Post Baltimore Rare Coin Auctions 28 Part 1 Day 2
By Key Date Coins
Contact auction house
Jun 21, 2023
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
Terms of sale
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The auction has ended
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LOT 1344:
1970 U.S. Military Payment Certificate MPC 10 Cent Note P# M92 Grades vf+. Allied Military Currency ...
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Sold for: $15
Start price:
$
5
Estimated price :
$25 - $100
Buyer's Premium: 18%
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1970 U.S. Military Payment Certificate MPC 10 Cent Note P# M92 Grades vf+. Allied Military Currency ("AMC") was a form of currency issued by the Allied powers during World War II, to be issued to troops entering liberated or newly occupied countries. Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency. 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 severely problematic, risking severe inflation.
