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MPC Gram
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Covering the entire World of Military Numismatics
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Series 003 - Number 590     Wednesday - 10 APRIL 2002
____________________
__ 324 days to Fest IV__


FEATURED ARTICLE


Fatwa On Paper Money - Continued
(from Monday)
by Dave Klinger (from an Islamic website)

Part II:
MONEY: A COMMODITY OR A SYMBOL?


      Until the beginning of the twentieth century the most popular and universal medium of exchange was gold and silver coins. Currency was considered to be as flexible as any other merchandise. People responding to their own particular needs demanded the coins and also offered them, thus their market value was established daily.

      Today money is represented by pieces of paper as non-redeemable official notes whose quantity can be increased at will. This symbolic money originated from private contracts or promises to pay issued by goldsmiths and later by banks. The debate that divides the defenders of gold and silver and their adversaries is not new, it has been going on for more than three centuries.

MONEY IS A SYMBOL AND NOT A COMMODITY:

"It is the denomination of the currency of the money that men regard in bargaining, not the quantity of silver. It is the public authority upon the metal that makes it money" (Nicolas Barbon, 1696) "Money is a symbol of a thing and represents it" (Charles-Louis de Montesquieu, 1748) "Money is the symbol of all commodities" (François-Véron de Forbonnais, 1776) "All monetary functions which are usually performed by gold and silver coins, may be performed as effectively by a circulation of inconvertible notes having no value but that fictitious and conventional value... they derive from law" (John Fullarton, 1848)

MONEY IS A COMMODITY AND NOT A SYMBOL:

"Silver and gold, coined or uncoined, though they are used for a measure of all other things, are no less a commodity than oil, tobacco, cloth or stuffs" (Josiah Child, 1689) "Money is not a mere symbol, for it is itself wealth; it does not represent values, it is their equivalent" (Guillaume-François Le Trosne, 1777) "Gold and silver have value as metals before they are money. The coins which today have a merely ideal denomination are in all nations the oldest; once upon a time they were all real, and because they were real people reckoned with them." (Fernando Galiani, 1803) "The false definitions of money may be divided in two main groups: those which make it more and those which make it less, than a commodity" (Wilhelm Roscher, 1858)

Friday:
PART III: Some Common False Objections to Gold & Silver
as a medium of exchange.


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EDITORIAL


There is one more and final part to the above series on Money. It will be published on Friday after Larry Smulczenski's article.

I'm going to try something new with this Gram: Howard Daniel has written a few nice articles in the past, and today I have published a book review by him. I have added a sometime section below for book reviews. I don't expect a book review very often, so the section will only appear when there is one. I felt the need to distinguish a book review from just a regular letter, hence the addition of this section. Please feel free to make use of it!  

Good News! Fred has agreed to let me run with the gram for now. I think he has come to like his newly found free time.. (I think Mrs. Schwan likes it too!) He even went as far to say, he will write a weekly article for the Gram! I look forward to this, as it would fill in one of the unassigned weekdays for a regularly featured article. I was even thinking of giving up my Phil Phridays so he can have a Fred Friday. I'd probably switch to Moody Money Mondays.

More Good news: Paying heed to Bill Yanchick's suggestion, new entries to the Catalog Correction Section will be highlighted for one day. This will help those of us who have already started making the listed corrections, without having to search through those already listed. The reason, I like to keep the correction in page order for the book, (in case I haven't specified lately) is so 4th Edition book owners just taking delivery of their books do not have to flip back and forth making corrections. Speaking which:

CATALOG CORRECTION ALERT

new correction listed below.
Ass't Ed.

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MAIL CALL

Hi
This is Ken Kugler and while going through a Stars and Stripes I found an interesting article about counterfeit Allied currency. I want to copy it and send it in to MPCGram because I think it is of interest to some of the readers.If it is to you, let me know and I will copy and send it along.Thanks
Ken Kugler

Hi Ken, YES!!! , Ass't Ed

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BOOK REVIEW

World War II POWs & Civilian Internees in East Asia


A book review by Howard A. Daniel III

Richard B. Graham's "Postal History" column in the March 25, 2002 issue of Linn's Stamp News is titled; "Rossiter Trust: British POW book, annual journal".  The major part of the column is about a book; "A Postal History
of the Prisoners of War and Civilian Internees in East Asia during the Second World War", Volume I, Singapore and Malaysia" by David Tett.  This book was published by the Stuart Rossiter Trust Fund of Great Britain that
often published books on out of the mainstream topics. The book's over 400 pages are hardbound in green cloth measuring 8.5 by 11 inches in size. Inside there are 15 chapters, 7 appendices, a bibliography and an index among hundreds of illustrations. I am not sure how many Americans will be described in this reference but I do not know there were many of them in that part of the world when the war started. For those of you collecting camp financial instruments, I am sure this reference will be an important addition to your library. It is available for $47.50 postpaid from:

Leonard H. Hartmann,
P.O. Box 36006
Louisville, KY 40233-6006


After searching the Internet I found his website and it is www.pbbooks.net and his email is leonard@pbbooks.net, but he does not have any online payment system with PayPal or credit cards, so you will have to send him a check or money order. But he does have a HUGE book list with many other books from the publisher of the above book and many others with military subjects. There is some good stuff there!!!

