From: "MPCgram" To: Subject: MPCGram 1092 record prices at auction Date: Tuesday, January 27, 2004 9:25 AM ============================================= MPC GRAM ============================================= Covering the entire World of Military Numismatics Series 005 - Number 1092 Tuesday January 27, 2004 MPC Soars By Al Glaser Sagging economy...companies "right" sizing...no pricing power? Not if your trying to buy quality MPC! After witnessing first hand the savage bidding for the MPC lots, it is clear to me this is by far the hottest area of paper money collecting. This was one of the sleepiest auctions I have ever attended, that is until they started calling the MPC lots. During the small size note section of the auction, a number of lots were not even bid to their face value! Can you imagine...collecting a $100 Federal reserve note, holding it in your collection for 20-30 years only to find out when you put it up for auction the highest bid for your $100.00 bill is $95.00 ! This actually happened on a number of lots. Only a small percentage lots in auction had multiple bids. That of course was until the MPC started. Since the MPC was the last group being offered in the session, I expected many of those in attendance to leave. Not the case, most stayed even those who weren't bidding on MPC. What a lot to start with. The 521 $5 was a beautiful note. As they opened the lot floor bidding was fierce. She opened above the high estimate and continued to go back and forth between two floor bidders and one bidder on the phone. When the lot hit $8000 three paddles went up simultaneously to meet the next bid of $8500. The phone bidders bid was the first recognized by the auctioneer, the two floor bidders reluctantly dropped out as the next bid would put the note over $10,000 with the juice. Things did not slow down after that. If anything, it became more furious. I feel sorry for any internet bidders trying to bid on lots, it had to be almost impossible for the technology to keep up with the action on the floor. All but a few lots went to floor and phone bidders. All but a very few closed way over their estimate. I have no idea if MPC can keep up at this pace. But one thing is clear, quality original notes command a substantial premium. Here's to hoping CPMX has a nice selection of MPC. Boling Commentary By Joe Boling Another milestone was achieved in my quest for a basic 90-note MPC set in position 8. I completed my first denomination this week (courtesy of Steve Swoish). As you might expect, it is the nickels. Those dozen notes have cost me $90.25. Every other denomination set will cost more, because they all already cost more, and each has from one to five more notes to find. I now have 72 notes, including the keys - it's just a matter of time as I wait for those last few to surface. Since I reported the completion of my first series (611), another has filed in (641). Six additional series are but one note away from completion. Remember the Greek note overprinted for short snorter use by TWA? (Good grief, that was reported in this column more than two years ago already.) Well, another pre-printed short snorter has appeared. This one is on a Chinese note, Central Bank of China 100 yuan 1941, Pick-243. The overprint says: SHORT SNORTER / PACIFIC CHAPTER / NAME ____________ / DATE _______________ / NORTHWEST AIRLINES. The name and date are filled in by hand; on the instant note, they appear to be Charles A Degnon, Nov 19 1947. Five additional persons signed the note under the NWA line. Since they signed in black and the note is dark gray, it is hard to make out most of the other names. On the back, in the left margin, the following notation appears: 22-7-9 PM. Does that make any sense to anyone? It is time to making those airline reservations for CPMX/Fest. As soon as I hear from Fred about ingress options for the combined events, I'll be making mine. I just realized it's less than a month to CPMX. ============================================= Editorial/opinion ============================================= Can it really be Tuesday? I let a few more days get past. I was out of town on social calls, then the weather caught me. My desk and mail boxes (e and snail) overflow with lots of news. Actually, the snail mail was not delivered yesterday and the power went out here at my office a few minutes ago so I could not get email either. Possibly those were