The Planchet

September 2014

Issue #548

The next meeting will be
Monday, September 22nd, 2014
The Meetings of the Indianapolis Coin Club are held
the fourth 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monthsEducationalProgramwillbe:
Indianapolis Coin Club Exhibit Night
NextMonthsMeetingDate&Program:
Monday,October27th,2014,at7pm.
Rejects, Resorts and Reform: Depression-wrought changes to ‘what’s in your wallet’
By Donn Wray
Foracompletelistof2014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'
GreetingsfellowI.C.C.members,Iamlookingforwardtoseeingeveryoneatournextmeeting,thiscomingMonday,September22nd,
2014.
ThemonthofSeptemberisalwaysfilledwithmixedemotionsforme.Ononehand,it'sanexcitingtimeoftheyearbecausewe'regettingreadyforourI.C.C.Elections(November)andwe'reheading
intothe"primetime"seasonforourhobby.ThisisthetimeofyearthatvacationsandyardworkevenͲ
tuallygiveswaytomoretimeforcollectingandorganizingournumismaticholdings.Itgivesustimeto
focusonthehobbywesoenjoyandthecoinshowscomingupduringtheupcomingmonths.Onthe"downside"italsomeansthatwearealreadylosingdaylighttotheFallandWinter'sshorteneddaysandlongernights,thefallingleaveswillsoonbechokingourguttersandclutteringouryards,andit
won'tbelongbeforeIndiana'slegendarywind,snow,&icestormswillbevisiting….yuk.
Onalighternote,thismonthisourfabulousI.C.C."ExhibitNight"soI'mlookingforwardtoseeingwhatitemsyouallhaveassembledthisyear.YourVicePresidentJeffBercovitzwillberunningthe
meetingthismonthasheisChairmanoftheExhibitNightCommittee.Also,JeffhasdecidedhewantstorunfortheI.C.C.Presidencythisyearsincehecannotrunin2016aswewereoriginallyplanning.
I'veofferedhimmyfullsupportinhisrunforthePresidencyandIwillserve(ifneeded)inthesoonͲtoͲ
beͲvacatedVicePresidentialofficethisyearunlesssomeoneelsewouldliketostepupandrunagainst
me?RunningourSeptembermeetingwillbeagoodopportunityforJefftoseehowitfeelstobeatthehelm.Iamlookingforwardtomyreducedrolethismonth.Itwillbenicetositbackandwatch
someoneelserunthemeeting.

Also,forthoseofyouwhoweren'tinattendanceatlastmonth'smeeting,IwasveryhappytoanͲ
nouncetothememberspresentthatJimSukuphassteppedforwardandvolunteeredtofillthevacant
positionofChairmanoftheI.C.C.'JuniorsCommittee'.Histaskwillbetofindwaystopromoteour
hobbyinawaythatappealstoblossomingYoungNumismatists.Jimwillbeexploringwaystopresent
educationalprogramstoIndianapolisareachildreninthehopethatwecandrawsomekidsandpossiͲ
blytheirparentsintoourhobbyasmembersoftheIndianapolisCoinClub.NotonlydidJimoffertofill
thisposition,heacceptedmyinvitationtoserveontheI.C.C.BoardaswellͲservingintheofficevaͲ
catedbyGaryConner.JimwillfinishoutGary's2013Ͳ2014termandhasagreedtorunfortheposition
foranother2yearterminNovember.ThankyouJimforsteppinguptoserve!
Pleasenote;ifanyonewouldliketorun,ornominatesomeonetorunforanI.C.C.OfficerorBoardpositionyoumustspeakwiththeI.C.C.NominationsCommitteeChairmanVintonDovebeforeNovember1st,2014inordertobeeligibletorun.

Here'syourfinalbitofmotivationtoattendMonday'smeeting;theMonthlyAttendancePrize!Thismonth'sprizesponsorisI.C.C.PastPresidentandI.C.C.ExhibitNightCommitteemanDonnWray.Thismonth’sprizewillbeanuncirculatedFranklinhalfdollar.Everyonepresentatthemeetingreceivesa
FREEticketforachancetowintheprizesopleaseshowupforachancetoownit.Youcouldgohomewithafreebie!
ThanksforelectingmetoserveasyourPresidentforthisveryexciting75thAnniversaryyear!

