The Planchet

May 2017

Issue #577

The next meeting will beMonday, May 15, 2017
Meetings of the Indianapolis Coin Club are now held
the third Monday of each month at theNorthside Knights of Columbus
2100 E. 71st Street in Indianapolis, Indiana.
The Meetings consist of a business session, an intermission, educational program,and a numismatic auction. Doors open at 6:00pm, meeting will begin at 7:00pm.

Indianapolis Coin Club Educational ProgramThis month’s Educational Program will be:‘1776’by Chris Bower
Next Month’s Meeting Date & Program:
Monday, June 19th, 2017, at 7 pm.
‘Sutter’s Tokens: They Funded the Civil War
by Dennis Hasket
For a complete list of 2017 Meeting Dates & Educational Programs see the last page of this newsletter.
More information can be found on the Indianapolis Coin Club’s website at:

http://www.indianapoliscoinclub.org/

A Few Words From Your President
The ICC Board of Directors recently voted on and passed a resolution to establish the Jerry Lebo
Junior Numismatist Award. I believe that this is a fantastic way to honor Jerry's memory instead ofa monetary contribution to a numismatic society, one which would have been accepted and thenquickly forgotten by both the Club and the entity. The text of the award is as follows in italics.
In honor of the memory of Jerry Lebo, noted numismatist and former president and life member of theIndianapolis Coin Club, the Indianapolis Coin Club (“ICC”) hereby establishes the Jerry Lebo Junior Numismatist Award (“JLJNA”).

The JLJNA may be awarded to any person, whether a member or non-member of the ICC, who meetsthe ICC definition of “Junior Numismatist” (under 18 years of age) at the time said individual qualifies
for the JLJNA. Multiple awards may be given to different individuals in any year, but no individual may
receive multiple JLJNA awards.
To qualify for the JLJNA, any Junior Numismatist who, after the establishment of the award, attends
three ICC meetings within a five month period, is eligible to receive the award. After so qualifying, theJunior Numismatist must present a short (one or two minutes) presentation discussing Mr. Lebo’s contributions to numismatics (or an aspect thereof). Once the presentation is made, the ICC shall grant theaward to the presenting Junior Numismatist.
The award will consist of a one-year membership in the ICC. The award (free ICC membership for oneyear) shall commence on the first day of January in the year immediately following the date on which
the award is granted. If the Junior Numismatist is already a member of the ICC, his or her membershipin the ICC shall be renewed for an additional year. If the Junior Numismatist is not a member of the ICC,
he or she shall be awarded a one year membership in the ICC.
No individual shall be awarded a JLJNA more than once.
The name of any Junior Numismatist awarded a JLJNA shall be announced in The Planchet and the secretary of the ICC shall keep a roll of all individuals awarded a JLJNA.

ICC Vice President Steve Howery and I attended the Central States show last month and found it tobe well worth the trip. The show appeared to be well attended on the day we were there(Thursday April 27th) and we ran into a few other ICC members at the show as well. The biggest
downside was the traffic around the Chicago area both coming and going (along with the mandatory tolls), but aside from that we had a good time, found some deals, and enhanced our overallnumismatic knowledge.
Please plan on attending our meeting on Monday. Remember, if you are placing expensive items(over $100.00) in our auction, make sure to let our Editor know so that he can make a note of suchin the Planchet. As always, bring along a friend or relative, and I will see you at the meeting!

Jim Sukup

The Perfect Coin
I know this will probably offend some people but I do not like perfect coins. TheMS70 and PF70 graded coins of the world. I can’t understand the ridiculous (inmy opinion) prices that individuals will pay for a label that says that there coin isperfect and none can be any better. Don't get me wrong, occasionally I do comeacross a modern coin with a subject matter that speaks to me (you know, thevoice you can't ignore). For the most part modern coins just don't do it forme. The modern coins I do own are rarely graded.
Maybe it was the way I was raised and introduced to coin collecting. Growing up
I would help my grandfather with his collection. He had a huge (at least it appeared that way to me) collection. There must have been a dozen Lincoln Centbooks in some form of completion. There was a Liberty Nickel book with only
one hole and a nearly complete set of Buffalo Nickels. Everything was well circulated. Of course there was other stuff but this was the bulk of his collection. The
thing that really amazed me was that he never purchased a coin in his life. Heand I would sit for hours sorting jars of coins and looking thru change. When wefound a wheat cent it was never not good enough to keep.
I spent the majority of my young adult life working on completing his sets. Alongthe way I inherited a nice set of well circulated Indian Cents that I was able toeventually complete. Now my collecting world has expanded to include world
coins with my main focus being on pre 1900 pieces. I am more than happy withnice looking circulated coins. The picture attached is a 1694 Austria Thaler that isgraded AU55. In my humble opinion it is a beautiful coin. It makes me wonder
why after being in circulation for some time somebody decided to hold on to it.
Whose hands did it pass through and how long had it been somebody's personaltreasure before it found me.
One of the few times that my Indian Head Cent collection left the house I had
taken it and some other pieces to a well-regarded local dealer. The look of being
completely unimpressed spoke volumes to me. Of course he felt that most ofthem needed to be upgraded. There was only one coin that "is a nice piece". I
could tell that he wouldn't understand that I had no interest in "upgrading" anyof them.
(continued on Page 4)