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CALENDAR OF EVENTS

WESPMEX:   12 -14 April
Stamp, Coin and Paper Money Expo
175 tables
Westchester County Center, Bronx River Pkwy, White Plains, NY

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

2003
CPMX 9:   20-23 February,
MPC Fest IV:   28 Feb - 2 March, Port Clinton, OH
Fest Registrants: Leo May$$, Tom Warburton, Guido Crapanzano, Harold Kroll, Larry Smulczenski, Kevin Maloy, Doug Bell, Marcus Turner, Philip M. Goldstein, Jack Lippincot, Nick Shrier, David Seelye, Joe Boling, Gary Hicks, Fred Schwan, Dick Freyser.
Running total: 16
$$ = Paid

ANA:   19-22 March, Charlotte, NC

2004
CPMX 10: 26-29 Feb,
MPC Fest V: 5-7 March, Port Clinton, OH

2005
CPMX 11: 24-27 Feb,
MPC Fest VI: 4-6 March, Port Clinton, OH

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SCHOLARSHIP DONATIONS


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

or contact Marcus at:
maturner@indy.rr.com


Donors to 2002 Scholarship Fund:
Dave Amey                         Gail Baker                               Keith and Sue Bauman        Ort Cowles
Guido Crapanzano              Howard A. Daniel, III               Steve Feller                        Gary Hicks
Ed Hoffman                        Harold Kroll                             Tim Kyzivat                        R. A. Medina
Leo May                             Marv Mericle                           Mr. 691                             David Seelye
Joel Shafer                          Neil Shafer                               Warner Talso                     Mark Watson
John & Nancy Wilson         Bill Yanchick                                                

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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!

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 Ass'n               (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
Mike Cummings                                    (863) 603-9899       (863) 603-9880            
   mpccoin@hotmail.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

Larry Gibbs                                            (308) 635-7900                                               oth@prairieweb.com
Philip M. Goldstein                               (845) 254-MPC1 [6721]                                iwantmympc@aol.com  or  MPC Website
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
Peter Huntoon                                       Smithsonian Research
                               peter.huntoon@att.net
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       (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) 453-9750       (415) 457-4432               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


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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.

FOR SALE


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
Researcher's 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 Street
Port Clinton, OH 43452
or PayPal using email: 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 for sale in the above section as a reply. 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.

WANTED TO BUY: Bulk quantities of Afghanistan propaganda leaflets or related.

Looking for a Series 641 MPC, any denomination with the serial number J02283151J.

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MPC CATALOG CORRECTIONS & ENHANCEMENTS


new corrections will be highlighted for one day following their publication.


Page 18, Bottom - Users of Military Payment Certificates
Check marks were omitted from production copies of books. Please check off the following:
Australia:           641, 661, 681, 692
Canada:            461 through and including 591
Korea:              641, 661, 681, 692
New Zealand:   641, 661, 681, 692
Thailand:           641, 661, 681, 692
United States:    All
(date listed: 02 APRIL 2002)

Page 201, Bottom Right - Very last sentence on this page
Two serial numbers listed for the second printing of
Series 472 .50 cent notes.  The first serial number listed is obviously in error as a nine digit number: C040351392C  
Correct Serial Number is: C04035139C
D Freyser (date listed 10 April 2002)

Page 207, #833/4  - Series 481 .25 4th Printing  (table listing serial number breakdowns)  line 5
Start Number is incorrect. It appears as:
(start) D14784001D   (end) D14784000D
Correct start number should be: D09408001D
PK6 (date listed: 03 APRIL 2002)

Page 214, #855/r2 - Series 541 $1 Replacements,
Ending serial number is incorrect
Correct number is F1112000
(date listed: 02 APRIL 2002)

Page 220, #884/2r - Series 641 .50 Replacements

On page 284, it is broken down into 2 printings. That's correct, BUT, on page 220 he lists only (1) printing reported. It should "list" both first and second printings. 
Guy Araby (date listed 04 APRIL 2002)

Page 287, Series 661 Series Summary, 25 cent note: the "list" shows "#CU as 10(7) . It should read, 8(7). As only 8 are known in CU. Just recount P.289.  
Guy Araby (date listed 08 APRIL 2002)

Page 398, Series #541 $10 on  "UNC." price is $2500, on P.214 the UNC. price is $3500. Also the rest of the prices don't match all the way to "VG" on this issue. They should be the same price.
Guy Araby (date listed 08 APRIL 2002)

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Staff:


Publisher and Editor:                            Fred Schwan -                              MPCGram@yahoo.com

Assistant Editor:                                   Philip M. 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
Friday Columnist:                                 Philip M. Goldstein                       IWANTMYMPC@aol.com
Critic:                                                      Harold Kroll -                                HARBONS@aol.com

Scholarship Coordinator:                    Marcus Turner -                           maturner@indy.rr.com
Fact Checker:                                         Warner Talso -                             
Calendar Coordinator:                          John & Nancy Wilson -
Index Manager:                                     Ed Beaman -                                  ebeaman@sprynet.com
    
Webmaster & Technical Advisors:   Doug Bell "Wiz" -                        doug@papermoneyworld.net
                                                                Russ Walsh -                                russ.walsh@gte.net
The Boss:                                               Judy Schwan -