blessings. Nonetheless, we will struggle forward and we love every comment that you send! We want to hear from you. One specific area where I am behind is posting Fest reservations and payment status so disregard if your payment status is not correct. Hopefully, I will get that updated for tomorrow. ============================================= MAIL CALL ============================================= Dear Gramsters, We just received sad news from Bob Hurst a FUN Board member. He received news that Tim Prusmack passed away early this morning on January 26, 2004. This is extremely sad news as we talked to Tim yesterday and he said he was doing well. He sounded good and was excited about the future. He said that he had recently talked to Brenda Bishop and was looking forward to having a table in Pittsburgh for the ANA Convention. He also was excited about FUN having the big 50th Anniversary show next year. He said that his hands were almost ready to start producing another set of the 25 cent state series. He was looking forward to doing an extra Florida quarter note that had his design but lost. He also mentioned the possibilities of being selected to do work for the U. S. Mint. His doctor gave him permission to travel to the mint if he was selected. What a great loss to all of us and his family. He will be missed greatly by his many friends from coast to coast. All of our prayers and thoughts are with his parents Armand and Florence, along with the rest of the Prusmack family. His great work on designs of banknotes will be a lasting memory for the Mozart of Money Artists. Sadly, John and Nancy Wilson, Ocala, FL Hello Gramsters, Well I got it!, and you can thank Al and Tim for supporting the market in these times! This will insure price trends for better notes in the near future. The #521 $5 ( I grade 64+, buts looks 66) $10063+ (way too much!. ), plus many more. Boy am I broke! The lots were graded very conservatively, unlike previous auctions! The notes, in many cases ( but not all) were gradeable gems or nicer than described. Well received! Guy! ============================================= CALENDAR OF EVENTS ============================================= 2004 CPMX February 26-28, Lyn Knight auction. March 5-7, MPCFest V, reservations now being accepted. Reservations entered in order received: Roger Urce#$$, John Cheney#$, David Seelye, Harold Kroll, Gail Baker#, Leo May$$$, Kevin Neidy, Cuneyd Tolek, Warner Talso$$, Cameron Bueschel, Wendell Wolka, John V. Craig#, Steve Swoish, Joe Bissell#, Sparky Watson$, Nick Schrier, Loretta Freyser, Dick Freyser, Ron Waddell$, Robert Drew, Ed Arrich#, Neil Shafer#$, Kathy Freeland#$, Dan Freeland#$, Bill McNease, Doug Bell, Bob Olson$$, Ed Beaman, Sam Feeback, Jack Hunter#, Gary Hicks, Larry Smulczenski$, Wes Hardy˘˘, Jim Downey#, Ian Marshall$ George Fitzgerald, Bill Haines, Al Glaser$$, Fred Schwan$. # new Fester, $ paid. $$ paid single (˘˘ unpaid single) occupancy. Running totals: total 39, new festers 11. Standard rate $148, single occupancy $198, payments may be made by mailing paper instruments of any kind to BNR Press (or MPCFest or even Fred Schwan) at 132 E. Second St., Port Clinton, OH 43452. Payments may also be sent via PayPal (fredschwan@yahoo.com). Once you have sent your payment, monitor the above list to ensure that it has been received and posted). Show n tell: Gail Baker (education@money.org) Travel coordination: Sparky Watson (mcwatson@yahoo.com) Auction items: Larry Smulczenski (skifla@prodigy.net) Exhibits: Joe Boling (joeboling@aol.com ): bourse David Seelye coinman@rochester.rr.com March 26-28. The Portland, Oregon, ANA is sponsored by the Willamette Coin Club with Larry Gaye as the show chairman. Howard Sarg Daniel will be manning a NI/NBS/IBNS club table at this show, and moderating meetings for NI and IBNS. As always, Gramsters are welcome at the NI and IBNS meetings and at the club table. Masstricht April 23-25, Valkenburg, The Netherlands, contact Jos Eijsermans, Box 3240, NL 5930 Tegelen Netherlands June 11-13 Memphis Paper Money Show, Memphis, TN. Nov 18-21 Pcda Convention, St. Louis, Mo. 2005 date tba, MPCFest VI, reservations now being accepted. Reservations entered in order received: John Cheney$, Danny Bingham$, Fred Schwan. # new Fester, $ paid. $$ paid single occupancy. Running totals: total 3, new festers 1. ========================================== 2004 scholarship fund Donations