I guess what I am trying to say is only you can determine what a perfect coin is. I
have a hard time believing that the current push to buy modern MS70 coins withan unlimited mintage limit will ever pay off. But if that is what you want, thenbuy it.

By Chris Bower
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Cell (317) 910-4205

The 2016 Indianapolis Coin Club
Officers and Board Members:
President
Vice-President
SecretaryTreasurer
Newsletter Editor
Past President
Sgt-at-Arms
Board Member 2016-2017
Board Member 2016-2017
Board Member 2016-2017
Board Member 2017-2018
Board Member 2017-2018
Board Member 2017-2018

Jim Sukup
Steve Howery
Vinton DoveMark Eberhardt
Andy Nahrwold
Michael White
Jim Warden
Gerald CorazPaul Vaughn
Jim Roehrdanz
Donn Wray
Jeff Bercovitz
Bob BettcherYour ad could be right here!

Advertise in the Indianapolis CoinClub Newsletter! The cost is only
$35.00 for a business card size adfor 12 issues!
The Monthly Planchet is the official publication of the Indianapolis
Coin Club. It is published monthly in Indianapolis, Indiana. Allinquiries should be sent to ICC, P.O. Box 2897, Indianapolis, Indiana,46206.

April 17, 2017 - Minutes of the Indianapolis Coin Club Meeting.
Open – President, Jim Sukup, called the meeting to order at 7:00 PM. 37 people were present.
We met at the Knights of Columbus Hall, 2100 East 71st Street.
The Secretary’s report and Treasurer’s report were accepted as published in the Planchet.
Visitors – Jim Shepherd was introduced. He is interested in Trade Dollars, and cautioned thosepresent to beware of fake Trade Dollars, since there is a large number of fakes available in themarket.
Committee reports – J im again r equested that those member s who have outstanding ICC
Library books to please turn them in, or at least contact him or Paul Vaughn to confirm that you
are still in possession of them, and arrange a date to get them back to the Club.
Old Business – Past President, Michael White, reported that he attended the Michigan State
Spring Coin Show, and it was an excellent show with excellent attendance.
New Business – Jim reported that the Board met before the Meeting to discuss the death of Jerry Lebo. The Central States Show will be April 26th to 29th The Second Sunday show will beheld on the first Sunday in May, the 7th, to avoid conflict with Mother’s Day on the 14th. Kill
Reports – Jeff Bercovitz reported finding a Red Seal two dollar bill in change. Joe Bolingbrought in a Yugoslav note stamped for the occupation of Montenegro – except that stamps aremodern counterfeits, a bit too large, and with incorrect style in the font of the legends. NeilShafer gave him the note for his reference/teaching collection. Paul Vaughn questioned the term
“Rare” used in advertising coins for sale by dealers. The Secretary commented that in his opinion, his 1916 PR-64 Brown Matte Proof Lincoln Cent was indeed rare with a total mintage of
only 600 coins. The Secretary asked if anyone had either a Georgia or a California Statehood
Quarter for sale. He is trying to find a PCGS slabbed PR-69 DCAM example of each.
The Educational Program – The educational program for the evening was “Maundy Coinage”
presented by Donn Wray. Donn explained that the biblical mandate “to love one another” (“Mandatum”) was anglicized into “Maundy” and starting in the 1300’s, English monarchs
began washing the feet of the poor and giving gifts on the Thursday before Good Friday. By
the 1600’s gifts of money were begun, and the first dedicated coinage for the purpose of Maundy gifts was an undated issue of 1, 2, 3, and 4 pence pieces in 1662. Dating of sets began in1670. The prices seemed to be quite reasonable to the Secretary, considering the rarity. Only
about one thousand coins were struck in most years, and yet if the coins are bought in sets, thecost historically was only $100 to $300 in most years. Donn had an excellent display of Maundy coins, and his presentation was most interesting.
After the Break, the Attendance Drawing and the 50/50 Drawing were held.
Auction – Joe Boling ran the auction. Assisting were Bob Bettcher, Jim Roehrdanz, Michael
White and Vinton Dove.
The meeting was Adjourned at 8:26 PM.
Respectfully submitted, Vinton Dove, Secretary

Treasurer’s Report
2017Apr.

