THEPLANCHETA Publication of the Indianapolis Coin Club

Issue 476

NewsletterOctober 2006

Membership numbers: ANA C-131170, CSNS L-600, ISNA LM 243

indianapoliscoinclub.org
The Meetings of the Indianapolis Coin Club are held the fourth Monday of eachmonth at the Nora Library at 8625 Guilford Avenue 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.

The next meeting will beMonday,
October 23, 2006!

VOLUNTEERS NEEDED!!
Volunteers are needed to man the ICC’s table at this years ISNA Coin Show. This Show is oneof the only true public opportunities our Club has to promote itself. As a volunteer at the table
you will be responsible for promoting the Indianapolis Coin Club by handing out fliers about ourclub, signing up new members, answering any questions, and selling Statehood Quarter Displays. The table needs to be manned at all times during this event, so 3 or 4 hour shifts are required and we would like to have 2 people at the table most of the time. We are still looking forvolunteers for Saturday from 3pm-5pm. The show starts on Friday, November 3rd from 10am6pm, hours for Saturday the 4th are 10am - 5pm. A signup sheet will be at the next meeting(October 23rd) or you can call Mark Eberhardt at 317-837-5682. It is important that we are represented at this, Indiana’s Largest Coin Show.
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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
Jim Fuson
Retired Teacher & Coach

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

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

ORVA (ORV) DETRICK
Professional Numismatist

PO Box 267
Donnelsville, Ohio
45319-0267
Phone: 937-882-6730
Cell #: 937-284-0412
E-mail: Romacoin@aol.com
Buy/Sell Bullion: Gold & Silver

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

The 2006 Indianapolis Coin ClubOfficers and Board Members
President
Mark Eberhardt
Vice-President
Jim Roehrdanz
Secretary
Jim Goaziou
Treasurer
Karl Kreck
EditorAmy Eberhardt(fubacoin@aol.com) ph. (317) 837-5682
Past President
Sgt-at-Arms
Board Member 2005-2006
Board Member 2005-2006
Board Member 2005-2006
Board Member 2006-2007
Board Member 2006-2007
Board Member 2006-2007

Vinton Dove
Jim Warden
Dave ReidDonald Black
Allen Dove
Jim Fuson
Cos RaimondiCharles Alber

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

Table of Contents
Volunteers
Advertisers
Bust Dimes
Ed. Program for Oct. Treasurer’s Report
Secretary’s Report
Upcoming Shows
2007 ICC Dates
CSNS Program
Elections
Coin Trivia-The Monthly Planchet, October 2006

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CoverPage 2Page 3
Page 4
Page 4
Pages 4 & 5
Page 5
Page 5
Page 6
Page 7
Page 7

Page 2

BUST DIMES 1796-1807
By....Mike Schmidt

One of the last two silver denominations to be produced by thefledgling mint, the dime never used
Robert Scot's flowing hair bust. Instead his engraving of Liberty basedon Gilbert Stewart's drawing of Ann
Bingham was used on the firstdimes. As with the other denominations that used this bust, Liberty
faces right and is flanked by stars.
On the 1796 there are fifteen stars,
thirteen for the original states, plus
two for Vermont and Kentucky
which had joined the Union in 1791
and 1792. There are 8 stars to theleft of Liberty and seven to her
right. On
the first
variety of1797 they
were arrangednine left
and sevenright for a
total of16 stars. The additional star being
for the newest state, Tennessee,
which had joined earlier that sameyear. After producing that coin, it
was realized that there simply was
no more room for the addition ofany more stars if more states joined.
For this reason, the second major
variety for 1797 dropped the number of stars back down to thirteen.
Above the bust is the word LIBERTY and the date is below. For
the reverse Scot used the small eagle design which had already ap-peared on the half dime, half dollar
and dollar starting in 1794. The
somewhat scrawny eagle was placedin the center of the coin, perchedon, of all things, two clouds. The
eagle faces right with its wings outspread. Encircling the bird is awreath of two plants. The left handbranch is made up of olive while theright branch is palm. Both of theseare symbolic of peace, and the useof the palm was also a gesture ofinclusion for the southern states
which being lower in population often felt themselves to be overlookedor ignored by the more heavily populated North. (It also may partiallyhave been used because the directorof the mint at the time, Henry
William DeSaussure, was a southernstate citizen.) The country name
UNITED STATES OF AMERICA
makes up the outer legend.
Nowhere on the coin does the denomination appear. Following thecurrent practice of their former
colonial sovereign country, all precious metal coins were expected tobe recognized by their size alone.
The official mintage figures
for both years of this type were remarkably close with 22,135 dimes
being coined from five obverse andfour reverse dies in six die varieties.
Of the 1797 dimes, 25,261 werestruck from just the two obverse
dies mentioned previously (16 and13 stars) and one reverse die. Relative availability of the two dates
calls the official mintages into ques-

