Hi Kenneth,

Thank you for contacting Mearto with your appraisal inquiry.
The official West Point Military Academy yearbook was "The Howitzer"; the Shrapnel was a humor magazine published by West Point cadets, featuring satire, jokes, and lighter content, rather than serving as an official yearbook. That said, the pages you show appear fairly serious and not that of a spoof or gimmick.
The graduating class in West Point for the class of 1964 as somewhere between 600-800 (class size varied in the 60s) so it's assumed this would not have had a large print run than a few thousand at the very most.
Other copies of the 1964 West Point yearbook (Howitzer) are available from about $40; since this may have been in more limited production, this has a value of $125-150. Of course, if this had been Donald Trump's copy, some people would probably want to pay several times that...

Based on the photos and information provided, and subject to examination, this is:

A vintage West Point Military Academy Shrapnel yearbook
printed in 1964
Including pages showing Donald Trump as a senior
11-1/4” x 8-3/4”
CONDITION: This appears to be in generally good condition with some splitting to the binding and wear to the cover.
PROVENANCE: Inherited
$125-150*
*represents a fair-market value for auction purposes; retail or asking price may vary.

Please let us know if you have additional items to appraise, or questions/concerns, and thank you again for using Mearto.
~ Delia