RECEIPTS:
Dues - Regular @ $20.00 ea.
Dues - Junior @ $5.00 ea.
Advertising - Planchet @ $35.00 ea.
Fifty/Fifty Drawing:
Donations / Auction Lot Sales:
ICC Library Book Sold (est):
Auction Lots Sheets @ $1.00 per
Sheet:
Amazon.com
Newsletter Postage Fee:

$

40.00

$

45.00

$

9.00

TOTAL RECEIPTS:

$

94.00
Apr.

DISBURSEMENTS:
Dues - ANA:
Insurance - Liability:
Insurance - Treasurer's Bond:
Mail Box Rental:
Secritary/Treasurer Office Supplies:- Postage:
K of C Meeting Room Rent:
Exhibitors Nights Prizes:
Library Purchases:
Website MaintenanceNewsletter:- Printing/Supplies:- Postage:$100.00

TOTAL DISBURSEMENTS:$100.00

NET INFLOW / OUTFLOW:$(6.00)ICC CHECKBOOK:
Starting Balance:
CD's Mature:
Cash/Checks in:
Checks Out:Apr.
$ 3,798.48

Ending Balance:$ 3,792.48

Net Gain or Loss for the Month:$$$94.00
100.00(6.00)

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Indianapolis Coin Club2017 Meeting Dates & Educational Programs
January 16, 2017 - ‘Indiana’s 2016 Bicentennial Celebration’ - by Jeff Bercovitz*Prize sponsor: Jeff Bercovitz

February 20, 2017 - ‘How Counterfeiters Evade Security Features of Paper Money ’- by Joseph E. Boling*Prize sponsor: Joseph E. Boling

March 20, 2017 - ‘Large Cents’ - by Sam Shafer*Prize sponsor: Sam Shafer

April 17, 2017 - ‘Easter Numismatics: Maundy Coinage’ - by Donn Wray
*Prize sponsor: Donn Wray

May 15, 2017 - ‘1776’ - by Chris Bower - by Chris Bower*Prize sponsor: Chris Bower

June 19, 2017 - ‘Sutter’s Tokens: They Funded the Civil War’ - by Dennis Hasket*Prize sponsor: Michael White

July 17, 2017 - ‘The Crowns of Scotland’ - by Paul Vaughn*Prize sponsor: Paul Vaughn

August 21, 2017 - ‘TBA’ - by Andy Nahrwold*Prize sponsor: Andy Nahrwold

September 18, 2017 - I.C.C. Exhibit Night*Prize sponsor: TBA

October 16, 2017 - ‘TBA’ - by Jim Roehrdanz*Prize sponsor: Jim Roehrdanz

November 20, 2017 - ‘Annual State of the Hobby Address’ -by Mark Eberhardt*Prize sponsor: Mark Eberhardt

Tuesday, December 5, 2017 – NO MEETING - I.C.C. Holiday Banquet*For 2017 we are continuing the 'Attendance Prize' drawing at each monthly meeting as an added incentive for all I.C.C. members to attend as many meetings as possible and to encourage new membership. Everyone attending each regular monthly meeting will receive a prize ticket when they arrive atthe meeting and sign in at the greeting table. The prize each month will be a 90% silver U.S. Half Dollar (or equivalent or greater 90% silver content coin) The I.C.C. Board members and officers as well as
several I.C.C. members chose to act as sponsors and donate the monthly prizes rather than funding
them from our budget. You'll find the monthly prize sponsor listed below each monthly meeting dateabove. You'll just have to show up to see what you may win!
Please keep this in mind each month; regardless of who is giving the monthly program and/or the topic, we owe it to that person and themembership to remain quiet and pay attention during the program. It’s important that we respect the knowledge that is being shared withus as well as the time and effort the speaker is donating to our club.
The same rules should apply to our monthly auctions; please remain quiet and pay attention.
Thank you.