Status: U Return-Path: Received: from web5202.mail.yahoo.com ([216.115.106.170]) by strange.mail.mindspring.net (Earthlink Mail Service) with SMTP id tlvb4n.bt2.37kbi0u for ; Thu, 26 Jul 2001 01:37:27 -0400 (EDT) Message-ID: <20010726053727.28054.qmail@web5202.mail.yahoo.com> Received: from [205.188.200.34] by web5202.mail.yahoo.com via HTTP; Wed, 25 Jul 2001 22:37:27 PDT Date: Wed, 25 Jul 2001 22:37:27 -0700 (PDT) From: MPCgram Subject: MPCGram 404/3 To: MPCGram@yahoo.com MIME-Version: 1.0 Content-Type: text/plain; charset=us-ascii ============================================== MPC Gram ============================================== Covering the Entire World of Military Numismatics ----------------------------------------------- Series 002-Number 404 Wednesday July 25, 2001 MPC Legal and Organizational Responsibilities By Warner Talso I had several questions at the ANA seminar on the organizational responsibilities for managing MPC. As a result, Fred "The Delegator" Schwan assigned me the task of researching the legal and organizational structure and responsibilities. This is the first report and addresses the current situation and some ongoing actions. First, MPC is currently legally defined and addressed in the Federal Statutes (US Code 32CFR, Ch.V, Para 538, dated 7/1/99). MPC is legally defined as "an instrument, denominated in U.S. dollars and fractions thereof, that may be used as the official medium of exchange in U.S. military establishments located in overseers areas when such areas are designated as 'Military Payment Certificate Areas'." So we see that MPC is a legal instrument and the process by which it established is to designate an "MPC area." MPC is a legal financial instrument only in overseas areas. The statute further discusses restrictions, convertibility, and claims. Note that the time limit on filing claims for invalidated series (all series issued before 1974) expired on 30 Sep 80. I have identified three basic references for policies and procedure guidance of MPC. Note these are DoD documents since the Defense Finance and Accounting Service (DFAS) took over military financial activities from the Army. These documents are: 1. DoD Directive 7360.5, "Policies Governing Use and Disposition of Currency and Coins Under Emergency Conditions," dated April 28. 1987, with Change 1, dated November 29, 1991. 2. DoD Instruction 1000.12, "Procedures Governing Banking Offices on DoD Installations", dated July 26, 1989, with change 1, dated June 21 1993. 3. DoD Financial Management Regulation, Volume 5, Chapter 17, "Military Payment Certificates", dated August 1999. Some significant observations. The use of MPC is proposed by a military Unified Commander (the 6 or 7 senior four stars that divide up the U.S. military missions) and only with the approval of the Comptroller of the DoD IAW reference 1. However, reference 3 says MPC are available for use when requested by the host country and approved by the State Department. Again the DoD Comptroller is cited as the final approval authority. Which reference is right? The Secretary of Army, or designee (Reference 1, above) is responsible for budgeting and funding the design printing, storage, transportation and distribution of MPC. SecArmy is also responsible to "maintain at least two reserve MPC series in sufficient quantities and denominations to meet realistic contingency requirements." This is a surprise. The Army is still responsible for MPC? And it is required that two sets be in reserve? Are there? Then reference 3 says DFAS will do the above and keep two sets of MPC in reserve. Note that reference 3 is more current than reference 1, but reference 1 is the higher authority. Further, MPC is not mentioned as a mission in the DFAS Strategic Plan as shown on their web site. Do they feel responsible? What are we to believe? I have posed the above questions to the U.S. Army Finance Museum curator and he has forwarded them to the DoD. He is in a position to push for answers. I shall keep you posted. Any comments by readers would be appreciated. =============================================== Editorial ----------------------------------------------- Warner sure did some great work! I sure look forward to the next installment and the answers to all of those questions that he had for us at the seminar. I told the class at the very beginning that there were only two kinds of questions that I would not address: 1) those that were beyond the scope of the course, and 2) those that were beyond the scope of the instructor! ============================================== Mail Call ----------------------------------------------- Dear MPC Gram: I want to thank each and every one of you for your support for my candidacy for ANA President. I am honored and humbled to be elected to such an important position. I promise to all of you to work hard and strive