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tion. After studying delivery dates
and amounts, and the rarity abundance of the different varieties, numismatic
scholars
have concluded thatthe Feb.
28, 1797
delivery of
3,864 wasdefinitely
made upof coins
dated 1796. Probably most of the6,380 dimes in the March 21st delivery were also dated 1796. This
would shift roughly ten thousand
coins from the 1797 to the 1796 figures.
The draped bust small eagle
dimes can not be called rare as datecoins, but collector pressure fortype sets has made coins of either ofthese dates a little salty for thepocketbook of the collector of modest means. Still if one truly desires aspecimen and is willing to save up
for it for a little while, lower grade
specimens are almost always available. The collector with the deep
pockets will also find that enoughspecimens in VF or better, even Uncirculated, cross the auction block
each year so as to not delay the enjoyment of the ownership of one ofthese little pieces of early Americana.

Page 3

Treasurer's Report
September 2006
Income:50/50
Expenses:
Newsletter Printing
Newsletter Postage
ND-P Quarters

August Checkbook Balance
September Checkbook Balance

ICC CD Balance$40.00$20.67$19.89$13.50$54.06$2,372.73$2,358.67$17,226.85

Respectfully Submitted,Karl Kreck

Educational Program forOctober Meeting:“History of Two Little
Known Mints”
byDr. Robert Gerth

Secretary’s Report
September 25, 2006
The September meeting wasopened at 7:00pm by President
Mark Eberhardt. Visitors Dave
Colford and Bob Julian were introduced. Dave and Bob were visiting from the Logansport Coin Club, and were accompanied by ICC Life Member Jerry Lebo andICC member Wendell Wolka. (Note: Wendell has
formally declared his candidacy for the American
Numismatic Association board of governors in nextyear’s election.)The Secretary’s and Treasury’s reports were both
read and approved.
Old Business: Mark again made a plea for volunteers to serve on the Board of Directors and as Officers for 2007.
The Club needs volunteers to man the ICC table
at the Indiana State Numismatic Association's annual coin show. The show will be held on Friday(10am-6pm) and Saturday (10am-5pm), November
3rd & 4th at the Marriott Inn, on 21st Street, just
East of Shadeland Avenue. MARK THOSEDATES! Bob Bettcher volunteered to serve forpart of the time. Call Mark or Vinton if you canvolunteer.
The ICC show is still in the planning stages. Past
President Vinton Dove, announced that Committee
members are trying to get a contract for theLawrence Central High School cafeteria for Saturday, March 17, 2007, but the contact person at theschool has not furnished us with one, yet.
New Business: North Dakota “P” quarters werepassed out by junior member, Kurt Miller.
Next year’s meeting dates were announced. All
meetings will be at the Nora Library. The dates are:Jan. 29th (5th Monday!), Feb. 26, March 26, April
23, May 21 (3rd Monday due to Memorial Day
conflict), June 25, July 23, Aug. 27, Sept. 24, Oct22, and Nov. 26. Don’t forget the club does notmeet in December.

