THE PLANCHET
Issue 485

A Pu bli c a t i o n o f t h e In d i a n a p o li s
C o i n C lu b

August 2007

The Meetings of the Indianapolis Coin Club are held the fourth Monday of each month at
the Northside Knights of Columbus at 2100 E. 71st Street in Indianapolis, Indiana.
The Meetings consist of a business session, an intermission, educational program, and anumismatic auction. Doors open at 6:00pm, meeting will begin at 7:00pm.
Meeting at New Location
Check it out

The next meeting will beMonday,
August 27th, 2007!

Meeting at New LocationDetails Inside

Club Moves Meeting Place - This Month !!
New Location isKnights of Columbus at 2100 E. 71st Street
The Club has moved it location to the KC for several reasons. The biggest one is to avoid a conflict with
the Library over their Non-selling rule and the others are time constraints, and more room for the club togrow. This will be a positive move for the club, because it will allow us more room and time for the auction, more tables for dealer setup, and better seating. To make this happen we need to remember to use
their restaurant and bar areas. I ask that everyone at least purchases a beverage and that you use dollar
coins, two dollar bills, or just tell them that you are with the coin club. This will let them know that we areusing their facility and that will help guarantee us our new location. Directions: If you have ever been to
the “Second Sunday” show in Indy then you have been there. For you that have not been there or it havebeen awhile then: Take 465 to the north side and exit off Keystone Ave. South (Indy). Go about 2 to 3
miles to 71st Street (Light) and turn right (West). It is just two blocks on the right (North) side of the street.
Park in front and use the main doors. Once in the building at the “T” to your right will be the restaurant
and to the left down the hall will be the meeting. Lets kick off this new location with a record crowd. See
you all there……...

Don’t Forget this Month is Exhibit Night - See More Details on Page 3
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$$$$ “ALWAYS BUYING” $$$$
VINTON G. DOVE

PAYING TOP PRICES FOR ALL U.S. COINS

Certified Public Accountant
Collecting U.S. Coins Since 1952

DON’T SELL WITHOUT GETTING OUR OFFER!!!

LARRY HYLTONBROWNSBURG, IN

ANA, ISNA-LM, CSNS-LM(317) 852-8458

443 Wellington Road
Indianapolis, IN 46260(317) 257-1906
Fax(317) 257-2220

Jim Fuson
Retired Teacher & Coach

R.O.M.A. COIN
Specializing in U.S. RARE COINS

Collector of old U.S. Coins
And old Sports Cards
Also have some coins and cards for sale5795 E. Co. Rd. 350 S., Plainfield, IN 46168
ICC & ANA
(317) 839-5178
APPRAISALSBUY AND SELL

PHONE(317) 753-7967

DOUBLE D. KOINSDONALD D. KING SR.
MemberANA CSNS ICC

The 2007 Indianapolis Coin ClubOfficers and Board Members
President
Mark Eberhardt
Vice-President
Jim Roehrdanz
SecretaryVinton Dove
Treasurer
Karl Kreck
EditorMark Eberhardt(fubacoin@aol.com) ph. (317) 837-5682
Past President
Sgt-at-Arms
Board Member 2007-2008
Board Member 2007-2008
Board Member 2007-2008
Board Member 2006-2007
Board Member 2006-2007
Board Member 2006-2007

Vinton Dove
Jim Warden
Dave Reid
Bob Bettcher
James Held
Jim Fuson
Charles AlberOpen

ORVA (ORV) DETRICK
Professional Numismatist

PO Box 267
Donnelsville, Ohio45319-0267
Phone: 937-882-6730
Cell #: 937-284-0412
E-mail: Romacoin@aol.com
Buy/Sell Bullion: Gold & Silver

Advertise in the Indianapolis CoinClub Newsletter! The cost is only
$35.00 for a business card size ad for
12 issues!

The Monthly Planchet is the official publication of theIndianapolis Coin Club. It is published monthly inIndianapolis, Indiana. All inquiries should be sent to ICC,P.O. Box 2897, Indianapolis, Indiana, 46206.

