The Planchet

July 2014

Issue #546

The next meeting will beMonday, July 28th, 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:

“Numismania, Military Medals” by Vinton Dove
NextMonthsMeetingDate&Program:
Monday,August25th,2014,at7pm.
‘TBA’ - by Logansport Coin Club Speaker ExchangeFor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,July28th,2014.
ThisisthebusiestandmostexcitingsummerIcanrememberinawhilewhenitcomestonewreleasesfromtheUnitedStatesMint.IknowmanyofyoucouldcarelessaboutmostoftheofferingsfromtheU.S.Mint;primarily
becauseoftheirqualitycontrolissues,poorcustomerservice,andissuesregardingthewayproductreleases
havebeenhandledinthepast.Theyhavemadesomebaddecisionsandithascostthemcustomers.Thatbeing
said,IwanttopointoutwhataninterestingyearTHIShasbeeninregardtotheproductsandservicesbeingofͲferedthusfar.The"NationalBaseballHallofFame"coinswerewellreceivedbynumismatistsandsportsmemoͲrabiliacollectorsalikeandthequicksellͲoutofthegoldcoinsandsilverdollarsofferedcollector/investors(suchasmyself)anopportunitytonotonlyownsomeveryuniquecoinage,buttomakeafinancialprofitasthesilverandgoldcoinsquicklydoubledinvalueinthesecondarymarket.Slabbed"70"graded"EarlyRelease"coinswent
throughtheroof.TheproductionlimitstheMintsetforthosereleasesandtheimprovedmethodstheyarenow
usingforphone&onlineorderingmadetheactofcompletingordersmuchsmoother.Asfarastheproducts
themselvesIfeeltheyreally"hititoutofthepark"astheysay.Theyarehoweverstillfillingbackordersonthesilverdollarsbutatleastthere'sbeenimprovementinmostareasoftheirperformance.
SpeakingofnewUnitedStatesMintproducts,we'reabouttoseethereleaseof3excitingnewcommemoratives
incelebrationofthe50thAnniversaryoftheKennedyhalfdollar.Thefirstofferingwillbea'P'&'D'Uncirculated
pairofKennedyhalfdollarsinspecialcommemorativepackagingtobereleasedforordering(onlineorbyphone)atnoononThursday,July24th.Thesetsarepricedat$9.95each(+S&H)withanorderlimitof5perhousehold.
(ThereisNOmintagelimitonthese).TheMintiscoordinatingthereleaseoftheother2KennedycommemoraͲ
tivesonTuesdaymorning,August5th@11:00a.m.attheANA's"2014ChicagoWorldsFairofMoney"whichis
beingheldatRosemont,ILonAugust5Ͳ9,2014.Therewillbea4Ͳcoinsetof90%silverKennedyhalfdollars
('P'&'D'Unc.,'S'Proof,and'W'EnhancedProof)at$99.95,andthemuchanticipatedGOLDKennedyproofhalfdollar.Thepriceforthegoldcoinisexpectedtobeabout$1,300.00ea.astheycontain3/4oz.of.999924kt
gold.Mintagelimitsforthese2setshavenotbeenannouncedasofthiswriting.Orderingbyphoneorinternet
shouldalsobeginAugust5thbuthasnotbeenconfirmed.WhatweDOknowisthattherewillbea"2ͲcoinpurͲ
chaselimit"attheANAshowanda"5Ͳcoinpurchaselimit"byphoneorinternetorderaccordingtoaU.S.Mint
spokesperson.Ilookforwardtolearningatourmeetinghowmanyofyouintendtopurchaseany(orall)ofthese
products.Myfeelingisthatifthemintagelimitsarerelativelylow(200,000orless?)thegoldhalfcertifiedinanNGCorPCGSEarlyReleaselabelinPF70couldpossiblydoubleinvalue.
Thismonth'sEducationalProgramwillbegivenbyVintonDoveandistitled:"Numismania,MilitaryMedals".I
amlookingforwardtohispresentation.
Here'syourfinalbitofmotivationtoattendMonday'smeeting;theMonthlyAttendancePrize!Thismonth'ssponsorisPaulVaughn.Paulhasn'trevealedwhathe'sprovidingasaprizebutEveryonepresentatthemeetingreceivesaticketforaFREEchancetowinitsopleaseshowuptoseewhathe'sdonatedforthedrawing.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 set of 4 proof 2010 gold dollar coins sold for $6.
x A 1916 wheat cent in XF condition sold for $3.
x A 1923A German 500 Mark KM-36 coin in AU condition sold for $1.
x A roll of circulated 1969-S cents listed for $5 and did not sell.
In the auction coming up March 24th: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.
——————————————————————————————————————-

1861-C Half Eagleǯͳͺ͸ͳǦ Ǥͳͺ͵ͲǯǡǤ  Ǥͳͺ͵ͺ Ǥǡǡ ǡ ǤǦǤʹͲǡͳͺ͸ͳǡ  
 ǤǤ ǡͳʹ  Ǥ Ǥǡ ͷǡͻͻʹ̈́ͷ   Ǥ
 ǡ  ǡͺͺ͹ Ǥ͸ǡͺͻ͹ ǡǤǡ ͳͲͲ Ǥ     Ǧ Ǥ   Ǥ ͺǤʹͶͻͲΨͳͲΨ ͳ͹ȀʹͲǳʹͳǤ͸ͷǤChristianGobrecht Ǥ ͳ͵Ǥǯ ǯ Ǥ   ͷǤǲǳ Ǥ   Ǥ   ǦǤ̈́ͳͷͲͲǡ̈́ʹʹͷͲǡ̈́ͶͺͷͲ̈́ʹ͵ͲͲͲ͸ͲǤ
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
Gary Conner
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.

