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==============================================
MPC GRAM
==============================================
Covering the entire World of Military Numismatics
Series 003 -
Number 616 Monday - 06 MAY 2002
___________________
__298 days to Fest IV__
FEATURED ARTICLE
MPC Collection on the Block
by Fred
Schwan
Currency Auctions of America
(CAA) is selling an important group of MPC at its May show in Chicago. We have
known about this for at least a few weeks. A short notice appeared in the Bank
Note Reporter and a few days ago in the
Gram.
The listings for the auction appeared
Monday on the Heritage (parent of CAA) website: www.heritagecoin.com/auctions.
To say that I was surprised is an understatement. This is far more than a group.
It is a collection - and a good one at that. I am quite sure that the material
was submitted by a small group of people rather than a single collector, but it
is nonetheless a very nice collection!
Basically, we knew that the sale
was going to include a large group of Series 651 50c pieces (111!) and two
fabulous specimen sets. We (I) did not know that a high-grade regular issue set
and over 30 replacements would also be included -
Wow!
I spent Monday evening studying
the replacements. Most have been reported and are in the inventory list in the
new MPC book, but a few were not reported and a few others were missing data
such as position number and condition. Therefore it was good (and fun) to be
able to fill in some of those holes in the survey. Actually (beware, this is a
plug) we like to have reports of notes that are in the survey for purposes of
confirmation. Unfortunately, when we started the survey, we did not keep the
date of each report. We keep that information now and we also keep the dates
when each replacement has been verified by an independent
report.
There was a little humor in
the replacement catalog. One lot includes a circulated Series 541 5 and 10c
replacement. The illustrations of these notes are overlapped. All of this make
sense because the notes are certainly not rare. The humor is that the 5 cent
overlaps the 10 cent so that the serial number of the latter does not show. That
is all that matters and it is covered! What a hoot. While this sounds like a
criticism, and I guess it is, overall the cataloging is very well
done.
There are no great rarities in
the replacements, but with over thirty different there must be some good ones.
The best one is probably the Series 611 $10. I could hardly believe it when the
survey showed 19 reported. This replacement appears much less frequently than
that report would indicate. I expect strong competition for this replacement.
Heck, I expect good competition on most of the
reps.
On the whole, the regular
issue collection is better than the May notes (no the 591 $10 that was the
surprise star of the May sale is not uncirculated as it was there). This is a
very nice collection. Frankly, I have not looked at most of these pieces yet
because it is too slow to study them on line. I am really looking forward to the
printed catalog! The 651 fractionals certainly are an amazing. For someone who
lived through the times when we just assumed that no 651 fractionals existed, it
is amazing just to see them. Initially, the report was that all 111 pieces would
be in one lot. Well, that was not done. They appear in several lots with from
one to ten or so pieces per lot. Here is what the catalog says about the very
first lot of 651 50 cent
certificates:
"Series 651 50c Gem
New. This is the lowest serial-number note from this incredible offering of 111
pieces. The serial number of this note ends in -699, and it is the only note
from its pack (the "600 pack"). The great majority of the MPC notes in this run
are from the 700 pack, and the highest number from the entire group ends in
-861.
Estimating these notes is a
challenge, as their appearance on the market will clearly change the existing
price-structure. Up to this point, with only a handful of 651 50c notes known,
they traded at about $500 for well-circulated examples, and realized upwards of
$1000 for pristine pieces. Clearly, these desirable MPC notes will fall short of
those prices. And the experts that we have spoken to predict that the new price
will be somewhere around $300. We'll be conservative and venture our guesstimate
for singles at . . . Est. 250-up."
The real highlight of the sale is two lots of specimen notes. They are complete
sets of Series 641 and 661. These sets were reported indirectly many years ago,
but were not confirmed until a few months ago. From that first report, we infer
that these two sets have not changed hands in at least two decades. These sets
are interesting for many reasons besides the
obvious.