Table of Contents
Clubs New Location -CoverAdvertisers-Page 2

Exhibit Night-Page 3

Secretary’s Report -Page 3Kennedy 50C 1971 to -Page 4Show Schedule-

Page 5

Treasurer’s Report -Page 5

Ed. Prog. For Aug.
Classified Ads

The Monthly Planchet, August 2007

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Page 5
Page 5
Page 2August is Exhibit Night !!
This is are annual Exhibit Night were everyone has a chance to show off part of theircollection. All we ask is that you bring an exhibit and a slight explanation of what it is,some information about it, and how long it took to put together. Each person that shows
up will be given (2) tickets to vote for their favorite exhibits. Prizes will be awarded basedon most tickets. In the past this night has lead to many discussions on types of coins, currency, metals, and other items and has lead some people to collect other things. Pleaseparticipate. If you need a case, please call or email me at: 317-837-5682 or fubacoin@aol.
com before August 22nd. We will try to accommodate everyone. The doors at the new location will be open at 5:30pm for setup. Remember there will be NO Dealer Setup thismonth !!!!! We will run an auction.

Lets Have a GREAT TURN OUT !!!!!
July 23, 2007 Minutes of the ICC Meeting held at Nora Library
The meeting was called to order at 7:00 PM by President Mark Eberhardt. 26 members andguests signed the attendance book, but I counted 32 people in attendance.
Visitors introduced were Wayne Moody and Jill Stanley, both of whom signed up as members during the evening. Wayne said he had been a member of the Club about 15 years ago.
The Secretary’s report and the Treasurer’s report were read and accepted.
Old Business – Mark reminded the membership that the election of Officers of the Club
would be in November, and the Club needs more officers. At this moment, the Club is short one Board member.
There was a lengthy discussion of our meeting place, past, present and future. The option discussed was a moveto the 71st street Knights of Columbus Hall. There didn’t seem to be many negatives besides the unknown as towhether or not the K of C would continue to let us meet there after a 3 month trial period. Mark said the Board
would make a decision later in the week as to whether we would move the Club.
New Business – Secretary, Vinton Dove, reported that the Club had received more Statehood Quarter“boards” (albums) from Patricia Finner in her capacity with the Central States Numismatic Society, and they wereavailable to those who wanted them. He also said that the Club Life Member Jerry Lebo had sent us information
about the ANA show in Milwaukee in August, which was also available to the members.
The Educational Program was presented by the Club Vice-President, Jim Roehrdanz. He gave an excellent
presentation on the Peace Dollar series. He explained how the series came to be, including an explanation of thePitman Act and mention of the “trial pieces” coined in 1964 but never released to the public. Jim also had a complete collection of Peace Dollars on display for the members to view. Every coin was certified by the PCGS grading service, and most of the coins were in Mint State condition. He also handed out a “fact sheet” on the coins inthe series. His presentation inspired a discussion of the ultimate disposition of the 1964-dated Peace Dollars andother “trial issues” from the US Mint.
Karl Kreck ran the 50/50 Drawing. The winner was Jim Roehrdanz.
After the break, President Eberhardt then ran an exciting Auction. Joe Boling, Karl Kreck and Vinton Dove assisted. The auction included a few lots donated by members, with the proceeds going to the Club.
The club adjourned at 8:40 PM.
Vinton Dove, Secretary
The Monthly Planchet, August 2007

