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MPC Gram
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Covering the entire World of Military Numismatics
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Series 003-Number 575, Tuesday, March 27, 2002

CPMX Report

by Joe Boling

Rather than continue the thread started several weeks
ago dealing with personal recollections of monetary
matters from my youth, I will say a few words about
the Chicago Paper Money Expo.
    There was definitely an MPC buzz about the show,
what with the simultaneous release of Fred's 4th
edition and the Leo May collection in the auction. The
MPC and foreign lots went off in the first auction
session, Thursday night. I had planned to arrive that
evening, before I knew that the sale was going to
start that night or that I would be interested in
looking at the lots and bidding. I changed my flight
so that I could get in about noon.
 I went straight to the lot viewing and spent a couple
hours there looking at the few lots of interest, plus
all the MPC (to see what position 8 notes were there
hat had not been illustrated in the catalog). It
turned out there were four 8s, two of which I did not
need and two of which were replacements, and way too
dear for me to be interested in (the 481 $10, for
example, which sold for $4900+15%). I want to get one
replacement from position 8 to represent that aspect
of the series, but of these two, one is rarer than
normal and the other is a high grade. A suitably doggy
example will appear eventually.
    I bid on three lots and bought two of them, the
new French AMC leaflet (apparently not new to
everyone, but new to me and Fred), and a dual lot of
counterfeit and genuine notes from Yugoslavia. 
    I spent hours every day on the bourse floor (did
not eat each day until the auction spread was
available), and I still barely managed to see every
dealer by the close of the day Saturday (I flew out
early Sunday). The show was deceptively large--there
were a lot of dealers. I spent an hour in the IBNS
board meeting Friday, but spaced on the general
membership meeting Saturday and missed it (not to
worry--the speaker was only that chubby target from
Port Clinton). I did manage to get to the Chicago Coin
Club meeting for the last five minutes of the same
speaker's pitch to sell books. 
    I added two position 8 notes to my collection; a
641 50c and a 692 $5. The latter was almost the last
thing I did Saturday, at the second to last table I
visited. It is one of the pieces with the EVIDENCE
rubber stamp, apparently applied by someone who had
seized it during a criminal case. 
   It is annotated 1800 27-7-72 on the back. Esteemed
editor says he almost approves of my spending a bit
more than normal for it (more than an unstamped note
would cost) so that I can add yet another twist to my
fun collection of MPC. 
    I went to the auction Saturday night as well, and
bought a note for my biographical collection--a
beautiful second charter date back $5 on El Paso,
Texas, my father's birth burg. After the auction,
Larry Smulczenski and I studied a new group of Chinese
thrift and reconstruction savings system bonds that he
has acquired on eBay, finding even more anomalies in
the series than we already knew existed. I don't know
how we are going to treat those in the next WWII
Remembered. It may be reduced to simply listing all
that have been observed and not trying to make a
coherent series of them. It's obvious that the Chinese
were issuing earlier pieces for years after new
designs and types were available, and in this lot is a
locally-printed piece from Chekiang province (not
identified as such except in the imprint, but of a new
design).
    One of the highlights of the show was the
appearance of a spectacular 471 $10 counterfeit. The
person who owned it did not realize it was bad until
he offered to sell it to a particularly observant
collector. The note itself has superior presswork and
plates, but the paper is without planchettes (they are
printed on the paper), and the serial numbers are
slightly ragged and with numerals that are not
accurate copies of the originals (specifically the 3
and 6; other numerals are very good copies).
  I photographed it so that I can check my fake at
home to see if it is from the same production. There
were several people willing to buy it, and Marvin
Mericle carried it around the floor soliciting bids
for the hapless owner. The offered price rose to
astronomical heights (nearing four figures), and the
note now resides in the stock of David Seelye (who
also spent a mountain of money in the auction). 
    Speaking of the auction again, it appeared to us
on the floor Thursday night that many lots were being
bought back in at the reserves (announced as 60% of
low estimate). However, upon analyzing the data that
had been printed off of the Lyn Knight web site the
day before the sale, it appears that someone went
through making saving bids in most lots, so that the
sales at the reserve were actual sales, not passed
lots. That means that the estimates were placed too
high, but it also means that there is enough market
for one or more buyers to be confident in buying a lot
of expensive MPC (especially replacements). Overall,
the auctioneers expressed satisfaction with the result
of their first-ever venture into auctioning non-US
notes. 
    Yours truly had one note consigned, a US Navy club
chit from Vladivostok during the Japanese- American
intervention in Siberia in the 1920s. The chit is
denominated 20 sen (which is why I, as a Japan
collector, had acquired it years ago). It went to
$700, much better than I expected. I have consigned 49
pieces to the Memphis sale, many of which are listed
in SB. If you are a collector of those notes, watch
for that sale (it's just around the corner). 
==============================================
Editorial
----------------------------------------------
As Joe indicated above, this column was submitted
shortly after CPMX, but not published until now
because of the many and varied problems that we have
had with the Gram. This should mark the return to
regularity for the Gram especially with respect to our
columnists. We (all Gramsters) owe a big debt to the
columnists who contribute a great deal to keeping the
Gram going.
=============================================
Mail Call
----------------------------------------------
Dear Gram,
Welcome back.....568/8 is the first Gram I have
received since 562/2. 
Let me know when I can obtain the missing ones.