First and foremost, they
are not mounted in a booklet and appear to never have been so mounted. However,
they have been mounted somewhere, possibly a scrapbook, because they all have
glue stains. Obviously, these are two interesting items. On the one hand it is
amazing that such an important “collection” would come onto the market so soon
after the Leo May sale, but on the other hand it is not surprising. After all,
success breeds imitation. Once the May/Knight sale was finished it was
altogether likely that more MPC would show up in the market and probably at
auction. It is likely that there will also be more in other sales soon!
I expect that there will be lots
more about this sale in the Gram in the next few weeks and of course after the
sale too! I will be at the sale and will not only render a report, I will try to
coordinate a Gram Extra to go out within a few minutes of the close of the MPC
section.
* *
* * *
* * *
* *
ANA REPRESENTATIVE PROGRAM IS GETTING A FACE
LIFT
The American Numismatic
Association (ANA) Representative Program is being revamped to nearly double the
number of regional coordinators who provide the ANA with a closer connection
with its nearly 500 member clubs. The ANA Board of Governors approved the
restructuring at its meetings in Jacksonville in March and directed Governor
Patricia Finner, who chairs the program, and ANA Volunteer Administrator Rachel
Irish to work with the current 16 regional coordinators to revise the program.
“The Board and the headquarters staff is very supportive of the Representative
Program,” says ANA President John W. Wilson. “We have a great group of people
who work hard to promote the Association and the numismatic hobby. ”Governor
Finner says, “We anticipate that with this restructuring, we can improve the
lines of communication between the Board and headquarters staff, and the
regional coordinators, district delegates and club representatives.
I have been working with Rachel
Irish to survey the regional coordinators to assess their needs and seek ways to
help them better serve the ANA. ”Under the revised mission statement, the ANA
Representative Program “is to work directly with collectors and clubs to promote
and expand the numismatic experience through the services and programs offered
by the Association. ”MOREANA REPS. Page 2 The ANA currently has 16 regional
coordinators, including one to assist young numismatists and one to serve as a
representative on the Internet. When the revision is completed this summer,
there could be as many as 29 regional coordinators, working with Scott and Lisa
Loos of North Bend, Washington, who have been appointed by President Wilson to
serve as national coordinators.
Scott Loos, a self-employed accountant by trade, works as a full-time coin
dealer, specializing in medieval and world coinage. A collector for more than 20
years, he is a life member of the ANA and is active in local, regional and
national coin clubs. He has served as president of the Pacific Northwest
Numismatic Association (PNNA); past president, treasurer and newsletter editor
of the Inland Empire Coin Club; and treasurer of the Conder Token Collector
Club. He also is a member of the Seattle, Tacoma-Lakewood and University Coin
Clubs. Loos has served in the ANA Representative Program at the club, district
and regional levels, and received the ANA’s Terry Armstrong Outstanding Regional
Coordinator Award in 2000.
Lisa
Loos, an account representative for Microsoft, is a collector of Portuguese
coinage and has worked with her husband as a coin dealer. She is a member of
several local clubs and anew director of PNNA. She joined the ANA in 1991 and
has been co-coordinator for Region 7, which covers Alaska, Idaho, Oregon and
Washington. Finner says the Board of Governors is examining ways to provide
additional funding to the Representative Program, and Wilson notes that regional
coordinators will be able to present appreciation awards to district and club
representatives who demonstrate dedicated work for the ANA and the program.
For more information about the ANA
Representative Program, contact Rachel Irish at 818 N. Cascade Ave., Colorado
Springs, CO 80903-3279; telephone 719/632-2646; fax (719) 634-4085; or E-mail volunteer@money.org
.
==============================================
MAIL CALL
Hi Gramsters!
I subscribe to the "Green Sheet".
Since the Lynn Knight Auction, and Fred's (our Guru!) new book, one would think
that and occasional update on "prices" would be appropiate! There are notes
listed that I will pay (and many others) up to 5-10 times BID! The prices are so
"all over the place" it's useless. The #591 $10 sold at $6300+ and I know
of one that just sold for more!! Also many replacemnts that sold in new for 4-5
times current bids!! Like the #641 .50 cent, barely new, $1955, the #661 25c lot
#114 @ $2588+ additional commission!!!. When will MPC get the "RESPECT" from the
"mainstream" bozo's. It's "okay!" that the collectors who truly "know" the
current levels can occasionally take advantage of the lower printed prices. But
these prices are a "joke!" Get with the program and revise the antiquated
pricing!!!! Venting!
