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Coin and Paper Money Collecting/Military Payment Certificate Values


I just asked a question about fractional currency.  Do you know anything about military payment certificates?  I have 3 series 541 5 cents notes.

My same answer for fractional currency also kind of applies to military payment certificates.  Most are only worth a few dollars.  However, based on condition and rarity, some can get rather expensive.  To specifically address your question, most series 541 5 cent notes are very common.  If the serial number ends with a number then it could be worth more money.  Even in perfect condition, that one doesn't sell for more than about $30.  We do have a guide to military payment certificate values.  

If you had a $5 series 541 MPC in perfect condition it could be worth thousands of dollars.  Generally speaking, nothing under the $5 denomination is ever going to be very rare unless it is a replacement serial number.

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Manning Garrett


I can answer any question relating to valuing US Currency. My specialty is national currency, large-size currency, and small size issues between 1928 and 1957. Many bank notes have variables that can make two seemingly identical notes have very different values. That is why it is so important to work with an expert. I also work with rare Canadian banknotes as well as some foreign currency (mostly British Commonwealth countries). I have participated either as a buyer or seller in more than 500 different coin auctions.


I have been a full time currency dealer since 2006. I set up at about ten national coin and currency shows per year all across the country. My company has a retail location in Greenville, SC. I also run a website about old money values. I am also currently the director of currency auctions at Stacks Bowers. So I am in a unique position to see, value, and sell millions of dollars worth of paper money on a annual basis. I have been lucky enough to sell hundreds of individual banknotes worth over $10,000. I personally hold several world records for highest price paid for certain categories of banknotes. While I personally don't deal a tremendous amount of coins, I can provide sound advice on where to sell coins in NYC, and other major metro areas across the country. I have seen the worst of the worst and the best of the best when it comes to coin dealers. If you don't want to publicly ask a question then you can always view our coin value guide at

South Carolina Numismatic Association (Life Member and Past Board Member), Society of Paper Money Collectors (Life Member), American Numismatic Association (Member), Florida United Numismatist Association (Member)

Bank Note Reporter, Chicago Tribune, Dozens of Smaller Local Newspapers

Clemson University BS in Corporate Finance, Western Carolina University Masters in Accountancy, ANA Summer Seminar 2013 (Coin Grading)

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