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MPC Gram
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Vol 1 Number 70 July 22, 2000
News and Views
Without question, the most popular fancy numbers are low numbers, most specifically, notes with serial number one—00000001. The other numbers below 10 and even 00000010 itself are very popular.
It is very easy to figure out how many of these were printed because, obviously, every issue had all of these numbers. In addition, these same numbers also appeared on replacements for every issue.
Two serial number one notes are reported in collections. The first reported was a Series 471 5˘. This note is illustrated in the MPC book. There is a great story about the discovery of this note. The story appeared in the Bank Note Reporter in the 1980s.
The second number one is of a Series 481 5˘ replacement-specimen. This piece first appeared in an R. M. Smythe Co. auction just a few years ago. It is particularly interesting because it is a specimen. Because of this note, it is tempting to guess that the first sheet of replacements was routinely used for creating specimens, but I do not believe that this is the case.
One each serial number 2 and three are known in collections, both of these are replacements.
Experience in other types of paper money tells us that serial number 1 is commonly saved at the time of issue by officials who have the opportunity to obtain the notes. The small number of ones (and other very low numbers) seems to refute this conclusion, but I am not so sure.
First, I believe that many of these notes were initially segregated and saved at the time of issue. However, in order to have survived for collectors, MPC number ones have had to survive for a few decades. This survival is similar to many other types of paper money, but of course there is one other important aspect. In order to be in a collection, MPC had to survive a conversion day. It seems almost silly today, but I am sure that many number one $5 and $10 certificates survived for eighteen months only to be surrendered on conversion day.
Nonetheless, I believe that at least several more number one notes survive. If this is so, where are they? I believe that they exist in scrap books and among other souvenirs of former military personnel who are NOT numismatists. Many, but not all, of these people were finance workers.
The frustration—and beauty—of this situation is that these notes cannot be found. You cannot search for them. They will come to the surface on their own!
All of the above discussion concerns issued MPC. The situation with Series 691 and 701 is somewhat different. We do not know for sure if Mr. 691 sorted and saved any of the ultra low numbers, but I suspect that he did. I hope so.
========================================================
Letters
Your letters needed.
========================================================
Calendar
In this section we will highlight MPC chat, MPC Fest, and MPC gram events. Other events will be mentioned as they get close. For planning purposes see the papermoneyworld.com calendar of events.
The next major show is the American Numismatic Association Convention (August 9-13). This year the convention will be in Philadelphia. 25 years ago the ANA convention was one of the major events for paper money. Now with the development of so many successful paper money shows (and of course the MPC Fest), its importance has diminished, but it is still an important show. Because it is such a big and important show, you cannot help but find some good paper there. Marv Mericle's great MPC collection will NOT be on display as promissed because of family and administration problems. We are certainly sorry to hear about that, but hope that all goes well with Marv and that we will see the exhibit again soon.
I will be there the entire time and will be pleased to chat MPC with you!
====================================================
Trading post
Your classified advertisement for items for sale will be run here for free. Send your ads to the gram.
Very nice Australian War bond as listed in WWII Remembered. You can have a pair of one pound bonds (one each large and small size) for only $50 (for the pair!). These are particularly nice examples and will make a great addition to your collection. For particulars and to reserve your bonds, contact MPCKid at HARBONS@aol.com.
---------------------------------
please respond to this address or to fred@papermoneyworld.com
---------------------------------
Do You Yahoo!?
Get Yahoo! Mail - Free email you can access from anywhere!
--0-1957747793-964295403=:20209
Content-Type: text/html; charset=us-ascii
=======================================================
MPC Gram
======================================================
Vol 1 Number 70 July 22, 2000
News and Views
Without question, the most popular fancy numbers are low numbers, most specifically, notes with serial number one—00000001. The other numbers below 10 and even 00000010 itself are very popular.
It is very easy to figure out how many of these were printed because, obviously, every issue had all of these numbers. In addition, these same numbers also appeared on replacements for every issue.
Two serial number one notes are reported in collections. The first reported was a Series 471 5˘. This note is illustrated in the MPC book. There is a great story about the discovery of this note. The story appeared in the Bank Note Reporter in the 1980s.
The second number one is of a Series 481 5˘ replacement-specimen. This piece first appeared in an R. M. Smythe Co. auction just a few years ago. It is particularly interesting because it is a specimen. Because of this note, it is tempting to guess that the first sheet of replacements was routinely used for creating specimens, but I do not believe that this is the case.
One each serial number 2 and three are known in collections, both of these are replacements.
Experience in other types of paper money tells us that serial number 1 is commonly saved at the time of issue by officials who have the opportunity to obtain the notes. The small number of ones (and other very low numbers) seems to refute this conclusion, but I am not so sure.
First, I believe that many of these notes were initially segregated and saved at the time of issue. However, in order to have survived for collectors, MPC number ones have had to survive for a few decades. This survival is similar to many other types of paper money, but of course there is one other important aspect. In order to be in a collection, MPC had to survive a conversion day. It seems almost silly today, but I am sure that many number one $5 and $10 certificates survived for eighteen months only to be surrendered on conversion day.
Nonetheless, I believe that at least several more number one notes survive. If this is so, where are they? I believe that they exist in scrap books and among other souvenirs of former military personnel who are NOT numismatists. Many, but not all, of these people were finance workers.
The frustration—and beauty—of this situation is that these notes cannot be found. You cannot search for them. They will come to the surface on their own!
All of the above discussion concerns issued MPC. The situation with Series 691 and 701 is somewhat different. We do not know for sure if Mr. 691 sorted and saved any of the ultra low numbers, but I suspect that he did. I hope so.
========================================================
Letters
Your letters needed.
========================================================
Calendar
In this section we will highlight MPC chat, MPC Fest, and MPC gram events. Other events will be mentioned as they get close. For planning purposes see the papermoneyworld.com calendar of events.
The next major show is the American Numismatic Association Convention (August 9-13). This year the convention will be in Philadelphia. 25 years ago the ANA convention was one of the major events for paper money. Now with the development of so many successful paper money shows (and of course the MPC Fest), its importance has diminished, but it is still an important show. Because it is such a big and important show, you cannot help but find some good paper there. Marv Mericle's great MPC collection will NOT be on display as promissed because of family and administration problems. We are certainly sorry to hear about that, but hope that all goes well with Marv and that we will see the exhibit again soon.
I will be there the entire time and will be pleased to chat MPC with you!
====================================================
Trading post
Your classified advertisement for items for sale will be run here for free. Send your ads to the gram.
Very nice Australian War bond as listed in WWII Remembered. You can have a pair of one pound bonds (one each large and small size) for only $50 (for the pair!). These are particularly nice examples and will make a great addition to your collection. For particulars and to reserve your bonds, contact MPCKid at HARBONS@aol.com.
please respond to this address or to fred@papermoneyworld.com
Do You Yahoo!?
Get Yahoo! Mail - Free email you can access from anywhere!
--0-1957747793-964295403=:20209--