Guy Araby!
* *
* * *
* * *
* *
MPCGram Staff:
Re: Series 692:
I volunteer to do the
Series 692 / Gram 692 .
Tom Koch
Thanks Tom! Hopefully others
will follow your lead!
Phil de Editor
* *
* * *
* * *
* *
Hi
Gramsters!
On 4-01-02 I submitted information.... It was that "I
had purchased a group of #611 $1 with a "Yellow (actually 'GOLD') band" /
wrapper. Well after examining the current Heritage auction, I realized that the
band on the #661 $1 is BLUE! SO, that leaves only the $10 and the
$20 to confrim!! At the time, I submitted the above information. I suggested to
"confirm" with David Seeyle as he had offered a bundle of #641 $1 for
sale. Well now this $1 "color/ BLUE" should be confirmable now, for SURE.
My band, came with '5' #611 $1 but "no" expressed surity that, that band was the
band for that bundle. So until someone confirms a Series #661 -692 $20 "Wrapper"
the yellow Band remains a question? Which bundle does it belong to, the $10, or
the $20. SEE Fred's Book Page #41. Update! Till next time.
Guy
Araby!
==============================================
EDITORIAL
As you will notice, the editorial section was
relocated to UNDER the mail call section, so I may comment on a letter in that
section, after you have read it, not before. Otherwise, you wind up reading my
comments first, and the letter second.
A very big
Special thanks to Tom Koch, who has graciously volunteered to author an article on Series
692 for Gram 692. How many others out there care to take a shot at fame?
==============================================
CALENDAR OF EVENTS
2002
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
WESPMEX: 27 - 28 July
Westchester Paper Money
Exposition - 175 Dealers
Westchester County Center, White Plains,
NY
WESPMEX: 11 - 13 October
Westchester Paper Money
Exposition - 100 Dealers
Westchester County Center, White Plains,
NY
WESPMEX: 29 November - 1 December
Westchester
Paper Money Exposition - 160 Dealers
Westchester County Center, White Plains,
NY
2003
CPMX 9: 20 - 23 February,
MPC Fest
IV: 28 Feb - 2 March, Port Clinton, OH
Fest Registrants: Doug Bell, Joe Boling, Guido
Crapanzano, Dick Freyser, Philip M. Goldstein, Gary
Hicks, Harold Kroll,
Jack Lippincot, Kevin Maloy,
Leo May$$, Fred Schwan, David Seelye, Nick
Shrier, Larry Smulczenski, Warner Talso,
Marcus Turner, Tom
Warburton
$$ = Paid
Running total: 17
ANA: 19-22 March, Charlotte, NC
===================================================
SCHOLARSHIP DONATIONS
Reminder: The deadline for scholarship applications is
May 15.
Please get them in soon.
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
maturner@indy.rr.com
Donors to 2002 Scholarship Fund:
Dave
Amey
Gail
Baker
Keith and Sue Bauman Doug
Bell
Bay Bows
Angus
Bruce
Carlson
Chambliss
Ort
Cowles
Guido Crapanzano Mike
Cummings
Howard A. Daniel,
III Sam
Feeback
Steve
Feller
George Fitzgerald Dick
Freyser
Al
Glaser
Philip M.
Goldstein
Wes
Hardy
Rod
Hardy
Gary Hicks
Ed
Hoffman
Tom
Koch
Harold
Kroll
Tim
Kyzivat
Jack Lippincott
Kevin
Maloy
Ian
Marshall
Leo
May
R. A.
Medina
Marv Mericle
Mr.
691
John
Pettit
Bruce
Potter
Gene
Ryan
Unknown Subscriber
Fred
Schwan
David
Seelye
Joel
Shafer
Neil
Shafer
Larry Smulczenski
Warner
Talso
Marcus
Turner
Russ
Walsh
Tom Warburton Mark
Watson
Pam
West
John & Nancy Wilson Bill
Yanchick
===================================================
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
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
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 or Wide World of
Banknotes
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
===================================================
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 SECTION:
For Sale ads will run for a period of up to 5 days, or until
sold.