Michael WhiteFrom the Editor
Highlights from last month’s auction:x A 1970 US Mint set listed for $14 and sold for $16.
x A 1982 George Washington commemorative half proof listed for $8 and sold for $13.
x A 1911 Barber quarter in VG condition listed for $5.25 and sold for $6.
x A silver round sold for $21.
x Several lots of $5 face value of 90% silver sold for between $65 and $67.
x An 1885 Morgan Dollar in AU condition listed for $31 and did not sell.
x A 1974 D Kennedy half dollar with double die obverse listed for $6 and did not sell.
Items that will be in the auction coming up September 22nd will include:x No items were submitted this month by publication time.
Remember, if you plan to place items for auction at the following meeting, send the details toandreusrex@gmail.com by the third Monday of the month and I will publish them as space permits.
If you have any questions or comments about the newsletter or the club, please feel free toemail me at andreusrex@gmail.com. I’ll do my best to answer you or pass it along to someone
who can.
——————————————————————————————————————-1858 Flying Eagle Cent
This month’s coin of the month is the 1858 Flying Eagle cent. This is the second of two years
the coin was issued for circulation and is generally collected as part of the Indian cent series.
The 1856 is a pattern and is an optional part of the series.
By the 1850’s, the large cent was falling out of favor and rising copper costs meant the mint
was losing money striking those coins. After some experimentation of alloys including billon, amix of silver and copper and designs with holes, the mint selected an alloy of 88% copper and
12% nickel. The size of the cent was reduced form 27.5 mm to 19 mm. The weight was reduced from 10.89 grams to 4.67 grams.

The task of designing the coin fell on James Longacre. For the obverse, he borrowed the eagle
from the dollar coin designed by his mentor Christian Gobrecht. Around the eagle are UnitedStates of America and the date. The reverse has one cent surrounded by a wreath of agricultural products.
During production, the mint discovered the alloy caused frequent die breaks and parts of theeagle failed to strike fully due to its opposition to the wreath. To try to correct this, the mintslightly altered the design. The result was the creation of the large and small letters variety.
The way to tell them apart is the a and m of America are connected on the large letters andseparate on the small.
In 1858 about 24.6 million cents were struck. Although there were no exact mintages of eachvariety, it is believed there is about a 50-50 split. The small letter variety is worth only slightly
more. There is another variety of 1858 cents, the 1858/7 over date. This was created from leftover 1857 dies changed to 1858 to save money. This year’s cent is popular with type set collectors and is affordable to almost any collector. Prices range from $25 in good, $50 in very
fine, $200 in about uncirculated, $750 in ms 63 and $4,000 in ms 65. The over date in similar
grades are $75, $400, $1400, $10,000 and $55,000.
Reprinted with permission from the Elgin Coin Club$$$$ “ALWAYS BUYING” $$$$PAYING TOP PRICES FOR ALL
U.S. COINS
DON’T SELL WITHOUT GETTING OUR OFFER!!!

LARRY HYLTONBROWNSBURG, IN
ANA, ISNA-LM, CSNS-LM(317) 852-8458
The 2014 Indianapolis Coin Club
Officers and Board Members:
President
Vice-President
Secretary
Treasurer
Newsletter Editor
Past President
Sgt-at-Arms
Board Member 2013-2014
Board Member 2013-2014
Board Member 2013-2014
Board Member 2014-2015
Board Member 2014-2015
Board Member 2014-2015

Michael White
Jeff Bercovitz
Vinton DoveMark Eberhardt
Andy Nahrwold
Donn Wray
Jim Warden
Jim Sukup
Shannon Spears
Bob Bettcher
Jerry CorazPaul Vaughn
Jim Roehrdanz

VINTON DOVE
Business Consultant
Collecting U.S. Coins Since 1952
Home (317) 257-1906
Cell (317) 910-4205
Fax (317) 257-2220
OLD FOUNTAIN PENSPURCHASED(PARKER, WATERMAN, WAHL, ETC.)JIM NAHRWOLD(317) 849-7931
JLNAHRWOLD@COMCAST.NET

