Status: U Return-Path: Received: from web5202.mail.yahoo.com ([216.115.106.170]) by runyon.mail.mindspring.net (Earthlink Mail Service) with SMTP id tfk02h.t8v.37kbi7f for ; Wed, 9 May 2001 22:43:29 -0400 (EDT) Message-ID: <20010510024327.18714.qmail@web5202.mail.yahoo.com> Received: from [152.163.195.181] by web5202.mail.yahoo.com; Wed, 09 May 2001 19:43:27 PDT Date: Wed, 9 May 2001 19:43:27 -0700 (PDT) From: MPCgram Subject: MPCGram 334 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 334 Thurski, May 10, 2001 Show Report Tom Koch The Pacific Northwest Numismatic Association had its annual show this past weekend in Tukwila, Washington (just south of Seattle). I displayed my recently completed 90 piece set plus 691/701. It was displayed in 6 exhibit cases - 5 being the basic set plus 691/701; the sixth case contained several replacements, mpc checks and pictures of mpc vignette material. I received an average score of 81 for the exhibit which I entered in the U. S. currency category; which was sufficient for 1st place since there were no competitors in that category. Interestingly, there is a point cut off that must be met to get first place...you could have the only exhibit and receive third place if your points were that low. Since this was my first mpc exhibit I would like to pass along some tidbits. 1. I felt that my exhibit was treated fairly; even though several of the pieces in f or vf (541 5.00/611 10.00) had light graffiti. I was anxious about the exhibit getting hammered because everything was not xf or above. The point here is; exhibit what you have! The judges take into account the relative rarity of the key pieces. 2. 2. The judges gave me point scores and also written comments which will be extremely valuable for the next time. Since one of the judges was Joe Boling (ANA chief judge) I felt that the comments were extremely valuable. 3. 3. One of the fellow exhibitors took me aside and gave me pointers. He emphasized to me to not discount mechanical elements of your exhibit such as uniform spacing/font size and not turning your exhibit into an "eye test" with an overwhelming amount of narrative and exhibit material in one case.You need to strike a balance between numismatic material and narrative and don't overload the viewer. 4. 4. Most importantly; it was fun. As I was walking around the bourse, a dealer would see my exhibit badge and ask what my exhibit was. When I told them that the mpc exhibit was mine; several responded that my exhibit contained material that they had never seen before. (The 691/701 series had never been exhibited locally.) In closing, the most valuable part was that it was a learning experience for me. You are forced to look at your exhibit critically and look for areas of improvement and look forward to next year having the "best in show" US War Bonds and More, Starting Now By Larry “Ski” Smulczenski Since the birth of this nation in 1776, the government has sold bonds to Americans to finance wars, build transportation systems and acquire land beyond our borders. All the bonds issued through World War I were bearer bonds or marketable securities. Many people did not understand that the securities that they had purchased had to be held to maturity or else sold at a discount on the open market. The discount did at times dip as low as 82 cents on the dollar and dearly cost the bond buyers. Because of this experience, the Treasury Department decided to offer a savings type of bond with a schedule of fixed redemption values, redeemable at anytime after a short initial holding period. These savings bonds were issued in registered form to an individual and could be replaced in case of destruction or loss. Henry Morgenthau, Jr., the Secretary of the Treasury under Franklin D. Roosevelt was the originator of this program. He had previously taken a trip to England and France, where he was impressed by the benefits of a small denominational government bond offered to the people. At the time that savings bonds were being discussed, the government was about to undertake a number of programs to relieve the unemployment situation throughout the country. There was an appropriation bill for $4.8 billion pending---which was a huge amount of money in those days.The tax base would not support such an expenditure and additional methods of financing needed to be found. The Treasury Department wanted to include the masses instead of just the banks and the wealthy. They believed that widespread holding of the national debt was a sound principle of government financing. There were three objectives of the Savings Bond program--(1) to instill into the minds of Americans the habit of saving, (2) to educate the people with respect to government securities, and (3) to make people feel closer to the government, not only financially, but for it's total well-being--a Savings Bond was "A Share in America". The first "Baby Bond" officially known as Series "A" United States Savings Bond was issued on March 1, 1935. The bonds were purchased at 75% of their 10 year maturity value--$25, $50, $100, $500 and $1000. They were registured in the owners name and if desired, with a co-owner, or beneficiary, payable on death of the owner. They were not marketable and were redeemable at a stated cash value. If held to maturity, the Baby Bonds yielded 2.9% interest. There were four series of Baby Bonds---A, B, C, and D. The original plan was to have the letter change each year, but that idea was quickly abandoned. In slightly over six years that the Baby Bonds were available, just under four billion dollars were sold. All Baby Bonds quit accruing interest as of 10 years after their purchase date. Baby Bonds are extremely rare and very seldom, if ever, seen on the market. The bond story will be continued next week. =============================================== Editorial ---------------------------------------------------- Well we should get the data