of cash and numismatic material will be gladly accepted. Generally the numismatic material is auctioned at MPCFest, but might be sold via ebay or other places. Your scholarship donations help the hobby by sending qualified individuals to the ANA summer seminar military money class. Except for unavoidable charges like ebay fees, 100% of your donation goes to scholarships. Al Glaser RA Medina Warner Talso David Seelye Russ Walsh Joe Boling Harold Kroll Pam West Ed Hoffman Ron Wadell Wes Hardy Dick Freyser Robert Drew Brett Irick Kevin Neidy Brian Giese John & Nancy Wilson John Cheney Neil Schafer Joel Shafer Arlen Sheldon 2003 Scholarship Donors Ed Hoffman - RA Medina - Dick Freyser -Larry Smulczenski - David Seelye - Howard Daniel - Steve Feller - Warner Talso - Pam West - Mr. 691 - Leo May - John & Nancy Wilson - Max Spiegel - Gail Baker - Chris Connell - Bill Haines - Joel Shafer - Mikhail (Misha) Istomin - Gary Hicks - Robert Drew - Tom Warburton - Larry Lee - Fred Schwan - Mark Watson - Harold Kroll - Ian Marshall - Marcus Turner - Neil Shafer - Keith & Sue Bauman Contact me at: "Marcus Turner" mail to: maturner@indy.rr.com Checks should be made out to the "Military Numismatists Scholarship." or Marcus Turner 8103 East US Highway 36 Suite 163 Avon, Indiana 46123 USA IMPORTANT SCHOLARSHIP INFORMATION Additional information can be found at the link below. We encourage everyone to print copies of this information and distribute it to those who might be interested. Further you are encouraged to e-mail the pdf document to anyone you see fit. Thank you http://www.papermoneyworld.net/news/Military Numismatists Scholarship Fund 2003.pdf Marcus Turner Scholarships from the ANA: See the following location for an application for financial aid to the summer seminar: http://www.money.org/sumsemfin.html ============================================= MPC ANA Museum Project ============================================= ANA collection of MPC: Thanks to donations from Douglas Bell, Dick Fryser, Ed Beaman, Bruce Peacock, David Seelye, Michael Cummings, Ray Czahor, David Pitchford and Mr 691the ANA MPC collection is current as follows: Series 100 - [50 sen], [1Y, 5Y, 10Y, 20Y all A underprint] Series 461 - 5, [10] cents, [$1] Series 471 - [5, 10, 25, 50 cents, $10] Series 472 - [5, 10 cents], [$1, $10] Series 481 - 5 cents, [10, 25 cents], 50 cents, $1, [$5] $10 Series 521 - 5, 10, 25, 50 cents, [$10] Series 541 - 5, 10, 25 cents Series 591 - [5, 10, 25, 50 cents, $1] Series 611 - [5, 10, 25 cents, $1] Series 641 - 5, 10, 25, 50 cents, $1, $5, $10 Series 651 - [$1] Series 661 - [10, 25, 50c], [$5], [$1, $5] $10 Series 681 - 5, 10, 25, 50 cents, $1, [$5], [$20] Series 691 - [$1, $5, $10, $20] Series 692 - 5, 10, 25, 50 cents, $1 Series 701 - [$1, $5, $10, $20] [50c etc.] = notes donated by Gramsters –Chris Connell ============================================= RESEARCH ============================================= New modification to the database you can now retrieve your password if you have forgotten at the main logon screen. Keep in mind syntax is important. The mpc database has changed its name it now going to be referred as, WW II P a p e r M o n e y D a t a B a s e This is just a hint of things to come If you are having trouble logging on please inform Doug Bell At doug@papermoneyworld.net Papermoneyworld maintains an innovative interactive data base of all military payment certificates. Everyone is invited to enter notes in their possession or that they have observed. Visit the site at: http://www.papermoneyworld.net/user/default.asp this project is financially supported by David Seelye http://www.thempcman.net/ , mailto: coinman@rochester.rr.com ============================================= Subscription information: ============================================= You can enter an email address to receive the gram by using the link below. Use this to change your address (add the new one), add a friend or enemy. http://www.papermoneyworld.net/WebMailList/Default.asp =========================================== HOT CONTACT LIST - DEALER & RESOURCE LIST Below is the BNR Press Hot Contact List. This list serves several functions. Obviously it is an outreach by the dealers listed for your business. Most of them buy and sell MPC. Others organize shows or publish periodicals, or furnish information dedicated to this field. They have supported the new Comprehensive Catalog