Most military payment certificate series 611 notes aren't very valuable. However rare notes exist and they can sell for more money. Continue reading to learn more about these notes.
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.
The MPC series 611 notes were issued from January 6th, 1964 to April 28th, 1969. They were issued to US military personnel in the following countries: Cyprus, Japan, Korea, and Libya.
Value
The value will mainly depend on the series and the note's condition. Replacement notes will sell for higher prices.
The MPC series 611 5 cent notes are worth around $5 in fine condition. In very fine condition the value is around $7.50. Uncirculated notes can sell for around $40.
The MPC series 611 10 cent notes are worth around $5 in fine condition. In very fine condition the value is around $8. Uncirculated notes can sell for around $45.
The MPC series 611 25 cent notes are worth around $30 in fine condition. In very fine condition the value is around $75. Uncirculated notes can sell for around $275.
The MPC series 611 50 cent notes are worth around $30 in fine condition. In very fine condition the value is around $75. Uncirculated notes can sell for around $275.
The MPC series 611 $1 notes are worth around $5 in fine condition. In very fine condition the value is around $10. Uncirculated notes can sell for around $100.
The MPC series 611 $5 notes are worth around $125 in fine condition. In very fine condition the value is around $175. Uncirculated notes can sell for around $2,000.
The MPC series 611 $10 notes are worth around $130 in fine condition. In very fine condition the value is around $225. Uncirculated notes can sell for around $1,400.
Replacement Notes
Replacement notes are more rare and more valuable. These replacement notes have a number at the end of the serial number, where as the standard notes have a letter at the end of the serial number.
The MPC series 611 5 cent replacement notes are worth around $45 in fine condition. In very fine condition the value is around $60. Uncirculated notes can sell for around $125.
The MPC series 611 10 cent replacement notes are worth around $45 in fine condition. In very fine condition the value is around $60. Uncirculated notes can sell for around $125.
The MPC series 611 25 cent replacement notes are worth around $1,000 in fine condition. In very fine condition the value is around $1,250.
The MPC series 611 50 cent replacement notes exist but they are very rare. It's not possible to determine an accurate price range due to the lack of recent sales data.
The MPC series 611 $1 replacement notes are worth around $60 in fine condition. In very fine condition the value is around $90. Uncirculated notes can sell for around $250.
The MPC series 611 $5 replacement notes are worth around $900 in fine condition. In very fine condition the value is around $1,200. Uncirculated notes can sell for around $3,000.
The MPC series 611 $10 replacement notes are worth around $750 in fine condition. In very fine condition the value is around $1,100. Uncirculated notes can sell for around $2,100.
Grading System
Fine- A note that has clearly been in circulation. The note has lost its original crispness and very fine detail. There are pronounced creases. The note is not completely stained or spoiled.
Very fine- A note that has been in circulation but not for a long time. The note is still relatively crisp. There may be some creases, folds, or light smudges.
Uncirculated- A note that shows no signs of ever having been in circulation. The note still has its original crispness. The note is also well-centered.
Sources:
Standard Catalog of United States Paper Money
See also:
Military Payment Certificate Series 641 Military Payment Certificate Series 521 Military Payment Certificate Series 481 Military Payment Certificate Series 472