from the dead disk drive back tomorrow. We have compounded the problem a bit and will have to copy the data from DVD (which we have never used) to a new hard drive. Something is certain to go wrong, but after another week, we should be caught up to where we were two months ago! (Did I use that line in the Gram yesterday?) You can be sure that the results will be mentioned, discussed and elaborated upon in this space! New subject. The editorial in this week’s Numismatic News deals with how many coin collectors there are. David Harper was not much more definitive in his conclusions than David Seelye and he gang have been in the study of MPC collectors. For the time being however, I think that we are safe to say that there are a few more coin collectors than MPC collectors, although we sure hope to change that! =========================================== Mail Call ---------------------------------------------------- Harold, I was going thru my Fest notes and I noticed that all the replacement notes I have (Series 521 "Fred notes") run between 783 and 799. Could this Fest/series replacement notes be running from #700 thru #799? Same for the $5.00 Fest/Ser.541. the repl. note I have is #756. PK6 Dear Editor, Well, time to take Phil to task. Not that he hasn't done a great job, but still would like to know about MPC sets. I have all the regular issues plus the 651 fractionals, and the 691/701. So do we change the sets to "MPC Issued Set" ( that being all those that were used by the GI's) consisting of 90 notes. Then how about " MPC single note set" This would include those from the first set plus the 651 fractionals and 691/701 there by making it a 104 pc set. Then you can go with the "MPC special issued set" This would be all the issued notes which would include the multiprintings. Then you can have the "MPC special single note set" this would be all of the single note set plus the multiprintings. Next would be "MPC Grand Special single note set" this would be the single note set plus multiprintings and all the replacement notes. Then the last one would be " MPC Master Set" this would be all notes printed, plus multiprintings, plus all replacements. On another subject: I hear everyone making statements about printing the Gram. I don't print out any of the grams. I sent them to my data base, then transfer them to a disk. There by saving paper and space. This will mean we need to have a cross-reference listing every three months or so. Last but not least: If anyone would like a copy of the M2C2 newsletter, please email me: marv626@gateway.net Keep up the good work. Enjoy and every issue. Marv' Dear Marv, Sorry it took so long to get your letter in. Looks like you will get the final word on the subject! Editor =================================================== Departments --------------------------------------------------- WWII numismatics seminar at ANA Summer Seminar 2001 --------------------------------------------------- Not only does the scholarship fund have an official identity but also has a bank account! Any further donations should be paid to the order of "Military Numismatists Scholarship" and sent to: Military Numismatists c/o Marcus Turner 8103 East US Highway 36 Suite 163 Avon, IN 46123 THE UPDATED LIST OF SCHOLARSHIP BENEFACTORS 3/22/01. These folks have generously provided money or material to finance scholarships to the ANA WWII Numismatics seminar. Your contributions will help promote collecting WWII material and be greatly appreciated. Many donations were received at CPMX and MPCFest. Mr. Anonymous Donor, Mike Cummings, Sue and Keith Bauman, Ed B., Doug Bell, Tom Denly, Continental Coin Invensor, Inc., Denly's, R. A. Medina, Harold “MPCKid” Kroll, Leo "Paymaster" May, Mrs. R.C. Matherne, Bill McNease, Mel and Jeremy Steinberg, Marcus Turner, Larry Ski, Guido, Fred, PK6, Joel Shafer, World Wide Ventures, Pam West, John and Nancy Wilson, Neil Shafer, W. E. Yanchick, Mark Watson, Al Glaser, Phil Goldstein, Rod Hardy, Wesley Hardy, Gary Hicks, Jack Lippincott, Ian Marshall, Kevin Maloy, David Seelye, Nick Schrier, Elmer Smith, Dan Swartz, Tom Warburton, Dick Freyser, Tim Kyzivat ==================================================== 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 AMC yen for sale email, phone, or postal orders accepted, but they will be filled in the order received, with telephone orders integrated into the email orders by date/time stamp (postal orders may not be wasted postage at this point). Persons unknown to me are asked to send payment in advance. Reasonable extensions of payments will be considered (not necessarily adopted). All pieces are one of a kind (note the serial numbers); actual postage will be billed on all orders, with appropriate insurance or registration applied. Unsold lots over $125 will be sent to auction NLT 10 May; don't procrastinate. Any note not satisfying may be returned no questions asked (not after thirty days, please). For your pleasure, the sources and dates of acquisition are given; where the source is unrecorded, it means that I acquired the note before 1981, when I got my first computer. Joseph E. Boling PO Box 4718 Federal Way WA 98063-4718 253-839-5199 fax 253-839-5185 joeboling@aol.com A-yen 50 sen cream paper A07724963A AU $30 source unrecorded 1 yen white paper A02347553A Unc $50 Warmus 1987 10 yen white paper A07603448A AU+ $200 Uhl 1982 20 yen cream paper A00907857A AU $750 Schwan-Kesselman 1988 B-yen 10 sen cream paper H00063158A AU+ $375 source unrecorded 1 yen medium paper B01492974B Unc $60 source unrecorded 1 yen cream paper D01285446D Unc $30 source unrecorded 5 yen cream paper A06637755A AU $10 source unrecorded 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 Tueseday columnist Joe Boling – JoeBoling@aol.com Thurski cloumnist 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!? Yahoo! Auctions - buy the things you want at great prices http://auctions.yahoo.com/