Status: U Return-Path: Received: from web12707.mail.yahoo.com ([216.136.173.244]) by hazard.mail.mindspring.net (Earthlink Mail Service) with SMTP id trf51c.e8u.37kb01i for ; Sun, 30 Sep 2001 17:52:44 -0400 (EDT) Message-ID: <20010930215243.33288.qmail@web12707.mail.yahoo.com> Received: from [208.191.147.143] by web12707.mail.yahoo.com via HTTP; Sun, 30 Sep 2001 14:52:43 PDT Date: Sun, 30 Sep 2001 14:52:43 -0700 (PDT) From: MPCgram Subject: MPCGram 448/3 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 448 Sunday, September 30, 2001 Thoughts on Overstamped MPC by Philip M. Goldstein One day several years ago, when I was first assembling my MPC set, a Series 681 $5 note was listed on eBay. It was listed as an extra fine, which I agreed with, but on the back of the note is an overstamp: AIR FORCE MAIN #1011 DANANG AREA EXCHANGE (PACEX) DRAWER 12 APO S F 96337 Now I can say one thing with certainty, this note closed cheap in my opinion at $16.36, because of that overstamp. I spoke to other bidders on that note who were interested in the note, but stayed low because I was told that the overstamp hurt the notes value... and it was an extra fine. I originally purchased this note, as I needed a 681 $5 for my basic set, and no other notes were available to me at that time. It remained in my regular set until I showed and discussed this note with Fred at Fest I. If I remember correctly, Fred said this particular oversstamp should in fact make the note more desirable, due to the military banking tone of the overstamp. I have to agree with him on this subject, and I will go so far to believe that other overstamps which "date" and "locate" a note as to to a specific time period and location, increase desirability. Whether it be a military bank teller drawer number, Mike's "Old Kaijo Hotel" or Eat at Joe's overstamp, as long as the overstamp has a direct military reflection of the MPC note in question. I doubt a note used in 1968 or even 1948 would increase in desirability if overstamped from Katz's Delicatessen in NYC in 1995. As I did not do then, but do now, I think overstamped notes should not be viewed as regular additions to a type set whether, rare or common, very good, extra fine or uncirculated. I have since started an overstamped catagory in my collection of MPC, which contains notes from Series 692 VOID / CID Overstamps, as well as this 681 $5. And I did in fact eventually purchase a crisp uncirculated 681 $5 at Fest I to fill in the spot taken by the overstamped note.. This note still holds an honored spot in my collection, as it was my first overstamp, and because of other peoples quest for the best uncirculated note, I wound up with a great piece of history. Best Wishes, and see you all at Fest III! ============================================== Editorial ----------------------------------------------- Phil pretty much stated my opinion about MPC and other notes with stamps. Actually, the general conclusion extends to grafitti of all types. Very often notations on notes can be valuable for research purposes. We discussed this at some length in the series of Grams dealing with short snorters. The issue of desirability vs value is an interesting related matter. As Phil says, on the note in question, the stamp made the note more desirable even if it did not make it more valuable (which it might have). However, if the note had been uncirculated, the value may have been reduced by the stamp. Of course, there still would have been people who would have been interested because of the stamp who would not have been interested otherwise! This is a funny game. ============================================== Mail Call ----------------------------------------------- Dear Gram, It's going to be hard to get a 661 wrapper to this person when you don't publish a name. Joe Dear gram, In your mail call section it would be nice to know who is writing the d[ar]n letters. Also, I believe the section containing the donor names is somewhat doubled. I don't know if that may or may not be a mistake, but am bringing it to you attention. Brad Dear Gramsters, Both of the above letters refer to the letter from Bill McNeese which is reprinted below. We thank the writers above and apologize to Bill. We have severely punished the editor of the letters section and are considering taking more drastic action. Possibly we will dock his pay. Editor Dear Gram. It has been a long time since I have written anything to the Editor (Gram) because of changing jobs mostly. I am still looking for a wrapper for the 661 $1.00 if anyone has one. I was in NYC for the attack and originally had reservations to stay in the Marriott World Trade Center. That changed at the last minute. My boss had a meeting scheduled at 0730 in the South Tower on the 70th floor on that day but it cancelled the night before. Not enough room to explain what happened and how we were held hostage on Manhatten for three days. All the bridges and tunnels were closed. We are thankful to be alive and grieve for those lost. I was the first corporate airplane out of the area and that too is a long story. Hope to see everyone at the Fest. Bill McNeese ================================================ Departments ------------------------------------------------- Calendar of events for Gramsters maintained by Howard Daniel, Nancy and John Wilson and Gram staff, last updated September 7, 2001 show reports are requested on all events. Even if it was not a great show, there must be something to report. What and whom did you see? Market activity? Share your observations and thoughts with Gramsters everywhere. ---------------------------------------------------- Phillips Auction October 4, 2001 October 5-6. 2001Remy Bourne Literature Auction featuring selections from the Katen library. Contact Remy at 1/800789-7005 for information October 4 - 7, 2001, long Beach Coin and Collectible Expo Long Beach California Convention Center, 400 booths, Educational Programs, Auctions by Heritage and Ponterio Spink Auction October 5, 2001 World Paper Money Fair, run by London Chapter of IBNS, October 6/7, 2001 Special "MPC" events March 2002 8-10 - MPCFest III - reservations in order received: Guido Crapanzano, Harold Kroll, Larry Smulczenski, Gary "Got any fours" Hicks, Tom Warburton, David Seelye, Jack Lippincot, Phil Goldstein, Warner Talso, Nich Schrier, Tom Koch, Mark Watson, Bill Yanchick, Doug Bell, Sam Feeback, Fred Schwan {running total 16}] W.W.II numismatics seminar at ANA Summer Seminar, July 2002 Session I (Sunday, June 30 through Thursday, July 4, 2002) Session II (Sunday, July 7 through Thursday, July 11, 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 Donors to 2002 Scholarship Fund Steve Feller Harold Kroll R. A. Medina Guido Crapanzano David Seelye Steve Feller Harold Kroll R. A. Medina Guido Crapanzano David Seelye Leo May Warner Talso Marv Mericle Mark Watson ==================================================== 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 Interesting, rare, desirable--and obscure, Newfoundland War (WWII) Savings Certificates. Amazing $3 and $6 denominations, AU and CU respectively, issued, cancelled, $125 each, confirm at fredschwan@yahoo.com. 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 - MPCGram@Yahoo.com; assistant editor - Phil Goldstein IWANTMYMPC@aol.com distribution manager - Brad Peacock bp22@swbell.net Tuesday columnist Joe Boling – JoeBoling@aol.com Thurski columnist Larry “Ski” Smulczenski –skifla@prodigy.net critic: Harold Kroll - MPCKid@AOL.com; index manager: Ed Beaman webmaster & technical advisor: Doug Bell - (Wiz): doug@papermoneyworld.net; 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!? Listen to your Yahoo! Mail messages from any phone. http://phone.yahoo.com