to do what is best for our ANA and the hobby in general. Thanks again and always remember my phone is always open for your ideas and thoughts regarding numismatics. Phone (352) 291-0775, Fax (352) 291-0776 and E-mail johnancyw@aol.com Thanks again Gramsters, John Wilson Dear Gram, You forgot to list anonymous. How can a gram that you forgot the main article for be double numbered? Why don't you fix this misspelling that has been in the gram for months. Further regarding the Edison: it is not a "surface to surface missile boat" as identified in the MPC book, but a fleet ballistic missile submarine. I'm sure someone saw the SSBN designation and turned that into surface to surface... on some "official" description by a non-submariner, and it then got repeated in one publication after another. And don't you dare publish the new MPC book without an index (you try to find the page where the Edison is mentioned in the previous book). Joe Dear Joe, Ouch. Editor ================================================ Departments --------------------------------------------------- Calendar of events for Gramsters maintained by Howard Daniel, John Wilson and Gram staff ---------------------------------------------------- June 28-July 1, 2001, Mid America Coin Expo, Sponsored by Numismatic News, Rosemont Convention Center, Rosemont, IL Auction by B & M - No paper money. About 125 tables July 5-8, 2001, Clearwater Coin Show, Clearwater, FL Over 100 tables July 13-15, 2001, Eastern States Numismatic Expo, Brandywine Terrace, Claymont / Wilmington, DE Probably over 100 tables August 2-5, 2001, 42nd Blue Ridge Numismatic Association, Dalton, GA (about one hour drive from the ANA Atlanta convention the following week) Over 150 Dealers Auction by Lucien Birkler, Washington, D.C. from M & M August 4-5, 2001 Meridian Area Coin Club Coin & Currency Show, Howard Johnson Inn, Meridian, MS August 7-12, 2001, ANA Convention at the Cobb Galleria Center, Atlanta, GA The Fourth Annual Paper Money & Historical Artifacts Show. Sheraton Grand hotel at Dallas/ Ft. Worth Airport. 4440 W. John Carpenter Freeway, Irving Texas 75063. August 16-19 2001. More than 75 dealers. Lyn Knight's 40th Anniversary sale August 18, 2001. AUGUST 16-19. 2001, 41st Missouri Numismatic Society Coin Festival, Hilton St. Louis Airport St. Louis, MO August 17-19, 2001, Ohio Coin Expo, Cleveland, OH, 125 tables, August 23-26, 2001, CSNS Fall Convention hosted by the MSNS in Dearborn, MI Auction by NTL/Scotsman Coins, Hyatt Regency Dearborn August 23-25, 2001, New England Coin Expo, Holiday Inn, Mansfield, MA, 130 tables August 25-26, 2001, Golden State Coin Show, CSNS 109th Convention & NASC Masonic Temple Arcadia, CA August 31-Sept. 1-2, 2001, Ohio State Coin Show, Columbus Ohio Host CNS/COINS, Marriott North World Paper Money Fair, run by London Chapter of IBNS October 6/7, 2001 Spink Auction October 5, 2001 Phillips Auction October 4, 2001 My London Paper Money Fairs are: July 15/September 2/November 18, 2001 Important 2002 events Lyn Knight auction of Leo May collection, Chicago, Feb 2002 ANA spring show, Jacksonville FL, 7-9 March 2002. EXHIBIT APPLICATION DEADLINE 11 FEB 2002. [Joe Boling, John and Nancy Wilson confirmed in attendance] MPCFest III, Port Clinton, Ohio March 2002 WWII numismatics seminar at ANA Summer Seminar, July 2002 ANA summer show, New York City, 30 July-4 August 2002. EXHIBIT APPLICATION DEAD LINE 3 JUN 2002. --------------------------------------------------- Donations are now being accepted for scholarships to the 2002 "Military Money" course at the 2002 ANA Summer Seminar. Inquiries and donations should be sent to: Military Numismatists c/o Marcus Turner 8103 East US Highway 36 Suite 163 Avon, IN 46123 Dondors to 2002 Scholarship Fund Steve Feller Harold Kroll R. A. Medina ==================================================== Post/Base Exchange (PX/BX/NEX) Dump your dupes! Your classified advertisement for items for sale 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. Send in a list of items for sale and we will list them here in the gram. In all cases confirm your order via email first. FOR SALE WANTED 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 or sale in the above section. This is a trial, if you like it, send your list. =================================================== Staff: publisher and editor: Fred Schwan - fred@papermoneyworld.com; assistant editor - Phil Goldstein IWANTMYMPC@aol.com Tuesday columnist Joe Boling – JoeBoling@aol.com Thurski columnist Larry “Ski” Smulczenski – ski@papermoneyworld.com critic: Harold Kroll - MPCKid@papermoneyworld.com; index manager: Ed Beaman webmaster & technical advisor: Doug Bell - (Wiz): doug@papermoneyworld.com; 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!? Make international calls for as low as $.04/minute with Yahoo! Messenger http://phonecard.yahoo.com/