Indianapolis Coin Club
General Ledger for Apr, May,Jun. 2014
Apr.

MayJune$ 35.00$ 34.00$34.00 $36.00

Receipts:
Dues – Regular @ $12.00 ea.
Dues – Juniors @ $5.00 ea.
Advertising – Planchet @ $35.00 ea.
Fifty/Fifty Drawing:
Interest – CD’s – 1 Merchant Bank:
Donations – Auction Lot Sales
ICC Library Books Sold:
Auction Lot Sheets @ $1.00:
Sales of Medals:
Silver @ $40.00 each: 29 Left
Bronze @ $10.00 each: 103 Left
Amazon.com:
Postage Collected Newsletter:

Total Receipts:$28.00 $ 4.00$

5.00

$ 2.00$ 4.00$74.00$64.00 $44.00$ 50.00$50.00$50.00Total Disbursements:$50.00$50.00$50.00Net Gain / Loss:$24.00$14.00($6.00)

Checkbook:
Starting Balance:
Total Receipts:
Total Disbursements:
Ending Balance:$2848.23$ 74.00$ 50.00$2872.23$2872.23 $2886.23$ 64.00 $ 44.00$ 50.00 $ 50.00$2886.23 $2880.23

Disbursements:
Insurance – Liability:
Insurance – Treasurer’s Bond:
Computer Website:
Mail Box Retail:
Office Supplies:- New Checks:
Postage:
K of C Meeting Room Rent:
Exhibitors Night Prizes:
Newsletter:
Library Fund:Club Functions / Promotions:75th Anniv. Medals:
Youth Projects:
External Displays:

ISNA Table:

Indianapolis Coin Club
Minutes - June 23, 2014
The meeting was called to order at 7:08 p.m. by President, Mike White. Thirty-one (31) persons
signed the attendance book. The meeting was held at the Northside Knights of Columbus Hall, 2100
East 71st Street, Indianapolis, Indiana.
Visitors.

Anthony Meeks, visitor introduced himself to the club members.

Minutes.

The minutes for the meeting on May 19, 2014 were approved.

The Planchet. Andy Nahrwold, Editor announced three months of Treasurer's Reports will be published in The Planchet. Extra copies of the newsletter are in the back of the room.
President's Report.
Mike White thanked all persons helping tonight with the meeting. He announced Donn Wray would give the October educational presentation.
Old business. Mike White announced the donation of four (4) 75th Indianapolis Coin Club bronze
medals in June to the major coin services who provided encapsulated and specially labeled coins for the75th anniversary of the club for a cost $61.00. He discussed the National Baseball Hall of Fame coins
and their backed up order status at the U.S. Mint. Mark Eberhardt reported baseball coins now atdealer's bid on the gray sheet for $100.00 for the $1.00 silver coins.
New business. Club members discussed the Exhibit Night prize structure. Jeff Bercovitz mentioned
use of silver Eagles to be given to each exhibitor. Donn Wray mentioned two nice coins or sets for 1stand 2nd place with a series of other interesting coin pieces for other exhibitors to choose from. Anotheridea was to have sign up sheet in advance to get an idea of how many persons would exhibit.
Mike White discussed registry sets, noting there was no cost to register a set at PCGS. He discussed aset he is putting together. The reported the numerical score of the set is based on scarcity.
Kill reports. Steve Howery reported $8.00 in silver coins were found. A double starred note wasfound. Mike White found a $5.00 star note.
Educational Program. Jim Roehrdanz gave the program entitled, "Winners in the Commemorative
Coin Era." He reported there are 20 different uncirculated half dollars and 20 different proof half dollars;72 silver uncirculated dollars and 69 silver proof dollars. Few coins are 70 grade, but the difference
between the cost of a MS 70 and MS 69 could be very large. He highlighted the difference in costs forthe 1998 silver Black Patriots half dollar, noting Crispus Attacks was shown on the obverse. A highschool in Indianapolis was named after him. The talk was very informative and he handled questions
from club members well.
Attendance Drawing. The Door Prize was presented to Joe Gardner.
50/50 Drawing. The winner was Mark Eberhardt.
Auction. The auction was conducted by Donn Wray. Michael White, Jeff Bercovitz and Mark Eberhardt assisted.
Adjournment. The meeting was adjourned at 8:45 p.m.
Respectfully submitted, Jeffrey Bercovitz, Vice President and Secretary Pro Tem

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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 - ‘TBA’ - by Donn Wray
*Prize sponsor: Jim Fuson

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.