Thanks,
Barnacle Bill

Thanks Bill,
The "missing back issues" will be posted at
papermoneyworld soon. We will announce it in the Gram.

Editor

Dear Steamless Editor:
  For reference purposes, my last Gram prior to this
one was number 563.
  Had a great time at FEST III.  Biggest rush was
meeting the faces to go with the names I have seen in
the Gram, in books, and talked to on the phone.

Warner

Dear Warner,
I hope that one of these days you will share with the
group what you told me at the Fest about your
expectations of the seminar and Fest and how the
events compared to the expectations. Please, do not be
shy (not that many have accused you of that!).

Editor

Dear Editor,
  The address that Howard listed in the Gram for the
Cold War Certificate is incorrect.  For those
interested, search on "Cold War Recognition" in Yahoo
and you will get the site with an application and
instructions.  Hope this helps. 

Ron Waddell


Dear Ron,
We followed your advice and found the link below. We
considered running the entire DOD article, but decided
that there was just not enough numismatic connection.
Also, Bill McNease reported completing the process and
being pleased with the certificate. We seem to have
lost his mail saying so, but at least we are
acknowledging it!

http://www.defenselink.mil/news/Apr1999/n04061999_9904063.html

editor
==============================================
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.
---------------------------------------------------- 

Special "MPC" events

June 29 to July 5 
W.W.II numismatics seminar at ANA Summer Seminar, July
2002 
Session I (June 29 through July 5, 2002) 
Session II (Sunday, July 7 through Thursday, July 11,
2002) 
general events will return 

2003
CPMX 9 Feb 20-23, MPC Fest IV 28 Feb - 2 Mar, Port
Clinton, OH
(Fest Registrants: Leo May$$, Tom Warburton, Guido
Crapanzano, Harold Kroll, Larry Smulczenski, Kevin
Maloy, Doug Bell, Marcus Turner, Phil Goldstein, Jack
Lippincot, Nick Shrier, David Seelye, Joe Boling, Fred
Schwan, running total 15)
ANA 19-22 March Charlotte, NC
2004 
CPMX 10, Feb 26-29, MPC Fest V 5-7 March, Port
Clinton, OH

2005 
CPMX 11, 24-27 Feb, MPC Fest VI, 4-6 March, Port
Clinton, OH
---------------------------------------------------
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 maturner@indy.rr.com

or

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
Leo May
Warner Talso
Marv Mericle
Mark Watson
Gail Baker
Joel Shafer
Ed Hoffman
Howard A. Daniel, III
Keith and Sue Bauman 
Mr. 691
Ort Cowles
Neil Shafer
Bill Yanchick
John & Nancy Wilson
Dave Amey
Tim Kyzivat
====================================================
Hot Contact 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. They have supported the new Comprehensive
Catalog of Military Payment Certificates with their
advertising. They deserve your support and patronage.

Secondly, this is a draft from the book that
participating dealers should check for correctness.
Finally, dealers who are not on it and want to can
still get their ads in if they act promptly. Respond
to this email or call (419) 732-6683.

We are sorry if the format is a little messed up here
in the Gram, we are not sure of how to fix it!

