[Dx-qsl] IRC Expiration

Mon, 25 Mar 2002 14:19:41 -0600

So Steve...if what u say turns out to be the case, then somebody like me,
who has several hundred old type IRCs needn't run to the PO to redeem them
b4 they are useless...right?   73/dx
steve, k8wk
**************
-----Original Message-----
From: Steven Wheatley KU9C <[email protected]>
To: [email protected] <[email protected]>
Date: Monday, March 25, 2002 2:20 PM
Subject: Re: [Dx-qsl] IRC Expiration


>
>Steve,
>
>I don't recall the process back in 1975 (wasn't a QSL manager
then....HI)...but there was a grace period announced for the old IRCs, after
which they became invalid for postage exchange.  You can still return the US
issued ones, today to the issuign post office (or in theory any USPO) for
redemption...but they're worth a lot more on eBay.
>
>I think the redemption period was a year or so...as I recall.  My guess is
we'll see that sometime in the future with the current old IRCs, with the
new design.  What I wonder with the new design, is how often will they
change the printing plates to up the date.  They're 5 years now...actually 4
years 9 months...but that's the point, they're like an option, with a time
value.  I've not seen anything on that issue....but I suspect this will
allow them to keep the current design without having 'old' ones being
redeemed.  FOr example, the 1975 ones, which I think were initially 26
cents, can still be exchanged today for a surface stamp ....which is likely
more than 26 cents in most countries, although back in 1975, that wasnt the
case.
>
>Personally, I'm holding most of my 'non-marked and surface' ircs, and
waiting for the postage increase.  If the next one is anything like the
last, it should be a good return (60-80cents....33% gain!)
>
>73
>Steve
>
>---------------------------
>Steve Wheatley KU9C
>PO Box 5953
>Parsippany NJ  07054-6953
>U.S.A.
>
>email:  [email protected]
>http://www.ku9c.com/
>
>
>
>---------- Original Message ----------------------------------
>From: "Steve Litwins" <[email protected]>
>Reply-To: [email protected]
>Date: Mon, 25 Mar 2002 13:56:14 -0600
>
>>Hi Steve;
>>Another point re IRCs expiring.  An IRC is kinda like the USPS 'legal
>>tender'...used to exchange for goods and services etc.  Just like the
dollar
>>is the USA legal tender (doesn't expire...hopefully).  Using a date
criteria
>>to cancel the validity of an IRC is just like saying...your dollar is no
>>good after such and such a date.  I would rather think they would collect
>>all the old issue IRCs until a reasonable time, and then publicly ask that
>>the old ones be redeemed for stamps or new IRCs.  This would prevent a
>>person who has a large stock of old IRCs from loosing his investment in
>>'legal tender'.   73/dx
>>steve, k8wk
>>***************
>>
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