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

Treasurer’s Report not available at time of publication

August 25, 2014 - Minutes of the Indianapolis Coin Club Meeting.
Open – Club President, Mike White called the meeting to order at 7:02 PM. 31 people signed
in, the attendance book not being present. We met at the Northside Knights of Columbus Hall,
2100 East 71st St.
Visitors – Larry Reed and Steve (last name not recorded) introduced themselves.
The Secretary’s report was accepted as published in the July Planchet. The Treasurer’s report was not available at time of publication, and is to be included in the next Planchet.
Committees – President White announced that Jim Sukup had volunteered to chair the Junior’s
Committee.
Old Business – President White asked members to share their experiences ordering gold Kennedy half dollars. Donn Wray noted that he had ordered 5 gold halves, and that they were backordered, an experience he considered mediocre. Jim Roehrdanz had a more pleasant experience, noting that he was able to obtain one coin, and had sent it off to PCGS to get a first strike
holder.
New Business – President White discussed his experiences attending the ANA show for the
first time. He related the difficulties the mint booth had with the gold Kennedy’s, and the incredibly high demand. Kills! Mike White obtained a PCGS PF67 1942P nickel at the ANAshow for considerably less than book value. Joe Boling reported acquiring a counterfeit 100
franc note purported to be made by the Free French during World War II. The note was however made in the early 1990’s, and was sold through Somalia. Siegmund Haider reported receiving his silver baseball hall of fame coin that he had ordered in April.
The Educational Program – R.W. Julian from the Logansport Coin Club gave a talk on the1792 half dime, noting among other things that Martha Washington may have been the modelfor the coin. Afterwards, he discussed some of the research he attempted to conduct regarding
this coin. He noted that he had asked as early as 2011 to access books published in 1792 andstored at the U.S. Mint, but he has been unable to do so for the last 3 years, despite multiple
Freedom of Information Act submittals.
Break.
The Attendance Drawing (Door Prize) was a 1982 Washington Commemorative Half Dollar
won by Jeff Sutton.
The 50/50 Drawing was run by Bob Bettcher. Shannon Spears won $35.
Auction –Joe Boling ran the auction.
The meeting was Adjourned at 8:49 PM.
Respectfully submitted,
Andrew Nahrwold, Acting Secretary

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Indianapolis Coin Club2014 Meeting Dates & Educational Programs
January 27, 2014 - ‘1916 Indiana Centennial Medal’ - by Jeff Bercovitz*Prize sponsor: Michael White

February 24, 2014 - ‘Evaluating and Selling the Crop: Thoughts on Numismatic Appraisals
and Tax Aspects’ - by Donn Wray
*Prize sponsor: Jeff Bercovitz

March 24, 2014 - ‘19th Century Counterfeit National Bank Notes’ - by Joseph E. Boling*Prize sponsor: Vinton Dove

April 28, 2014 - ‘Counterfeits and Countermeasures’ - by Michael White*Prize sponsor: Bob Bettcher

May 19, 2014 - ‘An Education On Educational Notes’ - by Jim Warden*Prize sponsor: Jim Warden

June 23, 2014 - ‘Winners in the Modern Commemorative Coin Era’ - by Jim Roehrdanz*Prize sponsor: Jim Roehrdanz

July 28, 2014 - ‘Numismania, Military Medals’ - by Vinton Dove*Prize sponsor: Paul Vaughn

August 25, 2014 - ‘TBA’ - by Logansport Coin Club Speaker Exchange*Prize sponsor: Andy Nahrwold

September 22, 2014 - I.C.C. Exhibit Night*Prize sponsor: Donn Wray

October 27, 2014 - “Rejects, Resorts and Reform: Depression-wrought changes to ‘what’s inyour wallet’” - by Donn Wray
*Prize sponsor: Shannon Spears

November 24, 2014 - ‘Annual State of the Hobby Address’ -by Mark Eberhardt*Prize sponsor: Mark Eberhardt

December 8, 2014 – NO MEETING - I.C.C. Holiday Banquet*For 2014 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 at
the 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 sharedwith us 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.