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The E-Sylum: Volume 28, Number 17, 2025, Article 9

VIDEO: EVOLUTION OF MILITARY CURRENCY

The David Lisot Video Library on the Newman Numismatic Portal can be found at:
https://nnp.wustl.edu/library/multimediadetail/522852

We highlight one of his videos each week in The E-Sylum. Here's one from 2009 with William Myers speaking about Military Currency. -Editor

 

Sundman Lecture Series William Myers The military has been an integral part of the world's greatest civilizations, and when it became a full-time occupation, soldiers needed to get paid. Military currency goes back to the ancient Romans, who had traveling mints that produced coins for troops. As society became more complex, so did the system of payments, and eventually led to a broad field of numismatics. William Myers is an Army Reservist and has served two tours in Iraq and was able to collect and study AAFES POGs while deployed. This has led to an interest in other aspects of military numismatics.

  Roman denarius minted to pay troops

In this video you will hear and learn:

  • Evolution of the military and how payment developed
  • How military payment was used in ancient Rome
  • Sutler tokens used during the Civil War
  • How chits developed and were used
  • Tokens used on overseas bases
  • Post exchange tokens
  • World War II military issues used by Germany, Denmark, Netherlands, Britain, and the United States
  • Creation of Military Payment Certificates and why they were successful but finally discontinued after Viet Nam
  • AAFES POGS used after 9/11 and finally Eagle Cash debit cards

Speaker(s): William Myers.

To watch the complete video, see:
Evolution of Military Currency (https://youtu.be/YiWsuWhQycw)
Evolution of Military Currency (https://nnp.wustl.edu/library/book/557327)

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Wayne Homren, Editor

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The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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