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Page 4

Secretary’s Report cont. from page 4
Education: After the break Board Member, CozRaimondi, gave the educational Program. The
subject was “State of the Hobby.” (This is a regular talk that Coz has given for several years.)
Highlights included, the price of Gold, which has
made a spectacular rise, seems to be leveling out;
BU rolls of older coins are hot items; Circulated
Morgan and Peace Dollars have cooled, but UNC
specimens are still hot; currency has cooled off;and generally speaking, better grade coins are hot,but lower grades are not. Coz also said to buy thecoin, not the plastic it is housed in. In otherwords, make sure you agree with the grade given
to the coin before you buy it. Coz said that there isstill a good atmosphere in the hobby for collectors.
Jerry Lebo then gave us a “Bonus” presentation,
speaking on his “elongated” collection, including ashow of his large collection. He said he had one of
the first elongated coins made to advertise the Armor Meat Company. Jerry also announced theCentral States Numismatic Society’s Show would
be in St. Louis on May 9th and 10th, 2007.
MARK THAT DATE!
The 50/50 drawing was won by Bill Alsman.
The meeting was adjourned at 8:30pm
Respectfully Submitted,Vinton DoveUPCOMING COIN SHOWS
October
22nd - “Evansville Coin Club Show” Evansville, IN C.K. Newsome Community Center 100 East Walnut Street.
Hours 9am-4pm
29th - “Greenhills Classic Coin & StampShow” - Cincinnati, OH American Legion
Post 530, 11100 Winton Rd.
Hours 10am-4pm
November
3rd & 4th - “The Indiana State Numismatic
Association’s 48th Annual Coin Showand Convention” - Indianapolis, IN Indianapolis Marriott 7202 East 21st Street.
Hours: Fri. 10am-6pm, Sat. 10am-5pm
5th “Champaign-Urbana 2006 Club CoinShow” - Urbana, IL Urbana Civic Center
108 Water St. Hours 9am-4pm
12th “71st Street Coin Show” - Indianapolis, IN K of C Hall 2100 East 71st Street
off Keystone Ave. Hours 9am-3:45pm

2007 ICC Meeting Dates
January 29th
May 21st
September 24th

February 26th
June 25th
October 22nd

March 26th
April 23rdJuly 23rd
August 27th
November 26th

*All of the above dates will be held at the Nora Library Branch.
*Please note that January's date is the 5th Monday and May’s date is the 3rd Monday

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Page 5

Central States
Numismatic Society
presents anArchives
Educational Seminar - June 16, 2007
Adam’s Mark Airport Hotel
Indianapolis, IN
Here’s your opportunity to meet andhear from four prominent individuals
in the numismatic community:

SPEAKERSR.W. Julian: “The Good and Bad ofResearching at the Nationaland U.S. Mint.”
Cliff Mishler: “World Coin and a
History of Krause’s ‘Standard Catalog of World Coins.’”
Anthony Swiatek: “How not to be
Cheated in Numismatics.”

Anthony Swiatek
Cliff Mishler

Wendell Wolka: “Secrets of the StateBank of Indiana Unlocked.”

R.W. Julian
Wendell Wolka
This event features two speakers in the morning and two speakers in the afternoon with a nice sit-down lunch in between. Seating is limited to the first 50
applicants so don’t delay.
Registration is $20 per person for CSNS members and $30 per person for nonmembers. (The additional $10 can be applied to a membership.) The fee covers both seminar and lunch.
If you plan to stay overnight, the hotel offers a rate of $89 plus tax for both single and double accommodations. Phone (317) 381-6102
Mail a check payable to CSNS to:Seminar
P.O. Box 841
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Page 6

Coin Trivia

Board Members!!
The Indianapolis Coin Clubis looking for people to stepup and become Officers andMembers of the Board. Thereare several openings on theboard this year and we need
new people to fill those voids.
Nominations are welcome by
any member of the club.
If you are interested, please
notify either Mark Eberhardt
or Vinton Dove by November
1, 2006! The officers positions that are up for election
are: President, Vice-President,
Treasurer, Secretary, Sargentat-Arms, and Editor. There
are also three Board Memberpositions.

Questions
1) What was the first United States regular issue coin to contain nickel in its alloy?
2.) In the mid eighteen fifties and thenagain in the early eighteen seventies themint put arrows on either side of the dateof the silver issues to indicate a change insilver content, how were these twochanges different?

Answers
1) The 1856 One Cent piece alloyed withcopper, it retained this composition until it
was changed to a bronze composition in1864. The Nickel bearing Three Cent
Piece was not minted until 1865, and thefirst Five Cent Nickel coin in 1866 with
the introduction of the Shield Nickel.
2) In 1853 and 1854 the arrows indicateda decrease in silver content but in 1873
and 1874 the arrows indicated an increasein silver content.

HAPPY
HALLOWEEN TO
EVERYONE!
The Monthly Planchet, October 2006

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