Series
461 5
Cents
F
5.00
Series 461 5
Cents
F/VF
6.00
Series 461 5
Cents
VF
7.50
Series 461 5
Cents
A.EF
12.50
Series 461 5
Cents
EF
stain
11.50
Series 461 5
Cents
EF
19.00
Series 461 5
Cents
AU
45.00
Series 461 5
Cents
UNC
63.00
Series 461 5
Cents
GEM
UNC
90.00
Series 461 10
Cents
F/VF
6.00
Series 461 10
Cents
VF
7.50
Series 461 10
Cents
EF
18.00
Series 461 10
Cents
AU
40.00
Series 461 10
Cents
Gem
UNC
95.00
Series 461 25
Cents
EF
40.00
Series 461 25
Cents
EF/AU
49.50
Series 461 25
Cents
AU
75.00
Series 461 25
Cents
AU/UNC
110.00
Series 461 25
Cents
UNC bent corner 100.00
Series
461 25
Cents
Choice
UNC
175.00
Series 461 50
Cents
VF
18.75
Series 461 50
Cents
VF+
37.50
Series 461 50
Cents
EF
pinhole
55.00
Series 461 50
Cents
EF
80.00
Series 461 50
Cents
EF/AU
100.00
Series 461 50
Cents
About UNC-UNC 130.00
Series 461 50
Cents
CHOICE UNC
195.00
Series 461 1
Dollar
VF
10.00
Series 461 1
Dollar
EF
18.50
Series 461 1
Dollar
UNC bent corner 100.00
Series
461 1
Dollar
CH
UNC
175.00
Series 461 1
Dollar
GEM
UNC
225.00
Series 461 10
Dollars
VG
15.00
Series 461 10
Dollars
VF
45.00
Series 461 10
Dollars
EF
75.00
Series 461 10
Dollars
EF/AU
150.00
Series 461 10
Dollars
AU
175.00
Series 461 10
Dollars
CH
UNC
300.00
contact David Seelye at coinman@rochester.rr.com
(05May)
Sixty (60) Vietnam transitional notes from the same
pack. The front shows "Republic of Socialist Vietnam," the denomination (2
dong's), and the communist emblem of the country. The back shows the "Ham Rong"
bridge and pagoda, boat, number 2, and "National Bank of Vietnam".Those notes
are from the time era when the country was ruled by a military totalitarian
regime.
All for $37, including shipping.
Contact: ttnguyen@oppd.com
(05May)
Comprehensive
Catalog of Military Payment Certificates - 4th Edition
by Fred Schwan
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
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. This is a trial, if you like it, send your list.
WANTED Souvenir Card 'MPC Fest I' from the first MPC
Fest. (4/18)
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. (4/18)
WANTED TO
BUY: Bulk quantities of Afghanistan propaganda leaflets or related. (4/18)
Looking for a Series 641 MPC, any denomination with the
serial number J02283151J. (4/18)
===================================================
MPC CATALOG CORRECTIONS &
ENHANCEMENTS
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)
===================================================
MPC Gram
Staff:
Publisher:
Fred Schwan -
MPCGram@yahoo.com
Editor:
Philip M. Goldstein -
IWANTMYMPC@aol.com
Subscription
Manager:
Doug Bell
-
doug@papermoneyworld.net
Tuesday Columnist :
Joe
Boling -
JoeBoling@aol.com
Thurski Columnist:
Larry
"Ski" Smulczenski - skifla@prodigy.net
Friday
Columnist:
Fred Schwan -
MPCGram@yahoo.com
Critic:
Harold
Kroll -
HARBONS@aol.com
Distribution Manager:
Brad
Peacock -
bp22@swbell.net
Scholarship
Coordinator:
Marcus
Turner -
maturner@indy.rr.com
Index &
Back Issue Manager:
Ed Beaman -
ebeaman@sprynet.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 -
|