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Page 3KENNEDY HALF DOLLARS 1971 – DATE
By
Michael Schmidt
In 1971 the half dollar finally gave up the ghost and joined the dime and quarter as a strictly fiat coinage made from the same copper-nickel clad copper, sandwich material..
Other chances occurred as well. The portrait of Kennedy was loweredin relief and reduced in size slightly, and the rims were broadened. For the firsttime since 1967, the Philadelphia mint once again began striking half dollars forcirculation. Mintages remained high and in fact increased. People still wanted
Kennedy’s, and the final removal of silver from the coin also resulted in all of
the pre-1971 coins disappearing.
In 1972 the rims were reduced in size again and the design then remained the same until 1975. In that year a new commemorative design was introduced. As part of the country’s Bicentennial celebrations the reverse designof the half dollar was changed to show a head on view of Independence Hall inPhiladelphia. This design was stuck during the last half of 1975 and all of1976. Along with the regular clad coins struck for circulation and in proof for
the regular proof sets, a special collectors version was struck in the same 40% silver clad composition that wasused from 1965 to 1970. This special silver version was struck as San Francisco and was produced in bothproof and uncirculated.
The regular design returned in 1977 and other than a few 1977-D halves that were struck on rejectedsilver planchets that were shipped to Denver in error nothing much happened with the half dollars until 1987..
(Rejected proof planchets are sometimes shipped to Denver to be used for business strikes, but the silver ones
should have been melted down.)
In 1987 the mint decided to repeat 1970 and only issue the half dollar in the mint sets and not make any
for circulation. Their marketing people were on the ball this time, an rather than having it be a surprise after thefact, this time they announced it the year ahead of time. Since the 1970-D went up so much EVERYONE
jumped on the bandwagon and ordered 1987 mint sets.. The coins, being mint set only do still bring a small
premium but the only people to make out well on the deal was the Mint . They sold 2 ½ times as many mintsets that year than normal.
Circulation coinage returned in 1988 and other than some minor design changes in the size of Kennedy’s head or the lowering of the relief, the half dollar just drifted along with gradually decreasing mintages.
Until 2001.
In 2001 the Mint geared up and struck about 20 million half dollars forboth the Philadelphia and Denver mints, that being the typical amount the produced each year. But then the Federal Reserve announced that they have plentyof half dollars on hand and they do not plan on ordering any in the near future!
So the Mint just had to stockpile the coins. In 2002 they decided to also sell rollsets of the half dollars to collectors. This went over well, so they dipped into
their 2001 stocks and began selling roll sets of those as well. Ever since thenthey have managed to move some four or five million coins each year. The
2001’s on the other hand have remained on sale since 2002, and still show nosigns of stopping.
There was one other special Kennedy half dollar. In 1998 a special
commemorative dollar was put out marking the thirtieth anniversary of the assassination of Robert Kennedy. As part of the set they did issue a special matte finish silver 1998 half dollar.
The design was unchanged, but the surfaces had a new finish.
The Monthly Planchet, August 2007

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Page 4

Indianapolis Coin ClubClassified Section:
Wanted - Wooden Nickels,
elongated coins, & Mardi
Gras Tokens. Call Charles:
317-856-4553
Oct

Treasurer's Report
July 2007

Wanted—1909-S IndianHead Cent (Fine or Better)
Call Don at: 317-753-7967

August Program
Exhibit Night
Everyone should bring something !
Prizes to be won

Fall Show Schedule
August19th - “Wabash Valley Coin Club’s Coinand Currency Show” Terre Haute, IN Hulman Center,
200 N. Eighth Street. Hours: 9am - 4pm.
25th - “Comfort Suites” - South Bend, IN
off of SR 31/33 North Exit 77 off Toll Road,
North of Roseland. Hours: 10am - 3pm
26th - Greenhills Classic Coin & StampShow” Cincinnati, OH American Legion Post 530, 11100
Winton Rd. Hours: 10am - 4pm

September
9th - “71st Street Coin Show” Indianapolis,
IN K of C Hall 2100 East 71st Street off
Keystone Ave. Hours: 9am - 3:45pm
Happy Hunting

Sept

Income:Received from July 50/50:
Donated item to auction:
Bill Stanley 2007 Dues:
Yearly add (Roma Collectibles)
Check # 3965:
Emma Roehrdanz Youth Dues:2007 Check # 7754
Don King (yearly add + $3.00
one month add(FUBA Check#1371):
Joel Shartzer 2007 Dues:
Received from May 50/50:
Wayne Moody 2007 Dues:
Donation to auction:$ 38.00$ 12.00$ 48.50$ 12.00$ 10.00

Total:$ 207.50

Expenses:
Mark Eberhardt Check # 1394
7/16/07 Cost Newsletter:
Idaho Quarters:
Charles Alber Check # 1395
7/23/07 Refreshments formeeting from 1/07 - 7/07:
Total$ 28.00$ 7.00$ 12.00$ 35.00$5.00$ 45.27$ 13.50$ 60.30$ 119.07

June Checkbook Balance $ 2,323.58
July Checkbook Balance $ 2,412.01
I.C.C. CD Balance as of June 1, 2007:$ 18,029.00
Respectfully submitted,Karl Kreck
Goody Bags for ICC Table at ISNA Show, Nov.
We still need items for our goody bags for theshow. Please ask around at work or the places thatyou shop and get some items. This is great advertisement for us and them. Thanks…..

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