of Military Payment Certificates with their advertising. They deserve your support and patronage! Name phone fax / cell email Allens (614) 882-3937 (614) 882-0662 info@allens.com American Coins & Collectibles (800) 865-3562 American Numismatic Ass'n (800) 367-9723 ana@money.org Guy Araby (562) 945-7891(310) 508-0018 guyaraby@earthlink.net Bob Baker(713) 864-3122 Ken Barr (408) 272-3247 ken@kenbarr.com Fred Bart (810) 979-3400 Dick Balbaton (508) 699-2266 (508) 643-1154 RBalbaton@aol.com Keith and Suzanne Bauman (248) 647 8938 tnaksbauman@earthlink.net Joe Bissell (602) 440-0442 (602) 494-9103 BNR Press (419) 732-6683 (419) 732-6683 fredschwan@yahoo.com Remy Bourne (800) 789-7070 (763) 789-4747 Ed Carne (614) 882-3937 (614) 882-0662 info@allens.com Champion Stamp (212) 489-8130 (212) 581-8130 Cookie Jar Collectibles (301) 604-9225 cjcpi@comcast.net Guido Crapanzano [39] 2-8056228 [39] 2-4459856 Currency Dealer Newsletter (310) 515-7369 David F. Cieniewicz (205) 852-7015 CGC (602) 493-4758 (602) 494-9103 sales@gradedcurrency.com Mike Cummings (863) 603-9899 (863) 603-9880 mpccoin@hotmail.com Cygnet Charters (419) 734-2422 Ray Czahor (301) 604-9225 cjcpi@comcast.net Denlys of Boston (617) 482-8477 denlys@aol.com Doric Coins & Currency (508) 699-2266 (508) 643-1154 FUN (407) 321-8747 Great Lakes Bank Note Company (419) 732-6683 IBNS joeboling@aol.com Essie Kashani (909) 627-3996 (909) 627-2776 kashani10@aol.com Lowel Horwdel (765) 583-2748 (765) 583-4584 horwdel@inshightbb.com Lyn Knight (800) 243-5211 Krause Publications (715) 445-2214 bnr@krause.com Harold Kroll(251) 649-5134 HARBONS@aol.com Leo May (305) 720-0659 LeoMayEnt@aol.com Ian Marshall (416) 445-0286 (416) 445-0286 iam@total.net Memphis Coin Club (901) 757-2515 MPCGram (419) 732-6683 MPCGram@yahoo.com Pomexport Ltd. 1-201-641-6641 / Fax: 1-201-641-1700 E-Mail: Info@pomexport.com // website: http://www.Pomexport.com Bob Reed(504) 361-5684 bobreed@rrcoins.net Fred Schwan (419) 732-6683 (419) 732-6683 FredSchwan@yahoo.com David Seelye (585) 594-1987 (585) 594-2311 coinman@rochester.rr.com Richie Self (318) 868-9077 R. M. Smythe (800) 622-1880 (212) 908-4047 www.smytheonline.com Mel Steinberg & Son (415) 897-1654 (voice and fax) melsteinberg@mindspring.com Military Trader (800) 334-7165 Scott Winslow Associates (603)472-7040 (603) 472-8773 scott@scottwinslow.com George Warner(307) 672-3700 Pam West [44] 0208 641 3224[44] 0208 641 3224 pamwestbritnotes@compuserve.com ========================================= POST / BASE EXCHANGE(PX/BX/NEX) Dump your dupes! Your classified advertisement for items for sale, purchase or trade will be run here for free. Send your ads to the gram. This service is for everyone, most humble dealer or most advanced collector. The point is to make the gram more interesting. In all cases confirm your order via email first. WANTED SECTION: Collectors may submit lists of items wanted for their collections for listing here. Dealers and collectors who have these items, are then encouraged to list them for sale in the above section as a reply. Wanted listings will run for a period of 1 month. WANTED 01; ============================================= MPC Gram Staff: Publisher, editor: Fred Schwan - MPCGram@yahoo.com Subscription Manager:Doug Bell- doug@papermoneyworld.net Tuesday Columnist : JoeBoling- JoeBoling@aol.com Friday Columnist: Warner Talso: wtalso@aol.com Fest Auctioneer: Larry "Ski"Smulczenski - skifla@prodigy.net Critic:Harold Kroll - HARBONS@aol.com Scholarship Coordinator: Marcus Turner- maturner@indy.rr.com Webmaster & Technical Advisors:Doug Bell "Wiz" - doug@papermoneyworld.net Russ Walsh - russ.walsh@gte.net Fact Checker: Warner Talso -Calendar Coordinator: John & Nancy Wilson -The Boss: Judy Schwan ===== MPC Gram is published by BNR Press and papermoneyworld.com as a free service to the community of military money collectors. Your suggestions, criticisms, complaints, editorial contributions, letters, and even praise are very welcome. The entire contents including linked illustrations are copyright protected by the publishers. In the case of contributors, the copyright is protected on behalf of the creators. Please send all correspondence regarding the gram to MPCgram@yahoo.com. Thank you very much for your participation. __________________________________ Do you Yahoo!? Yahoo! SiteBuilder - Free web site building tool. Try it! http://webhosting.yahoo.com/ps/sb/