOR TWENTY POINTS / PROCESSED FOODS' with 'OPA Form R-1325' and 'GPO 16-34717-1' reference numbers. This represents a World War II-era ration coupon design incorporated into the MPC backing, referencing the wartime rationing system administered by the Office of Price Administration (1942–1947). The OPA managed civilian rationing of food and consumer goods during WWII, and processed foods required point-based ration stamps for purchase.

Production

How it was made

Issuer United States Department of Defense
Issuer (native)
Printer Bureau of Engraving and Printing
Engraver
Material paper
Dimensions (mm)

Security features: microprint,intaglio

Geography

United States in North America

United States in North America. Other countries on the same continent shown in muted grey.

The story

Background & history

This is a Series 472 Military Payment Certificate (MPC), issued from 1951 to 1954 for use by U.S. military personnel in post-WWII occupied territories and military installations overseas. MPCs were designed to prevent black market currency trading and control monetary circulation in military zones. Series 472 was the first MPC series issued after World War II ended, reflecting the ongoing U.S. military presence in occupied Japan, Germany, and Korea during the early Cold War period. The unusual reverse featuring an OPA ration coupon design is a distinctive characteristic of early MPC series, repurposing wartime administrative forms. MPCs were periodically recalled and replaced without warning (called 'C-Day' or 'Conversion Day') to prevent hoarding and black market abuse. Series 472 was replaced by Series 481 in 1954. The note is printed by the Bureau of Engraving and Printing. The 5-cent denomination represents the smallest value in this series.

Catalogue

Collector references

Pick # M8
Krause ID
Rarity tier scarce
Series range 1951–1954
Provenance

How it came to me

Acquired date
Acquired from
Acquired price
Currency
Condition
Grade F
Serial number

Heavily circulated with significant wear, creasing, and edge damage. Discoloration and staining visible throughout. Design remains legible.

Valuation

What it's worth now

$10–$30
Type default range $10–$30
Valuation history (1)
datelowhighcurrencysourcenote
2026-05-10 07:33:50 10.0 30.0 USD ai from claude-sonnet-4-5
Technical

History & extractions

AI extractions (1)
anthropic · claude-sonnet-4-5 2026-05-10 07:33:50
status: ok · step 1 · $0.0417 · 7371↓ + 1304↑ tokens
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