The Planchet
A Publication of theIndianapolis Coin Club
April 2010 Issue 512

The next meeting will be Monday,
April 26th 2010
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.

2010 Meeting Dates:
Apr. 26th
May 24th
June 28th
July 26th
Aug. 23rd
Sept. 27th
Oct. 25th
Nov. 22nd
December Banquet

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Collecting U.S. Coins Since 1952

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DOUBLE D. KOINSDONALD D. KING SR.
MemberThe 2009 Indianapolis Coin Club
Officers and Board Members
President
Jim Roehrdanz
Vice-President
Donn Wray
Secretary
Vinton Dove
Treasurer
Don KingEditor
Matt Dinger
Past President
Matt Dinger
Sgt-at-Arms
Jim Warden
Board Member 2009-2010 Dave Reid
Board Member 2009-2010 Bob Bettcher
Board Member 2009-2010 Mark Eberhardt
Board Member 2010-2011 Jim Fuson
Board Member 2010-2011 Marty Moore
Board Member 2010-2011 Michael White$35.00 for a business card size
ad for 12 issues!
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.

Who Owns the Most Gold ?
As of July 2009 the top ten largest owners of gold in the world are reported to control a total of 24,258.3 tonnes, orover 855 million ounces. At current spot prices, this gold would be worth approximately $804.35 billion and represents about 15.4% of all the gold ever mined.

#10 The Netherlands
612.5 Tonnes
The Netherland central bank, De Nederlandsche Bank, oversees all of the the Dutch national finances, including thecountry’s 612.5 tonnes of gold . The Dutch gold is currently worth over $20 billion .

#9 Japan765.2 Tonnes
Japan is ninth largest gold owner in the world, with 765.2 tonnes of gold that accounts for only2.1% of the nation’s
total foreign reserves. On the open market, Japan’s gold reserves are worth approximately $25.4 billion and are managed by the Bank of Japan.

#8 Switzerland
1040.1 Tonnes
The Swiss National Bank oversees the country’s 1,040.1 tonnes of gold. The gold is believed to be stored in huge
underground vaults near the federal Parliament building in Berne, however the Swiss National Bank treats the location of the gold reserves as a secret. Switzerland’s stockpile is worth approximately $34.5 billion in today’s goldmarket.

#7 China
1054 Tonnes
The world’s most populous country also has the world’s seventh largest gold reserve. With a population of
1,330,440,055 (A rough estimate as of July 2009), the country holds about $26 worth of gold per person, worth a total of almost $35 billion.

#6 SPDR Gold Shares ETF
1120.6 Tonnes
Originally listed on the New York Stock Exchange in 2004, SPDR Gold Shares is one of the fastest growing ETFs inthe world. All of the Trust’s gold is held by the Custodian, HSBC Bank, in their London vault.

#5 France2450.7 Tonnes
The Banque De France is responsible for France’s gold holdings, which have been reported at about 2,450.7 tonnes
by the International Monetary Fund. With the fifth largest gold reserve in the world, France’s amount to about $81.3billion.

#4 Italy
2451.8 Tonnes
The Italian National Bank, Banca D’Italia, manages the country’s large gold holdings, with approximately 2,451.8
tonnes of gold in reserve, Italy’s holdings are very close to France’s and are also worth approximately $81.3 billion atcurrent prices.

#3 International Monetary Fund
3217.3 Tonnes
The International Monetary Fund oversees the global financial system of its 185 member countries and was formed tostabilize international exchange rates and facilitate development, mainly to poorer countries.

#2 Germany
3412.6 Tonnes
The Deutsche Bundesbank, Germany’s central bank, is one of the most influential member of the European System ofCentral Banks. With a hefty 3,412.6 tonnes of gold reserves, which are valued at about $113.2 billion at current prices.

#1 United States
8133.5Tonnes
The United States holds the largest gold reserve in the world. With 8,133.5 tonnes, the US gold holdings are worth approximately $269.67 billion. This massive gold reserve represents about .9436 an ounce for ever person living in thecountry. The majority of the American gold is reported to be held in the world famous United States Bullion Depository
in Fort Knox, Kentucky, although no audit has been conducted in over 40 years.

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March 22, 2010 - Minutes of the Indianapolis Coin Club Meeting.
Open - The meeting was called to order at 7:05 PM by the Club President, Jim Roehrdanz. 28of the 31 people in attendance signed the attendance book. We met at the Northside Knights ofColumbus Hall, 2100 East 71st Street.
The Treasurer’s report was accepted as reported in the newsletter. The Secretary’s report forFebruary was not available due to both the Secretary and the Newsletter Editor being unable toattend the meeting. It will be published in the April newsletter, along with the March minutes.
Club Life Member, Dave Reid took the minutes for the Secretary.
Visitors – Paul Fishburn, Donna Neblet, and Ray and Ruth Shalkowski introduced themselves
as the guests.
Old Business – None.
Committee Reports – Coin Week – Joe Boling reported that Coin Week would be April 18-24,
and a description of the events and suggested activities was available on the ANA website,www.money.org under Numismatic events.
New Business – The Education Program for May or June will be titled “Crack or Keep, Whether
or not to have a Certified coin regraded” by Donn Wray.
The Educational Program – Dave Reid substituted for the Secretary, Vinton Dove, and gave
the education program, titled “Matte Proof Lincoln Cents.” Dave described the coins and theprocess of making them. Matte Proof Cents were made by the US Mint from 1909 to 1916, as
were Buffalo Nickels (1913 to 1916). He had examples of the 1910, 1911,1913, and 1916 incellophane/cardboard holders and a 1914 in PCGS certified holder, graded PR-63, Red Brown.
Dave did an excellent job in his substitute role, and he raised several issues which were discussed at length at the end of his presentation by several Club members, including ANA BoardMember, Joe Boling. Joe gave a descriptive account of the Proof Coin production process. Theprogram was enjoyed by all in attendance.
After the break, the 50/50 Drawing was run by Club Treasurer, Don King. Guest, Ruth Shalkoluski won.
Auction – The Club’s monthly auction was conducted by Joe Boling, with Ron Jackson, Jim
Roehrdanz, Bob Bettcher, and Dave Reid assisting. Most of the lots sold.
The club adjourned at 8:50 PM.
Respectfully submitted, Dave Reid