A Publication of the Indianapolis Coin Club
Issue # 473
Newsletter
July 2006
Membership numbers: ANA C-131170, CSNS L-600, ISNA LM 243

The Meetings of the Indianapolis Coin Club for June and July 2006
will be held the fourth Monday of each month at the Warren Library at
9701 E. 21st Street in Indianapolis, Indiana. The Meetings consist ofa 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,
July 24, 2006!
July ICC meeting at
Warren Library
The Indianapolis Coin Club will hold its July meeting on theEast side of the City. We had a lot of success with this spot for
June and hope for the same in July. We look forward to seeing
everyone there! The address again is: 9701 E. 21st Street.
We will resume our regular meeting spot at the Nora Libraryin next month, on August 28th.

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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 Club
Officers 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 DoveJim Warden
Dave Reid
Donald Black
Allen Dove
Jim Fuson
Cos RaimondiCharles AlberThe 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
Warren Library

-

Cover

Advertisers-Page 2

Seated Liberty Quarters -Pages 3 & 4

Educ. Prog. for July

Page 4-

ICC Picnic News-

Page 4

Treasurer’s Report-Page 4

Exhibit Night for Aug.

-Page 5

Secretary’s Report-Page 5The Monthly Planchet, July 2006

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Page 2Seated Liberty Quarters
1838 - 1891
By Michael Schmidt

Christian Gobrecht’s Seated Liberty design
first appeared on the quarter dollar a year later
than the dime and half dime. By that time it
had already been decided to use the thirteenstars around Liberty on the obverse. So thequarter became one of only two denominations
in which Liberty is not seen in a plain field.
This first version of the Seated Quarter
shows Liberty seated on a slightly larger rockthan on the dime or half dime. Her posture is ina rightward pose, but she looks back to the left
over her right shoulder. Her left arm is
wrapped around and supporting a polecrowned by a liberty cap while her right handrests on a U.S. shield. Unlike the smaller denominations which have the shield upright, on
the quarter it is rotated about 25 degrees to theleft. Diagonally across the shield is a slightly
curving banner with LIBERTY in incuse lettering. The date is in the space below Liberty andarcing above her are 13 stars.
The reverse is a modified version of the defiant eagle design seen on the Capped Bust
Quarter. An eagle facing left, wearing a shieldon its breast, stands with its wings partially unfurled clutching an olive branch in its right talon
and a group of three arrows in the left. Theshield is a little smaller and the wings are a little
harder and fuller than those seen on the Bust
Quarters. UNITED STATES OF AMERICA
follows the curve of the rim above the eagle
and the denomination is now expressed as
QUAR DOL instead of 25C.
In 1839 there is no fold of drapery extending
from Liberty’s left arm down to her leg. In
1840 the hub was modified and the drapery
added. For some reason though, 1840 dated

dies of the previous design were created andsent to the mint in New Orleans so both varieties can be found from there for that year withthe “with drapery” being the scarcer of the two.
Surprisingly, although the 1840-O with drapery
has the lowest mintage of this type with only
43,000 coins struck, it is priced at the samelevel as the common date coins.
The next change to the design came in February of 1873. The great influx of gold from thediscovered in California resulted in a decreasein the value of gold or the increase in the valueof silver with respect to gold. This meant thatthe metal in the silver coins were now worth
more than their face value. In February of1873 the weight of all of the silver coins except
the dollar were reduced. To mark this change,on the quarters, arrows were added to eitherside of the date and on the reverse a glory ofrays is shown radiating from behind the eagle.
Although the weight reduction was maintained,
the rays were dropped from the reverse in
1854, and the arrows were dropped from theobverse in 1856.
It was ten years before the next designchange was made. With religious feelings being
high at the end of the Civil War, it was decided
to add the motto In God We Trust to as manyof the coins upon which it would fit. On thequarter, a ribbon bearing the motto was placedin the field above the eagles head. (A single
1866 quarter exists that does not have themotto but it is a fantasy piece that was made ata later date.)
Silver discoveries in the West resulted in the1870’s exactly opposite of the gold discoveriesof the 1840’s. Silver’s value relative to gold