Hot Contact List

Dealers and resources for collectors
Name/phone/fax/email
Allens (614) 882-3937 (614) 882-0662 info@allens.com
American Coins & Collectibles (800) 865-3562
American Numismatic Association (800) 367-9723
ana@money.org
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
RJBalbaton@AOL.com
Keith and Suzanne Bauman (248) 262-1514
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
Cygnet Charters (419) 734-2422
Ray Czahor (301) 604-9225 cjcpi@comcast.net
Doric Coins & Currency (508) 699-2266 (508) 643-1154
FUN (407) 321-8747
Phil Goldstein (845) 254-MPC1 (6721)IWANTMYMPC@AOL.COM
Great Lakes Bank Note Company (419) 732-6683
Mike Cummings (863) 603-9899 (863) 603-9880
mpccoin@hotmail.com
Great Lakes Bank Note Co (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 (715) 445-4087
bnr@krause.com
Harold Kroll (251) 649-5134 HARBONS@AOL.com
Leo May (305) 271-8391 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
Bob Reed (504) 361-5684 bobreed@rrcoins.net 
Fred Schwan (419) 732-6683
David Seelye (585) 594-1987 (585) 594-2311
R. M. Smythe (800) 622-1880 (212) 908-4047
Military Trader (800) 334-7165
Fred Schwan (419) 732-6683 (419) 732-6683
FredSchwan@Yahoo.com
Richie Self (318) 868-9077
Mel Steinberg & Son (415) 453-9750 (415) 457-4432
melsteinberg@mindspring.com
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 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

Your advertisement of material for sale (related to
military money collecting) will be accepted for this
section at no charge as a public service.

FOR SALE:  ALLIED MILITARY CURRENCY OF ITALY, Series
1943
M10a    Forbes    1 lira    F $1    VF $3    XF $6   
AU $9
M10b    BEP        1 ira    VF $3    XF $6    AU $9   
CU $15
M11a    Forbes    2 lire    VF $2    XF $4    AU $6   
CU $10
M11b    BEP        2 lire    VF $2    AU $6    CU $10
M12a    Forbes    5 lire    VF $2    XF $4    AU $6
M12b    BEP        5 lire    AU $8
M13a    Forbes    10 lire    F $10    VF $25    XF $50
   AU $75
M13b    BEP        10 lire    F $10    VF $15
M14a    Forbes    50 lire    G $3    VG $6     F $10
M14b    BEP        50 ire    VG $6    F $9    VF $12
M15a    Forbes    100 lire    VG+  $75
M15b    BEP        100 lire    VG+ $75    F $100
(Short Snorter)
Please confirm at hoffman@rabbitbrush.com

Fourth edition Comprehensive Catalog of Military
Payment Certificates by Fred Schwan shipping about
March 5. Order yours now.

Standard edition (400 pages!) $50
Collectors’s Edition (432 pages!) $95
Researchers’ Edition (432 page, 46 produced, limited
to availability) $125

All orders plus $4 shipping per order (NOT per book).
Send snail mail payment to BNR Press, 132 E. Second
St., Port Clinton, OH 43452 or PayPay using email
fredschwan@yahoo.com.

MPC for sale:

Series 481 1 Dollar 3rd printing VF 55.00
Series 481 1 Dollar 3rd printing VF-EF 80.00
Series 481 1 Dollar 3rd printing EF 90.00
Series 481 1 Dollar 3rd printing EF-A.UNC 135.00
Series 481 1 Dollar 3rd printing A.UNC 175.00
Series 481 1 Dollar 3rd printing CH. UNC 300.00
Series 481 5 Dollars 1st Pinting VF 155.00 
Series 481 10 Dollars 1st printing VF 80.00
Series 481 10 Dollars 1st printing EF 300.00
Series 481 10 Dollars 2nd printing VG-F 30.00
Series 481 10 Dollars 2nd print F tape residue 30.00
Series 481 10 Dollars 2nd printing F-VF 55.00
Series 481 10 Dollars 2nd printing VF 80.00
Series 481 10 Dollars 2nd printing EF 300.00
Series 481 10 Dollars 3rd Printing F-VF 65.00
Series 481 10 Dollars 3rd printing VF 75.00

Please confirm at coinman@rochester.rr.com

Very interesting replacement. Series 692 $10 (!!),
serial number E00032007 pos 5. This SN demonstrates
the system very well. Four positions completed =
32,000 notes. This then is from sheet number 7. Note
is overall very fine, but looks extremely fine from
the face. The centerfold that is strong on the back is
not even noticable on the face. Two staple holes that
saved the note from destruction 30 years ago at left.
Yours for $3300, terms possible. Confirm at
fred@papermoneyworld.net.

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.

Collector wants All USAFFE and AUSA Free Samar notes
All 125th Infantry Regiment and Markings Guerrilla
notes. I am also interested in any and all Guerilla
Municipal issues. 

if you have any of this material for sale, advertise
it in the Gram

===================================================
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 –
ski@prodigy.net
critic: Harold Kroll – HARBONS@aol.com
scholarship coordinator – Marcus Turner
maturner@indy.rr.com
fact checker: Warner Talso
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.

__________________________________________________
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