Status: U Return-Path: Received: from web5205.mail.yahoo.com ([216.115.106.86]) by runyon.mail.mindspring.net (Earthlink Mail Service) with SMTP id thcrnn.46u.37kbi7f for ; Thu, 31 May 2001 12:19:03 -0400 (EDT) Message-ID: <20010531161901.21388.qmail@web5205.mail.yahoo.com> Received: from [172.157.186.204] by web5205.mail.yahoo.com; Thu, 31 May 2001 09:19:01 PDT Date: Thu, 31 May 2001 09:19:01 -0700 (PDT) From: MPCgram Subject: MPCGram 351 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 351 Thursday, May 31, 2001 More on Series Defense/War Bonds By Larry Smulczenski This far, I have only written about Series E Defense and War Savings Bonds and have mentioned that there was a limit of $5000 maturity value that could be purchased by an individual in one year. However, with the introduction of the Series E Defense and continuing with the War Bond, the Treasury also offered Series F and Series G Savings Bonds. The F's and G's were similar to the E Bonds but were designed for all classes of investors except commercial banks. The major difference between the three classes of bonds was the way they paid interest to the purchaser. Remember, the E Bond was bought at 75 per cent of face value and reached maturity in 10 years yielding 2.9% annually when held to maturity. Meanwhile the F Bond could be bought at 74 per cent of face and matured in 12 years producing an annual yield of 2.53% if held to maturity. The G Bond on the other hand was purchased at face value and paid 2.5% interest by check from the Treasury Department each six months for 12 years. Like the E Bond, the F and G Bonds could be redeemed after six months and had a stated value listed on the back of the bond. The G Bond however, since it paid a constant 2.5% rate of interest each six months, but promised a 2.5% rate at maturity, if redeemed prior to maturity would show an interest adjustment subtracted from the bonds purchase price. Therefore, the redemption values listed on the back of the G Bond are less than the purchase price of the bond. The F Bond was offered in denominations of $25, $100, $500, $1000, $5000, and $10000. The bonds were similar in design to the E Bonds but had a brown Treasury Seal on the face. The $5000 and $10000 Bonds which were not part of the E Series had vignettes of Monroe and T. Roosevelt on them respectively. The G Bond was issued in denominations of $100, $500, $1000, $5000 and $10000. The Treasury Seal was printed in blue while the vignettes for each denomination were the same as depicted on the E and F Bonds. The F and G Bonds could only be purchased from Federal Reserve Banks and Branches or the Treasury Department, however most banks carried the applications for purchase. When first offered in 1941, each of these two series carried an annual purchase limit of $50,000. This was increased to $100,000 in 1942 and further relaxed during war bond drives. The F and G Series Bonds are quite scarce and we have not seen all values. If you know of examples of any of them, we would certainly appreciate hearing from you. =============================================== Editorial ---------------------------------------------------- The Smythe auction catalog for the Memphis sale has arrived. Smythe has stepped up and included lots of color. This includes a few MPC—661 $10 and $20. Not very exciting, but still nice color and good to see. The $20 even makes the cover in color. =========================================== Mail Call ---------------------------------------------------- Dear Gram, I believe there is a mistake in the letter from Bill K(ansas) I do not believe there was a M70 grenade laucher issued in Vietnam Conflict, however there was the M79. This was a 40mm stand alone Grenade Launcher, wood stock looks funny (like it's upside down) as opposed to the M203, which mounted under the barrel of M16A2 (with forward assist) which was tested last year of conflict. Sorry to nit pick, but hey, I like to proofread! Best Wishes, Phil Dear ANA Members: The election ballots have been mailed. I hope that you sincerely consider voting for me as your President. I promise that I will listen to the membership and be accessible to all. My dedication is to the numismatic hobby and the building of benefits for its membership. The office of president demands leadership, experience, commitment and dedication. Leadership: I am the current ANA Vice President, Past President CSNS, Governor of SPMC, Out-of State Governor of PMCM, and have been recognized with the ANA Medal of Merit, the Central States Medal of Merit, the Glenn Smedley Award, the Krause Publications Numismatic Ambassador Award, and the Presidents Award. Experience: I have organized eight conventions including the 100th anniversary ANA convention and the1990 CSNS convention as well as many local, state and national events. Commitment: I am an exhibitor, author, certified judge, researcher and national speaker. Awards include the Central States and Florida United Numismatists Literary Awards and the FUN A. J. Vinci Memorial Excellence in Numismatic Education Award. Dedication: As a member of 63 coin clubs, I have dedicated my time and energy to the hobby for the last 30 years. As your president, I will work independently on your behalf with no conflicts of interest or financial gain to provide a clear vision for all collectors and dealers. Together we can provide new energy, responsiveness, and fiscal responsibility to the ANA. Put my Leadership, Experience, Commitment and Dedication to work for you. Please visit my web site: www.johnnancywilson.com for more information about me. I can also be reached at: johnancyw@aol.com You have my permission to e-mail this information to anyone who might be an ANA Member. Yours in Numismatics, John Wilson ================================================ 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, Marv Mericle, 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 Your items for sale will be listed in the Gram for FREE. Send your listings now. You items for sale support the gram by making it more interesting for everyone! "Republic of Viet Nam Coins and Currency" by Howard A. Daniel III (Howard@SEAsianTreasury.com) describes, illustrates and values overstamped notes for POW camps and a propaganda leaflet using the design of a 5 Dong note among the legal tender pieces. The publisher and author is out of stock of this book, but 9 copies were recently found in Scott Seman's stock. His address is P.O. Box 2347, Issaquah, WA 98027 and email is SSemans@aol.com. Please directly contact him for your copy. Howard A. Daniel III 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 Tuesday columnist Joe Boling – JoeBoling@aol.com Thurski columnist 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!? Get personalized email addresses from Yahoo! Mail - only $35 a year! http://personal.mail.yahoo.com/