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| Series 692 $20 Military Payment Certificate |
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| Series 692 Twenty Dollars MPC |
US Military Payment Certificate 20 Dollars MPC Series 692 Chief Ouray
This is one of the most recognizable military payment certificates out there. It has been used in lots of reference literature. The front of each 692 $20 MPC shows a portrait of an Indian Chief Ouray. The back has a picture of a hydroelectric dam. The two images don’t really go with each other, but they are both attractive. Each side has text that reads “for use only in united states military establishments by united states authorized personnel in accordance with applicable rules and regulations.”
First Issued: October 7, 1970
Redeemed: March 15, 1973
Number of Notes Printed: 6,400,000
Chief Ouray
Ouray (Arrow) (c. 1833–August 24, 1880) was a Native American chief of the Uncompahgre band of the Ute tribe, then located in western Colorado. Because of his leadership ability, Ouray was also acknowledged by the United States government as a chief of the Ute.
In 1880 he left Colorado to travel to Washington, D.C., where he testified before Congress about the Ute uprising of 1879. He tried to secure a treaty for the Uncompahgre Ute, who wanted to stay in Colorado; but, the following year, the United States forced the Uncompahgre and the White River Ute to the west to reservations in present-day Utah.
Series 692 Military Payment Certificate
Series 692 military payment certificates might be described as the most American of any of the MPC notes issued between 1946 and 1973. The designers at the Bureau of Engraving and Printing used distinctly American vignettes like eagles, buffalos, and Native Americans. These were first introduced into circulation on October 7th, 1970 and withdrawn on March 15th, 1973. This is the last official series of military payment certificates ever issued by the United States. Series 692 MPCs were issued for eight different denominations. Like the prior three issues, these were exclusively used in Vietnam, which means that many came home with soldiers as souvenirs. In total, just over 214 millions dollars in face value was issued. The ten and twenty dollar notes are the most valuable, with an average price at about $50. The ten dollar replacement is the key to the series (if we are not factoring in printing run varieties). Replacement notes are easy to spot. Standard issue series 692 military payment certificates have a serial number that begins and ends with the letter E. A replacement has a serial number that just ends with a number.
5 Cent MPC Military Payment Certificate Series 692 10 Cent MPC Military Payment Certificate Series 692
25 Cent MPC Military Payment Certificate Series 692 50 Cent MPC Military Payment Certificate Series 692
$10 MPC Military Payment Certificate Series 692 $20 MPC Military Payment Certificate Series 692
20 Dollars : United States Military Payment Certificates US MPC