The Monthly Planchet, July 2006

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Page 3

dropped low enough that the gold coins wereover valued and disappearing from circulation.
In order to stop this loss and restore bimetallism,
the weight of the silver coins were slightly increased. As in 1853, this weight change wasmarked on the coins by placing arrows to eitherside of the date. But this change lasted for only
two years and in 1875 the arrows were again removed from the obverse. The heavier “no arrows” version then remained unchanged throughthe end of the series in 1891.
The Seated Quarter series in not for the fainthearted. While there is only on “impossible”
piece, the 1842 small date proof with six pieces
known, there are several date/mint combinations
that will put a healthy dent in your wallet. These
would include the 1870 through 1874 Carson
City coins, the 1842-O small date, and the 1849O. Even once you get away from those you havea LARGE number of dates which even though
not high priced, have such low mintages that theywould be very difficult to locate. Fifty eight ofthe coins have mintages UNDER a quarter million, forty three of them are under 100,000 andtwenty six under 50,000.

Educational Programfor July:Show & TellandCoin Quiz
Please bring an item to talk about forabout 3 minutes and there will also be a coinquiz, with the winner taking home a prize!

Treasurer’s Report
June 2006
Income:50/50$23.00

Expenses:
Newsletter Postage
Newsletter Printing
Auction sheets/Expense
Sheets/Jr. Worksheets
1941-1974 1c. Book for Jrs.
2.50
1921 Morgan Dollar
2- 1975-Current 1c Books
for Juniors Night
Refreshments for Mtgs.
Total$19.50$27.72$ 4.65$$16.00$ 6.00$23.59$99.96May Checkbook Balance
June Checkbook Balance$2,835.21$2,735.25

ICC CD Balance$17,226.85

Respectfully Submitted,

2006 ICC Summer Picnic Held
The ICC Summer Picnic was held on July
8th at Hummel Park. There were visitors from
Ohio present, along with 12 members of theclub. There was an incredible variety of food.
The club provided fried chicken and drinks,
and there was plenty of salads, sides anddesserts.
Jim Fuson was the winner of croquet withMark Eberhardt coming in second and LindaFuson taking third place.
Everyone attending had a wonderful time ofsocializing and fun!

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Page 4

Secretary’s Report
June 26, 2006
The meeting was started
promptly at 7:00 pm by President Mark Eberhardt. There
were no guests present but,there were 23 people in attendance.
The Secretary and Treasurer Reports were readand excepted.
President Mark Eberhardt mentioned that theICC Club picnic will be on July 8th at Hummel
Park in Plainfield and that there was a sign up sheet
in the back of the room.
The meeting for July will also be held at the Warren Library (same as the June meeting) and regular
Nora Library meetings will resume in August.
Vinton Dove and Mark Eberhardt will be goingto the Logansport Coin Club meeting on July 19th
if anyone is interested in riding along, please let either one of them know.
There were two juniors present for Junior night.
Kurt Miller gave an interesting talk on his collection of foreign coins and Roman coins that he has
been collecting and also brought for presentation.
Emma Roehrdanz gave an interesting talk on her
collection of Statehood Quarters that she has beencollecting. Emma brought a map for her presentation.
Each Junior in attendance received several freethings from the US Mint, a 1975 to Current Lincoln Cent Book and an Indian Head Cent.
The 50/50 Drawing was won by William Phillps
who received $23.00.
Mark and Matthew Eberhardt ran a quick andexciting auction.
The meeting was adjourned at 7:45pm.

Exhibit Night
The August meeting will beheld at the Nora Library and will
be our annual Exhibit Night.
Each member is encouraged tobring an exhibit. Please contactVinton Dove or Mark Eberhardt
if you are planning on exhibiting
so that they can make sure there
is enough space available. Also
they will need to know if you
will be needing a display case.
There will be NO dealers setting up this evening as we willneed the spacefor exhibits.
There will also
be NO auction
this evening as
we will be giving out awards
and discussing
exhibits the entire evening.

Respectfully Submitted,
Amy Eberhardt

The Monthly Planchet, July 2006

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